The Future of the Oils & Fats Market in China, to 2016

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Synopsis The Future of the Oils and Fats Market in China, to 2016 is the result of Canadean’s extensive market research. The report presents detailed analysis on the Oils and Fats consumption trends in China, historic and forecast Oils and Fats consumption volumes and values at market and category level, brand share and distribution channel data. This report brings together Canadean Intelligence's research, modeling and analysis expertise in order to develop uniquely detailed market data. This allows domestic and foreign companies to identify the market dynamics to account for Oils and Fats sales overall and to know which categories and segments are showing growth in the coming years Summary Why was the report written? • This report provides authoritative and granular data on the Oils and Fats market in China and, in doing so fills the gaps in marketers’ understanding of trends and the components of change behind them • Based upon extensive primary and secondary research to provide comprehensive and granular data, this report allows marketers to confidently update their strategic and tactical plans • Marketers need data on volume and value changes, brand dynamics and distribution trends in order to effectively plan strategies What are the key drivers behind recent market changes? Consumers have been reacting to the effects of the global recession including the following recovery period on their discretionary spending and consumer markets have been no exception. While the country by country market changes have varied, no country has been left totally untouched.This report examines the components of change in the market by looking at historic and future growth patterns including the effects of consumers’ behavior on total volumes, values, brands selected and types of product chosen. What makes this report unique and essential to read? The report provides the latest, detailed data on dynamics in the Chinese Oils and Fats market, providing marketers wi

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							                           OILS & FATS
                           Industry Forecast Report




The Future of the Oils & Fats
Market in China, to 2016
Reference code: CS0177MR

Published: April 2012




                                www.canadean.com
 TABLE OF CONTENTS


TABLE OF CONTENTS

1         Introduction ....................................................................................................................... 8
1.1       What is this Report About? ............................................................................................................. 8
1.2       Definitions....................................................................................................................................... 8
1.2.1     This report provides 2011 actual sales; while forecasts are provided for 2012 – 2016. .................................... 8
1.2.2     Volume Units and Aggregations......................................................................................................................... 8
1.2.3     Introduction......................................................................................................................................................... 8
1.2.4     Large scale, international, program of online consumer surveys ...................................................................... 9
1.2.5     Nationally Representative results (age, gender) ................................................................................................ 9
1.2.6     Parents answered on their children’s behalf ...................................................................................................... 9
1.2.7     Legal Drinking Age exclusions for alcoholic drinks categories .......................................................................... 9
1.2.8     Integrated with industry calling and secondary research ................................................................................. 10
2         China Oils & Fats Market Overview ............................................................................... 11
2.1       China Oils & Fats Market Analysis by Volume ...............................................................................11
2.1.1     Overall Oils & Fats Consumption, 2006–16 ..................................................................................................... 11
2.1.2     Per-capita Oils & Fats consumption, 2006–16................................................................................................. 12
2.1.3     Oils & Fats Market Growth Dynamics, by Volume ........................................................................................... 13
2.1.4     Oils & Fats Consumption by Category, 2006–16 ............................................................................................. 14
2.1.5     Oils & Fats Consumption – Trends and Forecasts .......................................................................................... 15
2.2       Oils & Fats Market Analysis by Value ............................................................................................16
2.2.1     Overall Oils & Fats Market Value, 2006–16 ..................................................................................................... 16
2.2.2     Oils & Fats Market Growth Dynamics, by Value .............................................................................................. 17
2.2.3     Oils & Fats Market Value by Category, 2006–16 ............................................................................................. 18
2.2.4     Oils & Fats Market Value - Trends and Forecasts, 2006 Vs. 2011 Vs. 2016 .................................................. 20
3         China Oils Market Analysis ............................................................................................ 21
3.1       Market Growth Dynamics-Oils, 2006–16........................................................................................21
3.1.1     Oils Market Growth Dynamics by Volume, 2006–16 ....................................................................................... 21
3.1.2     Oils Market Growth Dynamics by Value, 2006–16, ......................................................................................... 22
3.2       Oils Consumption Analysis, 2006–16 ............................................................................................23
3.2.1     Oils Market by Volume, 2006–16 ..................................................................................................................... 23
3.2.2     Oils Consumption by Segments, 2006–16 ....................................................................................................... 24
3.3       Oils Market Value Analysis, 2006–16 ............................................................................................26
3.3.1     Oils Market by Value, 2006–16 ........................................................................................................................ 26
3.3.2     Average Consumer Price/ Kg - Oils, 2006–16 ................................................................................................. 27
3.3.3     Oils Market Value by Segments, 2006–16 ....................................................................................................... 28
3.4       Cooking Sprays Market Analysis, 2006–16....................................................................................30
3.4.1     Cooking Sprays Market by Volume, 2006–16 .................................................................................................. 30
3.4.2     Cooking Sprays Market by Value, 2006–16 ..................................................................................................... 31


The Future of the Oils & Fats Market in China, to 2016                                                                                                                   Page 2

© Canadean. This product is licensed and is not to be photocopied                                                                                       Published: April 2012
 TABLE OF CONTENTS


3.5       Corn Oil Market Analysis, 2006–16................................................................................................32
3.5.1     Corn Oil Market by Volume, 2006–16 .............................................................................................................. 32
3.5.2     Corn Oil Market by Value, 2006–16 ................................................................................................................. 33
3.6       Olive Oil Market Analysis, 2006–16 ...............................................................................................34
3.6.1     Olive Oil Market by Volume, 2006–16 ............................................................................................................. 34
3.6.2     Olive Oil Market by Value, 2006–16 ................................................................................................................ 35
3.7       Other Edible Oils Market Analysis, 2006–16 ..................................................................................36
3.7.1     Other Edible Oils Market by Volume, 2006–16 ................................................................................................ 36
3.7.2     Other Edible Oils Market by Value, 2006–16 ................................................................................................... 37
3.8       Sunflower Oil Market Analysis, 2006–16........................................................................................38
3.8.1     Sunflower Oil Market by Volume, 2006–16 ...................................................................................................... 38
3.8.2     Sunflower Oil Market by Value, 2006–16 ......................................................................................................... 39
3.9       Vegetable Oil Market Analysis, 2006–16 .......................................................................................40
3.9.1     Vegetable Oil Market by Volume, 2006–16 ..................................................................................................... 40
3.9.2     Vegetable Oil Market by Value, 2006–16 ........................................................................................................ 41
3.10      Oils Market Volume Analysis by Brands, 2008-11 .........................................................................42
3.11      Oils Market Value by Distribution Channel, 2008-11 ......................................................................43
4         China Solid Fats Market Analysis .................................................................................. 45
4.1       Market Growth Dynamics- Solid Fats, 2006–16 .............................................................................45
4.1.1     Solid Fats Market Growth Dynamics by Volume, 2006–16 ............................................................................. 45
4.1.2     Solid Fats Market Growth Dynamics by Value, 2006–16 ................................................................................ 46
4.2       Solid Fats Consumption Analysis, 2006–16 ...................................................................................47
4.2.1     Solid Fats Market by Volume, 2006–16 ........................................................................................................... 47
4.2.2     Solid Fats Consumption by Segments, 2006–16 ............................................................................................. 48
4.3       Solid Fats Market Value Analysis, 2006–16 ...................................................................................50
4.3.1     Solid Fats Market by Value, 2006–16 .............................................................................................................. 50
4.3.2     Average Consumer Price/ Kg – Other Oils & Fats, 2006–16 ........................................................................... 51
4.3.3     Solid Fats Market Value by Segments, 2006–16 ............................................................................................. 52
4.4       Ghee Market Analysis, 2006–16 ....................................................................................................54
4.4.1     Ghee Market by Volume, 2006–16 .................................................................................................................. 54
4.4.2     Ghee Market by Value, 2006–16 ..................................................................................................................... 55
4.5       Compound Cooking Fats (CCF) Market Analysis, 2006–16 ...........................................................56
4.5.1     Compound Cooking Fats (CCF) Market by Volume, 2006–16 ........................................................................ 56
4.5.2     Compound Cooking Fats (CCF) Market by Value, 2006–16 ........................................................................... 57
4.6       Lard Market Analysis, 2006–16 .....................................................................................................58
4.6.1     Lard Market by Volume, 2006–16 .................................................................................................................... 58
4.6.2     Lard Market by Value, 2006–16 ....................................................................................................................... 59
4.7       Other Solid Fats Market Analysis, 2006–16 ...................................................................................60



The Future of the Oils & Fats Market in China, to 2016                                                                                                    Page 3

© Canadean. This product is licensed and is not to be photocopied                                                                          Published: April 2012
 TABLE OF CONTENTS


4.7.1     Other Solid Fats Market by Volume, 2006–16 ................................................................................................. 60
4.7.2     Other Solid Fats Market by Value, 2006–16 .................................................................................................... 61
4.8       Shortening Market Analysis, 2006–16 ...........................................................................................62
4.8.1     Shortening Market by Volume, 2006–16 .......................................................................................................... 62
4.8.2     Shortening Market by Value, 2006–16 ............................................................................................................. 63
4.9       Solid Fats Market Value by Distribution Channel, 2008-11 ............................................................64
5         Methodology .................................................................................................................... 66
5.1       About Canadean............................................................................................................................66
5.2       Disclaimer......................................................................................................................................66




The Future of the Oils & Fats Market in China, to 2016                                                                                                 Page 4

© Canadean. This product is licensed and is not to be photocopied                                                                       Published: April 2012
  TABLE OF CONTENTS


LIST OF FIGURES

Figure 1: Consumer Panel Report Methodology ................................................................................................................................................. 10
Figure 2: China Oils & Fats Consumption (Kg m) and Growth (Y-o-Y), 2006–16 ................................................................................................ 11
Figure 3: China Per-capita Oils & Fats Consumption (Kg/head & Y-o-Y growth), 2006–16 ................................................................................. 12
Figure 4: China Oils & Fats Market Dynamics, by Category, by Volume 2006–16 .............................................................................................. 13
Figure 5: China Oils & Fats Consumption (Kg m) by Category, 2006–16 ............................................................................................................ 14
Figure 6: China Oils & Fats Consumption by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016 ............................................................. 15
Figure 7: China Oils & Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16 ............................................................................................. 16
Figure 8: China Oils & Fats Market Dynamics, by Category, by Market Value ,2006–16 ..................................................................................... 17
Figure 9: China Oils & Fats Market Value (CNY m) by Category, 2006–16 ......................................................................................................... 18
Figure 10: China Oils & Fats Market Value (CNY m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016............................................. 20
Figure 11: China Oils Market Growth Dynamics by Volume (Kg m) ,2006–16 ..................................................................................................... 21
Figure 12: Oils Market Growth Dynamics by Value (CNY m), 2006–16 ............................................................................................................... 22
Figure 13: China Oils Market Volume (Kg m) and Growth (Y-o-Y), 2006–16 ....................................................................................................... 23
Figure 14: China Oils Consumption (Kg m) by Segments, 2006–16.................................................................................................................... 24
Figure 15: China Oils Market Value (CNY m) and Growth (Y-o-Y), 2006–16 ...................................................................................................... 26
Figure 16: China Oils Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16 ........................................................................................ 27
Figure 17: China Oils Market Value (CNY m) by Segments, 2006–16 ................................................................................................................ 28
Figure 18: China Cooking Sprays Market by Volume (Kg m), 2006–16 ............................................................................................................... 30
Figure 19: China Cooking Sprays Market by Value (CNY m), 2006–16 .............................................................................................................. 31
Figure 20: China Corn Oil Market by Volume (Kg m), 2006–16........................................................................................................................... 32
Figure 21: China Corn Oil Market by Value (CNY m), 2006–16 .......................................................................................................................... 33
Figure 22: China Olive Oil Market by Volume (Kg m), 2006–16 .......................................................................................................................... 34
Figure 23: China Olive Oil Market by Value (CNY m), 2006–16 .......................................................................................................................... 35
Figure 24: China Other Edible Oils Market by Volume (Kg m), 2006–16 ............................................................................................................. 36
Figure 25: China Other Edible Oils Market by Value (CNY m), 2006–16 ............................................................................................................. 37
Figure 26: China Sunflower Oil Market by Volume (Kg m), 2006–16................................................................................................................... 38
Figure 27: China Sunflower Oil Market by Value (CNY m), 2006–16 .................................................................................................................. 39
Figure 28: China Vegetable Oil Market by Volume (Kg m), 2006–16 .................................................................................................................. 40
Figure 29: China Vegetable Oil Market by Value (CNY m), 2006–16 .................................................................................................................. 41
Figure 30: China Oils Market Volume by Brands (Kg m), 2008-11 ...................................................................................................................... 42
Figure 31: China Oils Market Value by Distribution Channel (CNY m), 2008-11 ................................................................................................. 43
Figure 32: Solid Fats Market Growth Dynamics by Volume (Kg m), 2006–16 ..................................................................................................... 45
Figure 33: China Solid Fats Market Growth Dynamics by Value (CNY m), 2006–16 ........................................................................................... 46
Figure 34: China Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2006–16 ............................................................................................. 47
Figure 35: China Solid Fats Consumption (Kg m) by Segments, 2006–16 .......................................................................................................... 48
Figure 36: China Solid Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16 ............................................................................................. 50
Figure 37: China Solid Fats Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16 .............................................................................. 51
Figure 38: China Solid Fats Market Value (CNY m) by Segments, 2006–16 ....................................................................................................... 52
Figure 39: China Ghee Market by Volume (Kg m), 2006–16 ............................................................................................................................... 54
Figure 40: China Ghee Market by Value (CNY m), 2006–16 ............................................................................................................................... 55
Figure 41: China Compound Cooking Fats (CCF) Market by Volume (Kg m), 2006–16 ...................................................................................... 56
Figure 42: China Compound Cooking Fats (CCF) Market by Value (CNY m), 2006–16 ...................................................................................... 57
Figure 43: China Lard Market by Volume (Kg m), 2006–16 ................................................................................................................................ 58
Figure 44: China Lard Market by Value (CNY m), 2006–16 ................................................................................................................................ 59
Figure 45: China Other Solid Fats Market by Volume (Kg m), 2006–16 .............................................................................................................. 60
Figure 46: China Other Solid Fats Market by Value (CNY m), 2006–16 .............................................................................................................. 61
Figure 47: China Shortening Market by Volume (Kg m), 2006–16 ...................................................................................................................... 62
Figure 48: China Shortening Market by Value (CNY m), 2006–16 ...................................................................................................................... 63
Figure 49: China Solid Fats Market Value by Distribution Channel (CNY m), 2008-11 ........................................................................................ 64




The Future of the Oils & Fats Market in China, to 2016                                                                                                                                    Page 5

© Canadean. This product is licensed and is not to be photocopied                                                                                                      Published: April 2012
  TABLE OF CONTENTS


