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).
Market Overview:
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).
Used cooking oil (UCO) is a term that refers to oils and fats that have been used for cooking or frying in the food processing sector, restaurants, fast food restaurants, and households. The market for UCO (used cooking oil) is growing as producers discover new applications for it, ranging from biofuels to cosmetics. It's also known as "liquid gold" or "yellow grease." It's a highly sought commodity, but some businesses aren't following proper standards while picking up and redistributing it. Used cooking oil is a major component in the production of biofuels, particularly biodiesel. It's a renewable fuel made from animal fats and vegetable oils (soybean, canola, corn, grapeseed, sunflower, and palm). Biofuels are in great demand due to the enhanced US Renewable Fuel Standard. This standard is a federal law that requires transportation fuels (diesel and gasoline) suppliers to include a minimal amount of biofuel in their products.
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Major Key Players for 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), Averda (Dubai) and others major players.
Market Dynamics and Factors:
With the rise of the food processing business, the number of hotel and restaurant chains is increasing, implying that leftover cooking oil will be used for more purposes. Due to the increasing quantity of food products, hotels and restaurants are producing an excessive amount of used cooking oil, which is expected to boost the used cooking oil industry. Furthermore, government measures promoting renewable energy sources include the use of biofuel, which increases the usage of leftover cooking oil. The collection and refining of used cooking oil are an expensive arrangement for producers, which might affect used cooking oil output and retrain the used cooking oil market. Furthermore, excessive consumption of used cooking oil can result in hazardous health issues, which could stymie the market's expansion throughout the forecast period.
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Used Cooking Oil Market Report Highlight:
Market Segmentation
By Source
By Application
Regional Analysis
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Key Industry Development:
Uranus Oil Corp, a Chennai-based renewable energy and waste management solutions company, will collect used cooking oils (UCO) for a fee in November 2021 and use them to make biodiesel, a cleaner and greener type of diesel. Uranus just set a new record by collecting over 2.5 tonnes of UCO in a month from restaurants, hostels, canteens, and other similar establishments in and around Chennai.
Phillips 66 Humber Refinery, situated in the United Kingdom, announced the expansion of its production site in Immingham in August 2020.
The following points were extensively researched:
- Key Players:- Here, the Travel and Expense Used Cooking Oil market research focuses on mergers and acquisitions, expansions, analyses of important players, company founding dates, markets served, manufacturing infrastructure, and revenue of key players.
- Breakdown by Product and Application: Information on market size by product and application is provided in this section.
- Regional Analysis: The report examines each area and nation based on market size by product and application, major players, and market forecast.
- Profiles of International Players: On the basis of their gross margin, pricing, sales, revenue, business, products, and other firm information, participants are rated in this game.
- Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analysed in the report.
- Key Findings of the Research Study.
Appendix: It includes information about the research methodology, data sources, and authors of the study, as well as a disclaimer.
Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Source
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Used Cooking Oil Market by Source
5.1 Used Cooking Oil Market Overview Snapshot and Growth Engine
5.2 Used Cooking Oil Market Overview
5.3 Food Manufacturers
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Food Manufacturers: Geographic Segmentation
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Jan 02, 2024