Edible Oils Manufacturing Industry Profile

Companies in this industry manufacture oils through wet-milling corn (separating corn into its basic components); processing soybeans, tree nuts, and vegetables into oil; refining vegetable fats; and blending vegetable fats with purchased animal fats. Major companies include ADM, Bunge, Cargill, CHS, and Ingredion, all based in the US; as well as Adani Wilmar and Ruchi Soya (both from India), Associated British Foods (UK), Avril Group (France), COFCO (China), GrainCorp (Australia), and Nisshin Oillio (Japan).

Global edible oils market is forecast to reach a CAGR of 7.1% for 2021-2028 forecast period, according to Data Bridge Market Research. Brazil overtook the US as the leading soybean producing country in 2020, according to Statista. China leads the soybean oil production worldwide. Population increases and rising demand for animal protein in developing nations have driven growth in the market for livestock feed, which is highly dependent upon global corn and soybean production. China, India, Brazil, and the US are the largest livestock producers.

The US edible oils manufacturing industry includes about 350 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $55 billion. The edible oils manufacturing industry doesn't include companies that render or refine animal fats, wet-mill corn into ethyl alcohol, or mill-dry corn for flour.

COMPETITIVE LANDSCAPE

Demand is driven by shifting consumer attitudes toward different types of sweeteners, fats, and food oils; as well as livestock production trends, ...