For the Quarter Ending June 2025
North America
• Q2 2025 for North America witnessed a mixed-to-soft Maltodextrin Spot Price trend, with prices broadly mirroring the Chinese export reference (fluctuating between USD 550–570/MT mid-quarter); average quarter-over-quarter movement hovered around -0.8%, with stabilization by June supported by gradual demand normalization.
• Maltodextrin Price Forecast remains cautiously neutral for Q3, with recent U.S. tariff impositions on Chinese starch derivatives limiting import flows, potentially tightening domestic supply and raising speculative sentiment for H2 2025.
• Large import volumes from China in April faced port congestion and pre-tariff acceleration, leading to brief price upticks and supply chain distortions as buyers rushed to secure stocks.
• Maltodextrin Production Cost Trend for North American importers reflected cost pass-throughs from Chinese processors facing higher corn and logistics prices, inflating landed costs by up to 3–4% in early Q2.
• By May, the market felt the impact of sluggish downstream demand in food processing and beverage sectors, resulting in a softening of spot prices and an accumulation of inventory at major distributors.
• Some importers deferred orders anticipating further Maltodextrin Spot Price corrections following visible excess inventory and shifting U.S. dietary trends reducing short-term consumption rates.
• Supply stability from China improved post-May as port operations normalized; yet, the implementation of new tariffs resulted in realignments toward local and alternative overseas sourcing.
• June 2025 saw a marginal firming of spot prices (approaching USD 555/MT) as drawdowns of carryover stocks and a mild pickup in beverage and sports nutrition demand triggered moderate restocking.
• Upstream cost pressures moderated by June, but increasing freight costs from China persisted, raising attention around import-dependency and fostering renewed discussions on regionalizing supply chains in North America.
• The Maltodextrin Demand Outlook for Q2 closed on a note of guarded optimism, with inventory strategies realigned towards agility and tariff impacts monitored closely for Q3 price forecast implications.
APAC
• The Q2 Maltodextrin Spot Price trend in APAC showed marginal overall volatility, closing Q2 at USD 540/MT in June (from USD 560 in April), reflecting a quarterly average fluctuation of -0.63%, with a brief May dip before slight price firming into June.
• Maltodextrin Price Forecast sentiment for Q3 2025 leans cautiously optimistic after June’s import price stabilization, supported by moderate recovery in both domestic and export demand.
• Maltodextrin Production Cost Trend was driven by surging corn prices in early Q2, impacting input costs directly; by June, upstream raw material pressure moderated due to stabilization efforts but persisted above long-term averages.
• Maltodextrin Demand outlook in April was robust, particularly from the Chinese food & beverage and nutraceutical industries, bolstered by government consumer initiatives and early export surges pre-U.S. tariff implementation.
• Port congestion across Qingdao, Tianjin, Shanghai, and Ningbo delayed export flows in April, with logistical backlogs easing by June as international shipments normalized.
• May recorded a price drop as exporters faced excess inventory, prompting strategic price reductions and intensified global competition, despite steady production rates in China.
• Weak international procurement in May, notably from pharmaceuticals and food service sectors, led to stock build-ups and pressured suppliers to offer discounts, muting short-term Maltodextrin Spot Price movements.
• Inventory cycles in export and manufacturing hubs tightened by June after preceding cautious procurement resulted in widespread inventory drawdowns across Asia-Pacific.
• June saw renewed international purchasing interest as downstream inventories dwindled in key importing markets, driving a price uptick and reigniting confidence in the Maltodextrin Demand Outlook.
• Overall Q2 export liquidity remained satisfactory for suppliers; June 2025 transactions reflected healthy supply chain efficiency and undisturbed production logistics, with price dynamics more demand-led than cost- or supply-driven.
Europe
• Q2 2025 in Europe saw a stable-to-soft Maltodextrin Spot Price profile (tracking in the USD 565–590/MT range), with a quarter-average price shift of nearly -0.5%, underpinned by modest June recovery as importers restocked depleted inventories.
