Edible Oils Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 11/13/2017
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 Archer Daniels Midland, Bunge, Cargill, CHS, and Ingredion, all based in the US; as well as Avril Group (France), GrainCorp (Australia), Nisshin Oillio (Japan), and Ruchi Soya (India).

The US edible oils manufacturing industry includes about 200 companies with combined annual revenue of about $65 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, 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 operating efficiently. Large companies have advantages in purchasing, distribution, and marketing. Small operations can compete effectively by serving a local market or offering specialized products. The US industry is highly concentrated: the eight largest companies account for about 75% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include soybean cake and meal; shortening and cooking oils; and corn sweeteners. Other products include margarine, butter blends, butter substitutes, and soybean oil.

To produce soybean meal and oil, beans are transported by ...

 
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