Used Cooking Oil Market by Source, Process, Application

List of Tables

[199 Pages Report] The Used Cooking Oil Market size was estimated at USD 2.28 billion in 2023 and expected to reach USD 2.42 billion in 2024, at a CAGR 6.37% to reach USD 3.51 billion by 2030.

The used cooking oil (UCO) market plays a pivotal role in the sustainability sphere by recycling vegetable oils and animal fats from the food industry, thus transforming waste into valuable bio-based products like biodiesel and bio-lubricants. This market, which spans the gamut from collection and filtration to the conversion into renewable resources, is driven by factors such as the rising demand for biodiesel fueled by global environmental policies, advancements in processing technologies, and increasing adoption of sustainable practices among food service providers. Noteworthy growth opportunities are on the horizon, including geographical expansion, the development of cutting-edge biorefinery technologies, and forging strategic partnerships to enhance supply chain efficiency. However, the sector also grapples with challenges including inconsistent UCO supply, contamination issues, competition from virgin oils, and regulatory variances. To navigate these hurdles and seize growth opportunities, a focus on innovation in processing technologies, exploration of new uses for UCO, improving collection mechanisms, and policy advocacy is essential for advancing the bio-economy and promoting circular economic models.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.28 billion
Estimated Year [2024]	USD 2.42 billion
Forecast Year [2030]	USD 3.51 billion
CAGR (%)	6.37%

Sources: Preference for convenient recycling solutions such as local collection schemes or drop-off points for food manufacturers

Food manufacturers represent a large-scale source of UCO, primarily due to their extensive operations in food processing. They generate UCO as a by-product of cooking and frying activities. Though individually small-scale, households collectively contribute a significant amount of UCO. Restaurants & caterers encompassing everything from small diners to large catering operations, generate substantial UCO volumes. Comparing the three sources, food manufacturers offer the highest UCO volume per entity but might incur significant logistical challenges. Households, while vast in number, present issues of scale and efficiency concerning collection. Restaurants and caterers strike a balance between volume and accessibility, making them highly effective partners in UCO recycling initiatives.

Application: Animal feeding stems from the cost-effectiveness and nutritional benefits of used cooking oil

Animal feeding constitutes one of the primary applications, turning waste into feed, this sector utilizes used cooking oil as an economical and energy-rich supplement for livestock. The essence of this application lies in the conversion into a valuable resource, reducing environmental footprints and feed costs. Biodiesel production marks the most significant stride in UCO utilization. Biodiesel represents a cleaner, biodegradable, and sustainable alternative to petroleum diesel, with lower emissions of greenhouse gasses and particulates. Oleo chemicals, derived from plant and animal fats, find extensive use in personal care, cleaning products, lubricants, and more. UCO acts as a raw material in producing greener oleochemical derivatives. While all three sectors benefit significantly, biodiesel production currently leads in terms of environmental impact and scalability. The animal feeding application follows, providing a cost-effective solution though somewhat limited by regulatory constraints and nutritional considerations. Oleo chemicals represent a burgeoning segment, driven by the global demand for sustainable products. However, it requires continued innovation and regulatory support to expand its market reach comparably.