• The Maltodextrin Price Forecast signals a mild upward bias for early Q3 driven by tapering Chinese export offers and rebounding regional demand after earlier destocking phases.
• European Maltodextrin market reliance on Chinese supply was acute in early Q2, with April’s import window active due to scheduled port arrivals ahead of Asian logistical slowdowns and new EU customs scrutiny.
• Maltodextrin Production Cost Trend for European buyers echoed global corn and energy price increases, pushing procurement costs higher until May, when softer demand prompted price accommodations from exporters.
• The second-half of May saw an inventory overhang among West European importers, temporarily softening spot prices as bulk buying subsided in food, confectionery, and sports supplement manufacturing.
• Pharmaceutical and personal care applications maintained routine offtake, utilizing existing inventories and emphasizing just-in-time delivery models through the quarter.
• By June, importers responded to fading surplus by ramping up new purchase orders, particularly from German, French, and Benelux food sectors, propelling a visible, if modest, price uptick (up USD 5–10/MT).
• Logistics and customs operations ran efficiently throughout Q2; no significant bottlenecks occurred in major European ports, enabling dependable Maltodextrin supply availability.
• Freight costs remained a concern as high shipping charges from Asia persisted in dampening arbitrage opportunities, influencing sourcing and contract strategies across Europe.
• The Maltodextrin Demand Outlook for European Q2 closed with a cautiously positive tone, driven by expectations of seasonal food and beverage application growth and ongoing vigilance for policy and cost developments ahead of Q3.
MEA
• MEA maintained a fluctuating Q2 Maltodextrin Spot Price trajectory, with import values in South Africa at USD 695/MT in June (down from USD 710 in April), marking a quarterly average change of -0.21%; June registered a mild rebound amid lean inventories.
• Maltodextrin Demand Outlook was stable-firm in April, with food, beverage, and supplement segments anchoring end-use, creating anticipation of continued upward price momentum into early Q2.
• Maltodextrin Production Cost Trend for MEA imports reflected rising upstream starch and energy costs, compounded by stricter compliance, temporary Asian factory shutdowns, and increased freight rates.
• Maltodextrin Supply was constrained in April by logistics bottlenecks and elevated ocean freight, boosting Maltodextrin Spot Prices and prompting cautious, forward-leaning procurement activity among importers.
• Aggressive restocking by South African buyers in April amid global volatility contributed to tighter market supply and firmer pricing through month-end.
• In May, Maltodextrin Spot Price softened due to weak international demand and declining maize prices; a stronger South African Rand further mitigated landed cost pressures for local importers.
• Local inventories were sufficient in May, as weak downstream demand and absence of new sectoral triggers curtailed fresh buying, supporting a subdued, buyer-friendly price environment.
• Supply from major Asian exporters, notably China and India, remained uninterrupted in May despite reduced offer prices and stagnant MEA procurement, underscoring ample availability.
• June saw a modest price uptick driven by a return of procurement interest as downstream stockpiles diminished across food and beverage segments, with suppliers maintaining slightly firmer offers.
• No significant logistical or distribution challenges were reported in June; procurement in processed beverage and supplement segments improved, reflecting the shifting Maltodextrin Demand Outlook for the region.
For the Quarter Ending March 2025
North America
In the first quarter of 2025, Maltodextrin prices across North America trended downward, driven by a combination of global oversupply and shifting regional demand patterns. January opened with softer prices as surplus production from major global suppliers created strong competition. At the same time, North American buyers displayed caution, influenced by high inventory carryovers from late 2024 and subdued purchasing activity across food, beverage, and pharmaceutical sectors.
Throughout February 2025, the price softness persisted as end-user industries maintained conservative buying strategies. Changing consumer preferences toward clean-label and natural products weakened traditional Maltodextrin demand, especially within the food and health-focused markets. Additionally, steady declines in logistics and energy costs enabled importers and distributors to offer lower prices, while overall industrial activity remained moderate, putting little upward pressure on demand.
