According to the latest report by IMARC Group, “Global Used Cooking Oil Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global used cooking oil market size reached US$ 5.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.46 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027.
Used cooking oil (UCO) refers to residual oils and fats produced from households, restaurants, hotels, and food processing units. This leftover cooking oil is primarily obtained from palm, sunflower, olive, corn, canola, soy oils, and animal fats. It is environment-friendly, cost-effective, and is used in bulk quantities for the mass production of industrial greases, paint remover, composts, animal feed, soaps, shampoo, and moisturizers. Besides this, UCO also finds extensive applications in the production of biodiesel and oleochemicals.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Used Cooking Oil Market Trends and Drivers:
The market is primarily driven by the rising adoption of bio-based fuels due to the growing consumer awareness regarding green energy and carbon emissions caused by conventional fuels. In addition, the increasing utilization of UCO in manufacturing animal feeds is contributing to market growth.
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Moreover, with significant developments in the processing and manufacturing technologies, the leading manufacturers are developing ingenious ozone-treated oil with high calorific worth and lower ignition points. Furthermore, the implementation of favorable government policies, escalating product demand for biodiesel production, and extensive research and development (R&D) activities are also creating a positive market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Used Cooking Oil Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABP Food Group, Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Limited., Grand Natural Inc., Greasecycle LLC, MBP Solutions Ltd., Oz Oils Pty Ltd, Valley Proteins Inc. and Veolia Environment S.A.
The report has segmented the market on the basis of region, source and application.
Breakup by Source:
- Household Sector
- Commercial Sector
Breakup by Application:
- Oleo Chemicals
- Animal feed
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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