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Used Cooking Oil (UCO) Market Size, Trends & Growth [2031]

Used Cooking Oil (UCO) Market

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Segments - by Sources (Household Sector and Commercial Sector), By Applications (Biodiesel, Oleochemical, Animal Feed, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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4.8 Rating
171 Pages

09-12-2021
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Author :

Anuradha B. More

Fact-checked by :

Vaibhav Chandola

Editor :

Aman Singh

Report Description

Used Cooking Oil (UCO) Market Outlook

The global used cooking oil (UCO) market size was valued at USD 6,653.2 Million in 2020 and is projected to reach USD 11,675.7 Million by 2028, expanding at a CAGR of 7.7% during the forecast period. Cooking oil is an essential ingredient used in both household and commercial kitchens, as it is used in a variety of cooking.

The major use of cooking oil is in frying. In both household and commercial kitchens, the cook is faced with the problem of recycling or disposing of used cooking oil. Used cooking oil (UCO) are fats and oils that have been used for frying or cooking.

Used cooking oil is used in the food processing industry such as fast foods and restaurants, and at a consumer level, in households. UCO is in the form of both animal fats and vegetable oil such as palm oil, corn oil, canola oil, and olive oil. The used cooking oil is used once or twice.

The leftover cooking oil should not be used too many times. Used cooking oil is used as lamp oil, household lubricant, leather preservative, car cleaner, animal feed, biodiesel fuel, composting, soap making, non-stick gardening tools, key lock lubricant, furniture polish and conditioner, pot and pan protector, and hair moisturizer.

Used cooking oil increases free radicals in the body and cause inflammation, which causes various diseases such as diabetes, obesity, and heart disease. High inflammation lowers immunity and causes various infections in the body. Food cooked in black and smoked oil increases the level of LDL or bad cholesterol in the body. UCO causes acidity and results in weight gain.

Used Cooking Oil (UCO) Market Dynamics

Increasing Usage of Used Cooking Oil in Biodiesel Production

Biodiesel is an alternative fuel derived from animal fats or vegetable oils. Used cooking oil has always been an environmental problem in food factories. Converting waste vegetable oil to biodiesel is expected to resolve this issue. Biodiesel from used cooking oil reduces the assembly cost, as 70-95% of the overall cost of producing biodiesel is the cost of raw materials.

In May 2021, Indian Oil Corporation Limited launched biodiesel made from used cooking oil (UCO). Used cooking oil is widely used in producing biodiesel, which is expected to drive the market during the forecast period.

The increasing number of hotels and restaurant chains in the food processing industry

With the growth of the food industry, the number of restaurants and hotels chains continues to grow, implying high use of used cooking oil for various applications. Restaurants and hotels are producing used vegetable oil in large quantities, owing to the growing number of food products, which is expected to drive the used cooking oil market during the forecast period.

Various Applications of Used Cooking Oil

Various applications of used cooking oil include animal feed, soap making, cosmetics, house lubricant, paint removal from hands, hair moisturizer, car cleaner, key lock lubricant, and non-stick gardening tool. Increasing consumer awareness regarding the utilization of used cooking oil is expected to drive the market during the forecast period. Increasing usage of used cooking oil (UCO) for industrial purposes is anticipated to propel the market during the forecast period.

Utilization of Sustainable and Green Energy to Tackle Environmental Issues

Increasing pollution, growing population, and rapid urbanization across the world raised various concerns related to greenhouse emissions, climate change, and other environmental concerns. Biodiesel produced from used cooking oil is an emerging category in green energy space. Growing demand for sustainable energy solutions and increasing environmental awareness are expected to propel the market during the forecast period.

Used Cooking Oil (UCO) Market Segment Insights

The global Used Cooking Oil market is segmented on the basis of sources, applications, and regions.

Based on sources, the global used cooking oil (UCO) market is segmented into household sector and commercial sector. The commercial sector holds a significant market share during the forecast period, owing to the large production of used cooking oil in commercial settings as compared to home kitchens. Various initiatives have been taken to collect used vegetable oil from various restaurants, which is expected to propel the used cooking oil market during the forecast period.

Based on applications, the global used cooking oil (UCO) market is segmented into biodiesel, oleochemical, animal feed, and others. The others segment is further divided into soap making, cosmetics, house lubricant, paint removal from hands, and non-stick gardening tool. The biodiesel segment is expected to hold a significant market share during the forecast period, owing to the wide application of used cooking oil in the production of biofuel, specifically biodiesel.

For both environmental and economical reasons, the usage of used cooking oil for the production of biodiesel gained considerable attention in terms of fuel production. attributed owing to the rising preference for fresh-Used Cooking Oil within hotels and restaurants.

Used Cooking Oil (UCO) Market Regional Analysis

Based on regions, the global used cooking oil (UCO) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global used cooking oil (UCO) market is dominated by the market in Europe, owing to the development of various rules and regulations on the utilization of used cooking oil for sustainable fuel generation.

The used cooking oil (UCO) market in Asia Pacific is expected to hold a considerable market share during the forecast period, owing to rising awareness regarding environmental welfare and sustainable energy resources. Increasing number of companies involved in the collection, refinement, and processing of used cooking oil is expected to drive the market in the region during the forecast period.