By March 2025, the downward momentum intensified. Businesses focused on inventory optimization rather than new procurement, and economic uncertainty further restrained spending. Exporters continued offering competitive deals to clear surplus stocks, deepening the price reductions. Consequently, Q1 2025 ended with sustained weakness in Maltodextrin prices across North America, offering cost benefits to buyers but posing challenges for suppliers aiming to maintain profitability in an increasingly cautious market.
Asia Pacific
In Q1 2025, the Chinese Maltodextrin market witnessed a fluctuating price trend, shaped by seasonal, supply, and raw material dynamics. January began with a noticeable decline in prices, driven by high domestic production, stable corn feedstock costs, and weak demand from food and feed sectors, leading to an oversupply. China's record corn harvest and reduced import dependency further lowered production costs, pushing Maltodextrin prices down.
However, February marked a significant turnaround, as the Lunar New Year holidays triggered temporary factory shutdowns, tightening supply. Post-holiday, strong demand from the food, beverage, and pharmaceutical sectors, coupled with lean inventories and rising energy costs, led to a sharp increase in prices. Additionally, tighter corn supply and government policies limiting imports elevated raw material costs, adding further upward pressure.
By March, the market likely stabilized at elevated price levels, supported by consistent demand and lingering supply constraints. While production normalized after the holidays, raw material and energy cost pressures prevented any major price corrections. Overall, Q1 2025 exhibited a U-shaped pricing pattern, with a sharp decline in January followed by a rebound in February and steady, firm prices through March. This quarter highlighted the strong influence of seasonal disruptions and commodity market trends on Maltodextrin pricing.
Europe
In the first quarter of 2025, Europe experienced a steady decline in Maltodextrin prices, influenced by abundant global supply and softer regional demand. January 2025 marked the beginning of the downward trend as favorable agricultural conditions and technological advancements boosted global production, leading to an oversupplied market. Alongside this, moderate economic activity across major European economies reduced demand from key sectors such as food, beverage, and pharmaceuticals, applying additional pressure on prices.
The declining trend persisted into February 2025, supported by continued oversupply and reduced manufacturing and logistics costs from major exporting countries. High inventories accumulated during late 2024 across European warehouses limited fresh procurement needs, while cautious consumer spending and a growing preference for clean-label and natural ingredients slowed demand for traditional Maltodextrin products. Competitive offers from global suppliers further kept import prices subdued, even as local producers attempted to adjust to the changing market dynamics.
By March 2025, the Maltodextrin market in Europe witnessed a sharper dip as economic uncertainties and reduced industrial activities dampened purchasing sentiments further. End-user industries remained hesitant to commit to new contracts amid already high inventory levels. Overall, Q1 2025 closed with sustained downward pressure on Maltodextrin prices across Europe, benefiting buyers but challenging suppliers' margins.
MEA
In the first quarter of 2025, South Africa witnessed a consistent decline in Maltodextrin import prices, driven largely by global oversupply and favorable production conditions. January 2025 saw prices fall as improved agricultural outputs and technological advancements led to increased global availability. Additionally, a stronger South African Rand against the U.S. Dollar enhanced import affordability, supporting a buyer’s market. However, weakened factory activity, as indicated by a falling PMI, and softer domestic purchasing trends contributed to reduced demand, maintaining downward pressure on prices.
The trend continued into February 2025, with prices remaining low amid persistent oversupply, reduced manufacturing costs, and subdued end-user demand. High inventories from late 2024 and cautious procurement strategies across key sectors, including food, beverage, and pharmaceuticals, limited fresh orders. Although the South African Rand weakened slightly, favorable trade conditions and competitive global pricing continued to offer cost advantages to importers. Shifting consumer preferences towards clean-label ingredients further tempered demand for Maltodextrin-based products.
By March 2025, the decline deepened, reflecting weaker industrial activity, high inventory levels, and broader economic uncertainties. Trade disruptions and restrained consumer spending limited market recovery, resulting in a sharp dip in import volumes. Overall, Q1 2025 ended with a sustained downward trend in Maltodextrin import prices, creating a highly favorable environment for South African buyers.
For the Quarter Ending December 2024
North America
In Q4 2024, the U.S. Maltodextrin market exhibited notable fluctuations, driven by global supply-demand imbalances and market dynamics witnessed in key producing nations. In October, export prices fell, impacted by high production rates and stable feedstock corn costs, along with weak demand from key sectors like food and feed. With abundant inventories, suppliers employed competitive pricing strategies to reduce stock levels.
Despite some signs of manufacturing recovery, with the U.S. PMI increasing slightly, export orders remained sluggish, input costs rose, and downstream procurement stayed cautious, preventing a significant rebound. In November, the market continued to face downward pressure, as elevated production levels and a lack of strong overseas demand led to supply gluts. Buyers relied on existing stocks, and policy-driven economic incentives had little impact on demand. The market, however, saw some cost-saving opportunities for industries like food, pharmaceuticals, and cosmetics, amid favorable pricing and fluctuating exchange rates.
By December, a shift occurred, with prices starting to rise, supported by post-holiday demand and logistical improvements. Supply constraints, particularly in non-GMO lecithin, coupled with rising production costs and labor shortages, pushed prices upward. This recovery marked a positive turn, with suppliers adapting to market conditions and resetting pricing norms.
Asia
In the fourth quarter of 2024, China’s Maltodextrin export market saw price fluctuations due to production surplus, economic factors, and strategic trade decisions. October saw a sharp decline in export prices driven by increased production, stable raw material costs, and a slowdown in global demand, particularly from regions facing economic challenges. Suppliers faced high inventory levels and competitive pricing, exacerbated by low demand from the food and feed sectors. By November, controlled destocking and supply chain adjustments led to further price drops. A corn surplus, supported by favorable weather, and lower feed corn and wheat prices reduced production costs. The yuan’s depreciation and competitive pricing from exporters like Argentina and Ukraine further softened the market. However, moving towards the termination of the quarter, i.e., in December, the price rise was driven by a modest increase in regional and overseas quotes, balanced by prior inventory stocks. Additionally, a post-holiday demand surge from Western countries and improved logistics boosted the trend. As a result, some manufacturers capitalized on the situation, trading at higher prices and setting a new baseline for future pricing.
Europe
In the fourth quarter of 2024, Europe’s Maltodextrin market experienced price volatility influenced by production surpluses, economic conditions, and strategic trade decisions. October saw a decline in export prices, driven by increased production, stable raw material costs, and a slowdown in demand, particularly from economically weakened regions. Suppliers struggled with high inventory levels and competitive pricing, compounded by subdued demand from the food and feed sectors. By November, controlled inventory adjustments and supply chain strategies led to further price reductions. A surplus in corn, supported by favorable weather, and lower feed corn and wheat prices helped cut production costs for maltodextrin further. Additionally, competitive pricing from exporters, coupled with a weaker euro, added downward pressure. As the quarter ended in December, a modest rise in regional and overseas quotations, along with a post-holiday surge in demand from Western countries and improved logistics, boosted prices. Manufacturers capitalized on the situation, trading at higher prices and establishing a new pricing baseline for the future.
For the Quarter Ending September 2024
North America
In Q3 2024, the Maltodextrin market in the European region experienced significant volatility, driven by interconnected factors affecting both supply and demand. Persistent end-user demand, alongside disruptions in supply chains and manufacturing limitations caused by adverse weather, contributed to notable price increases. As the U.S. remained a major importing country, it closely mirrored price trends from exporting nations, amplifying market sensitivity to global supply-demand dynamics.
The appreciation of the Chinese yuan against the U.S. dollar also enhanced export competitiveness, further fueling price escalations. However, the quarter began with substantial price drops due to abundant supply and weakened demand dynamics, leading to surplus inventories and downward price pressures. Domestic and international consumption patterns remained subdued, compounded by diminished trading activity from neighboring regions and cautious end-user behavior.
