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US NAICS 31122 | Industry Report

Margarine & Cooking Oil Processing in the US Industry Data and Analysis

FI
Federico Irigoyen
Analyst New York, United States May 2025

The Margarine & Cooking Oil Processing industry in the US is currently navigating a time of significant change, driven by evolving consumer preferences and external supply chain pressures. Recently, plant-based eating habits have grown rapidly, with more consumers seeking vegan margarines and specialty oils, such as those derived from avocado, sunflower and coconut. Producers and major brands are reformulating products to meet health, environmental and ethical expectations, fueling a wave of innovation and marketing activity. At the same time, supply disruptions and rising raw material costs—shaped by everything from the pandemic to geopolitical events—have made managing profitability and product availability especially challenging. Overall, revenue is anticipated to climb at a CAGR of 4.4% to $88.7 billion over the five years to 2025, despite a 3.1% dip in 2025 alone.

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What's included in this industry analysis

IBISWorld's research coverage on the Margarine & Cooking Oil Processing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.

About this industry

What's this industry report about?

The Margarine & Cooking Oil Processing industry in the United States operates under the NAICS industry code 31122. 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. Related terms covered in the Margarine & Cooking Oil Processing industry in the United States include hazard analysis critical control point (haccp), trans-fat, vertical integration and high-fructose corn syrup (hfcs).

What's included in this industry?

Products and services covered in Margarine & Cooking Oil Processing industry in the United States include Wet corn milling, Soybean oil and Soybean cake and meal.

What companies are included in this industry?

Companies covered in the Margarine & Cooking Oil Processing industry in the United States include Archer-Daniels-Midland Co, Bunge Limited and Chs Inc.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Margarine & Cooking Oil Processing industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Margarine & Cooking Oil Processing industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Margarine & Cooking Oil Processing industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Margarine & Cooking Oil Processing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Margarine & Cooking Oil Processing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Margarine & Cooking Oil Processing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Margarine & Cooking Oil Processing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Margarine & Cooking Oil Processing industry in the United States.

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Frequently Asked Questions

What is the market size of the Margarine & Cooking Oil Processing industry in the United States in 2026?

The market size of the Margarine & Cooking Oil Processing industry in the United States is $88.7bn in 2026.

How many businesses are there in the Margarine & Cooking Oil Processing industry in the United States in 2025?

There are 211 businesses in the Margarine & Cooking Oil Processing industry in the United States, which has declined at a CAGR of 0.2 % between 2020 and 2025.

How may import tariffs affect the Margarine & Cooking Oil Processing industry in the United States?

The Margarine & Cooking Oil Processing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.

How may export tariffs affect the Margarine & Cooking Oil Processing industry in the United States?

The Margarine & Cooking Oil Processing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.

Has the Margarine & Cooking Oil Processing industry in the United States grown or declined over the past 5 years?

The market size of the Margarine & Cooking Oil Processing industry in the United States has been growing at a CAGR of 4.4 % between 2020 and 2025.

What is the forecast growth of the Margarine & Cooking Oil Processing industry in the United States over the next 5 years?

Over the next five years, the Margarine & Cooking Oil Processing industry in the United States is expected to grow.

What are the biggest companies in the Margarine & Cooking Oil Processing industry in the United States?

The biggest companies operating in the Margarine & Cooking Oil Processing industry in the United States are Archer-Daniels-Midland Co, Bunge Limited and Chs Inc.

What does the Margarine & Cooking Oil Processing industry in the United States include?

Starch manufacturing and Deodorized vegetable oil manufacturing are part of the Margarine & Cooking Oil Processing industry in the United States.

Which companies have the highest market share in the Margarine & Cooking Oil Processing industry in the United States?

The company holding the most market share in the Margarine & Cooking Oil Processing industry in the United States is Archer-Daniels-Midland Co.

How competitive is the Margarine & Cooking Oil Processing industry in the United States?

The level of competition is moderate and increasing in the Margarine & Cooking Oil Processing industry in the United States.

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