Edible Oils Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/25/2024
SIC Codes: 2046, 2075, 2076, 2079
NAICS Codes: 31122
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from 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 8.1% from 2023 to 2030, according to Data Bridge Market Research. Indonesia currently dominated the top producing country for edible oils, followed by China, Malaysia, and the US, according to Report Linker. The US, Brazil, EU, and China, are the largest beef producers, according to Meatloaf Pro.

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.


Demand is driven by shifting consumer attitudes toward different types of sweeteners, fats, and food oils; as well as livestock production trends, as soybean meal is used to feed poultry, swine, and cattle. The profitability of individual companies depends on managing raw material costs, leveraging federal farm subsidies, and ...

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