Industry Analysis & Industry Trends
The Edible Vegetable Oil Processing industry in China expanded rapidly in recent years, mainly due to increased industry capacity and high levels of domestic demand. Industry production and revenue grew rapidly in 2007 and 2008. This performance largely resulted from increased output and higher domestic and foreign raw material prices, which pushed final prices higher.
Increased merger activity has increased industry concentration levels. Large local and foreign firms are expected to continue to expand their production capacity either by consolidating and acquiring other significant or poorly managed enterprises, or by expanding their own current capacity.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Edible Vegetable Oil Processing industry has a low concentration level. The top four enterprises are forecast to account for about 29% of total industry revenue in 2011. In 2008, Yihai Kerry and COFCO gained larger market shares and ACMR-IBISWorld estimates that the industry concentration level will increase further in the future as the industry's large firms carry out merger and acquisition activities and expand their production capacity.
In March 2006, COFCO merged with China Grains and Oils Group Corporation and became the largest oil and fat holding group in China with a daily oilseeds processing capacity of 30,000 tons, which accounted for about 12% of the industry's total capacity... purchase to read more