Image

Global Used Cooking Oil Market – Industry Trends and Forecast to 2031

Food & Beverage

Image

Global Used Cooking Oil Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Used Cooking Oil Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 6.62 USD Billion
Diagram Market Size (Forecast Year) USD 9.77 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Used Cooking Oil Market, By Source (Food Manufacturers, HORECA, Household and others), Application (Biodiesel, Oleo chemical Products, Animal Feed and others) – Industry Trends and Forecast to 2031.

Used Cooking Oil Market

Used Cooking Oil Market Analysis and Size

The application of used cooking oil in animal feed additives involves processing the oil to remove impurities and then incorporating it into animal feed formulations. This practice is particularly common in the livestock and poultry industries. Used cooking oil can serve as a valuable source of energy and essential fatty acids for animals. It is often blended with other feed ingredients to create balanced diets that promote animal health and growth.

Data Bridge Market Research analyses the global used cooking oil market, which was USD 6.62 billion in 2023, is expected to reach USD 9.77 billion by 2031, at a CAGR of  5.00% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Used Cooking Oil Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Source (Food Manufacturers, HORECA, Household and others), Application (Biodiesel, Oleo chemical Products, Animal Feed and others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

KRATON CORPORATION (U.S.), PAG KIMYA SAN. TIC. LTD. STI. (Turkey), TCG GREENCHEM (U.S.), YKA Akay Ticaret ve Kimya Sanayi A.Ş. (Turkey), G.C. RUTTEMAN & Co. B.V. (Netherlands), MALPLAST INDUSTRIES LIMITED (Kenya), Finis-Eillert (Netherlands), Bettcher Industries, Inc. (U.S.), ANKO FOOD MACHINE CO. LTD. (Taiwan), Heat and Control, Inc. (U.S.), Baader Global SE (Germany), Dover Corporation (U.S.)

Market Opportunities

  • Rise in Adoption of Recycled Cooking Oil in the Food Industry
  • Rise in Technological Innovations Improving Efficiency for Businesses

Market Definition

Used cooking oil is the oil that has been previously used in frying or cooking food. It typically comes from household kitchens, restaurants, or other food service establishments. After cooking, the oil becomes contaminated with food particles, debris, and other impurities, making it unsuitable for further culinary use. However, instead of disposing of it, used cooking oil can be recycled or repurposed for various purposes such as biodiesel production, animal feed additives, or industrial applications such as soap and lubricant manufacturing.

Used Cooking Oil Market Dynamics

Drivers

  • Rise in Environmental Concerns Leads to the Growing Demand for Biodiesel

Used cooking oil versatile applications in biodiesel production, used cooking oil has become a valuable commodity in the renewable energy sector. As industries and individuals increasingly recognize the benefits of utilizing biodiesel derived from used cooking oil, the market for this resource expands. This trend addresses waste management challenges and contributes to reducing carbon emissions. Acoording to the Department of Energy indicate significant growth in biodiesel production, with an estimated rise from 54 billion gallons per year (BGY) in 2020 to 83 BGY by 2030. This expected expansion underscores the pivotal role of biodiesel as a sustainable fuel alternative and further amplifies the significance of used cooking oil uses, driving its market growth and solidifying its position in the renewable energy landscape.

  • Rise in Stringent Environmental Regulations Promotes Sustainability

Stringent environmental regulations aimed at reducing waste and promoting sustainability are key drivers of the used cooking oil market. Policies mandating used cooking oil collection and recycling divert it from landfills, encouraging its use in biofuel production and minimizing environmental impact. The demand for used cooking oil recycling is further fueled by the need for sustainable practices in the food industry, where used cooking oil can be repurposed into biodiesel fuel, aligning with eco-friendly initiatives. This emphasis on recycling used cooking oil supports environmental conservation and contributes to the circular economy by reducing waste and promoting resource efficiency. One more time oil recycling is crucial in this market to ensure compliance with legal requirements and foster a greener approach to managing used cooking oil.

For Instance, In January 2022, the Food Safety and Standards Authority of India (FSSAI) implemented a Standard Operating Procedure (SOP) to address malpractices in the disposal of used cooking oil. This SOP aims to regulate the safe and efficient used cooking oil and grease disposal from food service establishments, emphasizing the importance of understanding and complying with laws and regulations regarding their storage and disposal to prevent environmental harm. A key aspect of this SOP is the installation and maintenance of grease traps, which are essential for intercepting grease before it enters wastewater systems, thus preventing plumbing issues.

Opportunities

  • Growing Government Initiatives Increases the Consumption of Used Cooking Oil

Through policies such as tax incentives for businesses to recycle cooking oil and subsidies for the production of biofuels from used oil, governments can create a favorable environment for growth. Additionally, regulatory measures mandating proper disposal and recycling of cooking oil can drive market demand further. It supports research and development in technologies for converting used cooking oil into various products such as biodiesel and animal feed, governments can unlock the economic potential of this market while simultaneously addressing environmental concerns.  

  • Rise in Technological Innovations Improving Efficiency for Businesses

Advanced filtration and purification methods can enhance the quality of recycled cooking oil, making it more suitable for a wider range of applications, including biodiesel production and food processing. Additionally, developments in waste-to-energy technologies enable the conversion of used cooking oil into electricity or heat, providing alternative energy sources and reducing reliance on fossil fuels. Furthermore, automation and digitalization can streamline collection and processing processes, improving efficiency and reduce used cooking oil price for businesses involved in the used cooking oil market.

Restraints/Challenges

  • Limited Availability of Used Cooking Oil Impact its Recycling Processes

This scarcity stems from various factors, including insufficient collection infrastructure, competing demands for the oil in other industries, and inadequate public awareness regarding its recycling potential. This scarcity hampers the establishment of efficient recycling channels, thereby impeding efforts to transform used cooking oil into biodiesel or other valuable products. Consequently, without a steady supply of used cooking oil, the sustainability and viability of recycling initiatives are compromised, hindering progress towards a circular economy and environmentally friendly practices in the food industry.

  • Rise in Competition with Alternative Fuels Limits the Utilization of Used Cooking Oil

As biofuels gain popularity as a cleaner energy source, there's a growing competition for feedstock materials such as used cooking oil. This competition escalates prices, making it less economically feasible for other industries that traditionally rely on this oil, such as the food industry. Consequently, businesses may seek out alternative sources or face increased costs, potentially impacting their operations and profitability. This competition highlights the complex interplay between energy needs and resource allocation in sustainable development efforts.

This used cooking oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the used cooking oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In February 2022, St1 Nordic Oy acquired Brocklesby Ltd., a specialist in recycling used cooking oil and fatty food waste, expanding their capabilities in sustainable waste management and biofuel production
  • In November 2022, KNP Arises, led by Kirti and Sushil Vaishnav, converted 3 million liters of waste cooking oil from restaurants in Delhi into biodiesel, demonstrating a significant reduction of 80% in carbon dioxide emissions compared to fossil fuels, contributing to environmental sustainability
  • In November 2022, Neste, a global renewable fuel producer, acquired the used cooking oil (UCO) collection and aggregation business of Crimson Renewable Energy Holdings, LLC, strengthening their position in the renewable energy market on the US West Coast, particularly in biodiesel production from recycled cooking oil
  • In December 2022, The Food Safety and Standards Authority of India (FSSAI) collected approximately 60,000 liters of wasted cooking oil from hotels and restaurants in Ernakulam, submitting it for conversion into biodiesel through the Repurpose Wasted Cooking Oil (RUCO) initiative, promoting sustainable waste management practices and renewable energy production

Used Cooking Oil Market Scope

The used cooking oil market is segmented on the basis of source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

  • Food Manufacturers
  • HORECA
  • Household
  • Others

Application

  • Biodiesel
  • Oleo chemical Products
  • Animal Feed
  • Others

Used Cooking Oil Market Regional Analysis/Insights

The used cooking oil market is analysed and market size insights and trends are provided by country, source and application as referenced above.

The countries covered in the used cooking oil market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the used cooking oil market due to the frequent use of waste-to-energy products, particularly in the production of biodiesel. The Europe has implemented various regulations and initiatives that encourage the recycling and reuse of used cooking oil, creating a well-established market in the region. The high level of awareness about sustainable and eco-friendly energy sources in Europe has driven the growth of the used cooking oil market, with countries such as Germany, France, and the U,K. being significant contributors to the market. The European Union's Green Deal and the renewable energy directive have played a crucial role in promoting the use of renewable energy sources, including biodiesel produced from used cooking oil.

North America holds a substantial share in the used cooking oil market, largely fueled by the region's growing reliance on biofuels to address its energy demands. Within North America, the U.S. stands out for its significant growth in production of biodiesel from used cooking oil, offering a financially advantageous substitute to traditional vegetable oil. This surge in biodiesel production has catalyzed remarkable growth in the used cooking oil market. The trend mirrors the worldwide transition towards sustainable energy solutions, propelling both biodiesel production and the broader used cooking oil market expansion.

South and East Asia are expected to experience the highest growth in the cooking oil market, due to population growth and increasing awareness of the environmental impact of used cooking oil. The rising population in these regions drives higher consumption of cooking oil, while growing environmental consciousness encourages the adoption of sustainable practices such as recycling used cooking oil. This trend is expected to fuel demand for cooking oil in South and East Asia, making them key growth markets in the global cooking oil industry.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Used Cooking Oil Market Share Analysis

The used cooking oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to used cooking oil market.

Some of the major players operating in the used cooking oil market are:

  • KRATON CORPORATION (U.S.)
  • PAG KIMYA SAN. TIC. LTD. STI. (Turkey)
  • TCG GREENCHEM (U.S.)
  • YKA Akay Ticaret ve Kimya Sanayi A.Ş. (Turkey)
  • G.C. RUTTEMAN & Co. B.V. (Netherlands)
  • MALPLAST INDUSTRIES LIMITED (Kenya)
  • Finis-Eillert (Netherlands)
  • Bettcher Industries, Inc. (U.S.)
  • ANKO FOOD MACHINE CO. LTD. (Taiwan)
  • Heat and Control, Inc. (U.S.)
  • Baader Global SE (Germany)
  • Dover Corporation (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Used Cooking Oil Market size will be worth USD 9.77 billion by 2031.
The Used Cooking Oil Market growth rate is 5.00% by 2031.
Rise in Environmental Concerns Leads to the Growing Demand for Biodiesel and Rise in Stringent Environmental Regulations Promotes Sustainability are the growth drivers of the Used Cooking Oil Market.
The source and application are the factors on which the Used Cooking Oil Market research is based.
The major companies in the Used Cooking Oil Market are KRATON CORPORATION (U.S.), PAG KIMYA SAN. TIC. LTD. STI. (Turkey), TCG GREENCHEM (U.S.), YKA Akay Ticaret ve Kimya Sanayi A.Ş. (Turkey), G.C. RUTTEMAN & Co. B.V. (Netherlands), MALPLAST INDUSTRIES LIMITED (Kenya), Finis-Eillert (Netherlands), Bettcher Industries, Inc. (U.S.), ANKO FOOD MACHINE CO. LTD. (Taiwan), Heat and Control, Inc. (U.S.), Baader Global SE (Germany), Dover Corporation (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials