Market Outlook
With the increasing working population, as well as urbanization, there is a rapid and continuous growth into demand for processed food products. The increasing demand for processed food ultimately increases the demand for various food additives. Food additives include various substances that are added to food products for specific purposes like enhancement of texture or taste, preservation, stabilization, etc. Modified starches are popular food additives and are being used for a long time for various function. Etherified Starches are one of the most popular starch derivatives. Etherified starches are prepared by reaction of starch molecules with active substance like anionic starch, cationic starch, amphoteric starches, etc. Etherified starches thus have certain physio-chemical properties like thermal stability, higher reaction efficiency, ion activity, etc. Etherified Starches are prepared with the aim to increase the stability of gels as well as prevent water loss. Etherified starches are thus popular and are used on large across the food and beverage sector as well as healthcare as well as paper industries. Thus with increasing demand, the global etherified starches market is expected to grow a rapid pace over the forecast period.
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Global Etherified Starches Market: Key Players
The global etherified starches market is competitive and some of the key player active in etherified starches space include of Cargill Inc., Everest Starch (India) Pvt. Ltd., Samyang Corp., Karandikars Cashell Private Limited, Tate & Lyle, PRAKASH CHEMICALS PVT LTD, KMC Kartoffelmelcentralen A.M.B.A., Pars Khoosheh Pardaz Co., Ingredion Inc., SMS Corporation, Archer Daniels Midland Company and others. With a number of benefits as well as increasing scope, many other players are taking a keen interest to invest in the etherified starches market.
Increasing Demand for Etherified Starches with a Large Number of Applications across Multiple Industries
There is an increasing demand for modified starches like etherified starches across the globe for its multiple application across industries. Changing lifestyle, increasing urbanization, increasing demand for processed as well as convenience food are some of the primary factors that are driving the global etherified starches market. The increasing popularity of modified starches is expected to ultimately have a positive impact on demand of etherified starches. Etherified Starches are increasingly being used in various convenience food products as well as dairy products as thickener and stabilizers. The etherified starches also find an application in bakery & confectionery industries as thermal stabilizer as well as thickener. The ever-growing bakery & confectionery industry thus is expected to increase the demand for etherified starches over the forecast period. The etherified starches show applications like flocculants, coating, drug delivery, paper making, and many more across the sectors. Thus with increasing number of application as well as growing popularity, the global etherified starches market is expected to grow positively both in terms of value as well as volume over the forecast period.
Global Etherified Starch Market Segmentation
On the basis of Source, the global etherified starches market can be segmented as
- Corn
- Wheat
- Potato
- Cassava
- Other
On the basis of End Use, the global etherified starches market can be segmented as
- Food & Beverage
- Bakery & Confectionary
- Convenience Food
- Dairy Products
- Meat & Poultry
- Healthcare
- Paper Industry
- Others
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Opportunities for Key Players
The global etherified starches market is growing aggressively and thus creating many opportunities for exiting as well as emerging players. The etherified starches market is driven by innovation and thus many of the key players in etherified starches market space are investing in R&D for new products launches with novel applications. The incorporation of esterified and etherified starches in order to get novel as well as enhanced results is one of the major trend driving the etherified starches market. The on-going ‘free from Animal’ trend in food and beverage sector is expected to have a positive demand on the global etherified starches market.