NAICS Code 311224-01 - Soybean Oil Mills (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 311224-01 Description (8-Digit)

Soybean Oil Mills (Manufacturing) is a subdivision of the Soybean and Other Oilseed Processing (Manufacturing) industry. This industry involves the production of crude vegetable oil from soybeans. The process begins with the cleaning and preparation of the soybeans, followed by the extraction of the oil using mechanical or chemical methods. The crude oil is then refined, bleached, and deodorized to produce a high-quality oil that is suitable for consumption or use in various industries.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 311224 page

Tools

Tools commonly used in the Soybean Oil Mills (Manufacturing) industry for day-to-day tasks and operations.

  • Soybean cleaner
  • Soybean crusher
  • Oil extractor
  • Refining machine
  • Bleaching machine
  • Deodorizing machine
  • Centrifuge
  • Heat exchanger
  • Vacuum pump
  • Storage tank

Industry Examples of Soybean Oil Mills (Manufacturing)

Common products and services typical of NAICS Code 311224-01, illustrating the main business activities and contributions to the market.

  • Soybean oil production
  • Soybean oil refining
  • Soybean oil processing
  • Soybean oil extraction
  • Soybean oil purification
  • Soybean oil packaging
  • Soybean oil distribution
  • Soybean oil sales
  • Soybean oil marketing
  • Soybean oil research and development

History

A concise historical narrative of NAICS Code 311224-01 covering global milestones and recent developments within the United States.

  • The Soybean Oil Mills (Manufacturing) industry has a long history dating back to the early 1900s when the first soybean oil mill was established in the United States. The industry has since grown significantly, with the introduction of new technologies and advancements in production methods. In the 1920s, the industry saw the development of solvent extraction, which allowed for the production of soybean oil on a larger scale. In the 1950s, the industry experienced a significant boost with the introduction of hydrogenation, which allowed for the production of a wide range of soybean oil-based products, including margarine, shortening, and cooking oils. In recent years, the industry has seen a growing demand for non-GMO and organic soybean oil products, as consumers become more health-conscious and environmentally aware. In the United States, the Soybean Oil Mills (Manufacturing) industry has experienced significant growth in recent years, driven by the increasing demand for soybean oil-based products. The industry has benefited from the growing popularity of plant-based diets, which has led to an increased demand for soybean oil as a substitute for animal-based products. Additionally, the industry has seen a growing demand for non-GMO and organic soybean oil products, as consumers become more health-conscious and environmentally aware. Despite the challenges posed by the COVID-19 pandemic, the industry has remained resilient, with many companies adapting to the changing market conditions by implementing new safety measures and expanding their online presence.