Used Cooking Oil (UCO) Market Size, Trends & Growth [2031]
Used Cooking Oil (UCO) Market Size, Trends & Growth [2031]
Segments - Used Cooking Oil (UCO) Market 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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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.
Frequently Asked Questions
Additional company profiles can be provided on request
According to this Growth Market Reports report, the Used Cooking Oil market is likely to register a CAGR of 7.7% during forecast period 2020-2027, with an anticipated valuation of USD 11,675.7 Mn by the end of the 2028.
In addition to market size (in US$ Million), Company Market Share (in % for base year 2019), and quality parameter overview is provided.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Increasing usage of used cooking oil in biodiesel production and increasing number of hotels and restaurant chains in food processing industry are expected to drive the market growth during forecast period.
The major applications of Used Cooking Oil are biodiesel, oleochemical, animal feed, and others.
The market is expected to witness a significant decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the Used Cooking Oil market.
The base year considered for the global Used Cooking Oil market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
Factors such as growth of GDP, demand, regulations, and employment are expected to act as a driving force for the market.
Major Manufacturers Olleco, Baker Commodities, inc., Valley Proteins, Inc., Greenergy International Ltd, and Quatra., and others.
Table Of Content
Chapter 1 Executive SummaryChapter 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.
Methodology
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