Major Group SIC 2075 - Soybean Oil Mills

SIC 2075 - Soybean Oil Mills

SIC 20 - Food And Kindred Products
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 207 - Fats And Oils
  SIC 201 - Food And Kindred Products SIC 202 - Dairy Products SIC 203 - Canned, Frozen, and Preserved Fruits, Vegetables, and Food Specialties SIC 204 - Grain Mill Products SIC 205 - Bakery Products SIC 206 - Sugar And Confectionery Products SIC 207 - Fats And Oils SIC 208 - Beverages SIC 209 - Miscellaneous Food Preparations and Kindred Products
  - SIC 2075 - Soybean Oil Mills
    SIC 2075 - Soybean Oil Mills SIC 2076 - Vegetable Oil Mills, Except Corn, Cottonseed, And Soybean SIC 2077 - Animal And Marine Fats And Oils SIC 2079 - Shortening, Table Oils, Margarine, And Other Edible Fats And Oils SIC 2074 - Cottonseed Oil Mills

Establishments primarily engaged in manufacturing soybean oil, cake, and meal, and soybean protein isolates and concentrates, or in processing purchased soybean oil other than into edible cooking oils. Establishments primarily engaged in refining soybean oil into edible cooking oils are classified in Industry 2079.

Industry trends:

In the soybean oil mills industry (NAICS 2075), several qualitative trends have emerged recently, significantly shaping the sector's landscape. One notable trend is the growing consumer demand for non-GMO and organic soybean oil, driven by heightened awareness and preference for healthier and environmentally sustainable products. This shift is pushing manufacturers to adopt more transparent and eco-friendly practices, influencing production processes and supply chain management.

Another trend is the increasing application of advanced technologies and automation in production facilities. Adoption of innovations like AI and IoT is enhancing operational efficiency, quality control, and reducing costs. Market players are also investing in research and development to improve oil extraction methods, maximizing yield and producing high-quality oil.

The industry is witnessing a surge in the usage of soybean oil in renewable energy sources, particularly biodiesel. As global policies lean towards greener energy, the demand for soybean oil in this sector is anticipated to rise, presenting new opportunities for growth.

In terms of forecasts, the near future is expected to see steady growth driven by these consumer and technological trends. The emphasis on sustainability will likely continue to propel the market towards innovations and adaptations. Economic factors such as trade policies and international tariffs are also anticipated to play a significant role in shaping the market dynamics.

This industry is comprised of:

Lecithin, soybean

Soybean flour and grits

Soybean oil, cake, and meal

Soybean oil, deodorized

Soybean protein concentrates

Soybean protein isolates

Explore related industries:

SIC 0116 - Soybeans SIC 2992 - Lubricating Oils And Greases SIC 5983 - Fuel Oil Dealers

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