The Market value (retail sales value) of Oils Industry in China attained a value of USD 37,064.99 Millions in 2020
The Industry recorded a historical growth (CAGR) of 8.95% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The oil industry in China recorded a high single-digit YoY growth in 2020, and a high single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Wilmar International Ltd, COFCO Group, Shandong Luhua Group Co Ltd, China Corn Oil Co Ltd, and Xiwang Foodstuffs Co Ltd held the top five leading market positions in the oil industry in China. The top two players, Wilmar International Ltd, and COFCO Group held a significant market share in the oil market in China in 2020.
Arawana, Fortune, Luhua, Gold Ingots, and Longevity Flower were the leading brands in the oil industry.
Oil products include all types of cooking oil, e.g., olive oil, sunflower oil, palm oil, and corn oil etc.
Wilmar International Ltd leads the oil industry in China in 2020
Wilmar International Ltd was the leading company (by value) in the Chinese oil market in 2020. Arawana, Gold Ingots, Orchid, Liyu, and Olivoilá are some of the prominent brands selling oil products in China under the trademark of Wilmar International Ltd. Among the brands, Arawana contributed maximum sales by value.
COFCO Group ranked second in the oil industry in China
COFCO Group was the second largest company (by value) in the Chinese oil market in 2020. Fortune Brand, one of the prominent brands selling oil items in China, operates under the trademark of COFCO Group.
The other leading market positions in the oil market in China were held by Shandong Luhua Group Co.,Ltd., China Corn Oil Co Ltd, and Xiwang Foodstuffs Co Ltd
Shandong Luhua Group Co.,Ltd., China Corn Oil Co Ltd, and Xiwang Foodstuffs Co Ltd were among some of the other prominent companies in the Chinese oil market, owning flagship brands Luhua, Longevity Flower, and Xiwang, respectively, selling oil products.
Market Fragmentation: The top two market players accounted for more than a half of the oil market (by value) in China in 2020
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