LIST OF TABLES

Table 1: Volume Units for the Oils & Fats Market ................................................................................................................................................. 8
Table 2: China Oils & Fats Consumption (Kg m) and Growth (Y-o-Y), 2006–16.................................................................................................. 11
Table 3: China Per-capita Oils & Fats Consumption (Kg/head & Y-o-Y growth), 2006–16 .................................................................................. 12
Table 4: China Oils & Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by Category, by
Volume (Kg m) ................................................................................................................................................................................................... 13
Table 5: China Oils & Fats Consumption (Kg m) by Category, 2006-11 .............................................................................................................. 14
Table 6: China Oils & Fats Consumption (Kg m) by Category, 2011–16 ............................................................................................................. 14
Table 7: China Oils & Fats Consumption by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016 .............................................................. 15
Table 8: China Oils & Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16 .............................................................................................. 16
Table 9: China Oils & Fats Market Value (USD m) and Growth (Y-o-Y), 2006–16 .............................................................................................. 16
Table 10: China Oils & Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by category, by
Value (CNY m) ................................................................................................................................................................................................... 17
Table 11: China Oils & Fats Market Value (CNY m) by Category, 2006-11 ......................................................................................................... 18
Table 12: China Oils & Fats Market Value (CNY m) by Category, 2011–16 ........................................................................................................ 18
Table 13: China Oils & Fats Market Value (USD m) by Category, 2006-11 ......................................................................................................... 19
Table 14: China Oils & Fats Market Value (USD m) by Category, 2011–16 ........................................................................................................ 19
Table 15: China Oils & Fats Market Value (CNY m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016 .............................................. 20
Table 16: China Oils & Fats Market Value (USD m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016 .............................................. 20
Table 17: China Oils Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by Volume (Kg m), by
Segments ........................................................................................................................................................................................................... 21
Table 18: China Oils Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by Value (CNY m), by
Segments ........................................................................................................................................................................................................... 22
Table 19: China Oils Market Volume (Kg m) and Growth (Y-o-Y), 2006–16 ........................................................................................................ 23
Table 20: China Oils Consumption (Kg m) by Segments, 2006-11...................................................................................................................... 25
Table 21: China Oils Consumption (Kg m) by Segments, 2011–16 ..................................................................................................................... 25
Table 22: China Oils Market Value (CNY m) and Growth (Y-o-Y), 2006–16 ........................................................................................................ 26
Table 23: China Oils Market Value (USD m) and Growth (Y-o-Y), 2006–16 ........................................................................................................ 26
Table 24: China Oils Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16 ......................................................................................... 27
Table 25: China Oils Market Value (CNY m) by Segments, 2006-11 .................................................................................................................. 28
Table 26: China Oils Market Value (CNY m) by Segments, 2011–16.................................................................................................................. 29
Table 27: China Oils Market Value (USD m) by Segments, 2006-11 .................................................................................................................. 29
Table 28: China Oils Market Value (USD m) by Segments, 2011–16.................................................................................................................. 29
Table 29: China Cooking Sprays Market by Volume (Kg m), 2006–16 ................................................................................................................ 30
Table 30: China Cooking Sprays Market by Value (CNY m), 2006–16 ................................................................................................................ 31
Table 31: China Cooking Sprays Market by Value (USD m), 2006–16 ................................................................................................................ 31
Table 32: China Corn Oil Market by Volume (Kg m), 2006–16 ............................................................................................................................ 32
Table 33: China Corn Oil Market by Value (CNY m), 2006–16............................................................................................................................ 33
Table 34: China Corn Oil Market by Value (USD m), 2006–16............................................................................................................................ 33
Table 35: China Olive Oil Market by Volume (Kg m), 2006–16 ........................................................................................................................... 34
Table 36: China Olive Oil Market by Value (CNY m), 2006–16 ........................................................................................................................... 35
Table 37: China Olive Oil Market by Value (USD m), 2006–16 ........................................................................................................................... 35
Table 38: China Other Edible Oils Market by Volume (Kg m), 2006–16 .............................................................................................................. 36
Table 39: China Other Edible Oils Market by Value (CNY m), 2006–16 .............................................................................................................. 37
Table 40: China Other Edible Oils Market by Value (USD m), 2006–16 .............................................................................................................. 37
Table 41: China Sunflower Oil Market by Volume (Kg m), 2006–16 .................................................................................................................... 38
Table 42: China Sunflower Oil Market by Value (CNY m), 2006–16.................................................................................................................... 39
Table 43: China Sunflower Oil Market by Value (USD m), 2006–16.................................................................................................................... 39
Table 44: China Vegetable Oil Market by Volume (Kg m), 2006–16.................................................................................................................... 40
Table 45: China Vegetable Oil Market by Value (CNY m), 2006–16 ................................................................................................................... 41
Table 46: China Vegetable Oil Market by Value (USD m), 2006–16 ................................................................................................................... 41
Table 47: China Oils Market Volume by Brands (Kg m), 2008-11 ....................................................................................................................... 42
Table 48: China Oils Market Value by Distribution Channel (CNY m), 2008-11................................................................................................... 44
Table 49: China Oils Market Value by Distribution Channel (USD m), 2008-11................................................................................................... 44
Table 50: China Solid Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by Volume (Kg
m), by Segments ................................................................................................................................................................................................ 45
Table 51: China Solid Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future market size (2016), by Value (CNY
m), by Segments ................................................................................................................................................................................................ 46
Table 52: China Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2006–16 .............................................................................................. 47


The Future of the Oils & Fats Market in China, to 2016                                                                                                                                                          Page 6

© Canadean. This product is licensed and is not to be photocopied                                                                                                                           Published: April 2012
 TABLE OF CONTENTS

Table 53: China Solid Fats Consumption (Kg m) by Segments, 2006-11 ............................................................................................................ 48
Table 54: China Solid Fats Consumption (Kg m) by Segments, 2011–16 ........................................................................................................... 49
Table 55: China Solid Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16 .............................................................................................. 50
Table 56: China Solid Fats Market Value (USD m) and Growth (Y-o-Y), 2006–16 .............................................................................................. 50
Table 57: China Solid Fats Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16 ............................................................................... 51
Table 58: China Solid Fats Market Value (CNY m) by Segments, 2006-11 ......................................................................................................... 52
Table 59: China Solid Fats Market Value (CNY m) by Segments, 2011–16 ........................................................................................................ 53
Table 60: China Solid Fats Market Value (USD m) by Segments, 2006-11 ......................................................................................................... 53
Table 61: China Solid Fats Market Value (USD m) by Segments, 2011–16 ........................................................................................................ 53
Table 62: China Ghee Market by Volume (Kg m), 2006–16 ................................................................................................................................ 54
Table 63: China Ghee Market by Value (CNY m), 2006–16 ................................................................................................................................ 55
Table 64: China Ghee Market by Value (USD m), 2006–16 ................................................................................................................................ 55
Table 65: China Compound Cooking Fats (CCF) Market by Volume (Kg m), 2006–16 ....................................................................................... 56
Table 66: China Compound Cooking Fats (CCF) Market by Value (CNY m), 2006–16 ....................................................................................... 57
Table 67: China Compound Cooking Fats (CCF) Market by Value (USD m), 2006–16 ....................................................................................... 57
Table 68: China Lard Market by Volume (Kg m), 2006–16.................................................................................................................................. 58
Table 69: China Lard Market by Value (CNY m), 2006–16 ................................................................................................................................. 59
Table 70: China Lard Market by Value (USD m), 2006–16 ................................................................................................................................. 59
Table 71: China Other Solid Fats Market by Volume (Kg m), 2006–16 ............................................................................................................... 60
Table 72: China Other Solid Fats Market by Value (CNY m), 2006–16 ............................................................................................................... 61
Table 73: China Other Solid Fats Market by Value (USD m), 2006–16 ............................................................................................................... 61
Table 74: China Shortening Market by Volume (Kg m), 2006–16........................................................................................................................ 62
Table 75: China Shortening Market by Value (CNY m), 2006–16 ....................................................................................................................... 63
Table 76: China Shortening Market by Value (USD m), 2006–16 ....................................................................................................................... 63
Table 77: China Solid Fats Market Value by Distribution Channel (CNY m), 2008-11 ......................................................................................... 65
Table 78: China Solid Fats Market Value by Distribution Channel (USD m), 2008-11 ......................................................................................... 65




The Future of the Oils & Fats Market in China, to 2016                                                                                                                              Page 7

© Canadean. This product is licensed and is not to be photocopied                                                                                                 Published: April 2012
      INTRODUCTION


1           Introduction
1.1         What is this Report About?
            This report is the result of Canadean’s extensive market research covering the Oils & Fats consumption in
            China. It provides detailed segmentation of historic and future Oils & Fats consumption, covering key
            categories and segments. It also includes an analysis of the macro business environment and drivers of the
            market in China.

            As such the report is an essential tool for companies active across the Oils & Fats industry and for new
            players considering entry into China’s Oils & Fats market.

1.2         Definitions
            All the data is collected in volume terms. Oils & Fats consumption refers to domestic consumption only and
            includes imports. Please note that rounding errors may occur.

1.2.1       This report provides 2011 actual sales; while forecasts are provided for 2012 – 2016.
1.2.2       Volume Units and Aggregations
            Where volume measurements are given the units of measurement presented in the table below are used. It
            should be noted that as volume units are sometimes mixed it is not always possible to provide an
            aggregation of volume units across product categories. In food categories this problem has been resolved by
            assuming that products sized in liters (e.g. liquid milk) have weights such that 1 liter = 1 kilogram.

            For this report the Oils & Fats market is segmented as follows:


            Table 1: Volume Units for the Oils & Fats Market
             Market                                                                           Units
             Oils & Fats                                                Oils                  Kg
                                                                        Solid Fats            Kg
            Source: Canadean                                                                                © Canadean



1.2.3       Introduction


            In order to create the data for all the reports in this series and ensure its robustness a comprehensive and
            empirically robust research methodology and approach has been taken. This combines both a large-scale
            program of industry research with the results of extensive primary industry interviewing and calling.
            Furthermore, all definitions are standardized across products and countries to ensure comparability.

            The two main research streams, the program of online consumer surveys and industry research, are brought
            together and because both sets of research processes have been designed in conjunction with each other
            they can be combined and consolidated into the final, integrated data sets.




    The Future of the Oils & Fats Market in China, to 2016                                                             Page 8

    © Canadean. This product is licensed and is not to be photocopied                                    Published: April 2012
    INTRODUCTION


           NB: for this particular series of Industry Forecast reports a particular emphasis has been placed on using
           the consumer surveys and its analysis to create category level data, with the industry research stream not
           only being used to cross-check these numbers, but also to develop more detailed value and volume data (at
           the segment level). Three interviews with industry experts were conducted in local languages for each
           category and country covered with the research program. In total over 4,000 category level responses were
           achieved across the 10 countries covered in this research program. The detailed results of the consumer
           survey are available in our Consumer Panel report series.

1.2.4      Large scale, international, program of online consumer surveys


           A major international consumer survey across ten countries was conducted and, in total, over 120,000
           survey responses were obtained (over 12,000 in each country covered). These surveys were all conducted
           online using strict quality criteria ensuring that only high quality results were achieved and that non-suitable
           candidates, such as those putting in random repeat patterns or those who “sped” through the survey, were
           excluded.

1.2.5      Nationally Representative results (age, gender)


           As part of the survey method stringent quotas for responses by category were set which ensured that the
           responses gained were in line with the age and gender profile of each country covered. Further statistical
           analysis of the results ensured that all results were then in exactly the same proportion with the age profile
           and gender profile of each country covered.

1.2.6      Parents answered on their children’s behalf


           In order to obtain results for minors, strict quotas (covering both the age groups for minors covered in the
           report) were set by country to obtain responses from parents (who will often account for bulk of CPG
           purchases for products which children eventually consume) about their eldest child’s consumption. These
           quotas again ensured results by age group are nationally representative. No minors were surveyed as part of
           this project and no parents were asked about any alcohol consumption by their children (see note below on
           legal drinking age matters).

1.2.7      Legal Drinking Age exclusions for alcoholic drinks categories


           For reports covering alcoholic drinks, this research and the findings presented relate solely to the
           consumption of alcohol by those of legal drinking age in each country covered. To ensure this, any
           respondent who was not of legal drinking age was automatically omitted by use of specific screening
           questions in the survey itself. Furthermore, cross checks made against ages provided and any indication that
           a respondent was not of legal drinking age led to their responses being omitted. Parents were never asked
           to answer on their children’s behalf for alcoholic drinks categories. It should also be noted that the online
           panels used to create the data do not include minors.




   The Future of the Oils & Fats Market in China, to 2016                                                                  Page 9

   © Canadean. This product is licensed and is not to be photocopied                                         Published: April 2012
    INTRODUCTION


1.2.8      Integrated with industry calling and secondary research


           All of the outputs and analysis of the results below are also combined with industry research, which includes
           a major program of interviewing leading industry executives for each category covered in each country, as
           well as extensive secondary research (covering sources such as trade bodies, investment community
           research and company research). For the 10 countries covered by the consumer survey over 4,000
           interviews were conducted – all with local country experts (typically brand, product and marketing managers
           for major brands with each country). These results provide a detailed check and cross-reference for the
           analysis of the consumer survey results. Both of these research streams used common frameworks and
           were specifically designed to allow consolidation of the final results through top-down and bottom-up data
           analysis and checks into a data set which fully integrates consumer behavior, associated spending and
           volume consumption with total market values and volumes.


           Figure 1: Consumer Panel Report Methodology

                         Over 120,000 consumer survey responses                                      Over 4,000 industry executive interviews
                               Nat. Rep by age and gender                                             (f)or consumer survey countries, more
                                                                                                               conducted elsewhere)

                                  Consumer Survey Stream                                                     Industry Research Stream

                                     Consumer Trends
                             1.         Frameworks                                                      A.      In-house Databases
                                    Unique Survey Design


                                                                                                               Updated with Detailed
                             2. Online Consumer Survey                                                  B.     Secondary Research
                                                                                     Top-Down                                 Draft Data
                                                                                    Cross-Checks
                                      SQL Based Data
                             3.    Processing & Modelling
                                                                                     DATA               C.     Telephone Interviews
                                                                                 FINALIZATION                 with Leading Executives
                                          Engine
                                                                                     Bottom-Up
                                                                                    Data Creation



                                                  Update of input factors if required



                                                                             Publication Processes


           Source: Canadean                                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                               Page 10

   © Canadean. This product is licensed and is not to be photocopied                                                                       Published: April 2012
      CHINA OILS & FATS MARKET OVERVIEW



2           China Oils & Fats Market Overview
2.1         China Oils & Fats Market Analysis by Volume
2.1.1       Overall Oils & Fats Consumption, 2006–16

            Figure 2: China Oils & Fats Consumption (Kg m) and Growth (Y-o-Y), 2006–16

                                                   10,000.0                                                                                                     7.0%
                  Oils & Fats Consumption (kg m)




                                                    9,000.0
                                                                                                                                                                6.0%
                                                    8,000.0

                                                    7,000.0                                                                                                     5.0%




                                                                                                                                                                         Growth % (Y-O-Y)
                                                    6,000.0
                                                                                                                                                                4.0%
                                                    5,000.0
                                                                                                                                                                3.0%
                                                    4,000.0

                                                    3,000.0                                                                                                     2.0%
                                                    2,000.0
                                                                                                                                                                1.0%
                                                    1,000.0

                                                        0.0                                                                                                     0.0%
                                                               2006      2007     2008     2009    2010      2011    2012     2013    2014      2015   2016

                                                                                           Consumption              Y-o-Y Growth %


            Source: Canadean                                                                                                                                  © Canadean



            Table 2: China Oils & Fats Consumption (Kg m) and Growth (Y-o-Y), 2006–16
                                                       2006      2007           2008       2009      2010        2011         2012      2013       2014       2015           2016
             Overall
             Volume                                  5,273.0   5,570.7     5,882.8       6,166.0   6,474.7     6,778.1      7,128.3   7,514.4    7,944.8   8,422.2     8,977.6
             Y-o-Y
             growth                                              5.6%           5.6%       4.8%      5.0%        4.7%         5.2%      5.4%       5.7%       6.0%          6.6%
            Source: Canadean                                                                                                                                  © Canadean




    The Future of the Oils & Fats Market in China, to 2016                                                                                                              Page 11

    © Canadean. This product is licensed and is not to be photocopied                                                                                      Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.1.2      Per-capita Oils & Fats consumption, 2006–16

           Figure 3: China Per-capita Oils & Fats Consumption (Kg/head & Y-o-Y growth), 2006–16

