The forecast for the Soybean Oil market in China shows a consistent increase in consumption per capita from 2024 to 2028, with values rising from 2.84 kg per capita in 2024 to 2.97 kg per capita in 2028. In 2023, the market stood at 2.80 kg per capita. The year-on-year variations indicate a stable growth pattern: 1.41% from 2024 to 2025, 1.04% from 2025 to 2026, 1.03% from 2026 to 2027, and 1.02% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.22%.
Future trends to watch for include potential shifts in dietary patterns, government policies impacting agricultural production, and global market dynamics affecting soybean oil supplies and prices. Moreover, advancements in agricultural technology and changes in consumer preferences towards healthier oils could also influence future consumption patterns.
