cooking vegetable oil refining equipment plant in South Korea

South Korean refiners step up biofuel business projects

  • cooking vegetable oil refining equipment plant in South Korea
  • cooking vegetable oil refining equipment plant in South Korea
  • cooking vegetable oil refining equipment plant in South Korea
  • cooking vegetable oil refining equipment plant in South Korea

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Companies Edible vegetable oil and fat processing plant and equipment

Edible vegetable oils from oil crops: Preparation, refining

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  • Which cooking oil commodity grew the most in South Korea?
  • Among South Korea's cooking oil commodities, sunflower-seed, safflower or cotton-seed oil is the commodity that recorded the highest growth between 2017 and 2021 with a CAGR of 21.6%, while groundnut oil and its fractions recorded the largest decline with a CAGR of 2.3%.
  • Does South Korea import vegetable oils?
  • From 2017 to 2020, South Korea's imports of vegetable oils increased by a CAGR of 16.1%. In 2021, Canada was South Korea's fourth largest supplier of vegetable oils. South Korea's imports of Canadian vegetable oils were valued at US$204.2 million. From 2017 to 2021, imports of Canadian vegetable oils increased by a CAGR of 16.5%.
  • What is the largest cooking oil brand in South Korea?
  • In 2021, Beksul and Ottogi were the two largest cooking oils brand in South Korea with sales valued at US$155.7 million (market share of 32.5%) and US$63.7 million (market share of 13.3%), respectively. In 2021, sales of cooking oils through non-store retailing were valued US$77.6 million, representing a market share of 16.2%.
  • How many cooking oil products are there in South Korea?
  • According to Mintel's global new products database (GNPD), there were 471 new cooking oil products launched in South Korea from 2017 to 2021. In 2021, the top five claims of cooking oils offered were organic, premium, kosher ethical - environmentally friendly package, and ethical - recycling.

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