Margarine & Cooking Oil Processing in the US
The Margarine and Cooking Oil Processing industry has experienced revenue declines over the five years to 2019 due to falling input commodities prices, such as soybeans, oilseeds and corn. Producers have responded by dropping product prices in line with commodity costs, which has pushed revenue figures downward. Due to growing health consciousness among consumers, demand for edible vegetable oils has strengthened while demand for animal-derived fats has declined. As a result, producers have introduced a greater variety of edible oils that are marketed as healthier alternatives to not only animal-derived fats but also traditional cooking oil and margarine. Over the five years to 2024, revenue is anticipated to increase as operators restructure 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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