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Margarine & Cooking Oil Processing in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL31122CA

Margarine & Cooking Oil Processing in Newfoundland industry analysis

Revenue for the Margarine & Cooking Oil Processing industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely decline -x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Margarine & Cooking Oil Processing in Newfoundland Market Research Report

What’s Included in the Margarine & Cooking Oil Processing in Newfoundland Market Research Report

Definition of the Margarine & Cooking Oil Processing in Newfoundland?

Operators in the Margarine and Cooking Oil Processing industry in Canada produce cooking oil, shortening and margarine. Activities include wet-milling corn and vegetables, crushing oilseeds and tree nuts, refining and blending cooking oils and blending purchased animal fats with vegetable fats.

What’s included in the Margarine & Cooking Oil Processing in Newfoundland?

The Margarine & Cooking Oil Processing in Newfoundland includes margarine manufacturing, vegetable oil, meal or cake manufacturing, edible oils or fats blending and manufacturing, deodorized vegetable oil manufacturing, starch manufacturing, refined tallow manufacturing and refined lard manufacturing. Related terms covered in the Margarine & Cooking Oil Processing in Newfoundland industry report includes a manmade, unsaturated fat that is created by partial hydrogenation. this type of fat is associated with an elevated risk of coronary heart disease, owning different parts of the supply chain, either in the form of forward integration (owning downstream buyers) or backward integration (owning upstream suppliers) and sweet syrup derived via an enzymatic process to convert its naturally occurring glucose into fructose.

Industry Performance of the Margarine & Cooking Oil Processing industry in Newfoundland

Benchmark the Margarine & Cooking Oil Processing in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Margarine & Cooking Oil Processing in Newfoundland

#10 in Highest Revenue 0.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Margarine & Cooking Oil Processing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Margarine & Cooking Oil Processing industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, world price of soybeans, consumer spending and us gross domestic product (gdp) are impacting Margarine & Cooking Oil Processing in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

World price of soybeans
Consumer spending
US Gross domestic product (GDP)

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Margarine & Cooking Oil Processing industry in Newfoundland

Key Statistics of the Margarine & Cooking Oil Processing industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Margarine & Cooking Oil Processing industry in Newfoundland in 2025?

The market size of the Margarine & Cooking Oil Processing industry in Newfoundland is $113.5m in 2025.

How many businesses are there in the Margarine & Cooking Oil Processing industry in Newfoundland in 2025?

There are 1 businesses in the Margarine & Cooking Oil Processing industry in Newfoundland, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

Has the Margarine & Cooking Oil Processing industry in Newfoundland grown or declined over the past 5 years?

The market size of the Margarine & Cooking Oil Processing industry in Newfoundland has been declining at an average annual rate of -2.9% from 2020 to 2025.

How many employees in the Margarine & Cooking Oil Processing industry in Newfoundland in 2025?

There are 55 employees in the Margarine & Cooking Oil Processing industry in Newfoundland, which has been growing at an average annual rate of 0.7% from 2020 to 2025.