Edible Oils Manufacturing
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.
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 20 largest companies account for about 90% of industry revenue.
Exports, mainly to Mexico, Canada, and the Philippines, represent about 20% of US production. Imports account for about 20% of the US market. Edible oil imports come mainly from Canada, Indonesia, Spain, and Italy.
Products, Operations & Technology
Major products of fully refined fats and oils, accounting for about 25% of the industry revenue, followed by soybean oil (20%), corn sweeteners (20%),
... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms