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Used Cooking Oil Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 160 Pages
SKU # FOB19185588

Description

Used Cooking Oil Market



Growth Factors of Used Cooking Oil Market

The used cooking oil market size was valued at USD 7.09 billion in 2023, and the market is now projected to grow from USD 7.54 billion in 2024 to USD 13.96 billion by 2032, exhibiting a CAGR of 8.00% during the forecast period of 2024-2032.

The global outbreak of COVID-19 has been immense and continues to have an adverse effect on used cooking oil market growth in all regions. As per findings for 2020, the overall performance trend showed a negative growth of -12.46%. The reason for the sharp contraction of CAGR is due to an increase in the market which reverted to normalcy as soon as the pandemic is over.

The used cooking oil market share has been propelled by its utilization in biodiesel production due to its reduced emissions and cost. UCO-based biodiesel also has another commercial benefit of producing other useful by-products of soap and glycerine. According to the same sources, the global biodiesel supply is expected to reach 50,334 million litres in 2025. Government policies in the U.S. and Europe also favour UCO adoption for use in biofuels. This trend increases market demand for sustainable fuel sources.

Furthermore, population growth, increased urbanization, increased pollution and other environmental impacts are also considered key factors influencing the demand for energy storage. Governments and energy companies are implementing policies promoting green energy, including biodiesel prepared from recycled edible oil. Consumers prefer biodiesel over petroleum diesel due to its environmentally friendly nature. Another advantage is the availability of used oil due to enhanced awareness towards food wastage and stringent safety measures for food preparation which results in the generation of a fairly huge amount of used oil for biodiesel production. This creates a surge in the need for energy conservation and sustainable sources of power.

Comprehensive Analysis of Used Cooking Oil Market

The market of used cooking oil and the food & beverages industry is highly growing immensely because it has been divided into segments. In this market expansion, one obtains comprehensive evaluations of the regions considering the supply and demand aspects that influence the food additives & ingredients industry. These segmentations are systematically separated by sources and by applications. The source inlcude, Food Services and Households. The applications include, Industrial Usage, Animal Feed and Others.

North America has the biggest market share owing to the current legislation interventions to support used cooking oil in practice for efficient fuel production.

The leading players in the market with their strategic position in the food & beverages industry are solely responsible for the industrial prospectus’ growth and market standards. These players include, Valley Proteins, Inc. (Virginia, U.S.), Proper Oils Co. Ltd. (London, U.K.), ABP Food Group (County Louth, Ireland), Arrow Oils Ltd. (Manchester, U.K.), Baker Commodities, Inc. (California, U.S.), Grand Natural, Inc. (California, U.S.), Oz Oils Pty. Ltd. (Queensland, Australia), Brocklesby Limited (Brough, U.K.), GreaseCycle (North Carolina, U.S.) and MBP Solutions Ltd. (Neuchatel, Switzerland). These market players offer a level-playing field-natured competitive environment.

In June 2023, ORLEN Unipetrol started a project on used cooking oil with the Czech Technical University in Prague and the Czech University of Life Sciences. As per this project, efficient recycling of the product converts it into biofuel and petrochemicals.

Segmentation Table

Global Used Cooking Oil Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 8.00% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Source, Application, and Region

By Source - Food Services

- Household

By Application - Industrial Usage (Biodiesel & Oleoresins)

- Animal Feed

- Others

By Region - North America (By Source, Application, and Country)
  • U.S. (By Source)
  • Canada (By Source)
  • Mexico (By Source)
- Europe (By Source, Application, and Country)
  • France (By Source)
  • Spain (By Source)
  • U.K. (By Source)
  • Italy (By Source)
  • Germany (By Source)
  • Rest of Europe (By Source)
- Asia Pacific (By Source, Application, and Country)
  • China (By Source)
  • India (By Source)
  • Japan (By Source)
  • Australia (By Source)
  • Rest of Asia Pacific (By Source)
- South America (By Source, Application, and Country)
  • Argentina (By Source)
  • Brazil (By Source)
  • Rest of South America (By Source)
- The Middle East and Africa (By Source, Application, and Country)
  • UAE (By Source)
  • South Africa (By Source)
  • Rest of the Middle East & Africa (By Source)


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Table of Contents

160 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain Analysis
4.4. Recent Industry Developments - Policies, Partnerships, and Mergers & Acquisitions
4.5. Impact of the COVID-19
5. Global Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Source
5.2.1.1. Food Services
5.2.1.2. Households
5.2.2. By Application
5.2.2.1. Industrial Usage
5.2.2.2. Animal Feed
5.2.2.3. Others
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Source
6.2.1.1. Food Services
6.2.1.2. Households
6.2.2. By Application
6.2.2.1. Industrial Usage
6.2.2.2. Animal Feed
6.2.2.3. Others
6.2.3. By Country (Value)
6.2.3.1. U.S
6.2.3.1.1. By Source
6.2.3.1.1.1. Food Services
6.2.3.1.1.2. Households
6.2.3.2. Canada
6.2.3.2.1. By Source
6.2.3.2.1.1. Food Services
6.2.3.2.1.2. Households
6.2.3.3. Mexico
6.2.3.3.1. By Source
6.2.3.3.1.1. Food Services
6.2.3.3.1.2. Households
7. Europe Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Source
7.2.1.1. Food Services
7.2.1.2. Households
7.2.2. By Application
7.2.2.1. Industrial Usage
7.2.2.2. Animal Feed
7.2.2.3. Others
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By Source
7.2.3.1.1.1. Food Services
7.2.3.1.1.2. Households
7.2.3.2. France
7.2.3.2.1. By Source
7.2.3.2.1.1. Food Services
7.2.3.2.1.2. Households
7.2.3.3. Italy
7.2.3.3.1. By Source
7.2.3.3.1.1. Food Services
7.2.3.3.1.2. Households
7.2.3.4. U.K.
7.2.3.4.1. By Source
7.2.3.4.1.1. Food Services
7.2.3.4.1.2. Households
7.2.3.5. Spain
7.2.3.5.1. By Source
7.2.3.5.1.1. Food Services
7.2.3.5.1.2. Households
7.2.3.6. Rest of Europe
7.2.3.6.1. By Source
7.2.3.6.1.1. Food Services
7.2.3.6.1.2. Households
8. Asia Pacific Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Source
8.2.1.1. Food Services
8.2.1.2. Households
8.2.2. By Application
8.2.2.1. Industrial Usage
8.2.2.2. Animal Feed
8.2.2.3. Others
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Source
8.2.3.1.1.1. Food Services
8.2.3.1.1.2. Households
8.2.3.2. India
8.2.3.2.1. By Source
8.2.3.2.1.1. Food Services
8.2.3.2.1.2. Households
8.2.3.3. Japan
8.2.3.3.1. By Source
8.2.3.3.1.1. Food Services
8.2.3.3.1.2. Households
8.2.3.4. Australia
8.2.3.4.1. By Source
8.2.3.4.1.1. Food Services
8.2.3.4.1.2. Households
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Source
8.2.3.5.1.1. Food Services
8.2.3.5.1.2. Households
9. South America Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Source
9.2.1.1. Food Services
9.2.1.2. Households
9.2.2. By Application
9.2.2.1. Industrial Usage
9.2.2.2. Animal Feed
9.2.2.3. Others
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Source
9.2.3.1.1.1. Food Services
9.2.3.1.1.2. Households
9.2.3.2. Argentina
9.2.3.2.1. By Source
9.2.3.2.1.1. Food Services
9.2.3.2.1.2. Households
9.2.3.3. Rest of South America
9.2.3.3.1. By Source
9.2.3.3.1.1. Food Services
9.2.3.3.1.2. Households
10. Middle East & Africa Used Cooking Oil Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Source
10.2.1.1. Food Services
10.2.1.2. Households
10.2.2. By Application
10.2.2.1. Industrial Usage
10.2.2.2. Animal Feed
10.2.2.3. Others
10.2.3. By Country (Value)
10.2.3.1. South Africa
10.2.3.1.1. By Source
10.2.3.1.1.1. Food Services
10.2.3.1.1.2. Households
10.2.3.2. UAE
10.2.3.2.1. By Source
10.2.3.2.1.1. Food Services
10.2.3.2.1.2. Households
10.2.3.3. Saudi Arabia
10.2.3.3.1. By Source
10.2.3.3.1.1. Food Services
10.2.3.3.1.2. Households
10.2.3.4. Rest of Middle East & Africa
10.2.3.4.1. By Source
10.2.3.4.1.1. Food Services
10.2.3.4.1.2. Households
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Used Cooking Oil Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Valley Proteins, Inc.
12.1.1. Overview
12.1.2. Description
12.1.3. Type Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Proper Oils Co.Ltd.
12.2.1. Overview
12.2.2. Description
12.2.3. Type Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. ABP Food Group
12.3.1. Overview
12.3.2. Description
12.3.3. Type Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Arrow Oils Ltd.
12.4.1. Overview
12.4.2. Description
12.4.3. Type Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Baker Commodities, Inc.
12.5.1. Overview
12.5.2. Description
12.5.3. Type Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Grand Natural, Inc.
12.6.1. Overview
12.6.2. Description
12.6.3. Type Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Oz Oils Pty. Ltd.
12.7.1. Overview
12.7.2. Description
12.7.3. Type Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Brocklesby Limited
12.8.1. Overview
12.8.2. Description
12.8.3. Type Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. GreenCycle
12.9.1. Overview
12.9.2. Description
12.9.3. Type Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. MBP Solutions Ltd.
12.10.1. Overview
12.10.2. Description
12.10.3. Type Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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