Industry Description
This U.S. industry comprises establishments primarily engaged in crushing oilseeds and tree nuts, such as soybeans, cottonseeds, linseeds, peanuts, and sunflower seeds. Examples of products produced in these establishments are oilseed oils, cakes, meals, and protein isolates and concentrates.
Cross-References. Establishments primarily engaged in--
Business Examples
Common types of business activities within NAICS 311224 - Soybean and Other Oilseed Processing are:
- Linseed oil, cake and meal, made in crushing mills
- Rapeseed (i.e., canola) oil made in crushing mills
- Cottonseed oil, cake and meal, made in crushing mills
- Soybean cakes and meal manufacturing
- Flaxseed oil made in crushing mills
- Soybean oil, refined, made in crushing mills
- Shortening made in crushing mills
- Tree nut oils (e.g., tung, walnut) made in crushing mill
- Coconut oil made in crushing mills
- Peanut cake, meal, and oil made in crushing mills
- Olive oil made in crushing mills
- Soybean oil, crude, manufacturing
- Canola (rapeseed) oil, cake and meal, made in crushing mills
- Castor oil and pomace made in crushing mills
- Sunflower seed oil, cake and meal, made in crushing mills
- Lecithin, soybean, made in crushing mills
- Vegetable oils made in crushing mills
- Soybean flour and grits manufacturing
- Soybean oil, cake, and meal, made in crushing mills
- Lecithin, cottonseed, made in crushing mills
- Palm-kernel oil, cake, and meal made in crushing mills
- Soybean oil, deodorized, made in oil mills
- Soybean millfeed made in oil mills
- Soybean protein isolates made in crushing mills
- Soybean protein concentrates made in crushing mills
- Soybean oil mills
- Safflower oil made in crushing mills
IBISWorld Industry Research Report
Margarine & Cooking Oil Processing in the US (31122)
Revenue 2025
$88.7bn
Growth 2025
-3.09%
Key Trends
The industry has faced a shift in consumer preference toward health-conscious and all-natural products
Revenue has moved in tandem with input cost movements
Slight declines in main input costs will likely enable companies to raise prices
Products and Services
Similar Industries
For some business types, there may be a similar industry to 311224 - Soybean and Other Oilseed Processing that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Wet milling corn and other vegetables--are classified in U.S. Industry 311221, Wet Corn Milling; and
IBISWorld industry research report
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NAICS Cross Reference
Refining and/or blending vegetable, oilseed, and tree nut oils from purchased oils--are classified in U.S. Industry 311225, Fats and Oils Refining and Blending.
IBISWorld industry research report
NAICS Hierarchy 311224 - Soybean and Other Oilseed Processing
NAICS Code 311224 - Soybean and Other Oilseed Processing sits in the 2-digit Soybean and Other Oilseed Processing sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 31-33
Sector Title: Manufacturing
3 Digits 4 Digits 5 Digits 6 Digits
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3111 Animal Food Manufacturing
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31111 Animal Food Manufacturing
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3112 Grain and Oilseed Milling
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31121 Flour Milling and Malt Manufacturing
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31122 Starch and Vegetable Fats and Oils Manufacturing
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31123 Breakfast Cereal Manufacturing
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3113 Sugar and Confectionery Product Manufacturing
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31131 Sugar Manufacturing
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31134 Nonchocolate Confectionery Manufacturing
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31135 Chocolate and Confectionery Manufacturing
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3114 Fruit and Vegetable Preserving and Specialty Food Manufacturing
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31141 Frozen Food Manufacturing
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31142 Fruit and Vegetable Canning, Pickling, and Drying
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3115 Dairy Product Manufacturing
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31151 Dairy Product (except Frozen) Manufacturing
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31152 Ice Cream and Frozen Dessert Manufacturing
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3116 Animal Slaughtering and Processing
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31161 Animal Slaughtering and Processing
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3117 Seafood Product Preparation and Packaging
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31171 Seafood Product Preparation and Packaging
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3118 Bakeries and Tortilla Manufacturing
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31181 Bread and Bakery Product Manufacturing
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31182 Cookie, Cracker, and Pasta Manufacturing
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31183 Tortilla Manufacturing
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3119 Other Food Manufacturing
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31191 Snack Food Manufacturing
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31192 Coffee and Tea Manufacturing
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31193 Flavoring Syrup and Concentrate Manufacturing
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31194 Seasoning and Dressing Manufacturing
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31199 All Other Food Manufacturing
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3121 Beverage Manufacturing
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31211 Soft Drink and Ice Manufacturing
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31212 Breweries
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31213 Wineries
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31214 Distilleries
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3122 Tobacco Manufacturing
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31223 Tobacco Manufacturing
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3131 Fiber, Yarn, and Thread Mills
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31311 Fiber, Yarn, and Thread Mills
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3132 Fabric Mills
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31321 Broadwoven Fabric Mills
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31322 Narrow Fabric Mills and Schiffli Machine Embroidery
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31323 Nonwoven Fabric Mills
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31324 Knit Fabric Mills
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3133 Textile and Fabric Finishing and Fabric Coating Mills
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31331 Textile and Fabric Finishing Mills
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31332 Fabric Coating Mills
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3141 Textile Furnishings Mills
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31411 Carpet and Rug Mills
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31412 Curtain and Linen Mills
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3149 Other Textile Product Mills
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31491 Textile Bag and Canvas Mills
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31499 All Other Textile Product Mills
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3151 Apparel Knitting Mills
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31511 Hosiery and Sock Mills
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31519 Other Apparel Knitting Mills
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3152 Cut and Sew Apparel Manufacturing
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31521 Cut and Sew Apparel Contractors
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31522 Men’s and Boys’ Cut and Sew Apparel Manufacturing
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31524 Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing
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31528 Other Cut and Sew Apparel Manufacturing
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3159 Apparel Accessories and Other Apparel Manufacturing
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31599 Apparel Accessories and Other Apparel Manufacturing
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3161 Leather and Hide Tanning and Finishing
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31611 Leather and Hide Tanning and Finishing
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3162 Footwear Manufacturing
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31621 Footwear Manufacturing
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3169 Other Leather and Allied Product Manufacturing
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31699 Other Leather and Allied Product Manufacturing
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 311224 - Soybean and Other Oilseed Processing.
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