                                                           7.0                                                                                                7.0%
                 Oils & Fats Per-capita Consumption (Kg)




                                                           6.0                                                                                                6.0%

                                                           5.0                                                                                                5.0%




                                                                                                                                                                       Growth % (Y-O-Y)
                                                           4.0                                                                                                4.0%

                                                           3.0                                                                                                3.0%

                                                           2.0                                                                                                2.0%

                                                           1.0                                                                                                1.0%

                                                           0.0                                                                                                0.0%
                                                                  2006   2007   2008     2009     2010     2011   2012    2013    2014     2015      2016

                                                                                       Per-Capita Consumption            Y-o-Y Growth %


           Source: Canadean                                                                                                                                 © Canadean



           Table 3: China Per-capita Oils & Fats Consumption (Kg/head & Y-o-Y growth), 2006–16
                                                                 2006    2007    2008       2009         2010     2011     2012     2013          2014      2015           2016
            Per-
            capita                                                4.0     4.2      4.4          4.6       4.8      5.0      5.3      5.5           5.8        6.1                         6.5
            Y-o-Y
            growth                                                       5.1%    5.1%       4.3%         4.5%     4.2%     4.6%     4.9%          5.2%      5.5%          6.1%
           Source: Canadean                                                                                                                                 © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                             Page 12

   © Canadean. This product is licensed and is not to be photocopied                                                                                     Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.1.3      Oils & Fats Market Growth Dynamics, by Volume

           Figure 4: China Oils & Fats Market Dynamics, by Category, by Volume 2006–16


                                  6.2%

                                  6.0%

                                  5.8%
                   CAGR 2006-11




                                  5.6%

                                  5.4%

                                  5.2%

                                  5.0%

                                  4.8%
                                     0.0%       1.0%    2.0%     3.0%     4.0%     5.0%   6.0%       7.0%     8.0%   9.0%      10.0%

                                                                          CAGR 2011-16
                                                               Oils                              Solid Fats

            `

           Source: Canadean                                                                                             © Canadean



           Table 4: China Oils & Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and
                                         future market size (2016), by Category, by Volume (Kg m)
            Category                                              CAGR (2011-16)           CAGR (2006-11)             Market Size 2016
            Oils                                                          5.36%                       5.01%                      7478.49
            Solid Fats                                                    8.06%                       5.96%                      1499.08

           Source: Canadean                                                                                             © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                         Page 13

   © Canadean. This product is licensed and is not to be photocopied                                                 Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.1.4      Oils & Fats Consumption by Category, 2006–16

           Figure 5: China Oils & Fats Consumption (Kg m) by Category, 2006–16




           Source: Canadean                                                                                    © Canadean



           Table 5: China Oils & Fats Consumption (Kg m) by Category, 2006-11
                                                                                                                      CAGR
            Category                             2006          2007      2008      2009      2010      2011          2006-11
            Oils                              4,511.4        4,760.1   5,020.5   5,256.3   5,511.9   5,760.6            5.0%
            Solid Fats                          761.6          810.6    862.3     909.7     962.8    1,017.5            6.0%
            Overall                           5,273.0        5,570.7   5,882.8   6,166.0   6,474.7   6,778.1            5.2%

           Source: Canadean                                                                                    © Canadean



           Table 6: China Oils & Fats Consumption (Kg m) by Category, 2011–16
                                                                                                                      CAGR
            Category                             2011          2012      2013      2014      2015      2016         2011–16
            Oils                              5,760.6        6,043.0   6,351.9   6,693.8   7,059.9   7,478.5            5.4%
            Solid Fats                        1,017.5        1,085.3   1,162.5   1,251.1   1,362.3   1,499.1            8.1%
            Overall                           6,778.1        7,128.3   7,514.4   7,944.8   8,422.2   8,977.6            5.8%

           Source: Canadean                                                                                    © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                             Page 14

   © Canadean. This product is licensed and is not to be photocopied                                     Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.1.5      Oils & Fats Consumption – Trends and Forecasts

           Figure 6: China Oils & Fats Consumption by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016




                                         16.7%
                                             15.0%

                                                14.4%



                                                                                                               Oils
                                                                                                               Solid Fats



                                                             85.6%

                                                                85.0%
                                                                       83.3%




           Source: Canadean                                                                                  © Canadean



           Table 7: China Oils & Fats Consumption by Category – Trends & Forecasts, 2006 Vs. 2011 Vs. 2016
            Category                                           Market Size 2006        Market Size 2011    Market Size 2016
            Oils                                                           4,511.4              5,760.6               7,478.5
            Solid Fats                                                         761.6            1,017.5               1,499.1
            Overall                                                        5,273.0              6,778.1               8,977.6

           Source: Canadean                                                                                  © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                              Page 15

   © Canadean. This product is licensed and is not to be photocopied                                      Published: April 2012
      CHINA OILS & FATS MARKET OVERVIEW



2.2        Oils & Fats Market Analysis by Value
2.2.1      Overall Oils & Fats Market Value, 2006–16

           Figure 7: China Oils & Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16

                                                    160,000.0                                                                                              7.0%
                 Oils & Fats Market Value (CNY m)




                                                    140,000.0                                                                                              6.0%

                                                    120,000.0
                                                                                                                                                           5.0%




                                                                                                                                                                    Growth % (Y-O-Y)
                                                    100,000.0
                                                                                                                                                           4.0%
                                                     80,000.0
                                                                                                                                                           3.0%
                                                     60,000.0
                                                                                                                                                           2.0%
                                                     40,000.0

                                                     20,000.0                                                                                              1.0%

                                                          0.0                                                                                              0.0%
                                                                2006      2007   2008   2009   2010      2011    2012    2013     2014     2015   2016

                                                                                        Market Value            Y-O-Y growth %



           Source: Canadean                                                                                                                              © Canadean



           Table 8: China Oils & Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16
                                                        2006      2007       2008       2009     2010       2011        2012       2013       2014       2015           2016
            Market                                    90,344.   94,614.    99,195.   103,241   107,857    112,425    117,638     123,455    130,102   137,539     146,672
            Value                                          6         2          5         .2        .0         .2         .4          .6         .6        .9          .8
            Y-o-Y
            growth                                                4.7%       4.8%       4.1%     4.5%       4.2%        4.6%       4.9%       5.4%       5.7%          6.6%

           Source: Canadean                                                                                                                              © Canadean



           Table 9: China Oils & Fats Market Value (USD m) and Growth (Y-o-Y), 2006–16
                                                        2006      2007       2008       2009     2010       2011        2012       2013       2014       2015           2016
            Market                                    11,344.   12,457.    14,299.   15,136.   15,956.    17,421.     18,229.    19,130.    20,160.   21,313.     22,728.
            Value                                          6         9          0         2         4          4           2          7          7         2           4
            Y-o-Y
            growth                                                9.8%      14.8%       5.9%     5.4%       9.2%        4.6%       4.9%       5.4%       5.7%          6.6%

           Source: Canadean                                                                                                                              © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                          Page 16

   © Canadean. This product is licensed and is not to be photocopied                                                                                  Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.2.2      Oils & Fats Market Growth Dynamics, by Value

           Figure 8: China Oils & Fats Market Dynamics, by Category, by Market Value ,2006–16

                               4.56%


                               4.54%


                               4.52%
                CAGR 2006-11




                               4.50%


                               4.48%


                               4.46%


                               4.44%
                                   5.2%       5.3%    5.4%     5.5%     5.6%     5.7%   5.8%      5.9%     6.0%   6.1%       6.2%
                                                                       CAGR 2011-16

                                                             Oils                           Solid Fats



           Source: Canadean                                                                                          © Canadean



           Table 10: China Oils & Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and
                                       future market size (2016), by category, by Value (CNY m)
            Category                                            CAGR (2011-16)            CAGR (2006-11)           Market Size 2016
            Oils                                                        5.37%                      4.46%                   127505.20
            Solid Fats                                                  6.08%                      4.54%                    19167.57

           Source: Canadean                                                                                          © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                      Page 17

   © Canadean. This product is licensed and is not to be photocopied                                              Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.2.3      Oils & Fats Market Value by Category, 2006–16

           Figure 9: China Oils & Fats Market Value (CNY m) by Category, 2006–16

                                                          160000.0
                   Oils & Fats Market Value by Category




                                                          140000.0

                                                          120000.0

                                                          100000.0
                                 (CNY m)




                                                           80000.0

                                                           60000.0

                                                           40000.0

                                                           20000.0

                                                               0.0
                                                                     2006    2007      2008     2009    2010   2011    2012    2013       2014      2015      2016


                                                                                      Oils                                 Solid Fats




           Source: Canadean                                                                                                                                  © Canadean



           Table 11: China Oils & Fats Market Value (CNY m) by Category, 2006-11
                                                                                                                                                                     CAGR
            Category                                                     2006           2007           2008        2009           2010               2011         2006–11
            Oils                                                      78,913.1       82,616.8     86,605.8      90,134.9       94,156.9           98,154.6           4.46%
            Solid Fats                                                11,431.6       11,997.4     12,589.6      13,106.3       13,700.1           14,270.6           4.54%
            Overall                                                   90,344.6       94,614.2     99,195.5     103,241.2      107,857.0          112,425.2           4.47%

           Source: Canadean                                                                                                                                  © Canadean



           Table 12: China Oils & Fats Market Value (CNY m) by Category, 2011–16
                                                                                                                                                                     CAGR
            Category                                                     2011           2012           2013        2014           2015               2016         2011–16
            Oils                                                      98,154.6      102,679.0    107,735.9     113,459.9      119,774.2          127,505.2           5.37%
            Solid Fats                                                14,270.6       14,959.4     15,719.8      16,642.7       17,765.8           19,167.6           6.08%
            Overall                                                  112,425.2      117,638.4    123,455.6     130,102.6      137,539.9          146,672.8           5.46%

           Source: Canadean                                                                                                                                  © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                            Page 18

   © Canadean. This product is licensed and is not to be photocopied                                                                                   Published: April 2012
 CHINA OILS & FATS MARKET OVERVIEW



        Table 13: China Oils & Fats Market Value (USD m) by Category, 2006-11
                                                                                                                            CAGR
         Category                             2006           2007        2008        2009        2010        2011         2006–11
         Oils                               9909.1        10878.2     12484.2     13214.7     13929.6     15210.0            8.95%
         Solid Fats                         1435.5         1579.7      1814.8      1921.5      2026.8      2211.4            9.03%
         Overall                        11,344.57        12,457.86   14,299.02   15,136.19   15,956.36   17,421.42           8.96%

        Source: Canadean                                                                                             © Canadean



        Table 14: China Oils & Fats Market Value (USD m) by Category, 2011–16
                                                                                                                            CAGR
         Category                             2011           2012        2013        2014        2015        2016         2011–16
         Oils                             15210.0         15911.1     16694.7     17581.7     18560.2     19758.2            5.37%
         Solid Fats                         2211.4         2318.1      2435.9      2579.0      2753.0      2970.2            6.08%
         Overall                        17,421.42        18,229.24   19,130.68   20,160.70   21,313.19   22,728.41           5.46%

        Source: Canadean                                                                                             © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                                      Page 19

© Canadean. This product is licensed and is not to be photocopied                                              Published: April 2012
    CHINA OILS & FATS MARKET OVERVIEW



2.2.4      Oils & Fats Market Value - Trends and Forecasts, 2006 Vs. 2011 Vs. 2016

           Figure 10: China Oils & Fats Market Value (CNY m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs.
                             2016



                                            13.1%

                                               12.7%

                                                 12.7%



                                                                                                             Oils
                                                                                                             Solid Fats



                                                            87.3%

                                                              87.3%

                                                                 86.9%




           Source: Canadean                                                                                © Canadean



           Table 15: China Oils & Fats Market Value (CNY m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs.
                             2016
            Category                                          Market Value 2006     Market Value 2011   Market Value 2016
            Oils                                                         78,913.1            98,154.6             127,505.2
            Solid Fats                                                   11,431.6            14,270.6               19,167.6
            Overall                                                      90,344.6           112,425.2             146,672.8

           Source: Canadean                                                                                © Canadean



           Table 16: China Oils & Fats Market Value (USD m) by Category – Trends & Forecasts, 2006 Vs. 2011 Vs.
                             2016
            Category                                          Market Value 2006     Market Value 2011   Market Value 2016
            Oils                                                          9909.1             15210.0                19758.2
            Solid Fats                                                    1435.5              2211.4                 2970.2
            Overall                                                      11344.6             17421.4                22728.4

           Source: Canadean                                                                                © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                            Page 20

   © Canadean. This product is licensed and is not to be photocopied                                    Published: April 2012
      CHINA OILS MARKET ANALYSIS


3           China Oils Market Analysis
3.1         Market Growth Dynamics-Oils, 2006–16
3.1.1       Oils Market Growth Dynamics by Volume, 2006–16

            Figure 11: China Oils Market Growth Dynamics by Volume (Kg m) ,2006–16
                              7.0%

                              6.0%

                              5.0%
               CAGR 2006-11




                              4.0%

                              3.0%

                              2.0%

                              1.0%

                              0.0%
                                 0.0%             1.0%       2.0%           3.0%         4.0%           5.0%        6.0%            7.0%
                                                                               CAGR 2011-16

                                 Sunf lower Oil     Cooking Sprays      Olive Oil   Corn Oil      Vegetable Oil   Other Edible Oils



            Source: Canadean                                                                                                © Canadean



            Table 17: China Oils Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future
                                     market size (2016), by Volume (Kg m), by Segments
             Segment                                             CAGR (2011-16)                 CAGR (2006-11)             Market Size 2016
             Cooking Sprays                                                5.33%                        5.33%                       2118.30
             Corn Oil                                                      5.33%                        4.00%                         727.39
             Olive Oil                                                     5.33%                        5.33%                       1304.67
             Other Edible Oils                                             4.67%                        4.00%                          66.30
             Sunflower Oil                                                 5.33%                        5.00%                       2908.35
             Vegetable Oil                                                 6.00%                        4.33%                         353.48

            Source: Canadean                                                                                                © Canadean




    The Future of the Oils & Fats Market in China, to 2016                                                                            Page 21

    © Canadean. This product is licensed and is not to be photocopied                                                   Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.1.2      Oils Market Growth Dynamics by Value, 2006–16,

           Figure 12: Oils Market Growth Dynamics by Value (CNY m), 2006–16

                              7.0%

                              6.0%

                              5.0%
               CAGR 2006-11




                              4.0%

                              3.0%

                              2.0%

                              1.0%

                              0.0%
                                  0.0%          1.0%        2.0%             3.0%            4.0%           5.0%         6.0%            7.0%
                                                                                   CAGR 2011-16

                               Sunf lower Oil    Cooking Sprays        Olive Oil      Corn Oil      Vegetable Oil    Other Edible Oils



           Source: Canadean                                                                                                      © Canadean



           Table 18: China Oils Market Dynamics: past and future growth rates (2006–11 & 2011–16) and future
                                     market size (2016), by Value (CNY m), by Segments
            Segment                                               CAGR (2011-16)                    CAGR (2006-11)              Market Size 2016
            Cooking Sprays                                                  5.67%                           4.67%                        39045.9
            Corn Oil                                                        6.00%                           4.67%                        15979.2
            Olive Oil                                                       5.67%                           5.33%                        25000.6
            Other Edible Oils                                               5.67%                           6.00%                         1646.0
            Sunflower Oil                                                   4.67%                           3.67%                        40138.6
            Vegetable Oil                                                   5.33%                           4.33%                         5694.9

           Source: Canadean                                                                                                      © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                 Page 22

   © Canadean. This product is licensed and is not to be photocopied                                                         Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.2        Oils Consumption Analysis, 2006–16
3.2.1      Oils Market by Volume, 2006–16

           Figure 13: China Oils Market Volume (Kg m) and Growth (Y-o-Y), 2006–16

                                                    8,000.0                                                                                                     7.0%
                Oils Consumption by Volume (Kg m)




                                                    7,000.0                                                                                                     6.0%

                                                    6,000.0
                                                                                                                                                                5.0%




                                                                                                                                                                         Growth % (Y-O-Y)
                                                    5,000.0
                                                                                                                                                                4.0%
                                                    4,000.0
                                                                                                                                                                3.0%
                                                    3,000.0
                                                                                                                                                                2.0%
                                                    2,000.0

                                                    1,000.0                                                                                                     1.0%

                                                        0.0                                                                                                     0.0%
                                                                 2006   2007     2008    2009     2010      2011     2012     2013    2014      2015   2016

                                                                                          Overall Volume              Y-O-Y growth



           Source: Canadean                                                                                                                                    © Canadean



           Table 19: China Oils Market Volume (Kg m) and Growth (Y-o-Y), 2006–16
                                                         2006       2007        2008      2009      2010           2011       2012      2013       2014        2015          2016
            Overall
            Volume                                     4,511.4    4,760.1   5,020.5     5,256.3   5,511.9     5,760.6       6,043.0   6,351.9    6,693.8   7,059.9     7,478.5
            Y-o-Y
            growth                                                 5.51%       5.47%     4.70%     4.86%       4.51%         4.90%     5.11%      5.38%       5.47%     5.93%

           Source: Canadean                                                                                                                                    © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                               Page 23

   © Canadean. This product is licensed and is not to be photocopied                                                                                       Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.2.2      Oils Consumption by Segments, 2006–16

           Figure 14: China Oils Consumption (Kg m) by Segments, 2006–16
                 Oils Consumption by Segments (Kg m)


                                                       8000.0

                                                       7000.0

                                                       6000.0

                                                       5000.0

                                                       4000.0

                                                       3000.0

                                                       2000.0

                                                       1000.0

                                                          0.0
                                                                2006     2007   2008    2009       2010   2011     2012   2013    2014     2015    2016



                                                        Cooking Sprays     Corn Oil    Olive Oil      Other Edible Oils   Sunf lower Oil    Vegetable Oil




           Source: Canadean                                                                                                                       © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                  Page 24

   © Canadean. This product is licensed and is not to be photocopied                                                                          Published: April 2012
 CHINA OILS MARKET ANALYSIS




        Table 20: China Oils Consumption (Kg m) by Segments, 2006-11
                                                                                                                   CAGR
         Segment                              2006          2007      2008      2009      2010      2011         2006–11
         Cooking Sprays                    1,259.9        1,336.0   1,413.6   1,483.9   1,560.2   1,633.6            5.3%
         Corn Oil                            461.1          481.5    503.0     520.4     540.9     561.0             4.0%
         Olive Oil                           776.0          821.2    869.0     913.2     960.2    1,006.2            5.3%
         Other Edible Oils                    43.4           45.2     47.2      49.0      50.9      52.8             4.0%
         Sunflower Oil                     1,757.4        1,852.7   1,953.7   2,046.7   2,145.9   2,242.9            5.0%
         Vegetable Oil                       213.7          223.5    234.1     243.2     253.8     264.1             4.3%
         Overall                           4,511.4        4,760.1   5,020.5   5,256.3   5,511.9   5,760.6            5.0%

        Source: Canadean                                                                                    © Canadean



        Table 21: China Oils Consumption (Kg m) by Segments, 2011–16
                                                                                                                   CAGR
         Segment                              2011          2012      2013      2014      2015      2016         2011–16
         Cooking Sprays                    1,633.6        1,715.1   1,806.7   1,901.7   2,004.6   2,118.3            5.3%
         Corn Oil                            561.0          584.9    610.8     640.9     678.3     727.4             5.3%
         Olive Oil                         1,006.2        1,056.4   1,112.7   1,173.6   1,235.8   1,304.7            5.3%
         Other Edible Oils                    52.8           55.0     57.5      60.1      62.9      66.3             4.7%
         Sunflower Oil                     2,242.9        2,354.8   2,473.1   2,608.8   2,750.1   2,908.3            5.3%
         Vegetable Oil                       264.1          276.7    291.1     308.7     328.2     353.5             6.0%
         Overall                           5,760.6        6,043.0   6,351.9   6,693.8   7,059.9   7,478.5            5.4%

        Source: Canadean                                                                                    © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                             Page 25

© Canadean. This product is licensed and is not to be photocopied                                     Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.3        Oils Market Value Analysis, 2006–16
3.3.1      Oils Market by Value, 2006–16

           Figure 15: China Oils Market Value (CNY m) and Growth (Y-o-Y), 2006–16

                                                 140,000.0                                                                                            7.0%
                  Oils Market by Value (CNY m)




                                                 120,000.0                                                                                            6.0%

                                                 100,000.0                                                                                            5.0%




                                                                                                                                                               Growth % (Y-O-Y)
                                                  80,000.0                                                                                            4.0%

                                                  60,000.0                                                                                            3.0%

                                                  40,000.0                                                                                            2.0%

                                                  20,000.0                                                                                            1.0%

                                                       0.0                                                                                            0.0%
                                                             2006      2007   2008   2009    2010     2011   2012   2013     2014     2015   2016

                                                                                      Overall Value          Y-O-Y growth



           Source: Canadean                                                                                                                         © Canadean



           Table 22: China Oils Market Value (CNY m) and Growth (Y-o-Y), 2006–16
                                                     2006      2007       2008       2009     2010       2011       2012      2013       2014       2015           2016
            Overall                                78,913.   82,616.    86,605.   90,134.   94,156.    98,154.   102,679    107,735    113,459   119,774     127,505
            Value                                       1         8          8         9         9          6         .0         .9         .9        .2          .2
            Y-o-Y
            growth                                             4.7%       4.8%       4.1%     4.5%       4.2%       4.6%      4.9%       5.3%       5.6%          6.5%

           Source: Canadean                                                                                                                         © Canadean



           Table 23: China Oils Market Value (USD m) and Growth (Y-o-Y), 2006–16
                                                     2006      2007       2008       2009     2010       2011       2012      2013       2014       2015           2016
            Overall                                          10,878.    12,484.   13,214.   13,929.    15,210.   15,911.    16,694.    17,581.   18,560.     19,758.
            Value                                  9,909.1        2          2         7         6          0         1          7          7         2           2
            Y-o-Y
            growth                                             9.8%      14.8%       5.9%     5.4%       9.2%       4.6%      4.9%       5.3%       5.6%          6.5%

           Source: Canadean                                                                                                                         © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                     Page 26

   © Canadean. This product is licensed and is not to be photocopied                                                                             Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.3.2      Average Consumer Price/ Kg - Oils, 2006–16

           Figure 16: China Oils Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16




           Source: Canadean                                                                                             © Canadean



           Table 24: China Oils Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16
                            2006         2007        2008        2009    2010     2011     2012     2013     2014       2015        2016
            Avg.
            price           17.49       17.36        17.25      17.15    17.08    17.04    16.99    16.96    16.95     16.97       17.05
            Y-o-Y
            growth                     -0.78%      -0.61%     -0.59%    -0.38%   -0.26%   -0.28%   -0.18%   -0.07%     0.09%      0.50%

           Source: Canadean                                                                                             © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                         Page 27

   © Canadean. This product is licensed and is not to be photocopied                                                 Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.3.3      Oils Market Value by Segments, 2006–16

           Figure 17: China Oils Market Value (CNY m) by Segments, 2006–16

                                                  140000.0
                 Oils Market Value by Segments




                                                  120000.0

                                                  100000.0
                            (CNY m)




                                                    80000.0

                                                    60000.0

                                                    40000.0

                                                    20000.0

                                                        0.0
                                                              2006       2007    2008      2009    2010     2011    2012      2013       2014     2015      2016


                                                 Cooking Sprays      Corn Oil    #REF!      Olive Oil     Other Edible Oils     Sunf lower Oil       Vegetable Oil



           Source: Canadean                                                                                                                                © Canadean



           Table 25: China Oils Market Value (CNY m) by Segments, 2006-11
                                                                                                                                                                   CAGR
            Segment                                                  2006          2007           2008           2009            2010              2011         2006–11
            Cooking Sprays                                        23,596.3      24,730.9     25,965.7        27,066.3         28,360.2          29,640.5            4.7%
            Corn Oil                                               9,505.7       9,962.8     10,460.2        10,892.7         11,413.9          11,940.6            4.7%
            Olive Oil                                             14,636.3      15,489.3     16,390.5        17,207.3         18,093.8          18,978.5            5.3%
            Other Edible Oils                                       933.7         995.9       1,061.1          1,120.9         1,185.3           1,249.5            6.0%
            Sunflower Oil                                         26,688.5      27,713.8     28,824.5        29,788.2         30,872.1          31,953.6            3.7%
            Vegetable Oil                                          3,552.6       3,724.2      3,903.8          4,059.5         4,231.6           4,392.0            4.3%
            Overall                                               78,913.1      82,616.8     86,605.8        90,134.9         94,156.9          98,154.6            4.5%

           Source: Canadean                                                                                                                                © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                          Page 28

   © Canadean. This product is licensed and is not to be photocopied                                                                                 Published: April 2012
 CHINA OILS MARKET ANALYSIS


        Table 26: China Oils Market Value (CNY m) by Segments, 2011–16
                                                                                                                            CAGR
         Segment                              2011           2012        2013        2014        2015        2016         2011–16
         Cooking Sprays                  29,640.5         31,086.3    32,738.3    34,550.2    36,577.6    39,045.9            5.7%
         Corn Oil                        11,940.6         12,547.5    13,196.9    13,934.9    14,831.6    15,979.2            6.0%
         Olive Oil                       18,978.5         19,943.6    21,042.8    22,269.5    23,544.6    25,000.6            5.7%
         Other Edible Oils                 1,249.5         1,320.9     1,394.6     1,475.3     1,557.8     1,646.0            5.7%
         Sunflower Oil                   31,953.6         33,192.3    34,552.9    36,153.7    37,904.4    40,138.6            4.7%
         Vegetable Oil                     4,392.0         4,588.3     4,810.4     5,076.1     5,358.1     5,694.9            5.3%
         Overall                         98,154.6        102,679.0   107,735.9   113,459.9   119,774.2   127,505.2            5.4%

        Source: Canadean                                                                                             © Canadean



        Table 27: China Oils Market Value (USD m) by Segments, 2006-11
                                                                                                                            CAGR
         Segment                              2006           2007        2008        2009        2010        2011         2006–11
         Cooking Sprays                     2963.0         3256.3      3743.0      3968.2      4195.6      4593.1             9.2%
         Corn Oil                           1193.6         1311.8      1507.8      1597.0      1688.6      1850.3             9.2%
         Olive Oil                          1837.9         2039.5      2362.7      2522.8      2676.8      2940.9             9.9%
         Other Edible Oils                   117.2          131.1       153.0       164.3       175.3       193.6            10.6%
         Sunflower Oil                      3351.3         3649.1      4155.1      4367.2      4567.2      4951.5             8.1%
         Vegetable Oil                       446.1          490.4       562.7       595.2       626.0       680.6             8.8%
         Overall                            9909.1        10878.2     12484.2     13214.7     13929.6     15210.0             8.9%

        Source: Canadean                                                                                             © Canadean



        Table 28: China Oils Market Value (USD m) by Segments, 2011–16
                                                                                                                            CAGR
         Segment                              2011           2012        2013        2014        2015        2016         2011–16
         Cooking Sprays                     4593.1         4817.1      5073.1      5353.9      5668.1      6050.5             5.7%
         Corn Oil                           1850.3         1944.4      2045.0      2159.4      2298.3      2476.1             6.0%
         Olive Oil                          2940.9         3090.5      3260.8      3450.9      3648.5      3874.1             5.7%
         Other Edible Oils                   193.6          204.7       216.1       228.6       241.4       255.1             5.7%
         Sunflower Oil                      4951.5         5143.5      5354.3      5602.4      5873.7      6219.9             4.7%
         Vegetable Oil                       680.6          711.0       745.4       786.6       830.3       882.5             5.3%
         Overall                        15,210.04        15,911.13   16,694.75   17,581.74   18,560.21   19,758.21            5.4%

        Source: Canadean                                                                                             © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                                      Page 29

© Canadean. This product is licensed and is not to be photocopied                                              Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.4        Cooking Sprays Market Analysis, 2006–16
3.4.1      Cooking Sprays Market by Volume, 2006–16

           Figure 18: China Cooking Sprays Market by Volume (Kg m), 2006–16

                                                          2,500.0                                                                                                     7.0%
                 Cooking Sprays Market by Volume (Kg m)




                                                                                                                                                                      6.0%
                                                          2,000.0
                                                                                                                                                                      5.0%




                                                                                                                                                                               Growth % (Y-O-Y)
                                                          1,500.0
                                                                                                                                                                      4.0%

                                                                                                                                                                      3.0%
                                                          1,000.0

                                                                                                                                                                      2.0%
                                                           500.0
                                                                                                                                                                      1.0%

                                                              0.0                                                                                                     0.0%
                                                                       2006   2007     2008    2009     2010      2011     2012     2013    2014      2015   2016

                                                                                                Market Value              Y-o-Y Growth %



           Source: Canadean                                                                                                                                          © Canadean



           Table 29: China Cooking Sprays Market by Volume (Kg m), 2006–16
                                                               2006       2007        2008      2009      2010           2011       2012      2013       2014        2015          2016
            Overall
            Volume                                           1,259.9    1,336.0   1,413.6     1,483.9   1,560.2     1,633.6       1,715.1   1,806.7    1,901.7   2,004.6     2,118.3
            Y-o-Y
            growth                                                       6.04%       5.81%     4.97%     5.14%       4.71%         4.99%     5.34%      5.26%       5.41%     5.67%

           Source: Canadean                                                                                                                                          © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                     Page 30

   © Canadean. This product is licensed and is not to be photocopied                                                                                             Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.4.2      Cooking Sprays Market by Value, 2006–16

           Figure 19: China Cooking Sprays Market by Value (CNY m), 2006–16

                                                 45,000.0                                                                                              8.0%
                Cooking Sprays Market by Value




                                                 40,000.0                                                                                              7.0%

                                                 35,000.0
                                                                                                                                                       6.0%




                                                                                                                                                                Growth % (Y-O-Y)
                                                 30,000.0
                           (CNY m)




                                                                                                                                                       5.0%
                                                 25,000.0
                                                                                                                                                       4.0%
                                                 20,000.0
                                                                                                                                                       3.0%
                                                 15,000.0
                                                                                                                                                       2.0%
                                                 10,000.0

                                                  5,000.0                                                                                              1.0%

                                                      0.0                                                                                              0.0%
                                                             2006     2007   2008    2009    2010     2011   2012     2013   2014      2015   2016

                                                                                    Market Value          Y-o-Y Growth %



           Source: Canadean                                                                                                                           © Canadean



           Table 30: China Cooking Sprays Market by Value (CNY m), 2006–16
                                                   2006       2007      2008        2009      2010       2011        2012      2013       2014        2015          2016
            Market                               23,596.    24,730.   25,965.   27,066.     28,360.    29,640.   31,086.     32,738.    34,550.   36,577.     39,045.
            Value                                     3          9         7         3           2          5         3           3          2         6           9
            Y-o-Y
            growth                                           4.81%     4.99%     4.24%       4.78%      4.51%       4.88%     5.31%      5.53%       5.87%     6.75%

           Source: Canadean                                                                                                                           © Canadean



