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)
Used cooking oil (UCO) is the term used to describe fats and oils from commercial or industrial food processing businesses, such as restaurants, that have been used for frying or cooking. UCO has no extra fats, oils, or greases that haven't been utilized for frying or cooking. Used cooking oil is also known as waste vegetable oil. Vegetable oils are frequently used in both home and commercial settings to prepare meals, which leads to the creation of used cooking oil. A range of vegetable oils, including rapeseed, sunflower, palm, soy, and others, are used to make cooking oil, which is often mixed. The market for used cooking oil is expanding as a result of the growing use of spent cooking oil as a fuel for the production of biodiesel. Additionally, the demand for used cooking oil in these industries has increased due to the increasing usage of used cooking oil in the production of hydrogen gas, bio-lubricants, grease, oleochemicals, animal feed, and other items. This encourages market expansion in turn.
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Used Cooking Oil Market Dynamics:
Once headed for the garbage, used cooking oil is now in high demand. There is an increase in demand for this utilized resource due to rising biofuel market and environmental concerns. Its adaptability is expected to propel the global market's explosive growth. Biodiesel is an environmentally friendly fuel that may be made from used oil. Additionally, it can be utilized to produce oleochemical products and environmentally friendly lubricants. Governments and growing consumer consciousness are driving this change as well. To satisfy this increasing demand, effective techniques for collecting and processing are being developed. Used cooking oil can be a significant resource for a more sustainable future when properly managed, turning it from trash.
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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Segmentation Analysis of the 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)
Used Cooking Oil Market Regional Analysis:
In Europe, the EU is also putting in significant efforts to boost biodiesel production. Rendering to the European Instruction, biodiesel will replace a important share of diesel usage in the EU27 by 2025. Managements in this region are developing regulation to inspire the collection and processing of waste cooking oils from cafés, restaurants, hotels, catering companies, and hotels. The expansion of the market in the region is also fueled by positive creativities in the region that raise awareness about the recycling of waste cooking oil. Furthermore, rising demand for biodiesel and increased awareness of animal health has driven the market's expansion in this region.
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COMPANY PROFILES AND COMPETITIVE ANALYSIS:
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Industrial Lighting Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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