The manufacturing sector faced additional challenges, including decreased performance and extended supplier lead times, which negatively impacted input demand. While suppliers sought to stimulate trading, the overall market remained sluggish, with excess inventories and declining profitability limiting potential recovery. Consequently, market participants had to navigate a challenging landscape, shaping pricing strategies and overall dynamics in the Maltodextrin market throughout the quarter. This multifaceted environment underscored the complexities facing stakeholders and highlighted the critical need for adaptability amid shifting market conditions.
Asia
In Q3 2024, the APAC region, with a notable focus on India, observed significant volatility in Maltodextrin prices. Following a substantial price drop in July, the market rebounded due to a tight supply-demand balance, which was pivotal in driving prices upward. Contributing factors included the depreciation of the Chinese yuan against the US dollar and decreased manufacturing activity attributed to adverse weather conditions. Despite a strong start, the quarter was marked by a decline in trade momentum as reduced procurement across various downstream industries prompted traders to liquidate excess inventory and replenish stocks, exacerbating downward pricing trends. This cautious stance among buyers reflected broader macroeconomic uncertainties, as evidenced by diminished purchasing sentiments throughout the month. Moreover, elevated global freight costs further complicated the market dynamics, with the container freight index remaining high. The rise in freight rates, especially for shipments from Asia to various destinations, deterred traders from making purchases, leading to significant domestic inventory liquidation at lower prices. By the end of the quarter, Maltodextrin prices settled at USD 639.08 per metric ton Ex Ahmedabad, marking an average quarterly increase of 3.80%. This trend highlights an overall upward trajectory in pricing across the region, underscoring the influence of demand fluctuations, supply chain disruptions, and adverse weather conditions on the APAC market landscape.
Europe
During the entire third quarter of 2024, the Maltodextrin market in Europe experienced a significant upward trend driven by intricate global dynamics impacting supply chains and market sentiment. The surge in production costs in key manufacturing regions, coupled with increased demand across various industries, played a crucial role in elevating prices. Currency fluctuations further exacerbated import expenses, adding another layer of complexity to the market environment. The situation was intensified by uncertainties surrounding raw material prices, heightened by disruptions and maintenance shutdowns at critical production facilities, leading to further price escalations. Germany emerged as a key player, showcasing the most substantial price changes and reflecting the overall upward trend prevalent throughout the quarter. Prices maintained a consistent upward trajectory, highlighting the market's dynamic nature and creating a favorable pricing environment. These converging factors indicate that the Maltodextrin market is adapting to ongoing challenges while positioning itself for potential growth in the upcoming months. The persistent rise in the global food and beverage industry's growing demand for maltodextrin as a versatile additive has continued unabated, with several international markets facing their own supply shortages. This created an attractive opportunity for Suppliers within the region to increase their prices while remaining competitive in the european market
FAQ’s
1. What are the current Maltodextrin prices in North America?
As of the end of Q2 2025, Maltodextrin spot prices in North America ranged between USD 550–570/MT, with a slight firming to around USD 555/MT in June due to mild restocking and gradual demand recovery.
2. Who are the major producers and exporters of Maltodextrin?
China remains the primary global producer and exporter of Maltodextrin, with significant supply contributions from other Asia-Pacific countries like India and Thailand. In North America and Europe, the market relies heavily on imports from these regions.
3. What factors influenced Maltodextrin prices in Q2 2025?
Key drivers included U.S. tariffs on Chinese starch derivatives, higher corn and logistics costs from China, port congestion in early Q2, and fluctuating downstream demand from the food and beverage industries. By June, inventory drawdowns and normalized port operations helped stabilize prices.
4. What is the Maltodextrin price forecast for Q3 2025?
The Q3 outlook is cautiously neutral, with potential price firmness due to reduced import flows from China, ongoing freight cost concerns, and a moderate recovery in demand from food, sports nutrition, and beverage sectors.