The used cooking oil (UCO) market in Middle East & Africa constituted a substantial market share in 2020, owing to increasing demand from developing countries such as Iran and Saudi Arabia.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the global Used Cooking Oil market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Used Cooking Oil Market Performance

Segments

Sources

Household Sector
Commercial Sector

Applications

Biodiesel
Oleochemical
Animal Feed
Others

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

Valley Proteins, Inc.
Arrow Oils Ltd
Baker Commodities, inc.
GREASECYCLE
MBP Solutions
Greenergy International Ltd
GRAND NATURAL INC.
OZ OILS PTY LTD.
Gemini Corporation N.V
Olleco
Brocklesby Limited
Quatra

Competitive Landscape

Top players in the market include Olleco, Baker Commodities, inc., Valley Proteins, Inc., Greenergy International Ltd, and Quatra.These companies are considered as key manufacturers of used cooking oil based on their revenue, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the used cooking oil market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Used Cooking Oil (UCO) Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Used Cooking Oil (UCO) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Used Cooking Oil (UCO) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Used Cooking Oil (UCO) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Used Cooking Oil (UCO) Market Size & Forecast, 2018-2028
      4.5.1 Used Cooking Oil (UCO) Market Size and Y-o-Y Growth
      4.5.2 Used Cooking Oil (UCO) Market Absolute $ Opportunity
   4.6 Global Used Cooking Oil (UCO) Market: Impact Of Key Regulations
Chapter 5 Global Used Cooking Oil (UCO) Market Analysis and Forecast By Source
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Source
      5.1.2 Basis Point Share (BPS) Analysis By Source
      5.1.3 Absolute $ Opportunity Assessment By Source
   5.2 Used Cooking Oil (UCO) Market Size Forecast By Source
      5.2.1 Household Sector
      5.2.2 Commercial Sector
   5.3 Market Attractiveness Analysis By Source
Chapter 6 Global Used Cooking Oil (UCO) Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Used Cooking Oil (UCO) Market Size Forecast By Application
      6.2.1 Biodiesel
      6.2.2 Oleo Chemicals
      6.2.3 Animal feed
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Used Cooking Oil (UCO) Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Used Cooking Oil (UCO) Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Used Cooking Oil (UCO) Analysis and Forecast
   9.1 Introduction
   9.2 North America Used Cooking Oil (UCO) Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Used Cooking Oil (UCO) Market Size Forecast By Source
      9.6.1 Household Sector
      9.6.2 Commercial Sector
   9.7 Basis Point Share (BPS) Analysis By Source
   9.8 Absolute $ Opportunity Assessment By Source
   9.9 Market Attractiveness Analysis By Source
   9.10 North America Used Cooking Oil (UCO) Market Size Forecast By Application
      9.10.1 Biodiesel
      9.10.2 Oleo Chemicals
      9.10.3 Animal feed
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Used Cooking Oil (UCO) Analysis and Forecast
   10.1 Introduction
   10.2 Europe Used Cooking Oil (UCO) Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Used Cooking Oil (UCO) Market Size Forecast By Source
      10.6.1 Household Sector
      10.6.2 Commercial Sector
   10.7 Basis Point Share (BPS) Analysis By Source
   10.8 Absolute $ Opportunity Assessment By Source
   10.9 Market Attractiveness Analysis By Source
   10.10 Europe Used Cooking Oil (UCO) Market Size Forecast By Application
      10.10.1 Biodiesel
      10.10.2 Oleo Chemicals
      10.10.3 Animal feed
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Used Cooking Oil (UCO) Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Used Cooking Oil (UCO) Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Used Cooking Oil (UCO) Market Size Forecast By Source
      11.6.1 Household Sector
      11.6.2 Commercial Sector
   11.7 Basis Point Share (BPS) Analysis By Source
   11.8 Absolute $ Opportunity Assessment By Source
   11.9 Market Attractiveness Analysis By Source
   11.10 Asia Pacific Used Cooking Oil (UCO) Market Size Forecast By Application
      11.10.1 Biodiesel
      11.10.2 Oleo Chemicals
      11.10.3 Animal feed
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Used Cooking Oil (UCO) Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Used Cooking Oil (UCO) Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Used Cooking Oil (UCO) Market Size Forecast By Source
      12.6.1 Household Sector
      12.6.2 Commercial Sector
   12.7 Basis Point Share (BPS) Analysis By Source
   12.8 Absolute $ Opportunity Assessment By Source
   12.9 Market Attractiveness Analysis By Source
   12.10 Latin America Used Cooking Oil (UCO) Market Size Forecast By Application
      12.10.1 Biodiesel
      12.10.2 Oleo Chemicals
      12.10.3 Animal feed
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Used Cooking Oil (UCO) Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Used Cooking Oil (UCO) Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Used Cooking Oil (UCO) Market Size Forecast By Source
      13.6.1 Household Sector
      13.6.2 Commercial Sector
   13.7 Basis Point Share (BPS) Analysis By Source
   13.8 Absolute $ Opportunity Assessment By Source
   13.9 Market Attractiveness Analysis By Source
   13.10 Middle East & Africa (MEA) Used Cooking Oil (UCO) Market Size Forecast By Application
      13.10.1 Biodiesel
      13.10.2 Oleo Chemicals
      13.10.3 Animal feed
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Used Cooking Oil (UCO) Market: Competitive Dashboard
   14.2 Global Used Cooking Oil (UCO) Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Arrow Oils Ltd
      14.3.2 Baker Commodities, Inc.
      14.3.3 Brocklesby Limited
      14.3.4 Gemini Corporation N.V
      14.3.5 GRAND NATURAL INC.
      14.3.6 GREASECYCLE
      14.3.7 Greenergy International Ltd
      14.3.8 MBP Solutions
      14.3.9 Olleco
      14.3.10 OZ OILS PTY LTD.
      14.3.11 Quatra
      14.3.12 Valley Proteins, Inc.

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