NAICS 311222: Soybean Processing
NAICS 311222 - Soybean Processing covers the industrial conversion of soybeans into various commercial products. This includes the extraction of soybean oil and the production of soybean meal and other protein-based derivatives.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 311222.
AI Industry Description
NAICS 311222 - Soybean Processing covers the industrial conversion of soybeans into various commercial products. This includes the extraction of soybean oil and the production of soybean meal and other protein-based derivatives. In a business context, this sector involves large-scale crushing and re...
NAICS 311222 - Soybean Processing covers the industrial conversion of soybeans into various commercial products. This includes the extraction of soybean oil and the production of soybean meal and other protein-based derivatives. In a business context, this sector involves large-scale crushing and refining operations that transform raw agricultural commodities into essential ingredients for food production, animal feed, and industrial applications. Within the government contracting landscape, this code typically relates to the procurement of bulk oils and proteins required for military rations, institutional food service programs, and agricultural research initiatives.
Competition
How many companies historically bid on federal awards in NAICS 311222, from bidder counts reported on USAspending.
Median above 5 bidders per reported award. · 565 reported awards
Median Bidders
6
Per reported award, all-time
Single-Bid Awards
18%
Share of reported awards with one bidder
10+ Bidder Awards
15%
Share of reported awards with 10+ bidders
Reported Awards
99% of 570 total awards
Share of reported awards in each bidder-count bracket per federal fiscal year.
How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.
| Industry Family | Competition | Median Bidders | Single-Bid | Bidder Mix | Reported Awards |
|---|---|---|---|---|---|
311222This Code Soybean Processing | Crowded Field | 6 | 18% | 56599% of 570 | |
31122NAICS Industry | Moderate Competition | 5 | 14% | 4,14297% of 4,266 | |
3112Industry Group Grain and Oilseed Milling | Moderate Competition | 5 | 10% | 14,10197% of 14,507 | |
311Subsector | Fewer Bidders | 2 | 36% | 967,99711% of 8,488,622 | |
31Sector Manufacturing | Fewer Bidders | 2 | 40% | 1,478,76516% of 9,263,130 |
Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.
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