Market development forecast of China’s end vegetable fat industry in 2019

According to the report on market forecast and investment strategy of China’s vegetable fat powder (2019 Edition) released by Limu information consulting, in recent years, with the continuous expansion of downstream application fields and market scale of vegetable fat powder products, the domestic vegetable fat powder industry has ushered in a period of vigorous development. Under this background, domestic vegetable fat powder manufacturers grow rapidly, and the formula technology, production level and production level of vegetable fat powder are growing rapidly The manufacturing capacity has been improved in an all-round way. With the advantages of high cost performance ratio, accurate understanding of downstream application fields, in-depth understanding of local flavor and rapid service to local market, domestic vegetable fat powder manufacturers have successfully occupied the leading position in the market, and the domestic vegetable fat powder market has gradually changed from import led to domestic dominated.

In 2012, the global final sales volume of vegetable fat was 2.167 million tons, which has increased to 2.748 million tons by 2017, with an average growth rate of more than 6.1%. In terms of consumption market distribution, the main global consumer markets in 2017 were in developed countries, among which the United States accounted for 32% of the global market share of vegetable fat powder, followed by Europe with a share of 21%. China’s vegetable fat consumption market maintained a high compound growth rate of 8%.

In 2018, China’s consumption of vegetable fat powder products was 576500 tons, and the export scale of domestic vegetable fat powder increased from 137500 tons in 2016 to 195900 tons in 2018, with a large increase.

In the next few years, the market space of milk tea, coffee, baking and cereal will provide an important driving force for the development of vegetable fat powder market. According to the forecast data of China food news, it is estimated that the demand of China’s vegetable fat powder will reach 768200 tons in 2023, and the compound growth rate from 2019 to 2023 will exceed 6%. Back to Sohu to see more