The domestic consumption of peanut oil in China is forecasted to steadily increase from 3.55 million metric tons in 2024 to 3.8 million metric tons in 2028. Compared to 2023, where the consumption stood at 3.49 million metric tons, the 2024 consumption represents a modest year-on-year increase of 1.72%. Looking over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 1.71%.

Future trends to watch for in the Chinese peanut oil market include:

Potential shifts in dietary preferences, especially towards healthier oils.
Impact of changing agricultural policies on peanut oil production and availability.
Economic factors that may influence consumer purchasing power and consumption patterns.