Top 3 Soybean Oil Suppliers based on Revenue
|
Top 3 Supplier Names |
Region |
Revenue |
Year Founded |
Headquarters |
|---|---|---|---|---|
|
Archer Daniels Midland (ADM) |
Global |
$64.6 billion |
1902 |
77 West Wacker Drive, Suite 4600, Chicago, Illinois 60601, US |
|
Cargill Inc. |
Global |
$113.5 billion |
1865 |
P.O. Box 9300, Minneapolis, MN 55440-9300, US |
|
Bunge Limited |
Global |
$9934 million |
1818 |
50 Main Street,White Plains, New York 10606-1901,US.Phone: 1 914 684 2800 |
NAICS Code: 311225 : Fats and Oils Refining and Blending
UNSPSC Code: 50151513: Edible vegetable or plant oils
Soybean Oil Suppliers market overview
China is the largest consumer of soybean oil, which is mostly produced in the US, Brazil, and Argentina. Due to the limited availability of vegetable oils globally, there is a steady rise in the demand for soybean oil in a variety of industries. For soybean oil, the top oilseed processors, including Cargill, Archer Daniel Midland, Bunge, etc., hold between 50 and 60 percent of the market. Due to the declining availability of other vegetable oils, including palm and sunflower, on the worldwide market, demand is predicted to remain constant in Q1 2022. In the future months, prices may increase as a result of limited supply and stocks with low yields. Read more about the global market overview here.
Top Soybean Oil Suppliers
Archer Daniels Midland (ADM)
The Archer-Daniels-Midland Company, also referred to as ADM, is an American global corporation that was established in 1902 and has its corporate headquarters in Chicago, Illinois.
Key Strengths
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Research and development centers that spread globally along with advanced laboratories and pilot plants
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The e-ADM platform enables customers to automated monitoring of inventories, cost optimization, and search for products and ingredients
Cargill Inc.
Cargill, Incorporated is a privately held American multinational food company with headquarters in Minnetonka, Minnesota, and was founded in Wilmington, Delaware. It was established in 1865, and in terms of sales, it is the biggest privately held company in the US.
Key Strengths
-
Experienced and established player in the industry of food ingredients
-
Trusted by established food manufacturers that enhances brand trust
Bunge Limited
Agribusiness and food corporation Bunge Limited is based in St. Louis, Missouri, and was founded in Bermuda. It trades grains, produces fertilizer, and exports soybeans internationally. It is in opposition to Archer Daniels Midland and Cargill.
Key Strengths
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Has more than 150 years of experience in food ingredients
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Trusted by established food manufacturers
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