The edible vegetable oils consumed in China are mainly soybean oil, palm oil, rapeseed oil and peanut oil which account for approximately 90% of the total consumption. Rapeseed oil and soybean oil are most popular among Chinese residents while minor oils such as olive oil, corn oil and sunflower seed oil are becoming more acceptable with the improvement in health consciousness and consumption trend. Households and the catering industry are the major consumers of rapeseed oil and soybean oil while the food industry prefers lower-priced palm oil to save costs.
Transnational enterprises such as Yihai Kerry have a competitive edge on China's edible vegetable oil market. There are also large-scale domestic edible oil processing enterprises such as Shandong Luhua Group Co., Ltd. and COFCO Corporation.
The cost of oil crops planting is high in China but the yield value is low. China is heavily import-dependent in the raw materials for edible vegetable oil processing. In addition, the domestic edible vegetable oil technology is limited to primary crushing, which leads to low added value of products and low overall profitability of the industry. As Chinese consumers require more in the health benefits and nutritional value of edible oils, high-end oils such as olive oil and sunflower seed oil are gaining market share, which brings about increasingly fierce competition to the industry. Top quality enterprises are accelerating brand building and sales network distribution, which makes it more difficult for new enterprises to enter the industry. There is an excess supply of edible vegetable oils in China with the expanding production capacity of domestic oil processing enterprises. It is expected that there will be no sharp price increase in the future.
Overall, the bulk vegetable oil industry is less profitable and even loss-making due to the serious overcapacity and intense market competition while minor oils such as olive oil and corn oil have a huge growth potential. The structure of vegetable oil consumption is being adjusted with an increasing demand for customized, high-quality and wholesome vegetable oils.
Topics Covered:
- Development environment of China's edible vegetable oil industry
- Analysis on supply of and demand for edible vegetable oils in China
- Analysis on the competition in China's edible vegetable oil industry
- Major edible vegetable oil processing enterprises in China
- Factors influencing the development of China's edible vegetable oil industry
- Forecast on the supply of and demand for edible vegetable oils in China, 2018-2022
Table of Contents
Samples
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Companies Mentioned
- Yihai Kerry Investments Co., Ltd.
- Shandong Luhua Group Co., Ltd.
- COFCO Corporation
- Standard Foods
- Shanghai Liangyou Haishi Oils & Fats Industry Co., Ltd.
- Shandong Sanxing Corn Industry Technology Co., Ltd.
- Shandong Xiwang Food Co., Ltd.
- Sinograin Oils Corporation
- Jiusan Oils & Grains Industries Group Co., Ltd.
- Shandong Bohi Industry Co., Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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