The revenue in the 'Oils & Fats' segment of the food market in China was forecast to continuously increase between 2024 and 2029 by in total 10.4 billion U.S. dollars (+50.88 percent). After the seventh consecutive increasing year, the revenue is estimated to reach 30.87 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Oils and Fats market covers all substances that are composed of fatty acids and used for cooking purposes or as an ingredient in many food products. These fats and oils can be obtained from plants or animals and are available in both liquid (oils) and solid (fats) form.
Structure:
The market consists of four different submarkets:
The Butter market covers all products that are defined as a high-fat milk product and contain a minimum of 80% fat. Its other ingredients are water, protein, and lactose.
The Margarine market covers all products that are made of vegetable oils and contains a minimum of 80% fat.
The Edible Oils market covers any type of oil that is extracted from plants and is used for cooking and food preparation.
The Other Oils & Fats market covers lard and other edible animal fats.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista Market Insights. (December 3, 2024). Revenue in the oils & fats segment of the food market China from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china
Statista Market Insights. "Revenue in the oils & fats segment of the food market China from 2019 to 2029 (in billion U.S. dollars)." Chart. December 3, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china
Statista Market Insights. (2024). Revenue in the oils & fats segment of the food market China from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china
Statista Market Insights. "Revenue in The Oils & Fats Segment of The Food Market China from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Dec 2024, https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china
Statista Market Insights, Revenue in the oils & fats segment of the food market China from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china (last visited December 23, 2024)
Revenue in the oils & fats segment of the food market China from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, December 3, 2024. [Online]. Available: https://www.statista.com/forecasts/1439131/revenue-oils-fats-food-market-china