           Table 31: China Cooking Sprays Market by Value (USD m), 2006–16
                                                   2006       2007      2008        2009      2010       2011        2012      2013       2014        2015          2016
            Market
            Value                                2,963.0    3,256.3   3,743.0   3,968.2     4,195.6    4,593.1   4,817.1     5,073.1    5,353.9   5,668.1     6,050.5
            Y-o-Y
            growth                                           9.90%    14.94%     6.02%       5.73%      9.47%       4.88%     5.31%      5.53%       5.87%     6.75%

           Source: Canadean                                                                                                                           © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                      Page 31

   © Canadean. This product is licensed and is not to be photocopied                                                                              Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.5        Corn Oil Market Analysis, 2006–16
3.5.1      Corn Oil Market by Volume, 2006–16

           Figure 20: China Corn Oil Market by Volume (Kg m), 2006–16

                                                   800.0                                                                                             8.0%
                Corn Oil Market by Volume (Kg m)




                                                   700.0                                                                                             7.0%

                                                   600.0                                                                                             6.0%




                                                                                                                                                              Growth % (Y-O-Y)
                                                   500.0                                                                                             5.0%

                                                   400.0                                                                                             4.0%

                                                   300.0                                                                                             3.0%

                                                   200.0                                                                                             2.0%

                                                   100.0                                                                                             1.0%

                                                     0.0                                                                                             0.0%
                                                           2006     2007   2008    2009     2010   2011     2012   2013     2014     2015   2016

                                                                                    Market Value           Y-o-Y Growth %



           Source: Canadean                                                                                                                        © Canadean



           Table 32: China Corn Oil Market by Volume (Kg m), 2006–16
                                                       2006       2007     2008     2009       2010       2011     2012       2013      2014       2015           2016
            Overall
            Volume                                     461.1      481.5    503.0    520.4      540.9      561.0    584.9     610.8      640.9      678.3      727.4
            Y-o-Y
            growth                                                4.4%     4.5%     3.5%       3.9%       3.7%     4.3%       4.4%      4.9%       5.8%          7.2%

           Source: Canadean                                                                                                                        © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                    Page 32

   © Canadean. This product is licensed and is not to be photocopied                                                                            Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.5.2      Corn Oil Market by Value, 2006–16

           Figure 21: China Corn Oil Market by Value (CNY m), 2006–16

                                                    18,000.0                                                                                                     9.0%
                 Corn Oil Market by Value (CNY m)




                                                    16,000.0                                                                                                     8.0%

                                                    14,000.0                                                                                                     7.0%




                                                                                                                                                                          Growth % (Y-O-Y)
                                                    12,000.0                                                                                                     6.0%

                                                    10,000.0                                                                                                     5.0%

                                                     8,000.0                                                                                                     4.0%

                                                     6,000.0                                                                                                     3.0%

                                                     4,000.0                                                                                                     2.0%

                                                     2,000.0                                                                                                     1.0%

                                                         0.0                                                                                                     0.0%
                                                                2006      2007     2008     2009    2010      2011    2012     2013    2014      2015   2016

                                                                                            Market Value             Y-o-Y Growth %



           Source: Canadean                                                                                                                                     © Canadean



           Table 33: China Corn Oil Market by Value (CNY m), 2006–16
                                                        2006      2007           2008       2009      2010        2011         2012      2013       2014        2015          2016
            Market                                                          10,460.       10,892.   11,413.     11,940.      12,547.   13,196.    13,934.   14,831.     15,979.
            Value                                     9,505.7   9,962.8          2             7         9           6            5         9          9         6           2
            Y-o-Y
            growth                                               4.81%       4.99%         4.13%     4.79%       4.61%        5.08%     5.18%      5.59%       6.43%     7.74%

           Source: Canadean                                                                                                                                     © Canadean



           Table 34: China Corn Oil Market by Value (USD m), 2006–16
                                                        2006      2007           2008       2009      2010        2011         2012      2013       2014        2015          2016
            Market
            Value                                     1,193.6   1,311.8     1,507.8       1,597.0   1,688.6     1,850.3      1,944.4   2,045.0    2,159.4   2,298.3     2,476.1
            Y-o-Y
            growth                                               9.90%      14.94%         5.91%     5.74%       9.58%        5.08%     5.18%      5.59%       6.43%     7.74%

           Source: Canadean                                                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                Page 33

   © Canadean. This product is licensed and is not to be photocopied                                                                                        Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.6        Olive Oil Market Analysis, 2006–16
3.6.1      Olive Oil Market by Volume, 2006–16

           Figure 22: China Olive Oil Market by Volume (Kg m), 2006–16

                                                      1,400.0                                                                                                  7.0%
                  Olive Oil Market by Volume (Kg m)




                                                      1,200.0                                                                                                  6.0%

                                                      1,000.0                                                                                                  5.0%




                                                                                                                                                                        Growth % (Y-O-Y)
                                                       800.0                                                                                                   4.0%

                                                       600.0                                                                                                   3.0%

                                                       400.0                                                                                                   2.0%

                                                       200.0                                                                                                   1.0%

                                                          0.0                                                                                                  0.0%
                                                                  2006   2007     2008   2009    2010      2011     2012     2013    2014      2015   2016

                                                                                         Market Value              Y-o-Y Growth %



           Source: Canadean                                                                                                                                   © Canadean



           Table 35: China Olive Oil Market by Volume (Kg m), 2006–16
                                                           2006      2007        2008     2009     2010           2011       2012      2013       2014        2015          2016
            Overall
            Volume                                        776.0      821.2      869.0    913.2     960.2     1,006.2       1,056.4   1,112.7    1,173.6   1,235.8     1,304.7
            Y-o-Y
            growth                                                  5.83%       5.82%    5.09%    5.15%       4.79%         4.99%     5.34%      5.47%       5.30%     5.58%

           Source: Canadean                                                                                                                                   © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                              Page 34

   © Canadean. This product is licensed and is not to be photocopied                                                                                      Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.6.2      Olive Oil Market by Value, 2006–16

           Figure 23: China Olive Oil Market by Value (CNY m), 2006–16

                                                     30,000.0                                                                                                     7.0%
                 Olive Oil Market by Value (CNY m)




                                                     25,000.0                                                                                                     6.0%

                                                                                                                                                                  5.0%




                                                                                                                                                                           Growth % (Y-O-Y)
                                                     20,000.0
                                                                                                                                                                  4.0%
                                                     15,000.0
                                                                                                                                                                  3.0%
                                                     10,000.0
                                                                                                                                                                  2.0%

                                                      5,000.0                                                                                                     1.0%

                                                          0.0                                                                                                     0.0%
                                                                 2006      2007     2008     2009    2010      2011    2012     2013    2014      2015   2016

                                                                                             Market Value             Y-o-Y Growth %



           Source: Canadean                                                                                                                                      © Canadean



           Table 36: China Olive Oil Market by Value (CNY m), 2006–16
                                                         2006      2007           2008       2009      2010        2011         2012      2013       2014        2015          2016
            Market                                     14,636.   15,489.     16,390.       17,207.   18,093.     18,978.      19,943.   21,042.    22,269.   23,544.     25,000.
            Value                                           3         3           5             3         8           5            6         8          5         6           6
            Y-o-Y
            growth                                                5.83%       5.82%         4.98%     5.15%       4.89%        5.09%     5.51%      5.83%       5.73%     6.18%

           Source: Canadean                                                                                                                                      © Canadean



           Table 37: China Olive Oil Market by Value (USD m), 2006–16
                                                         2006      2007           2008       2009      2010        2011         2012      2013       2014        2015          2016
            Market
            Value                                      1,837.9   2,039.5     2,362.7       2,522.8   2,676.8     2,940.9      3,090.5   3,260.8    3,450.9   3,648.5     3,874.1
            Y-o-Y
            growth                                                11.0%       15.8%          6.8%      6.1%        9.9%         5.1%      5.5%       5.8%       5.7%          6.2%

           Source: Canadean                                                                                                                                      © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                 Page 35

   © Canadean. This product is licensed and is not to be photocopied                                                                                         Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.7        Other Edible Oils Market Analysis, 2006–16
3.7.1      Other Edible Oils Market by Volume, 2006–16

           Figure 24: China Other Edible Oils Market by Volume (Kg m), 2006–16

                                                            70.0                                                                                                  6.0%
                Other Edible Oils Market by Volume (Kg m)




                                                            60.0                                                                                                  5.0%

                                                            50.0




                                                                                                                                                                           Growth % (Y-O-Y)
                                                                                                                                                                  4.0%
                                                            40.0
                                                                                                                                                                  3.0%
                                                            30.0
                                                                                                                                                                  2.0%
                                                            20.0

                                                            10.0                                                                                                  1.0%


                                                             0.0                                                                                                  0.0%
                                                                     2006   2007   2008    2009     2010     2011    2012   2013      2014     2015     2016

                                                                                             Market Value            Y-o-Y Growth %



           Source: Canadean                                                                                                                                     © Canadean



           Table 38: China Other Edible Oils Market by Volume (Kg m), 2006–16
                                                                   2006     2007   2008      2009          2010     2011    2012        2013      2014          2015           2016
            Overall
            Volume                                                 43.4     45.2    47.2     49.0          50.9     52.8     55.0       57.5          60.1       62.9              66.3
            Y-o-Y
            growth                                                          4.2%   4.4%      3.8%          3.9%     3.7%    4.3%        4.4%      4.6%          4.7%          5.3%

           Source: Canadean                                                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                 Page 36

   © Canadean. This product is licensed and is not to be photocopied                                                                                         Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.7.2      Other Edible Oils Market by Value, 2006–16

           Figure 25: China Other Edible Oils Market by Value (CNY m), 2006–16

                                                             1,800.0                                                                                                     7.0%
                 Other Edible Oils Market by Value (CNY m)




                                                             1,600.0
                                                                                                                                                                         6.0%
                                                             1,400.0
                                                                                                                                                                         5.0%




                                                                                                                                                                                  Growth % (Y-O-Y)
                                                             1,200.0

                                                             1,000.0                                                                                                     4.0%

                                                              800.0                                                                                                      3.0%
                                                              600.0
                                                                                                                                                                         2.0%
                                                              400.0
                                                                                                                                                                         1.0%
                                                              200.0

                                                                 0.0                                                                                                     0.0%
                                                                         2006   2007     2008    2009     2010      2011      2012     2013    2014      2015   2016

                                                                                                  Market Value               Y-o-Y Growth %



           Source: Canadean                                                                                                                                             © Canadean



           Table 39: China Other Edible Oils Market by Value (CNY m), 2006–16
                                                                  2006      2007        2008      2009      2010           2011        2012      2013       2014        2015          2016
            Market
            Value                                                933.7      995.9   1,061.1     1,120.9   1,185.3     1,249.5        1,320.9   1,394.6    1,475.3   1,557.8     1,646.0
            Y-o-Y
            growth                                                         6.66%       6.56%     5.64%     5.74%       5.42%          5.71%     5.58%      5.79%       5.59%     5.66%

           Source: Canadean                                                                                                                                             © Canadean



           Table 40: China Other Edible Oils Market by Value (USD m), 2006–16
                                                                  2006      2007        2008      2009      2010           2011        2012      2013       2014        2015          2016
            Market
            Value                                                117.2      131.1      153.0     164.3      175.3          193.6      204.7     216.1       228.6      241.4      255.1
            Y-o-Y
            growth                                                        11.84%    16.65%       7.44%     6.70%      10.42%          5.71%     5.58%      5.79%       5.59%     5.66%

           Source: Canadean                                                                                                                                             © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                        Page 37

   © Canadean. This product is licensed and is not to be photocopied                                                                                                Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.8        Sunflower Oil Market Analysis, 2006–16
3.8.1      Sunflower Oil Market by Volume, 2006–16

           Figure 26: China Sunflower Oil Market by Volume (Kg m), 2006–16

                                                         3,500.0                                                                                                     7.0%
                 Sunflower Oil Market by Volume (Kg m)




                                                         3,000.0                                                                                                     6.0%

                                                         2,500.0                                                                                                     5.0%




                                                                                                                                                                              Growth % (Y-O-Y)
                                                         2,000.0                                                                                                     4.0%

                                                         1,500.0                                                                                                     3.0%

                                                         1,000.0                                                                                                     2.0%

                                                          500.0                                                                                                      1.0%

                                                             0.0                                                                                                     0.0%
                                                                      2006   2007     2008    2009     2010      2011     2012     2013    2014      2015   2016

                                                                                               Market Value              Y-o-Y Growth %



           Source: Canadean                                                                                                                                         © Canadean



           Table 41: China Sunflower Oil Market by Volume (Kg m), 2006–16
                                                              2006       2007        2008      2009      2010           2011       2012      2013       2014        2015          2016
            Overall
            Volume                                          1,757.4    1,852.7   1,953.7     2,046.7   2,145.9     2,242.9       2,354.8   2,473.1    2,608.8   2,750.1     2,908.3
            Y-o-Y
            growth                                                      5.42%       5.45%     4.76%     4.85%       4.52%         4.99%     5.02%      5.49%       5.42%     5.75%

           Source: Canadean                                                                                                                                         © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                    Page 38

   © Canadean. This product is licensed and is not to be photocopied                                                                                            Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.8.2      Sunflower Oil Market by Value, 2006–16

           Figure 27: China Sunflower Oil Market by Value (CNY m), 2006–16

                                                        45,000.0                                                                                                    7.0%
                Sunflower Oil Market by Value (CNY m)




                                                        40,000.0
                                                                                                                                                                    6.0%
                                                        35,000.0
                                                                                                                                                                    5.0%




                                                                                                                                                                             Growth % (Y-O-Y)
                                                        30,000.0

                                                        25,000.0                                                                                                    4.0%

                                                        20,000.0                                                                                                    3.0%
                                                        15,000.0
                                                                                                                                                                    2.0%
                                                        10,000.0
                                                                                                                                                                    1.0%
                                                         5,000.0

                                                             0.0                                                                                                    0.0%
                                                                    2006      2007     2008     2009    2010      2011   2012     2013    2014      2015   2016

                                                                                                Overall Volume            Y-O-Y growth



           Source: Canadean                                                                                                                                        © Canadean



           Table 42: China Sunflower Oil Market by Value (CNY m), 2006–16
                                                            2006      2007           2008       2009      2010        2011        2012      2013       2014        2015          2016
            Market                                        26,688.   27,713.     28,824.       29,788.   30,872.     31,953.     33,192.   34,552.    36,153.   37,904.     40,138.
            Value                                              5         8           5             2         1           6           3         9          7         4           6
            Y-o-Y
            growth                                                   3.84%       4.01%         3.34%     3.64%       3.50%       3.88%     4.10%      4.63%       4.84%     5.89%

           Source: Canadean                                                                                                                                        © Canadean



           Table 43: China Sunflower Oil Market by Value (USD m), 2006–16
                                                            2006      2007           2008       2009      2010        2011        2012      2013       2014        2015          2016
            Market
            Value                                         3,351.3   3,649.1     4,155.1       4,367.2   4,567.2     4,951.5     5,143.5   5,354.3    5,602.4   5,873.7     6,219.9
            Y-o-Y
            growth                                                    8.9%      13.87%         5.11%     4.58%       8.41%       3.88%     4.10%      4.63%       4.84%     5.89%

           Source: Canadean                                                                                                                                        © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                   Page 39

   © Canadean. This product is licensed and is not to be photocopied                                                                                           Published: April 2012
      CHINA OILS MARKET ANALYSIS


3.9        Vegetable Oil Market Analysis, 2006–16
3.9.1      Vegetable Oil Market by Volume, 2006–16

           Figure 28: China Vegetable Oil Market by Volume (Kg m), 2006–16

                                                         400.0                                                                                             9.0%
                 Vegetable Oil Market by Volume (Kg m)




