Albany, NY -- (ReleaseWire) -- 07/23/2014 -- 20The report titled “China Cooking Oil Market Prospects to 2018 - Upgrading Agro-Economic System to Forerun Market” presents a comprehensive analysis of the industry covering aspects including market size by volume sales, value and market segmentation by production, supply, consumption, retail sales of cooking oil. Additionally, market dynamics of soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil is covered extensively. The report also entails a detailed description on the recent trends and developments, imports &exports, persistent challenges in the market and the competitive scenario of major players in the industry along with their brand wise market shares.
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Globally, China is the world’s largest consumer of oilseeds and cooking oil. China cooking oil market has been affected by surging demand, government legislations and regulations, predominant challenges pertaining to agricultural practices and consumption, transition to increasing urbanization, price trends and distribution network. The market has registered a CAGR of 5.1% during the period MY’2009-MY’2013 by rising supply of cooking oils from thousand tons in MY’2009 to thousand tons in MY’2013. Soybean oil accounted for % of the total production output followed by rapeseed and peanut oil with 24.8% and % of the total crushed oilseeds respectively. During the period MY’2010 to MY’2013 the overall consumer expenditure on cooking oil has swelled at a CAGR of %, thereby heaving to total revenues of USD billion during this period.
China is one of the world's largest importers of oilseeds and cooking oil. The country imported thousand tons of oilseeds while thousand tons of cooking oil in MY’2013. The export of oilseeds in China was already at a very low level. Additionally the exports to other countries has dropped down at a plummeting CAGR of % during the period MY’2009-MY’2013. The government of China aspires to develop environmentally friendly market for sustainable palm oil. Moreover, to stimulate lagging production of major oilseeds such as soybean, the government executed a soybean oilseed production support program.
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