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Margarine & Cooking Oil Processing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON31122CA

Margarine & Cooking Oil Processing in Ontario industry analysis

Revenue for the Margarine & Cooking Oil Processing industry in Ontario is expected to grow an annualized x.x% to $x.x billion 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 stagnated an annualized x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx 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 grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely decline -x.x%. The number of industry establishments is forecast to decline -x.x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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

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

Definition of the Margarine & Cooking Oil Processing in Ontario?

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 Ontario?

The Margarine & Cooking Oil Processing in Ontario 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 Ontario 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 Ontario

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

Margarine & Cooking Oil Processing in Ontario

#1 in Highest Revenue 29.2% 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 Ontario

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

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON 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 Ontario

Access proprietary data on Census Metropolitan Area in the Margarine & Cooking Oil Processing in Ontario, such as Toronto, Barrie and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

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

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 Ontario in 2025?

The market size of the Margarine & Cooking Oil Processing industry in Ontario is $4.7bn in 2025.

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

There are 33 businesses in the Margarine & Cooking Oil Processing industry in Ontario, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Margarine & Cooking Oil Processing industry in Ontario has been growing at an average annual rate of 2.1% from 2020 to 2025.

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

There are 1,092 employees in the Margarine & Cooking Oil Processing industry in Ontario, which has been growing at an average annual rate of 2.9% from 2020 to 2025.