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Used Cooking Oil Market by Source (Household cooking oil, Commercial cooking oil, Industrial cooking oil), by Type of Processing (Unrefined used cooking oil, Refined used cooking oil), by Application (Biodiesel production, Animal feed, Cosmetics and personal care products, Industrial applications, Other), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Used Cooking Oil Market was valued at USD 6.6 Billion in 2023 and is projected to reach USD 9.73 Billion by 2032, with an expected CAGR of 5.7% during the forecast period. Used Cooking Oil (UCO) refers to vegetable oils and animal fats that have been previously used for cooking or frying in households, restaurants, or industrial food processing. Once cooking oils are utilized, their chemical composition undergoes changes due to exposure to high temperatures, moisture, and food particles, which can result in a decline in quality and an increase in impurities. Typically discarded as waste in the past, used cooking oil has gained significant attention in recent years due to its potential for sustainable reuse in various applications. One of the primary uses of UCO is in the production of biofuels, particularly biodiesel. Biodiesel derived from used cooking oil is a renewable energy source that helps reduce dependence on fossil fuels and contributes to lowering greenhouse gas emissions. As UCO is considered a waste product, its use in biodiesel production also reduces the demand for virgin oils, ensuring a more sustainable utilization of natural resources. Additionally, converting UCO into biodiesel prevents improper disposal, which can cause environmental pollution by clogging sewage systems or contaminating water bodies. This expansion is primarily driven by the increasing demand for UCO-based biodiesel, animal feed, and other value-added products. Government policies in various countries that mandate the collection and recycling of UCO contribute to its growth. Advancements in technology, such as automated collection systems, have enhanced the efficiency of UCO collection and processing, further bolstering market growth.
The Used Cooking Oil Market exhibits moderate concentration, with key players holding a substantial market share. ABP Food Group, Darling Ingredients, and Munzer are among the prominent names. The market is characterized by innovation, with companies investing in research and development to improve UCO collection and processing methods. Stringent regulations governing UCO disposal and the availability of product substitutes, such as palm oil and vegetable oil, influence market dynamics.
The Used Cooking Oil Market is witnessing several key trends, including:
Regions:
Segments:
Market Size: The global UCO market is valued at 6.6 Billion in 2023 and is projected to reach 11.5 Billion by 2028.
Market Share: ABP Food Group holds a significant market share of 22%, followed by Darling Ingredients with 18% and Munzer with 14%.
Growth: The market is expected to grow at a CAGR of 5.7% from 2023 to 2028, primarily driven by the increasing demand for biodiesel and animal feed.
North America:
Europe:
Asia Pacific:
June 2023:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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