NAICS Code 311224-01 - Soybean Oil Mills (Manufacturing)Marketing Level - NAICS 8-Digit
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NAICS Code 311224-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 311224-01
Parent Code (less specific)
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
- 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
Certifications, Compliance and Licenses for NAICS Code 311224-01 - Soybean Oil Mills (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Food Safety Modernization Act (FSMA): The FSMA is a set of regulations that aim to ensure the safety of the US food supply by shifting the focus from responding to contamination to preventing it. It is enforced by the US Food and Drug Administration (FDA).
- Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that identifies and controls potential hazards in the food production process. It is required by the FDA for all food processors, including soybean oil mills.
- Good Manufacturing Practices (GMP): GMP is a set of guidelines that ensure the quality and safety of food products. It covers all aspects of the manufacturing process, from raw materials to finished products. It is enforced by the FDA.
- Organic Certification: Organic certification ensures that food products are produced using sustainable and environmentally friendly practices. It is issued by the USDA's National Organic Program (NOP).
- Safe Quality Food (SQF) Certification: SQF is a food safety management system that is recognized by the Global Food Safety Initiative (GFSI). It is designed to ensure the safety and quality of food products.
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.
Future Outlook for Soybean Oil Mills (Manufacturing)
The anticipated future trajectory of the NAICS 311224-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
Growth Prediction: StableThe Soybean Oil Mills (Manufacturing) industry in the USA is expected to experience steady growth in the coming years. The increasing demand for soybean oil in various industries such as food, cosmetics, and pharmaceuticals is expected to drive the growth of the industry. Additionally, the growing awareness among consumers about the health benefits of soybean oil is expected to further boost demand. However, the industry may face challenges such as volatile soybean prices and competition from other vegetable oils. Overall, the industry is expected to maintain a positive growth trajectory in the foreseeable future.
Industry Innovations for NAICS Code 311224-01
Recent groundbreaking advancements and milestones in the Soybean Oil Mills (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Soybean Varieties: The development of new soybean varieties with improved yields and resistance to pests and diseases is expected to benefit the Soybean Oil Mills (Manufacturing) industry in the USA.
- Adoption Of New Technologies: The industry is adopting new technologies such as automation and data analytics to improve efficiency and reduce costs.
- Expansion Into New Markets: Some companies in the industry are expanding into new markets such as Asia and Africa to tap into the growing demand for soybean oil in these regions.
- Introduction Of New Products: The industry is introducing new products such as organic and non-GMO soybean oil to cater to the changing preferences of consumers.
- Collaboration with Other Industries: The industry is collaborating with other industries such as the biofuels industry to develop new products and reduce waste.
NAICS Code 311224-01 - Soybean Oil Mills (Manufacturing)
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