Regional Insights

The Asia Pacific region, particularly China, Japan, and India, is seeing a significant rise in the demand for used cooking oil (UCO) for biodiesel production, owing to escalating environmental concerns and the push for renewable energy sources. Research initiatives and investments in sustainable energy alternatives are prominent, with several patents filed focusing on efficient UCO conversion technologies in major countries China, India, Japan. In the Americas, the United States and Canada are pivotal in the UCO market dynamics. The U.S. leads with well-established UCO collection and processing infrastructure, driven by the need for cleaner fuel alternatives and stringent environmental regulations. Customer awareness regarding the benefits of UCO recycling is high, influencing purchasing behaviors towards sustainable products. Recent patents in the U.S. focus on advanced biofuel technologies, showcasing significant research and development investments. Initiatives aiming at educating consumers and restaurants about the importance of UCO recycling have been impactful in altering purchasing behaviors and enhancing collection rates. The EU countries have been frontrunners in adopting stringent environmental policies, which have dramatically influenced the UCO market. High consumer awareness levels and participation in UCO recycling schemes are evident. The EU's Renewable Energy Directive (RED) incentivizes the UCO-to-biodiesel industry, leading to substantial investments and research into optimization and scaling of conversion technologies. In the Middle East, the growing emphasis on diversifying energy sources has sparked interest in UCO for biodiesel production, albeit at an early stage. Initiatives to collect UCO are underway, aiming to reduce environmental impact and generate economic value from waste.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Used Cooking Oil Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Used Cooking Oil Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Used Cooking Oil Market, highlighting leading vendors and their innovative profiles. These include ABP Food Group, All in Sanitation Services LLC, Apeiron AgroCommodities Pte. Ltd., Argent Energy (UK) Limited, Arrow Oils Ltd., Baker Commodities, Inc., BiomotivE (HK) Limited, Blue Honey Bio-Fuels, Inc., Cosmo Energy Holdings Co., Ltd., Darling Ingredients Inc., Environmental Oils Pty Ltd., First Mile Limited, GrainCorp Limited, Grand Natural Inc., Greasecycle, Greasezilla, Greenergy International Ltd., Greenlife Oil Holdings Pty Ltd., GreenPlanet Bio-Fuels Inc., MBP Solutions Ltd., Neste Oyj, OZ Oils Pty Ltd., Smart Alternative Fuels, Inc., and Veolia Environnement S.A..

Market Segmentation & Coverage

This research report categorizes the Used Cooking Oil Market to forecast the revenues and analyze trends in each of the following sub-markets:

Source
- Food Manufacturers
- Household
- Restaurants & Caterers

Process
- UCO Collection
- UCO Recycling

Application
- Animal Feeding
- Biodiesel Production
- Oleo Chemicals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Used Cooking Oil Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Used Cooking Oil Market?

3. What are the technology trends and regulatory frameworks in the Used Cooking Oil Market?

4. What is the market share of the leading vendors in the Used Cooking Oil Market?

5. Which modes and strategic moves are suitable for entering the Used Cooking Oil Market?

Product Code: MRR-034B50030341

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Use of Used Cooking Oil in the Production of Biodiesel, Hydrogen Gas, and Bio Lubricants
  - 5.1.1.2. Gradual Increase in Production of Animal Feed
  - 5.1.1.3. Rising Government Efforts to Reduce Oil Wastage
- 5.1.2. Restraints
  - 5.1.2.1. Certain Issues Associated with the Use of Used Cooking Oil for Biodiesel Production
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of Advanced Technologies for Producing UCO Recycling
  - 5.1.3.2. Collaboration Strategies Between UCO Collectors and Biodiesel Manufacturers
- 5.1.4. Challenges
  - 5.1.4.1. Rise in Theft of Used Cooking Oil
5.2. Market Segmentation Analysis
- 5.2.1. Sources: Preference for convenient recycling solutions such as local collection schemes or drop-off points for food manufacturers
- 5.2.2. Application: Animal feeding stems from the cost-effectiveness and nutritional benefits of used cooking oil
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Used Cooking Oil Market, by Source

6.1. Introduction
6.2. Food Manufacturers
6.3. Household
6.4. Restaurants & Caterers

7. Used Cooking Oil Market, by Process

7.1. Introduction
7.2. UCO Collection
7.3. UCO Recycling

8. Used Cooking Oil Market, by Application

8.1. Introduction
8.2. Animal Feeding
8.3. Biodiesel Production
8.4. Oleo Chemicals

9. Americas Used Cooking Oil Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Used Cooking Oil Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Used Cooking Oil Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Darling Ingredients Inc. Completes Acquisition of Polish Rendering Company Miropasz Group
- 12.3.2. Five Star Collaborates with BSGF to Transform Cooking Oil into Sustainable Aviation Fuel
- 12.3.3. Neste's acquisition of used cooking oil collection and aggregation business from Crimson Renewable Energy in the United States is completed

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio