Margarine & Cooking Oil Processing in the US - Industry Market Research Report

Margarine & Cooking Oil Processing in the US - Industry Market Research Report

Margarine & Cooking Oil Processing in the US

Margarine and cooking oil processors produce vegetable oil, shortening, margarine and starches for sale to food service establishments, food and energy producers, wholesalers and retailers. The industry grew volatile as input prices fluctuated heavily. Amid the pandemic, high prices of key agricultural inputs drove revenue. Processors also encountered elevated demand for the industry's products, particularly nonperishable ones, in 2020 as the pandemic caused consumer stockpiling habits. Overall, revenue is anticipated to swell at a CAGR of 5.5% to $90.0 billion over the five years to 2023, despite 4.7% dip in 2023 alone, as recovering agricultural inventories cause the industry's selling prices to drop.

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.