PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1577615
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1577615
Used Cooking Oil
Global Used Cooking Oil Market to Reach US$10.0 Billion by 2030
The global market for Used Cooking Oil estimated at US$6.9 Billion in the year 2023, is expected to reach US$10.0 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2023-2030. Biodiesel Application, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Oleo Chemicals Application segment is estimated at 5.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 5.1% CAGR
The Used Cooking Oil market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.9% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Global Used Cooking Oil Market - Key Trends and Drivers Summarized
How Is Used Cooking Oil Becoming a Key Ingredient in the Renewable Energy Sector?
Used cooking oil (UCO) has emerged as a valuable resource in the renewable energy sector, particularly in the production of biodiesel. Once considered waste, used cooking oil is now recognized for its potential to be repurposed into an eco-friendly fuel source, reducing the reliance on fossil fuels. Biodiesel produced from UCO is a cleaner alternative to traditional diesel, as it emits lower levels of greenhouse gases and particulate matter. The collection and conversion of UCO have gained momentum in recent years, driven by regulatory mandates for renewable energy and the growing focus on circular economy practices. UCO is also used in various non-fuel applications, such as in the production of soaps, detergents, and animal feed.
What Are the Key Segments and Applications of Used Cooking Oil?
The used cooking oil market is segmented by application, with biodiesel production being the largest segment, followed by non-fuel applications such as the production of oleochemicals and animal feed. In terms of collection channels, UCO is primarily sourced from restaurants, fast-food chains, and food processing plants, which generate large volumes of waste oil. Households also contribute to UCO collection, although on a smaller scale. Geographically, Europe leads the UCO market, driven by stringent regulations on renewable energy and biodiesel production. North America and Asia-Pacific are also significant markets, with the latter experiencing rapid growth due to the expansion of biodiesel industries in countries like China and India.
How Are Regulatory and Sustainability Trends Impacting the UCO Market?
Regulatory mandates and sustainability initiatives are key drivers of growth in the used cooking oil market. Governments in Europe and North America have implemented policies that promote the use of biodiesel as part of their broader efforts to reduce carbon emissions and meet renewable energy targets. For example, the European Union’s Renewable Energy Directive (RED II) encourages the use of UCO in biofuel production to reduce dependence on virgin oils and promote waste-to-energy conversion. Moreover, the circular economy trend is gaining traction, with more companies adopting sustainable practices by recycling waste oil into valuable products. The environmental benefits of using UCO as a feedstock for biodiesel, coupled with its cost-effectiveness compared to virgin oils, make it an increasingly attractive option for both producers and consumers.
What Factors Are Driving the Growth in the Used Cooking Oil Market?
The growth in the used cooking oil market is driven by several factors, including the increasing demand for biodiesel as a renewable energy source and the rising emphasis on circular economy practices. Regulatory mandates in regions such as Europe and North America are encouraging the collection and repurposing of UCO for biofuel production, reducing waste and promoting sustainable energy. The cost-effectiveness of UCO compared to virgin oils is also a key driver, as biodiesel producers seek affordable feedstock options. Additionally, the expansion of non-fuel applications, such as the use of UCO in the production of oleochemicals and animal feed, is further fueling market growth. The growing awareness of environmental sustainability and the push toward reducing carbon emissions are also playing a pivotal role in the market’s expansion.
Select Competitors (Total 25 Featured) -
- ABP Food Group
- Argent Energy UK Ltd.
- Arrow Oils Ltd.
- Baker Commodities, Inc.
- Darling Ingredients, Inc.
- Farmet AS
- Grand Natural Inc
- GreaseCycle
- MBP Solutions Ltd.
- Monopoly Innovations Private Limited.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Used Cooking Oil - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Rising Demand for Biofuels and Renewable Energy Drives Growth in Used Cooking Oil Recycling
- Expansion of Circular Economy Practices Strengthens Business Case for Used Cooking Oil Collection and Reuse
- Increased Focus on Sustainability and Waste Reduction Propels Adoption of Used Cooking Oil in Biodiesel Production
- Technological Advancements in Oil Collection and Filtration Generate Opportunities for Efficient Used Cooking Oil Processing
- Growing Demand for Low-Carbon Energy Sources Expands Addressable Market for Used Cooking Oil as a Feedstock
- Rising Adoption of Waste-to-Energy Practices Sustains Demand for Recycled Cooking Oil in Industrial Applications
- Increased Focus on Sustainable Aviation Fuels Generates Opportunities for Used Cooking Oil-Based Jet Fuel
- Expansion of Foodservice Industry Drives Collection of Used Cooking Oil for Recycling and Repurposing
- Growing Awareness of Environmental Impacts of Oil Disposal Spurs Demand for Proper Used Cooking Oil Management
- Rising Demand for Eco-Friendly Personal Care and Cosmetic Products Fuels Use of Recycled Cooking Oil as an Ingredient
- Technological Innovations in Biodiesel Refining Strengthen Demand for High-Quality Used Cooking Oil
- Increased Focus on Waste Valorization Drives Circular Economy Opportunities in Used Cooking Oil Sector
- Growth of Bio-Based Chemicals Industry Propels Adoption of Used Cooking Oil as a Renewable Feedstock
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Used Cooking Oil Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Used Cooking Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Used Cooking Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Used Cooking Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Biodiesel Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Biodiesel Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Biodiesel Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Oleo Chemicals Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Oleo Chemicals Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Oleo Chemicals Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Animal Feed Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Animal Feed Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Animal Feed Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 15: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 17: USA Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: USA Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: USA 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: Canada Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: Canada 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- JAPAN
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 23: Japan Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 24: Japan Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: Japan 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- CHINA
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 26: China Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: China Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: China 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- EUROPE
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 29: Europe Recent Past, Current & Future Analysis for Used Cooking Oil by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Used Cooking Oil by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Used Cooking Oil by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: Europe Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: Europe 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- FRANCE
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 35: France Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: France Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: France 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- GERMANY
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Germany Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: Germany 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- ITALY
- TABLE 41: Italy Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: Italy Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: Italy 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- UNITED KINGDOM
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 44: UK Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: UK Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: UK 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- ASIA-PACIFIC
- Used Cooking Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
- REST OF WORLD
- TABLE 53: Rest of World Recent Past, Current & Future Analysis for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 54: Rest of World Historic Review for Used Cooking Oil by Application - Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 55: Rest of World 16-Year Perspective for Used Cooking Oil by Application - Percentage Breakdown of Value Sales for Biodiesel Application, Oleo Chemicals Application, Animal Feed Application and Other Applications for the Years 2014, 2024 & 2030
IV. COMPETITION
