NAICS 311223 - Other Oilseed Processing
This U.S. industry comprises establishments engaged in crushing oilseeds (except soybeans) and tree nuts, such as cottonseeds, linseeds, peanuts, and sunflower seeds.
Industry trends:
The latest qualitative trends in the "NAICS 311223, Other Oilseed Processing" industry indicate a growing emphasis on sustainability and innovation. Consumers and businesses alike are increasingly prioritizing environmentally friendly production methods. This trend is leading to investments in renewable energy sources, waste reduction practices, and environmentally friendly packaging solutions within the industry.
Another key trend is the rising demand for plant-based proteins, driven by shifts in consumer diets towards healthier and more sustainable food options. Innovations in oilseed processing technologies are helping to enhance the nutritional profiles of these products, making them more appealing to a broader audience.
The industry is also experiencing increased regulation concerning food safety and environmental impact, prompting companies to adopt stricter compliance measures. Additionally, there is an emerging trend of vertical integration within the supply chain to improve efficiency and control over product quality.
Looking ahead, forecasts suggest that these trends will continue to shape the industry. Companies that invest in sustainable practices, innovate their product offerings, and adapt to regulatory changes are expected to remain competitive. The demand for plant-based proteins is projected to grow steadily, offering new opportunities for oilseed processors to expand their market reach.
This industry is comprised of:
Canola (rapeseed) oil, cake and meal, made in crushing mills
Castor oil and pomace made in crushing mills
Coconut oil made in crushing mills
Cottonseed oil, cake and meal, made in crushing mills
Flaxseed oil made in crushing mills
Lecithin, cottonseed, made in crushing mills
Linseed oil, cake and meal, made in crushing mills
Olive oil made in crushing mills
Palm-kernel oil, cake, and meal made in crushing mills
Peanut cake, meal, and oil made in crushing mills
Rapeseed (i.e., canola) oil made in crushing mills
Safflower oil made in crushing mills
Shortening (except soybean) made in crushing mills
Sunflower seed oil, cake and meal, made in crushing mills
Tree nut oils (e.g., tung, walnut) made in crushing mill
Vegetable oils (except soybean) made in crushing mills
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