Used Cooking Oil Market is driven by a rapidly evolving food and beverage segment with a healthy CAGR of 4.45% during the forecast period of 2022 to 2030

Used Cooking Oil Market Insights

According to MRFR analysis, the Used Cooking Oil Market is expected to register a CAGR of 4.45% from 2022to 2030and hold a value of over USD 1.6 billion by 2030.

The Used Cooking Oil (UCO) Market refers to the global market for the collection, processing, and recycling of waste cooking oils that have been previously used in food preparation or other industrial applications. Used cooking oil is collected from restaurants, fast-food chains, food manufacturers, and households, and is then refined or converted into biofuels, such as biodiesel or renewable diesel. The UCO market has been growing rapidly in recent years due to the increasing demand for sustainable and renewable energy sources, as well as the need for environmentally responsible waste management practices.

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The COVID-19 pandemic had a significant impact on the Used Cooking Oil (UCO) market. With many countries implementing lockdowns and social distancing measures to contain the spread of the virus, the demand for cooking oil in the foodservice industry has decreased, leading to a decrease in the supply of used cooking oil.

As people are staying at home more, there has been an increase in home cooking, which has led to a decrease in the amount of used cooking oil generated by the foodservice industry. This has further decreased the supply of used cooking oil available for recycling.

Regional Analysis

Asia Pacific is currently the largest market for used cooking oil, accounting for a significant share of the global market. This is due to the presence of large populations in countries such as China and India, where there is a high demand for cooking oil, leading to a large volume of used cooking oil being generated.

North America and Europe are also significant markets for used cooking oil, driven by strict government regulations and growing demand for biofuels as a renewable energy source.

Market Segmentation

The used cooking oil market has been segmented into source and application.

Based on the source, the market has been segmented into household and industrial.

Based on the application, the market has been segmented into biodiesel, oleo chemical products and animal feed.

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Key Players

Some of the key market players are:

• Greasecycle(US)
• Baker Commodities Inc. (US)
• Darling Ingredients Inc. (US)
• Arrows Oils Ltd (UK)
• Veolia Environment S.A.(France)
• Olleco Ltd (UK)
• Argent Energy (UK)
• Grand Natural Inc. (US)
• Waste Oil Recyclers Inc. (US)

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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