The market is dominated by domestic suppliers, as imports account for 17.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 78.0% of total demand in 2022. The US has the largest market size for vegetable and animal oils and fats across the top 20 developed countries, with demand reaching USD47.6 billion in 2022. Archer Daniels Midland Co is the largest company in the US, generating 34.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 40.7% of total production value in 2022. The total number of companies increases in 2022, to 302 units. The costs of the industry increase by 5.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.9% of production value in 2022, the ninth highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 14.1% of total production output. With production value of USD41.3 billion, the US accounts for 81.5% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in the US: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in the US: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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