The Global Used Cooking Oil Market is estimated to be USD 1.46 Bn in 2023 and is expected to reach USD 1.88 Bn by 2028 growing at a CAGR of 5.13%.Reusing of the used cooking oil repeatedly has been found to lead to the generation of free radicals
Used cooking oil is the oil that has been used for frying or cooking food. It is often discarded as waste but can be recycled and reused for various purposes. Recycling used cooking oil helps reduce the amount of waste that goes into landfills and has environmental benefits, as it can be used as a renewable energy source. It can be converted into biodiesel, a renewable source of energy that can be used in place of petroleum diesel. Biodiesel is cleaner burning and emits less greenhouse gases than petroleum diesel. Used cooking oil can be used to make soap. The oil is mixed with lye and other ingredients to create a natural and biodegradable soap. Used cooking oil can remove grease stains from clothing and other fabrics.
The wide applications of used cooking oil are one of the driving factors for the market's growth. It is a versatile and valuable resource that can be used as a feedstock for many products and applications, including biodiesel, animal feed, cosmetics, lubricants, and others. Used cooking oil can be recycled and reused in various applications, making it a valuable resource that can help reduce waste and improve sustainability.
However, the fluctuating prices of used oils are the major factor restraining the market growth.
However, the market has an opportunity due to the increasing adoption of used cooking oil in the oleochemical industry. Oleochemicals are chemicals derived from natural oils and fats, and they are used in a wide range of applications, such as cosmetics, detergents, lubricants, and others. The increase in the adoption of used cooking oil in the oleochemical industry is supported by several factors, such as the availability of a stable and diverse supply of used cooking oil, the development of advanced processing technologies and methods, and the increasing demand for sustainable and environmentally friendly products.
- Moreover, the market is challenged by poor quality and consistency issues with used cooking oil. The quality and consistency of used cooking oil are essential factors that affect its suitability for various applications. The major issues with used cooking oil are that it can contain impurities such as water, food particles, and other contaminants. These impurities can affect the quality of the oil and make it unsuitable for certain applications, such as biodiesel production. Additionally, the presence of impurities can also lead to equipment failure and operational issues in processing facilities.
Market Segmentations
- The Global Used Cooking Oil Market is segmented based on Source, Applications, End-Users, and Geography.
- By Source, the market is classified into Animal Sources and Vegetable Sources. The vegetable-based source segment has the most significant market share because vegetable oils are more commonly used for cooking and food processing, generating more used cooking oil. Additionally, vegetable oils are often more economically viable for biodiesel production and other applications.
- By Applications, the market is classified into Biodiesel, Oleo Chemical Products, Animal Feed, and Others. Biodiesel is one of the leading segments in the global used cooking oil market. It is driven by increasing demand for renewable energy sources and environmental sustainability. Biodiesel made from used cooking oil is a clean-burning alternative to traditional fossil fuels, and it has gained popularity in industries such as transportation and power generation.
- By End-Users, the market is classified into Commercial and Household. The commercial sector, which includes restaurants, hotels, and other food service establishments, is one of the largest producers of used cooking oil. This is because these businesses typically use large quantities of cooking oil daily, resulting in a significant amount of waste oil. However, it is important to note that the amount of used cooking oil generated by the commercial sector can vary depending on factors such as the size and type of establishment, the volume of food prepared, and the cooking methods used. In some cases, industrial food manufacturers and processing plants may also significantly contribute to the amount of used cooking oil generated.
- By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific. Europe holds the largest market for used cooking oil, with the highest market share in production and consumption. The European used cooking oil market is expected to grow in the coming years, driven by increasing demand for renewable energy, stringent waste management and emissions regulations, and rising awareness of sustainability and circular economy principles.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Brocklesby, Darling Ingredients, First Mile, Greasecycle, Greenergy International, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Used Cooking Oil Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Used Cooking Oil Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Used Cooking Oil Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Used Cooking Oil Market, By Source
7 Global Used Cooking Oil Market, By Applications
8 Global Used Cooking Oil Market, By End-Users
9 Americas' Used Cooking Oil Market
10 Europe's Used Cooking Oil Market
11 Middle East and Africa's Used Cooking Oil Market
12 APAC's Used Cooking Oil Market
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- ABP Food Group
- Arrow Oils Ltd.
- Baker Commodities Inc.
- Blue Ridge Biofuels
- Brocklesby Ltd.
- Darling Ingredients Inc.
- Eco-Green Industries
- First Mile Ltd.
- Greasecycle, LLC
- Greenergy International Ltd.
- GreenPlanet Bio-Fuels Inc.
- Hardlevel
- Harvest Energy Solutions
- Mahoney Environmental
- MBP Solutions Ltd.
- OZ Oils Pty Ltd.
- SeQuential
- Valicor Inc.
- Veolia Environment SA
- West Coast Reduction Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 166 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 1.46 Billion |
Forecasted Market Value ( USD | $ 1.88 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |