Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Fats & Oils Refining & Blending

Market Size & Industry Statistics

The total U.S. industry market size for Fats & Oils Refining & Blending: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Fats & Oils Refining & Blending market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Fats & Oils Refining & Blending industry has been significantly impacted by several trends in recent years. One of the most significant trends is the increasing demand for plant-based oils and fats, as more consumers are becoming health-conscious and seek out healthier alternatives to traditional animal-based fats. This has led to an increased focus on the production of vegetable and seed oils and a decline in animal fat production.

Additionally, the industry is experiencing increased scrutiny and regulations from governing bodies regarding the use of trans fats and saturated fats, which have been linked to various health problems including cardiovascular disease. This has led to an increased focus on the development of healthier fat and oil blends, including the use of healthier types of fat such as olive oil, avocado oil, and coconut oil which have lower levels of saturated fats and higher levels of beneficial nutrients.

Furthermore, technological advancements in the industry have led to increased automation and digitization of various processes, leading to more efficient and cost-effective production methods. Industry players are also investing in sustainable and environmentally friendly practices, including the adoption of renewable energy sources, waste reduction programs, and eco-friendly packaging options.

Finally, a growing global population and increasing demand for processed food products have created opportunities for the growth of the fat and oil refining and blending industry, particularly in emerging markets where demand is expected to surge. These trends are expected to continue driving the industry's growth and evolution in the coming years.

Product & Services Breakdown

Research products and services in the Fats & Oils Refining & Blending industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Soybean And Other Oilseed Processing

Soybean Oil

Fats And Oils Refining And Blending

Shortening And Cooking Oils

Margarine, Butter Blends, And Butter Substitutes

Mayonnaise, Salad Dressings, And Sandwich Spreads

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Fats & Oils Refining & Blending company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Fats & Oils Refining & Blending industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Fats & Oils Refining & Blending measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 9%
Other Installation, Maintenance, and Repair Occupations 8%
Production Occupations 46%
Food Processing Workers 9%
Miscellaneous Food Processing Workers 9%
Food Batchmakers 7%
Other Production Occupations 30%
Crushing, Grinding, Polishing, Mixing, and Blending Workers 7%
Packaging and Filling Machine Operators and Tenders 11%
Packaging and Filling Machine Operators and Tenders 11%
Transportation and Material Moving Occupations 14%
Material Moving Workers 13%
Laborers and Material Movers 7%
Source: Bureau of Labor Statistics

Fats & Oils Refining & Blending Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Fats & Oils Refining & Blending industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Fats & Oils Refining & Blending industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Fats & Oils Refining & Blending industry.

Government Contracts

In 2022, the federal government spent a total of $198,602,093 on Fats & Oils Refining & Blending. It has awarded 134 contracts to 15 companies, with an average value of $13,240,140 per company.   

Most Recent Contracts Date Total Award Amount
540 E Us Hwy 24
Gilman, IL
Jun 27, 2023$461,568

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