The Global Used Cooking Oil Market size is expected to grow from USD 7.29 billion in 2022 to USD 10.61 billion by 2030, at a CAGR of 4.8 % during the forecast period (2023-2030). Analysis of (2024-2032)
The gathering, processing, and repurposing of oil that has been used for cooking previously constitute the used cooking oil (UCO) market. The desire to reduce waste and raise awareness of environmental sustainability are driving the growth of this industry. A renewable energy source that lowers greenhouse gas emissions, biodiesel is frequently made using UCO as a base ingredient. The need for sustainable feedstock in the oleochemical sector, which uses UCO to make detergents, soaps, and other industrial chemicals, is another factor driving the market.
Furthermore, the expansion of the food business, especially in the fast-food sector, produces significant amounts of UCO, offering a consistent source for processing. Market expansion is further supported by regulatory support for waste management and biofuel production. But the market also has to deal with issues like UCO collection and transportation, which need for effective infrastructure and logistics. Making sure UCO is pure and of high quality is another important factor that affects its use in different applications. All things considered, the UCO market offers a lot of chances to promote sustainable energy and chemical manufacturing methods and support a circular economy.
Top Leading Key Players:
Waste Oil Recyclers Inc. (US), Brocklesby Limited (UK), Greasecycle (US), Baker Commodities Inc. (US), Veolia Environnment S.A. (France), Darling Ingredients Inc. (US), Arrows Oils Ltd (UK), Olleco Ltd. (UK), Argent Energy (UK), Grand Natural Inc. (US), Averda (Dubai) and others major players.
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Key Industry Developments in the Global Used Cooking Oil Market:
In March 2022, Averda, a prominent waste management and recycling firm located in Dubai is launching new used cooking oil (UCO) service in the UAE to help improve trash management and reduce carbon emissions from road transportation. This UCO service is one of Averda's various new sustainable waste services, all of which are part of the business's recent three-year corporate strategy "Renew," which focuses the company on addressing the critical challenge of our climate catastrophe while unlocking value from the trash.
Market Dynamics and Factors Influencing Growth:
Used Cooking Oil Market Drivers:
The market for used cooking oil (UCO) is primarily driven by the need to reduce waste and the increasing emphasis on environmental sustainability. Around the world, governments and regulatory agencies are enforcing strict waste management regulations and encouraging the use of renewable energy sources, such biodiesel, which may be made from UCO. The UCO market is greatly boosted by the growing demand for biodiesel, which is fueled by its reduced greenhouse gas emissions as compared to fossil fuels. Furthermore, the growing foodservice sector especially fast-food franchises and restaurants produces significant amounts of used cooking oil, guaranteeing a steady supply for processing and recycling. Technological developments in UCO collection and processing techniques lower operating costs and increase efficiency, which supports market expansion.
Used Cooking Oil Market Opportunities:
The market for used cooking oil (UCO) is primarily driven by the need to reduce waste and the increasing emphasis on environmental sustainability. Around the world, governments and regulatory agencies are enforcing strict waste management regulations and encouraging the use of renewable energy sources, such biodiesel, which may be made from UCO. The UCO market is greatly boosted by the growing demand for biodiesel, which is fueled by its reduced greenhouse gas emissions as compared to fossil fuels. Furthermore, the growing foodservice sector—especially fast-food franchises and restaurants—produces significant amounts of used cooking oil, guaranteeing a steady supply for processing and recycling. Technological developments in UCO collection and processing techniques lower operating costs and increase efficiency, which supports market expansion.
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Segmentation Analysis of the Global Used Cooking Oil Market:
By Source
- Food Manufacturers
- Household
By Application
- Biodiesel
- Oleochemical Products
- Animal Feed
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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