Chinese food ingredient prices declined in 2023-2025 after the end of COVID-19.
Due to the end of COVID-19, China’s tight food ingredient industry chain has been effectively improved. Global food ingredient prices continued to rise from early 2020 to H1 2022. Foreign food manufacturers have been raising prices to cope with the continuously rising production costs. However, packaged food product sales have been weak due to the poor economic situation. Due to the increase in food ingredient prices during the COVID-19 period, the profits of Chinese manufacturers remarkably increased, and they have further expanded their production capacity, leading to a fundamental change in the supply and demand structure. Prices of food ingredients such as high-flavour sweeteners have been falling from their highs in H1 2022, and by April 2025, they had dropped by 60%.
As a leading manufacturer and supplier of ingredients and chemicals in China, Sinofi struggles to provide high-value service for our clients. We will help our clients track price trends to help them make their purchasing decisions. Our price information database will be based on averaged ex-works prices in the market and will be updated monthly.