The domestic food consumption of peanut oil in China in 2023 stood at an estimated 3.48 million metric tons. Forecasted data indicates a steady increase in consumption: 3.54 in 2024, 3.6 in 2025, 3.65 in 2026, 3.7 in 2027, and 3.76 in 2028 million metric tons. Year-on-year growth rates are modest, reflecting a stable demand with slight annual increases. From 2024 to 2028, the compounded average growth rate (CAGR) is observed as a small yet consistent upward trajectory.
Future trends to watch include potential changes in dietary preferences, shifts towards healthier oils, and policy impacts on agricultural production and import-export dynamics that could influence domestic consumption patterns of peanut oil in China.
