IMARC Group, a leading market research company, has recently releases report titled “Used cooking oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Used cooking oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Used cooking oil (UCO), also referred to as recycled cooking oil or waste vegetable oil, is the residual oil resulting from previous cooking or frying activities. It is sourced from a variety of oils including sunflower, corn, canola, olive, palm, rapeseed, soybean, as well as animal fats. This type of oil is obtained after food is prepared in homes, restaurants, or commercial establishments. By undergoing processing and conversion, it can be transformed into a renewable fuel alternative suitable for diesel engines. Typically, used cooking oil possesses a darker hue and emits a distinct aroma compared to freshly used cooking oil.
The global used cooking oil market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
Used Cooking Oil Market Trends and Drivers:
The global demand for used cooking oil (UCO) is being fueled by the increasing consumer preference for biodiesel and green energy fuels that have a reduced carbon footprint, reflecting a growing environmental consciousness. Additionally, the market is benefiting from strict regulations implemented by governing bodies in various countries, which require proper disposal of UCO to prevent environmental contamination. Furthermore, the positive influence of sustainable practices is evident as more restaurants and food service providers are recycling their UCO, using it as an efficient feedstock source to lower their carbon emissions. Notably, advancements in processing and manufacturing technologies are expected to further drive the market's growth trajectory.
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Global Used Cooking Oil Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABP Food Group, Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Limited., Grand Natural Inc., Greasecycle LLC, MBP Solutions Ltd., Oz Oils Pty Ltd, Valley Proteins Inc. and Veolia Environment S.A
The report has segmented the market on the basis of region, source and application.
Breakup by Source:
· Household Sector
· Commercial Sector
Breakup by Application:
· Biodiesel
· Oleo Chemicals
· Animal feed
· Others
Breakup by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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