The edible oil is an essential consumer product for people, it is an important food that provides human body heat and essential fatty acids and promotes absorption of fat-soluble vitamins.With the rapid development of China’s economy and the significant increase in people’s living standards, people’s demands for quality of edible oil have been continuously improved.The gradual opening of the grain and oil market has also made the development of the edible oil industry more dynamic and has become China's sunrise industry, with a promising market.
After years of development, China's edible oil industry has made considerable progress, industrial production value to maintain a steady growth trend of the year.According to statistics, in 2016, China's edible oil industry to achieve industrial output value of 82.385 billion yuan, an increase of 6.96% year-on-year, sales scale reached 78.462 billion yuan.With the rapid increase in the quantity of domestic grease oil and imported oil , China’s residents’ edible oil supply and per capita annual growth have increased rapidly.The per capita annual consumption of residents in China has increased from 7.7 kg in 1996 to 24.80 kg in 2016, which has exceeded the world average.
With the increase of population, the improvement of living standard and the speeding up of urbanization, the consumption demand of edible oil in China will continue to maintain a rigid growth trend.In 2010, China’s per capita GDP exceeded 4000 U.S. dollars, indicating that China is fully entering a well-off society.It is estimated that the annual consumption of edible oil will exceed 25 kg per capita in 2022, and the total consumer demand will reach 38.3147 million tons.With the steady and rapid development of national economy and the rapid increase of urban and rural residents ' income, people's living standard will be further improved.This means that during the “Thirteenth Five-Year Plan” period, China’s demand for grain and oil consumption is bound to show a rigid growth, it also means that during the “Thirteenth Five-Year Plan” period, China’s grain and oil processing industry will be further developed.
At the same time, the production of special oils represented by oilseeds in China will develop rapidly in the next five years, and special oil resources will be developed and utilized.In order to meet the needs of China's food industry, in the future, special oils such as frying oil, shortening, and cold oil for different purposes will also develop rapidly.
It can be expected that in a stable market situation,the edible oil market will further utilize the oil products, as the same time give full play to the role of other oil products, especially the special oil products. According to the characteristics of different oil products,scientifically matched to produce nutritious and healthy edible oils with different functional propertie.
Post time: Apr-13-2017