Margarine & Cooking Oil Processing in the US
The Margarine and Cooking Oil Processing industry has experienced revenue declines over the five years to 2018, due to the fall in the price of input commodities such as soybeans, oilseeds and corn. Producers have responded by dropping product prices in line with commodity costs, which has pushed revenue figures downwards. Meanwhile, due to growing health consciousness among consumers, demand for edible vegetable oils has strengthened, while demand for animal-derived fats has declined. Over the next five years, revenue is anticipated to increase in 2023. Industry operators have noticed consumer preferences shifting away from artificial buttery spreads, and in response, operators are restructuring product lines to better fit demand for healthy, organic products.
Operators in this industry produce vegetable oil, shortening and margarine. Activities include wet milling corn and vegetables, crushing oilseeds and tree nuts, refining and blending vegetable oils and blending purchased animal fats with vegetable fats. The industry also includes starch production.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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