China Edible Oil And Fats Market Size & Outlook, 2022-2030
China edible oil and fats market, 2017-2030 (US$M)
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China edible oil and fats market highlights
- The China edible oil and fats market generated a revenue of USD 36,376.2 million in 2022 and is expected to reach USD 65,977.1 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 36,376.2 million |
| Market revenue in 2030 | USD 65,977.1 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, China accounted for 7.8% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 29,967.6 million by 2030.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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China edible oil and fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to edible oil and fats market will help companies and investors design strategic landscapes.
Edible oil was the largest segment with a revenue share of 75.38% in 2022. Horizon Databook has segmented the China edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The patterns of edible oil & fats production and consumption in China have changed in the past few years. Earlier, the majority of families would purchase pork, reduce the fat into lard, and then use the lard in their cookery.
Even if edible oil was available, it was frequently raw and unpackaged. However, in the past few years, this situation has radically transformed. People have gradually shifted towards the consumption of packaged, refined vegetable oil, which is considered to be a healthier option.
Increased urbanization, higher living standards, and concerns about food safety are just a few of the factors that have led to this change in cooking oil and fat preferences. The market for vegetable oil in China is large.
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Target buyers of China edible oil and fats market databook
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into China edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China edible oil and fats market size, by product, 2017-2030 (US$M)
China Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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