                                                         350.0                                                                                             8.0%

                                                                                                                                                           7.0%
                                                         300.0




                                                                                                                                                                    Growth % (Y-O-Y)
                                                                                                                                                           6.0%
                                                         250.0
                                                                                                                                                           5.0%
                                                         200.0
                                                                                                                                                           4.0%
                                                         150.0
                                                                                                                                                           3.0%
                                                         100.0
                                                                                                                                                           2.0%

                                                          50.0                                                                                             1.0%

                                                           0.0                                                                                             0.0%
                                                                 2006     2007   2008    2009     2010   2011     2012   2013     2014     2015   2016

                                                                                          Market Value           Y-o-Y Growth %



           Source: Canadean                                                                                                                              © Canadean



           Table 44: China Vegetable Oil Market by Volume (Kg m), 2006–16
                                                             2006       2007     2008     2009       2010       2011     2012       2013      2014       2015           2016
            Overall
            Volume                                           213.7      223.5    234.1    243.2      253.8      264.1    276.7     291.1      308.7      328.2      353.5
            Y-o-Y
            growth                                                      4.6%     4.7%     3.9%       4.4%       4.1%     4.8%       5.2%      6.0%       6.3%          7.7%

           Source: Canadean                                                                                                                              © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                          Page 40

   © Canadean. This product is licensed and is not to be photocopied                                                                                  Published: April 2012
    CHINA OILS MARKET ANALYSIS

3.9.2      Vegetable Oil Market by Value, 2006–16

           Figure 29: China Vegetable Oil Market by Value (CNY m), 2006–16

                                                        6,000.0                                                                                                     7.0%
                Vegetable Oil Market by Value (CNY m)




                                                        5,000.0                                                                                                     6.0%

                                                                                                                                                                    5.0%




                                                                                                                                                                             Growth % (Y-O-Y)
                                                        4,000.0
                                                                                                                                                                    4.0%
                                                        3,000.0
                                                                                                                                                                    3.0%
                                                        2,000.0
                                                                                                                                                                    2.0%

                                                        1,000.0                                                                                                     1.0%

                                                            0.0                                                                                                     0.0%
                                                                    2006   2007     2008    2009     2010      2011      2012     2013    2014      2015   2016

                                                                                             Overall Volume               Y-O-Y growth



           Source: Canadean                                                                                                                                       © Canadean



           Table 45: China Vegetable Oil Market by Value (CNY m), 2006–16
                                                             2006      2007        2008      2009      2010           2011        2012      2013       2014       2015           2016
            Market
            Value                                         3,552.6    3,724.2   3,903.8     4,059.5   4,231.6     4,392.0        4,588.3   4,810.4    5,076.1   5,358.1     5,694.9
            Y-o-Y
            growth                                                     4.8%       4.8%       4.0%      4.2%           3.8%        4.5%      4.8%       5.5%       5.6%          6.3%

           Source: Canadean                                                                                                                                       © Canadean



           Table 46: China Vegetable Oil Market by Value (USD m), 2006–16
                                                             2006      2007        2008      2009      2010           2011        2012      2013       2014       2015           2016
            Market
            Value                                           446.1      490.4      562.7     595.2      626.0          680.6      711.0     745.4       786.6      830.3      882.5
            Y-o-Y
            growth                                                     9.9%       14.8%      5.8%      5.2%           8.7%        4.5%      4.8%       5.5%       5.6%          6.3%

           Source: Canadean                                                                                                                                       © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                   Page 41

   © Canadean. This product is licensed and is not to be photocopied                                                                                           Published: April 2012
   CHINA OILS MARKET ANALYSIS


3.10      Oils Market Volume Analysis by Brands, 2008-11

          Figure 30: China Oils Market Volume by Brands (Kg m), 2008-11

                                                       3500.0
                 Oils Market Volume by Brands (Kg m)




                                                       3000.0

                                                       2500.0

                                                       2000.0

                                                       1500.0

                                                       1000.0

                                                        500.0

                                                          0.0
                                                                 2008                    2009                     2010                  2011

                                                                Jin Long Yu      Luhua               Camel               Haishi

                                                                Arawana          Fortune             YuanBao



          Source: Canadean                                                                                                                     © Canadean



          Table 47: China Oils Market Volume by Brands (Kg m), 2008-11
                                                                                                                                                         CAGR
           Brand Name                                                   2008                 2009                2010               2011               2008-11
           Jin Long Yu                                               1,044.9               1,091.8             1,142.6            1,191.8                4.48%
           Luhua                                                        752.2               789.1               829.1              868.2                 4.90%
           Camel                                                        271.4               284.0               297.7              311.0                 4.65%
           Haishi                                                       228.6               238.6               249.5              260.0                 4.38%
           Arawana                                                      225.8               236.4               248.0              259.3                 4.72%
           Fortune                                                      190.1               198.9               208.3              217.5                 4.59%
           YuanBao                                                        87.0               91.4                96.1              100.8                 5.03%
           Others                                                    2,220.5               2,326.1             2,440.6            2,552.1                4.75%
           Overall                                                   5,020.5               5,256.3             5,511.9            5,760.6                4.69%

          Source: Canadean                                                                                                                     © Canadean




  The Future of the Oils & Fats Market in China, to 2016                                                                                                 Page 42

  © Canadean. This product is licensed and is not to be photocopied                                                                         Published: April 2012
   CHINA OILS MARKET ANALYSIS


3.11      Oils Market Value by Distribution Channel, 2008-11

          Figure 31: China Oils Market Value by Distribution Channel (CNY m), 2008-11




          Source: Canadean                                                                 © Canadean




  The Future of the Oils & Fats Market in China, to 2016                                             Page 43

  © Canadean. This product is licensed and is not to be photocopied                     Published: April 2012
 CHINA OILS MARKET ANALYSIS


        Table 48: China Oils Market Value by Distribution Channel (CNY m), 2008-11
                                                                                                                            CAGR
         Distribution Channel                                       2008        2009        2010       2011                2008-11
         Cash & Carries & Warehouse Clubs                             0.0         0.0         0.0        0.0                 0.00%
         “Dollar Stores”, Variety Stores &
         Merchandise Stores                                     477.3          504.1       534.3       565.0                 5.78%
         Hypermarkets & Supermarkets                         37,137.6        38,869.8   40,699.7    42,536.3                 4.63%
         Convenience Stores                                  45,430.4        47,623.1   50,070.7    52,324.8                 4.82%
         Food & drinks specialists                            2,098.6         2,200.5     2,315.8    2,431.1                 5.03%
         Department Stores                                            0.0         0.0         0.0        0.0                 0.00%
         Vending machines                                             0.0         0.0         0.0        0.0                 0.00%
         Drug stores & Pharmacies                                     0.0         0.0         0.0        0.0                 0.00%
         eRetailers                                                   0.0         0.0         0.0        0.0                 0.00%
         Others                                               1,461.9          937.4       536.4       297.4              -41.19%
         Overall                                            86605.81        90134.86    94156.88    98154.60                 4.26%

        Source: Canadean                                                                                          © Canadean



        Table 49: China Oils Market Value by Distribution Channel (USD m), 2008-11
                                                                                                                            CAGR
         Distribution Channel                                   2008           2009        2010        2011               2008-11
         Cash & Carries & Warehouse Clubs                            0.0         0.0         0.0         0.0                0.00%
         “Dollar Stores”, Variety Stores &
         Merchandise Stores                                         68.8        73.9        79.0        87.6                8.36%
         Hypermarkets & Supermarkets                         5,353.4         5,698.7     6,021.1     6,591.4                7.18%
         Convenience Stores                                  6,548.8         6,982.0     7,407.5     8,108.3                7.38%
         Food & drinks specialists                             302.5           322.6       342.6       376.7                7.59%
         Department Stores                                           0.0         0.0         0.0         0.0                0.00%
         Vending machines                                            0.0         0.0         0.0         0.0                0.00%
         Drug stores & Pharmacies                                    0.0         0.0         0.0         0.0                0.00%
         eRetailers                                                  0.0         0.0         0.0         0.0                0.00%
         Others                                                210.7           137.4        79.4        46.1              -39.75%
         Overall                                           12484.23         13214.67    13929.57    15210.04                6.80%

        Source: Canadean                                                                                          © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                                      Page 44

© Canadean. This product is licensed and is not to be photocopied                                              Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4           China Solid Fats Market Analysis
4.1         Market Growth Dynamics- Solid Fats, 2006–16
4.1.1       Solid Fats Market Growth Dynamics by Volume, 2006–16

            Figure 32: Solid Fats Market Growth Dynamics by Volume (Kg m), 2006–16

                                 12.0%

                                 10.0%
                  CAGR 2006-11




                                  8.0%

                                  6.0%

                                  4.0%

                                  2.0%

                                  0.0%
                                     0.0%       2.0%            4.0%        6.0%        8.0%         10.0%      12.0%          14.0%

                                                                         CAGR 2011-16

                                    Ghee      Lard           Compound Cooking Fats (CCF)        Shortening      Other Solid Fats



            Source: Canadean                                                                                               © Canadean



            Table 50: China Solid Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and
                                     future market size (2016), by Volume (Kg m), by Segments
             Segment                                              CAGR (2011-16)               CAGR (2006-11)            Market Size 2016
             Ghee                                                         3.00%                        2.67%                         458.26
             Compound Cooking Fats (CCF)                                  9.67%                        9.33%                         313.99
             Lard                                                        12.00%                        8.00%                         329.85
             Other Solid Fats                                            10.67%                        7.67%                         165.85
             Shortening                                                  11.00%                        8.33%                         231.14

            Source: Canadean                                                                                               © Canadean




    The Future of the Oils & Fats Market in China, to 2016                                                                           Page 45

    © Canadean. This product is licensed and is not to be photocopied                                                   Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.1.2      Solid Fats Market Growth Dynamics by Value, 2006–16

           Figure 33: China Solid Fats Market Growth Dynamics by Value (CNY m), 2006–16
                               8.0%

                               7.0%

                               6.0%

                               5.0%
                CAGR 2006-11




                               4.0%

                               3.0%

                               2.0%

                               1.0%

                               0.0%
                                  0.0%         1.0%         2.0%        3.0%         4.0%       5.0%        6.0%       7.0%              8.0%
                                                                         CAGR 2011-16

                                      Ghee    Compound Cooking Fats (CCF)           Lard    Shortening    Other Solid Fats



           Source: Canadean                                                                                                     © Canadean



           Table 51: China Solid Fats Market Dynamics: past and future growth rates (2006–11 & 2011–16) and
                                       future market size (2016), by Value (CNY m), by Segments
            Segment                                                CAGR (2011-16)               CAGR (2006-11)                Market Size 2016
            Ghee                                                           6.67%                         3.33%                           8727.66
            Compound Cooking Fats (CCF)                                    6.33%                         5.67%                           3266.28
            Lard                                                           5.67%                         6.67%                           3005.84
            Other Solid Fats                                               5.00%                         4.33%                           1595.33
            Shortening                                                     5.00%                         5.00%                           2572.47

           Source: Canadean                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                 Page 46

   © Canadean. This product is licensed and is not to be photocopied                                                         Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.2        Solid Fats Consumption Analysis, 2006–16
4.2.1      Solid Fats Market by Volume, 2006–16

           Figure 34: China Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2006–16

                                                           1,600.0                                                                                                      12.0%
                 Solid Fats Consumption by Volume (Kg m)




                                                           1,400.0
                                                                                                                                                                        10.0%
                                                           1,200.0




                                                                                                                                                                                  Growth % (Y-O-Y)
                                                                                                                                                                        8.0%
                                                           1,000.0

                                                            800.0                                                                                                       6.0%

                                                            600.0
                                                                                                                                                                        4.0%
                                                            400.0
                                                                                                                                                                        2.0%
                                                            200.0

                                                               0.0                                                                                                      0.0%
                                                                        2006     2007    2008   2009     2010   2011     2012    2013     2014      2015     2016

                                                                                                 Overall Volume            Y-O-Y growth



           Source: Canadean                                                                                                                                            © Canadean



           Table 52: China Solid Fats Market Volume (Kg m) and Growth (Y-o-Y), 2006–16
                                                                2006           2007      2008    2009       2010        2011      2012      2013           2014        2015           2016
            Overall
            Volume                                              761.6      810.6        862.3    909.7     962.8   1,017.5      1,085.3   1,162.5     1,251.1       1,362.3     1,499.1
            Y-o-Y
            growth                                                         6.43%        6.38%   5.50%      5.83%       5.68%     6.66%     7.12%       7.62%          8.89%     10.04%

           Source: Canadean                                                                                                                                            © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                        Page 47

   © Canadean. This product is licensed and is not to be photocopied                                                                                                Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.2.2      Solid Fats Consumption by Segments, 2006–16

           Figure 35: China Solid Fats Consumption (Kg m) by Segments, 2006–16

                                                      1600.0
                 Solid Fats Consumption by Segments




                                                      1400.0

                                                      1200.0

                                                      1000.0
                                (Kg m)




                                                       800.0

                                                       600.0

                                                       400.0

                                                       200.0

                                                         0.0
                                                                 2006     2007    2008      2009    2010    2011       2012    2013        2014      2015      2016

                                                          Ghee          Compound Cooking Fats (CCF)         Lard        Other Solid Fats          Shortening




           Source: Canadean                                                                                                                                 © Canadean



           Table 53: China Solid Fats Consumption (Kg m) by Segments, 2006-11
                                                                                                                                                                   CAGR
            Segment                                                        2006          2007       2008            2009          2010              2011         2006–11
            Ghee                                                         346.56      355.95        366.43          375.43        385.56            395.30           2.67%
            Compound Cooking
            Fats (CCF)                                                    126.7       140.2         154.3           167.6         182.4             197.9           9.33%
            Lard                                                          127.4       138.6         150.4           161.4         173.9             187.2           8.00%
            Other Solid Fats                                               69.1          75.2        81.6            87.3          93.7              99.9           7.67%
            Shortening                                                     91.9       100.6         109.5           118.0         127.3             137.2           8.33%
            Overall                                                       415.1       454.6         495.9           534.3         577.2             622.2           8.43%

           Source: Canadean                                                                                                                                 © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                          Page 48

   © Canadean. This product is licensed and is not to be photocopied                                                                                  Published: April 2012
 CHINA SOLID FATS MARKET ANALYSIS




        Table 54: China Solid Fats Consumption (Kg m) by Segments, 2011–16
                                                                                                                CAGR
         Segment                              2011          2012     2013     2014     2015      2016         2011–16
         Ghee                               395.30        406.26    417.60   429.76   443.69   458.26            3.00%
         Compound Cooking
         Fats (CCF)                          197.9          216.6    236.3    257.9    284.3    314.0            9.67%
         Lard                                187.2          205.2    227.4    252.9    285.7    329.8          12.00%
         Other Solid Fats                     99.9          107.9    117.8    129.3    144.8    165.9          10.67%
         Shortening                          137.2          149.2    163.5    181.2    203.8    231.1          11.00%
         Overall                             622.2          679.0    744.9    821.3    918.6   1,040.8         10.84%

        Source: Canadean                                                                                 © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                          Page 49

© Canadean. This product is licensed and is not to be photocopied                                  Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.3        Solid Fats Market Value Analysis, 2006–16
4.3.1      Solid Fats Market by Value, 2006–16

           Figure 36: China Solid Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16

                                                      25,000.0                                                                                                    9.0%
                 Solid Fats Market by Value (CNY m)




                                                                                                                                                                  8.0%
                                                      20,000.0                                                                                                    7.0%




                                                                                                                                                                           Growth % (Y-O-Y)
                                                                                                                                                                  6.0%
                                                      15,000.0
                                                                                                                                                                  5.0%

                                                                                                                                                                  4.0%
                                                      10,000.0
                                                                                                                                                                  3.0%

                                                       5,000.0                                                                                                    2.0%

                                                                                                                                                                  1.0%

                                                           0.0                                                                                                    0.0%
                                                                  2006      2007     2008     2009    2010      2011   2012     2013    2014      2015   2016

                                                                                               Overall Value           Y-O-Y growth



           Source: Canadean                                                                                                                                     © Canadean



           Table 55: China Solid Fats Market Value (CNY m) and Growth (Y-o-Y), 2006–16
                                                          2006      2007           2008       2009      2010        2011        2012      2013       2014       2015           2016
            Market                                      11,431.   11,997.     12,589.       13,106.   13,700.     14,270.     14,959.   15,719.    16,642.   17,765.     19,167.
            Value                                            6         4           6             3         1           6           4         8          7         8           6
            Y-o-Y
            growth                                                  5.0%           4.9%       4.1%      4.5%        4.2%        4.8%      5.1%       5.9%       6.7%          7.9%

           Source: Canadean                                                                                                                                     © Canadean



           Table 56: China Solid Fats Market Value (USD m) and Growth (Y-o-Y), 2006–16
                                                          2006      2007           2008       2009      2010        2011        2012      2013       2014       2015           2016
            Market
            Value                                       1,435.5   1,579.7     1,814.8       1,921.5   2,026.8     2,211.4     2,318.1   2,435.9    2,579.0   2,753.0     2,970.2
            Y-o-Y
            growth                                                 10.0%       14.9%          5.9%      5.5%        9.1%        4.8%      5.1%       5.9%       6.7%          7.9%

           Source: Canadean                                                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                 Page 50

   © Canadean. This product is licensed and is not to be photocopied                                                                                         Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.3.2      Average Consumer Price/ Kg – Other Oils & Fats, 2006–16

           Figure 37: China Solid Fats Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16

                                                          15.5                                                                                                  0.0%
                Average Consumer Price/ Kg - Solid Fats




                                                          15.0
                                                                                                                                                                -0.5%
                                                          14.5




                                                                                                                                                                          Growth % (Y-O-Y)
                                                          14.0
                                                                                                                                                                -1.0%
                               (CNY)




                                                          13.5

                                                                                                                                                                -1.5%
                                                          13.0

                                                          12.5
                                                                                                                                                                -2.0%
                                                          12.0

                                                          11.5                                                                                                  -2.5%
                                                                    2006     2007     2008   2009     2010   2011    2012    2013    2014     2015     2016

                                                                                                 Avg Price          Y-O-Y growth



           Source: Canadean                                                                                                                                     © Canadean



           Table 57: China Solid Fats Average Consumer Price (CNY) and Growth (Y-o-Y), 2006–16
                                                            2006           2007      2008     2009       2010       2011     2012      2013          2014      2015           2016
            Avg.
            Price                                            15.0          14.8       14.6     14.4      14.2       14.0      13.8     13.5          13.3       13.0              12.8
            Y-o-Y
            growth                                                    -1.39%        -1.36%   -1.32%    -1.23%   -1.43%      -1.72%   -1.90%     -1.62%        -1.97%     -1.95%

           Source: Canadean                                                                                                                                     © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                Page 51

   © Canadean. This product is licensed and is not to be photocopied                                                                                        Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.3.3      Solid Fats Market Value by Segments, 2006–16

           Figure 38: China Solid Fats Market Value (CNY m) by Segments, 2006–16

                                                         25000.0
                   Solid Fats Market Value by Segments




                                                         20000.0


                                                         15000.0
                                 (CNY m)




                                                         10000.0


                                                          5000.0


                                                             0.0
                                                                     2006     2007   2008      2009     2010    2011     2012     2013       2014   2015       2016



                                                                   Ghee      Compound Cooking Fats (CCF)          Lard        Other Solid Fats       Shortening




           Source: Canadean                                                                                                                                   © Canadean



           Table 58: China Solid Fats Market Value (CNY m) by Segments, 2006-11
                                                                                                                                                                      CAGR
            Segment                                                         2006       2007             2008           2009          2010             2011         2006–11
            Compound Cooking
            Fats (CCF)                                                    5,364.8    5,539.3          5,736.2     5,897.9          6,107.3          6,320.5            3.3%
            Lard                                                          1,824.0    1,941.7          2,061.5     2,170.8          2,288.8          2,402.7            5.7%
            Other Solid Fats                                              1,652.5    1,787.3          1,920.8     2,040.6          2,168.6          2,281.8            6.7%
            Shortening                                                    1,011.1    1,061.0          1,112.1     1,156.4          1,205.4          1,250.0            4.3%
            Ghee                                                          1,579.3    1,668.2          1,759.0     1,840.7          1,929.9          2,015.6            5.0%
            Overall                                                       6,066.8    6,458.1          6,853.4     7,208.5          7,592.7          7,950.1            5.6%

           Source: Canadean                                                                                                                                   © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                             Page 52

   © Canadean. This product is licensed and is not to be photocopied                                                                                    Published: April 2012
 CHINA SOLID FATS MARKET ANALYSIS



        Table 59: China Solid Fats Market Value (CNY m) by Segments, 2011–16
                                                                                                                                    CAGR
         Segment                              2011            2012         2013          2014          2015          2016         2011–16
         Compound Cooking
         Fats (CCF)                        6,320.5          6,597.4      6,913.0       7,364.9       7,933.6       8,727.7            6.7%
         Lard                              2,402.7          2,539.9      2,691.1       2,855.2       3,049.3       3,266.3            6.3%
         Other Solid Fats                  2,281.8          2,416.9      2,551.5       2,688.3       2,844.5       3,005.8            5.7%
         Shortening                        1,250.0          1,303.4      1,364.3       1,427.7       1,505.8       1,595.3            5.0%
         Ghee                              2,015.6          2,101.7      2,199.9       2,306.7       2,432.7       2,572.5            5.0%
         Overall                           7,950.1          8,362.0      8,806.8       9,277.8       9,832.1      10,439.9            5.6%

        Source: Canadean                                                                                                     © Canadean



        Table 60: China Solid Fats Market Value (USD m) by Segments, 2006-11
                                                                                                                                    CAGR
         Segment                              2006            2007         2008          2009          2010          2011         2006–11
         Compound Cooking                                729.361238   826.873250
         Fats (CCF)                  673.6552246                  1            3   864.6856303   903.5193332   979.4304263            7.8%
         Lard                                229.0            255.7        297.2         318.3         338.6         372.3           10.2%
         Other Solid Fats                    207.5            235.3        276.9         299.2         320.8         353.6           11.2%
         Shortening                          127.0            139.7        160.3         169.5         178.3         193.7            8.8%
         Ghee                                198.3            219.7        253.6         269.9         285.5         312.3            9.5%
         Overall                             761.8            850.3        987.9       1,056.8       1,123.3       1,231.9           10.1%

        Source: Canadean                                                                                                     © Canadean



        Table 61: China Solid Fats Market Value (USD m) by Segments, 2011–16
                                                                                                                                    CAGR
         Segment                              2011            2012         2013          2014          2015          2016         2011–16
         Compound Cooking                                1022.33932   1071.23119
         Fats (CCF)                  979.4304263                  5            4   1141.267542   1229.392275   1352.437516            6.7%
         Lard                                372.3            393.6        417.0         442.4         472.5         506.1            6.3%
         Other Solid Fats                    353.6            374.5        395.4         416.6         440.8         465.8            5.7%
         Shortening                          193.7            202.0        211.4         221.2         233.3         247.2            5.0%
         Ghee                                312.3            325.7        340.9         357.4         377.0         398.6            5.0%
         Overall                           1,231.9          1,295.8      1,364.7       1,437.7       1,523.6       1,617.8            5.6%

        Source: Canadean                                                                                                     © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                                              Page 53

© Canadean. This product is licensed and is not to be photocopied                                                      Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.4        Ghee Market Analysis, 2006–16
4.4.1      Ghee Market by Volume, 2006–16

           Figure 39: China Ghee Market by Volume (Kg m), 2006–16

                                                500.0                                                                                              3.5%
                 Ghee Market by Volume (Kg m)




                                                450.0
                                                                                                                                                   3.0%
                                                400.0

                                                350.0                                                                                              2.5%




                                                                                                                                                            Growth % (Y-O-Y)
                                                300.0
                                                                                                                                                   2.0%
                                                250.0
                                                                                                                                                   1.5%
                                                200.0

                                                150.0                                                                                              1.0%
                                                100.0
                                                                                                                                                   0.5%
                                                 50.0

                                                  0.0                                                                                              0.0%
                                                        2006     2007   2008    2009     2010   2011     2012   2013      2014     2015   2016

                                                                                 Market Value            Y-o-Y Growth %



           Source: Canadean                                                                                                                       © Canadean



           Table 62: China Ghee Market by Volume (Kg m), 2006–16
                                                    2006        2007     2008    2009       2010        2011     2012       2013      2014        2015          2016
            Overall
            Volume                                  346.6      355.9    366.4    375.4      385.6      395.3    406.3      417.6      429.8      443.7      458.3
            Y-o-Y
            growth                                             2.71%    2.94%   2.46%      2.70%       2.53%    2.77%      2.79%     2.91%       3.24%     3.28%

           Source: Canadean                                                                                                                       © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                  Page 54

   © Canadean. This product is licensed and is not to be photocopied                                                                          Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.4.2      Ghee Market by Value, 2006–16

           Figure 40: China Ghee Market by Value (CNY m), 2006–16

                                                 10,000.0                                                                                                          12.0%
                  Ghee Market by Value (CNY m)




                                                  9,000.0
                                                                                                                                                                   10.0%
                                                  8,000.0

                                                  7,000.0




                                                                                                                                                                             Growth % (Y-O-Y)
                                                                                                                                                                   8.0%
                                                  6,000.0

                                                  5,000.0                                                                                                          6.0%

                                                  4,000.0
                                                                                                                                                                   4.0%
                                                  3,000.0

                                                  2,000.0
                                                                                                                                                                   2.0%
                                                  1,000.0

                                                      0.0                                                                                                          0.0%
                                                             2006      2007     2008    2009     2010      2011     2012    2013     2014      2015     2016

                                                                                         Overall Volume               Y-O-Y growth



           Source: Canadean                                                                                                                                       © Canadean



           Table 63: China Ghee Market by Value (CNY m), 2006–16
                                                     2006      2007           2008       2009      2010           2011       2012      2013           2014        2015           2016
            Market
            Value                                  5,364.8   5,539.3     5,736.2       5,897.9   6,107.3     6,320.5       6,597.4   6,913.0     7,364.9       7,933.6     8,727.7
            Y-o-Y
            growth                                             3.3%           3.6%       2.8%      3.6%           3.5%       4.4%      4.8%           6.5%        7.7%      10.0%

           Source: Canadean                                                                                                                                       © Canadean



           Table 64: China Ghee Market by Value (USD m), 2006–16
                                                     2006      2007           2008       2009      2010           2011       2012      2013           2014        2015           2016
            Market
            Value                                    673.7     729.4          826.9     864.7      903.5          979.4    1,022.3   1,071.2     1,141.3       1,229.4     1,352.4
            Y-o-Y
            growth                                             8.3%       13.4%          4.6%      4.5%           8.4%       4.4%      4.8%           6.5%        7.7%      10.0%

           Source: Canadean                                                                                                                                       © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                   Page 55

   © Canadean. This product is licensed and is not to be photocopied                                                                                           Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.5        Compound Cooking Fats (CCF) Market Analysis, 2006–16
4.5.1      Compound Cooking Fats (CCF) Market by Volume, 2006–16

           Figure 41: China Compound Cooking Fats (CCF) Market by Volume (Kg m), 2006–16

                                                          350.0                                                                                                  12.0%
                  Compound Cooking Fats (CCF) Market by




                                                          300.0                                                                                                  10.0%

                                                          250.0




                                                                                                                                                                            Growth % (Y-O-Y)
                                                                                                                                                                 8.0%
                            Volume (Kg m)




                                                          200.0
                                                                                                                                                                 6.0%
                                                          150.0
                                                                                                                                                                 4.0%
                                                          100.0

                                                           50.0                                                                                                  2.0%


                                                            0.0                                                                                                  0.0%
                                                                  2006     2007     2008   2009    2010     2011     2012   2013     2014     2015     2016


                                                                                           Market Value             Y-o-Y Growth %



           Source: Canadean                                                                                                                                      © Canadean



           Table 65: China Compound Cooking Fats (CCF) Market by Volume (Kg m), 2006–16
                                                          2006     2007           2008     2009      2010          2011     2012       2013          2014        2015              2016
            Overall
            Volume                                        126.7    140.2      154.3        167.6    182.4      197.9        216.6     236.3          257.9      284.3         314.0
            Y-o-Y
            growth                                                10.7%       10.0%        8.6%      8.8%          8.5%     9.4%       9.1%          9.2%       10.2%      10.5%

           Source: Canadean                                                                                                                                      © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                  Page 56

   © Canadean. This product is licensed and is not to be photocopied                                                                                          Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.5.2      Compound Cooking Fats (CCF) Market by Value, 2006–16

           Figure 42: China Compound Cooking Fats (CCF) Market by Value (CNY m), 2006–16

                                                          3,500.0                                                                                                    8.0%
                  Compound Cooking Fats (CCF) Market by




                                                          3,000.0                                                                                                    7.0%

                                                                                                                                                                     6.0%
                                                          2,500.0




                                                                                                                                                                              Growth % (Y-O-Y)
                                                                                                                                                                     5.0%
                            Value (CNY m)




                                                          2,000.0
                                                                                                                                                                     4.0%
                                                          1,500.0
                                                                                                                                                                     3.0%
                                                          1,000.0
                                                                                                                                                                     2.0%

                                                            500.0                                                                                                    1.0%

                                                               0.0                                                                                                   0.0%
                                                                      2006     2007   2008    2009   2010      2011    2012     2013    2014      2015     2016


                                                                                             Market Value             Y-o-Y Growth %



           Source: Canadean                                                                                                                                          © Canadean



           Table 66: China Compound Cooking Fats (CCF) Market by Value (CNY m), 2006–16
                                                            2006       2007       2008       2009      2010        2011         2012      2013           2014        2015                        2016
            Market
            Value                                         1,824.0    1,941.7    2,061.5   2,170.8    2,288.8     2,402.7      2,539.9   2,691.1     2,855.2       3,049.3     3,266.3
            Y-o-Y
            growth                                                     6.5%       6.2%       5.3%      5.4%        5.0%         5.7%      6.0%           6.1%        6.8%                        7.1%

           Source: Canadean                                                                                                                                          © Canadean



           Table 67: China Compound Cooking Fats (CCF) Market by Value (USD m), 2006–16
                                                            2006       2007       2008       2009      2010        2011         2012      2013           2014        2015                        2016
            Market
            Value                                          229.0      255.7      297.2       318.3    338.6       372.3        393.6     417.0           442.4      472.5                 506.1
            Y-o-Y
            growth                                                    11.6%      16.2%       7.1%      6.4%       10.0%         5.7%      6.0%           6.1%        6.8%                        7.1%

           Source: Canadean                                                                                                                                          © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                        Page 57

   © Canadean. This product is licensed and is not to be photocopied                                                                                              Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.6        Lard Market Analysis, 2006–16
4.6.1      Lard Market by Volume, 2006–16

           Figure 43: China Lard Market by Volume (Kg m), 2006–16

                                                 350.0                                                                                            18.0%
                  Lard Market by Volume (Kg m)




                                                                                                                                                  16.0%
                                                 300.0
                                                                                                                                                  14.0%
                                                 250.0




