In 2023, the olive oil fat supply quantity per capita in China was 0.09 grams per day. According to forecasted data from 2024 to 2028, the consumption remains constant at 0.09 grams per capita per day, indicating no year-on-year variation over the 5-year period. As a result, the compound annual growth rate (CAGR) remains zero, signifying stability in consumption levels.
Future trends to watch for include:
- Potential increase in health consciousness among Chinese consumers, possibly leading to higher olive oil consumption.
- Market penetration strategies by international olive oil producers targeting urban Chinese markets.
- Economic factors that might affect disposable income and shifts in dietary habits towards Mediterranean influences.