Global Used Cooking Oil Market Growth And Demand Forecast By 2029 - High Demand In Emerging Economies – Report By Introspective Market Research

2023-05-12 06:37:30 UTC | Aerospace & Defense
Global Used Cooking Oil Market Growth And Demand Forecast By 2029 - High Demand In Emerging Economies – Report By Introspective Market Research

Market Overview:

Global Used Cooking Oil Market was valued at USD 6.96 Billion in 2021 and is expected to reach USD 9.65 Billion by the year 2028, at a CAGR of 4.8%.

Used cooking oil (UCO) is the term for fats and oils that come from commercial or industrial food processing operations, including restaurants, and have been used for frying or cooking. UCO contains no extra fats, oils, or greases that haven't already been used for frying or cooking. Used cooking oil is often referred to as waste vegetable oil. The widespread use of vegetable oils for food preparation in both commercial and home settings results in the production of used cooking oil. Sunflower, palm, rapeseed, soya, and other types of vegetable oils are used to make cooking oil, which is typically a combination of these oils.

The Report Will Contains A Crucial Chapter

·         Patent Analysis

·         Regulatory Framework

·         Technology Roadmap

·         BCG Matrix

·         Heat Map Analysis

·         Price Trend Analysis

·         Investment Analysis

·         Company Profiling and Competitive Positioning

·         Industry Value Chain Analysis

·         Market Dynamics and Factors

·         Porter’s Five Forces Analysis

·         Pestle Analysis

·         SWOT Analysis

Acquire PDF Sample Report + All Related thorough TOC, Graphs and Tables of Global Market Now:

Market Dynamics and Factors:      

In order to reduce greenhouse gas emissions, next-generation fuels like hydrogen and biofuels are currently being produced in more environmentally friendly ways. The idea of waste-to-energy is gaining popularity as a result of the increasing depletion of fossil fuels. Agricultural waste or other types of used oils, such as WCO (waste lubricating oil), used transformer oil, and used engine or gear oil, are frequently utilized as source materials for alternative fuels, which are essentially based on the waste-to-energy concept. Due to the production of biodiesel, bioethanol, hydrogen gas, H2/CO, and low molecular weight hydrocarbons like methane, UCO is a potential raw material for energy production. These objects can also be used to produce electricity, power machinery or vehicles, or both.

In the biofuel industry, used cooking oil offers a sustainable alternative and may also be used as animal feed, offering manufacturers new ways to market used cooking oil and take advantage of the market's potential growth. Additionally, supplying used cooking oil to developing nations can contribute to a rise in used cooking oil demand worldwide. The market for used cooking oil as well as the expansion of used cooking oil manufacturers may both benefit from raising awareness of the potential solutions for used cooking oil.

Top Key Players Covered In The Used Cooking Oil Market:

·         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), and Other Major Players.

Used Cooking Oil Market Report Highlight:

·         By Source, the food manufacture segment is anticipated to lead the growth of the Used Cooking Oil market in the forecasted timeframe. To make many of our favorite snacks, deep fryers require vast vats of oil. To maintain food sanitary and fresh-tasting, this oil must be replenished regularly. Businesses are left with enormous amounts of waste oil due to continual refilling. Restaurants, diners, and fast food joints are the most common producers of business grease waste, according to most people.

·         By Application, the biodiesel segment is expected to have the highest share of the Used Cooking Oil market over the projected period.  This is owing to the low cost of spent cooking oil compared to vegetable oil, which encourages biodiesel producers to utilize it as a primary feedstock in biodiesel manufacturing. As a result, the market for leftover cooking oil is growing.

·         The Europe region is expected to have the highest share of the Used Cooking Oil market over the projected period. According to the European Commission, biodiesel will replace a significant portion of diesel usage in the EU27 by 2025. Governments in this region are developing legislation to encourage the collection and processing of waste cooking oils from cafés, restaurants, hotels, catering companies, and hotels.

Key Industry Development:

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.

In October 2021, Neste and Hesburger, a Finnish restaurant business, will collaborate heavily in the circular economy. More than 300 Hesburger restaurants in Finland and the Baltics will recycle used cooking oil to create sustainable diesel. Hesburger will begin using Neste MY Renewable DieselTM in the majority of its transport vehicles in Finland as a result of the agreement, decreasing greenhouse gas emissions in these vehicles by up to 90% when compared to fossil diesel use.

Used Cooking Oil Market Segmentation:  

By Source

·         Food Manufacturers

·         Household

By Application

·         Biodiesel

·         Oleochemical Products

·         Animal Feed

For this report, Introspective Market Research has segmented the Used Cooking Oil Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

·         North America

o   US

o   Canada

o   Mexico 

·         Eastern Europe

o   Bulgaria

o   The Czech Republic

o   Hungary

o   Poland

o   Romania

o   Rest of Eastern Europe 

·         Western Europe

o   Germany

o   UK

o   France

o   Netherlands

o   Italy

o   Russia

o   Spain

o   Rest of Western Europe 

·         Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Malaysia

o   Thailand

o   Vietnam

o   The Philippines

o   Australia

o   New Zealand

o   Rest of APAC 

·         Middle East & Africa

o   Turkey

o   Bahrain

o   Kuwait

o   Saudi Arabia

o   Qatar

o   UAE

o   Israel

o   South Africa 

·         South America

o   Brazil

o   Argentina

o   Rest of SA

Scope of the Report:

The latest research on the Used Cooking Oil market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Used Cooking Oil industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Used Cooking Oil market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

About us:

Introspective Market Research ( is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1 773 382 1049

Email :