                                                                                                                                                             Growth % (Y-O-Y)
                                                                                                                                                  12.0%
                                                 200.0                                                                                            10.0%

                                                 150.0                                                                                            8.0%

                                                                                                                                                  6.0%
                                                 100.0
                                                                                                                                                  4.0%
                                                  50.0
                                                                                                                                                  2.0%

                                                   0.0                                                                                            0.0%
                                                           2006   2007    2008   2009    2010    2011    2012   2013    2014   2015     2016


                                                                                  Market Value           Y-o-Y Growth %



           Source: Canadean                                                                                                                       © Canadean



           Table 68: China Lard Market by Volume (Kg m), 2006–16
                                                    2006      2007       2008     2009      2010        2011    2012       2013       2014        2015              2016
            Overall
            Volume                                 127.4      138.6      150.4   161.4     173.9        187.2   205.2     227.4       252.9      285.7         329.8
            Y-o-Y
            growth                                            8.8%       8.5%     7.3%      7.7%        7.6%    9.7%      10.8%   11.2%          13.0%      15.4%

           Source: Canadean                                                                                                                       © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                   Page 58

   © Canadean. This product is licensed and is not to be photocopied                                                                           Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.6.2      Lard Market by Value, 2006–16

           Figure 44: China Lard Market by Value (CNY m), 2006–16

                                                3,500.0                                                                                                      9.0%
                 Lard Market by Value (CNY m)




                                                                                                                                                             8.0%
                                                3,000.0
                                                                                                                                                             7.0%
                                                2,500.0




                                                                                                                                                                      Growth % (Y-O-Y)
                                                                                                                                                             6.0%
                                                2,000.0                                                                                                      5.0%

                                                1,500.0                                                                                                      4.0%

                                                                                                                                                             3.0%
                                                1,000.0
                                                                                                                                                             2.0%
                                                 500.0
                                                                                                                                                             1.0%

                                                    0.0                                                                                                      0.0%
                                                          2006      2007   2008     2009    2010      2011     2012     2013    2014      2015     2016


                                                                                    Market Value              Y-o-Y Growth %



           Source: Canadean                                                                                                                                  © Canadean



           Table 69: China Lard Market by Value (CNY m), 2006–16
                                                  2006      2007        2008        2009      2010           2011       2012      2013           2014        2015                        2016
            Market
            Value                               1,652.5   1,787.3     1,920.8     2,040.6   2,168.6     2,281.8       2,416.9   2,551.5     2,688.3       2,844.5     3,005.8
            Y-o-Y
            growth                                          8.2%        7.5%        6.2%      6.3%           5.2%       5.9%      5.6%           5.4%        5.8%                        5.7%

           Source: Canadean                                                                                                                                  © Canadean



           Table 70: China Lard Market by Value (USD m), 2006–16
                                                  2006      2007        2008        2009      2010           2011       2012      2013           2014        2015                        2016
            Market
            Value                                 207.5    235.3       276.9       299.2     320.8       353.6         374.5     395.4           416.6      440.8                 465.8
            Y-o-Y
            growth                                         13.4%       17.7%        8.0%      7.2%       10.2%          5.9%      5.6%           5.4%        5.8%                        5.7%

           Source: Canadean                                                                                                                                  © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                Page 59

   © Canadean. This product is licensed and is not to be photocopied                                                                                      Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.7        Other Solid Fats Market Analysis, 2006–16
4.7.1      Other Solid Fats Market by Volume, 2006–16

           Figure 45: China Other Solid Fats Market by Volume (Kg m), 2006–16

                                                            180.0                                                                                                16.0%
                 Other Solid Fats Market by Volume (Kg m)




                                                            160.0                                                                                                14.0%
                                                            140.0
                                                                                                                                                                 12.0%




                                                                                                                                                                            Growth % (Y-O-Y)
                                                            120.0
                                                                                                                                                                 10.0%
                                                            100.0
                                                                                                                                                                 8.0%
                                                             80.0
                                                                                                                                                                 6.0%
                                                             60.0
                                                                                                                                                                 4.0%
                                                             40.0

                                                             20.0                                                                                                2.0%

                                                              0.0                                                                                                0.0%
                                                                       2006     2007   2008   2009     2010     2011    2012   2013    2014   2015     2016


                                                                                               Market Value             Y-o-Y Growth %



           Source: Canadean                                                                                                                                      © Canadean



           Table 71: China Other Solid Fats Market by Volume (Kg m), 2006–16
                                                                2006          2007     2008    2009       2010         2011     2012     2013        2014        2015              2016
            Overall
            Volume                                              69.1          75.2     81.6     87.3          93.7     99.9    107.9     117.8       129.3      144.8         165.9
            Y-o-Y
            growth                                                            8.8%     8.5%    7.0%       7.3%         6.7%    8.0%      9.2%        9.8%       12.0%      14.5%

           Source: Canadean                                                                                                                                      © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                  Page 60

   © Canadean. This product is licensed and is not to be photocopied                                                                                          Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.7.2      Other Solid Fats Market by Value, 2006–16

           Figure 46: China Other Solid Fats Market by Value (CNY m), 2006–16

                                                            1,800.0                                                                                                     7.0%
                 Other Solid Fats Market by Value (CNY m)




                                                            1,600.0
                                                                                                                                                                        6.0%
                                                            1,400.0
                                                                                                                                                                        5.0%




                                                                                                                                                                                 Growth % (Y-O-Y)
                                                            1,200.0

                                                            1,000.0                                                                                                     4.0%

                                                             800.0                                                                                                      3.0%
                                                             600.0
                                                                                                                                                                        2.0%
                                                             400.0
                                                                                                                                                                        1.0%
                                                             200.0

                                                                0.0                                                                                                     0.0%
                                                                         2006   2007     2008    2009     2010      2011     2012     2013    2014      2015   2016

                                                                                                  Market Value              Y-o-Y Growth %



           Source: Canadean                                                                                                                                           © Canadean



           Table 72: China Other Solid Fats Market by Value (CNY m), 2006–16
                                                                 2006       2007        2008      2009      2010           2011       2012      2013       2014       2015           2016
            Market
            Value                                              1,011.1    1,061.0   1,112.1     1,156.4   1,205.4     1,250.0       1,303.4   1,364.3    1,427.7   1,505.8     1,595.3
            Y-o-Y
            growth                                                          4.9%       4.8%       4.0%      4.2%           3.7%       4.3%      4.7%       4.6%       5.5%          5.9%

           Source: Canadean                                                                                                                                           © Canadean



           Table 73: China Other Solid Fats Market by Value (USD m), 2006–16
                                                                 2006       2007        2008      2009      2010           2011       2012      2013       2014       2015           2016
            Market
            Value                                               127.0       139.7      160.3     169.5      178.3          193.7     202.0     211.4       221.2      233.3      247.2
            Y-o-Y
            growth                                                         10.0%       14.8%      5.8%      5.2%           8.6%       4.3%      4.7%       4.6%       5.5%          5.9%

           Source: Canadean                                                                                                                                           © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                       Page 61

   © Canadean. This product is licensed and is not to be photocopied                                                                                               Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.8        Shortening Market Analysis, 2006–16
4.8.1      Shortening Market by Volume, 2006–16

           Figure 47: China Shortening Market by Volume (Kg m), 2006–16

                                                      250.0                                                                                                     16.0%
                 Shortening Market by Volume (Kg m)




                                                                                                                                                                14.0%
                                                      200.0
                                                                                                                                                                12.0%




                                                                                                                                                                          Growth % (Y-O-Y)
                                                                                                                                                                10.0%
                                                      150.0

                                                                                                                                                                8.0%

                                                      100.0
                                                                                                                                                                6.0%

                                                                                                                                                                4.0%
                                                       50.0
                                                                                                                                                                2.0%

                                                        0.0                                                                                                     0.0%
                                                                 2006     2007   2008    2009     2010     2011    2012   2013    2014      2015     2016

                                                                                           Market Value            Y-o-Y Growth %



           Source: Canadean                                                                                                                                    © Canadean



           Table 74: China Shortening Market by Volume (Kg m), 2006–16
                                                          2006          2007     2008      2009          2010     2011     2012     2013           2014        2015           2016
            Overall
            Volume                                            91.9      100.6    109.5    118.0      127.3        137.2   149.2     163.5          181.2      203.8       231.1
            Y-o-Y
            growth                                                      9.4%     8.9%      7.7%      7.9%         7.8%     8.8%     9.5%       10.8%          12.5%      13.4%

           Source: Canadean                                                                                                                                    © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                Page 62

   © Canadean. This product is licensed and is not to be photocopied                                                                                        Published: April 2012
    CHINA SOLID FATS MARKET ANALYSIS



4.8.2      Shortening Market by Value, 2006–16

           Figure 48: China Shortening Market by Value (CNY m), 2006–16

                                                     3,000.0                                                                                                     7.0%
                Shortening Market by Value (CNY m)




                                                     2,500.0                                                                                                     6.0%

                                                                                                                                                                 5.0%




                                                                                                                                                                          Growth % (Y-O-Y)
                                                     2,000.0
                                                                                                                                                                 4.0%
                                                     1,500.0
                                                                                                                                                                 3.0%
                                                     1,000.0
                                                                                                                                                                 2.0%

                                                      500.0                                                                                                      1.0%

                                                         0.0                                                                                                     0.0%
                                                                  2006   2007     2008    2009     2010      2011     2012     2013    2014      2015   2016

                                                                                           Market Value               Y-o-Y Growth %



           Source: Canadean                                                                                                                                    © Canadean



           Table 75: China Shortening Market by Value (CNY m), 2006–16
                                                          2006       2007        2008      2009      2010           2011       2012      2013       2014       2015           2016
            Market
            Value                                       1,579.3    1,668.2   1,759.0     1,840.7   1,929.9     2,015.6       2,101.7   2,199.9    2,306.7   2,432.7     2,572.5
            Y-o-Y
            growth                                                   5.6%       5.4%       4.6%      4.8%           4.4%       4.3%      4.7%       4.9%       5.5%          5.7%

           Source: Canadean                                                                                                                                    © Canadean



           Table 76: China Shortening Market by Value (USD m), 2006–16
                                                          2006       2007        2008      2009      2010           2011       2012      2013       2014       2015           2016
            Market
            Value                                        198.3       219.7      253.6     269.9      285.5          312.3     325.7     340.9       357.4      377.0      398.6
            Y-o-Y
            growth                                                  10.8%       15.4%      6.4%      5.8%           9.4%       4.3%      4.7%       4.9%       5.5%          5.7%

           Source: Canadean                                                                                                                                    © Canadean




   The Future of the Oils & Fats Market in China, to 2016                                                                                                                Page 63

   © Canadean. This product is licensed and is not to be photocopied                                                                                        Published: April 2012
      CHINA SOLID FATS MARKET ANALYSIS



4.9       Solid Fats Market Value by Distribution Channel, 2008-11

          Figure 49: China Solid Fats Market Value by Distribution Channel (CNY m), 2008-11

                                                          16000.0
                Solid Fats Market Value by Distribution




                                                          14000.0

                                                          12000.0
                           Channel (CNY m)




                                                          10000.0

                                                           8000.0

                                                           6000.0

                                                           4000.0

                                                           2000.0

                                                              0.0
                                                                            2008                   2009                 2010                 2011

                                                              “Dollar Stores”, Variety Stores   Hypermarkets & Supermarkets    Convenience Stores

                                                              Food & drinks specialists         Others



          Source: Canadean                                                                                                                          © Canadean




  The Future of the Oils & Fats Market in China, to 2016                                                                                                    Page 64

  © Canadean. This product is licensed and is not to be photocopied                                                                            Published: April 2012
 CHINA SOLID FATS MARKET ANALYSIS



        Table 77: China Solid Fats Market Value by Distribution Channel (CNY m), 2008-11
                                                                                                                     CAGR
         Distribution Channel                                       2008      2009       2010       2011            2008-11
         Cash & Carries & Warehouse Clubs                            0.0        0.0        0.0        0.0              0.0%
         “Dollar Stores”, Variety Stores &
         Merchandise Stores                                         60.5       72.3      82.2        92.5             15.2%
         Hypermarkets & Supermarkets                          6,222.8       6,490.5    6,784.9    7,067.6              4.3%
         Convenience Stores                                   5,788.8       6,042.7    6,333.9    6,615.5              4.5%
         Food & drinks specialists                              299.8        314.9      332.0      349.1               5.2%
         Department Stores                                           0.0        0.0        0.0        0.0              0.0%
         Vending machines                                            0.0        0.0        0.0        0.0              0.0%
         Drug stores & Pharmacies                                    0.0        0.0        0.0        0.0              0.0%
         eRetailers                                                  0.0        0.0        0.0        0.0              0.0%
         Others                                                 217.7        186.0      167.2      145.9             -12.5%
         Overall                                             12,589.6      13,106.3   13,700.1   14,270.6              4.3%

        Source: Canadean                                                                                    © Canadean



        Table 78: China Solid Fats Market Value by Distribution Channel (USD m), 2008-11
                                                                                                                     CAGR
         Distribution Channel                                       2008      2009       2010       2011            2008-11
         Cash & Carries & Warehouse Clubs                            0.0        0.0        0.0        0.0              0.0%
         “Dollar Stores”, Variety Stores &
         Merchandise Stores                                          8.7       10.6      12.2        14.3             18.0%
         Hypermarkets & Supermarkets                            897.0        951.6     1,003.8    1,095.2              6.9%
         Convenience Stores                                     834.5        885.9      937.0     1,025.1              7.1%
         Food & drinks specialists                                  43.2       46.2      49.1        54.1              7.8%
         Department Stores                                           0.0        0.0        0.0        0.0              0.0%
         Vending machines                                            0.0        0.0        0.0        0.0              0.0%
         Drug stores & Pharmacies                                    0.0        0.0        0.0        0.0              0.0%
         eRetailers                                                  0.0        0.0        0.0        0.0              0.0%
         Others                                                     31.4       27.3      24.7        22.6            -10.3%
         Overall                                              1,814.8       1,921.5    2,026.8    2,211.4              6.8%

        Source: Canadean                                                                                    © Canadean




The Future of the Oils & Fats Market in China, to 2016                                                               Page 65

© Canadean. This product is licensed and is not to be photocopied                                       Published: April 2012
      APPENDIX


5           Methodology
            Canadean’s dedicated research and analysis teams consist of experienced professionals with an industry
            background in marketing, market research, consulting and advanced statistical expertise.

            Canadean adheres to the Codes of Practice of the Market Research Society (www.mrs.org.China) and the
            Society of Competitive Intelligence Professionals (www.scip.org).

            All Canadean databases are continuously updated and revised.

5.1         About Canadean

            Canadean is a full-service market research agency and premium business information provider, specializing in
            the beverage and allied industries with reliable, value added market research and strategic analysis. Our
            products and services help companies to make better decisions, win business and position themselves more
            effectively.

            Canadean’s areas of expertise include online research, qualitative and quantitative research, industry analysis,
            custom approaches, and actionable insights.

            Canadean have built a network of more than 60 country consultants and specialist researchers, each with in-
            depth industry experience and expertise enabling us to conduct unique and insightful research via our trusted
            business communities.

5.2         Disclaimer

            All Rights Reserved.

            No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any
            means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the
            publisher, Canadean.

            The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please
            note that the findings, conclusions and recommendations that Canadean delivers will be based on information
            gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a
            position to guarantee. As such, Canadean can accept no liability whatsoever for actions taken based on any
            information that may subsequently prove to be incorrect.




    The Future of the Oils & Fats Market in China, to 2016                                                             Page 66

    © Canadean. This product is licensed and is not to be photocopied                                     Published: April 2012

						
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