Korea's FTC fined Daesang, Sajo CPK, Samyang, and CJ CheilJedang a record 747.6 billion won for fixing starch and starch sugar prices from 2018-2025. The companies must reset prices to pre-collusion levels, which is expected to lower costs for food and manufacturing industries.
In 2025, the market for Dextrin followed a mixed and largely soft trend in major markets, primarily driven by corn availability, levels of supply, and changing industrial demand. The first quarter saw prices fluctuate due to high inventories and highly competitive pressure among suppliers in Asia, weak demand and high levels of oversupply in Europe and North America, and a brief disruption in the supply chain and shipping that provided upward pressure on prices.
In the second quarter, prices remained flat in Asia due to robust corn crops and competitive imports, while prices in Europe rose marginally due to transportation issues and a drop in inventories. Prices in North America rose more significantly in this quarter, driven by higher production costs and increased demand from food and pharma segments. In the third quarter, prices fell in all regions, driven by oversupply, enhanced production efficiency, and weak demand from food, pharma, and industrial segments. The decline in prices continued in the fourth quarter, driven by a strong supply of maize, stable inventories, and moderate demand from downstream segments, which kept prices soft and balanced.
Analyst Insight
According to Procurement Resource, Dextrin prices are expected to remain stable to slightly weak, with future movements depending on corn supply and recovery in food and industrial demand.
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In the second half of 2024, the Dextrin market experienced an unstable price movement. In the initial days, the Dextrin market experienced an improvement in the supply side, as the disturbances in the supply chain were addressed. This had an impact on the operations of the market. In the second half, the demand from the food, pharmaceutical, and industrial sectors also increased during the festive season. This had an impact on the procurement activity in the market. The raw material supply was also available at comfortable levels, but the efficiency in the supply chain did not allow the prices to move on the higher side.
As time went on, the supply chains stabilized, and the inventories were gradually leveled. This ensured that the prices were kept in check. At the end of H2’24, there were signs of easing in the cost of feedstocks, which ensured stability in the market. At the same time, buyers were cautious in their purchasing patterns to avoid stockpiling. In general, the market has been in balance, with slight changes due to seasonal influences.
Dextrin is a carbohydrate derivative produced by the hydrolysis of starch, typically through enzymatic or acid treatment. It is a white, odorless powder with adhesive properties. Dextrin finds diverse industrial applications due to its ability to form adhesive solutions when mixed with water. It is widely used in adhesives for paper, textiles, and labels, as well as in the food industry as a thickening agent and binder. Additionally, dextrin is employed in pharmaceuticals, cosmetics, and construction materials, showcasing its versatility across various sectors.
C18H32O16
Adhesives, Textiles, Paper Products, Pharmaceuticals, Cosmetics
Archer Daniels Midland Company, Cargill, Inc., Tate & Lyle, Roquette Frères S.A, Ingredion Incorporated, American Key Products, Inc., Meelunie B.V, Agridient Inc.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The preparation of dextrin is carried by the chemical reaction between starch and a strong acidic chemical. Initially, the starch obtained from natural sources such as wheat and corn, is heated and then dried for processing it into dextrin.
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