Cooking Oil Production in China - Industry Market Research Report

Cooking Oil Production in China - Industry Market Research Report

Cooking Oil Production in China

The Cooking Oil Production industry in China has grown its revenue rapidly over the past five years, mainly due to increased industry capacity and high domestic demand. As the country has changed its economic focus from exports to domestic demand and increased living standards, cooking oil consumption in China is expected to maintain a strong growth trend over the period. ACMR-IBISWorld expects industry revenue to total $346.4 billion in 2023, up 4.9% for the year. Over the five years through 2023, revenue has grown at an annualized 5.8%. The growing costs of labor and purchases have reduced industry profitability to account for 3.6% of revenue in 2023.

The Cooking Oil Production industry in China manufactures cooking oil from a wide variety of edible oil plants. Industry products include soybean oil, rapeseed oil, palm oil, peanut oil, cottonseed oil and other edible oils.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.