PUBLISHER: Polaris Market Research | PRODUCT CODE: 1505034
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1505034
Used Cooking Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Restaurants and Other Food Outlets, Household, Food Manufacturers, Caterers, Others); By Application; By Region; Segment Forecast, 2024 - 2032
The global used cooking oil market size is expected to reach USD 14.27 billion by 2032, according to a new study by Polaris Market Research. The report "Used Cooking Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Restaurants and Other Food Outlets, Household, Food Manufacturers, Caterers, Others); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Used cooking oil (UCO), commonly called waste cooking oil or recycled cooking oil, has been previously used for frying, cooking, or other culinary applications. It is the residual oil left behind after cooking food items like French fries, chicken, or other deep-fried dishes. UCO is generated various food service establishments, including restaurants, hotels, fast-food chains, cafeterias, and households.
Used cooking oil (UCO) is primarily a biofuel for power generation and heating. Additionally, it is utilized as a high-energy animal feed improver in the animal feed market, contributing to the production of various animal food goods. The versatility of UCO has led manufacturers to develop a wide range of products using this valuable resource.
The growing demand for biofuels in both developing and developed economies has been a key driver behind the rise of the used cooking oil market. Factors such as increasing urbanization, industrialization, and the need for sustainable energy sources have propelled the market's growth.
Furthermore, the expanding global population and rising awareness about utilizing sustainable resources have further supported the market's expansion. The increasing demand for sustainable energy solutions and growing environmental consciousness drive the market's growth for used cooking oils. Market players employ competitive strategies such as expansion, product launches, development, partnerships, mergers, and acquisitions to strengthen their position in the competitive landscape of the used cooking oil (UCO) market.
In addition, recent market developments and technological advancements in processing waste cooking oil into high-quality refined oil are poised to stimulate overall market growth. The rapidly evolving food and service industry, characterized by innovative culinary preparations, has directly influenced the production of used cooking oil (UCO). Furthermore, increasing government initiatives aimed at promoting the utilization of UCO for industrial purposes are expected to drive the growth of the used cooking oil market in the coming years.
Public health management has made significant efforts to encourage the consumption of cholesterol-free oils, low-calorie, due to their naturally lower saturated fatty acids, which reduce the risk of cardiovascular diseases and improve digestion and metabolism. Informed and health-conscious consumers increasingly opt for healthy, natural, and nutritious products, which is anticipated to propel the market's growth further.
Used Cooking Oil Market Report Highlights
The Food Manufacturers segment expected to the witness fastest CAGR during the forecast period. This segment refers to companies involved in producing and processing various food products. Factors such as increasing consumer demand for packaged and processed food items, expanding the food processing industry and introducing innovative food products contributed to the segment's dominance in the market.
In 2023, the bio-diesel segment accounted for the largest market share which focuses on producing and utilizing bio-diesel, a renewable fuel derived from organic sources such as used cooking or plant-based oils.
In 2023, Europe region dominated the largest used cooking oil (UCO) market, due to increasing environmental concerns, supportive regulations promoting the recycling and sustainable utilization of used cooking oil, and a growing demand for biofuels and renewable energy sources.
The global key market players include Lywood Consulting, Darling Ingredients, Argent Energy, Uptown Biodiesel Limited, Devon Biofuels, Proper Oils, Brocklesby Ltd, Baker Commodities Inc., Biomotive Fuel Ltd., and Greenergy International Ltd.
Polaris Market Research has segmented the used cooking oil market report based on source, application, and region:
Used Cooking Oil, Source Outlook (Revenue - USD Billion, 2019 - 2032)
- Restaurants and Other Food Outlets
- Household
- Food Manufacturers
- Caterers
- Others
Used Cooking Oil, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Bio-diesel
- Oleochemicals
- Animal feed
- Others
Used Cooking Oil, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Netherlands
- Spain
- Russia
- Asia Pacific
- Japan
- China
- India
- Malaysia
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Used cooking oil Market Insights
- 4.1. Used cooking oil Market - Industry Snapshot
- 4.2. Used cooking oil Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing health awareness and rising clean energy alternatives
- 4.2.1.2. The global expansion of food industry and the rising demand for biofuels
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Health concerns associated with excessive intake of used cooking oil
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Used cooking oil Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Used cooking oil Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Used cooking oil, by Source, 2019-2032 (USD Billion)
- 5.3. Restaurants and Other Food Outlets
- 5.3.1. Global Used cooking oil Market, by Restaurants and Other Food Outlets, by Region, 2019-2032 (USD Billion)
- 5.4. Household
- 5.4.1. Global Used cooking oil Market, by Household, by Region, 2019-2032 (USD Billion)
- 5.5. Food Manufacturers
- 5.5.1. Global Used cooking oil Market, by Food Manufacturers, by Region, 2019-2032 (USD Billion)
- 5.6. Caterers
- 5.6.1. Global Used cooking oil Market, by Caterers, by Region, 2019-2032 (USD Billion)
- 5.7. Others
- 5.7.1. Global Used cooking oil Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Used cooking oil Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 6.3. Bio-diesel
- 6.3.1. Global Used cooking oil Market, by Bio-diesel, by Region, 2019-2032 (USD Billion)
- 6.4. Oleochemicals
- 6.4.1. Global Used cooking oil Market, by Oleochemicals, by Region, 2019-2032 (USD Billion)
- 6.5. Animal feed
- 6.5.1. Global Used cooking oil Market, by Animal feed, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Used cooking oil Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Used cooking oil Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Used cooking oil Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Used cooking oil Market - North America
- 7.3.1. North America: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.3.3. Used cooking oil Market - U.S.
- 7.3.3.1. U.S.: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.3.4. Used cooking oil Market - Canada
- 7.3.4.1. Canada: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4. Used cooking oil Market - Europe
- 7.4.1. Europe: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.3. Used cooking oil Market - UK
- 7.4.3.1. UK: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.4. Used cooking oil Market - France
- 7.4.4.1. France: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.5. Used cooking oil Market - Germany
- 7.4.5.1. Germany: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.6. Used cooking oil Market - Italy
- 7.4.6.1. Italy: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.7. Used cooking oil Market - Spain
- 7.4.7.1. Spain: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.8. Used cooking oil Market - Netherlands
- 7.4.8.1. Netherlands: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.4.9. Used cooking oil Market - Russia
- 7.4.9.1. Russia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5. Used cooking oil Market - Asia Pacific
- 7.5.1. Asia Pacific: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.3. Used cooking oil Market - China
- 7.5.3.1. China: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.4. Used cooking oil Market - India
- 7.5.4.1. India: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.5. Used cooking oil Market - Malaysia
- 7.5.5.1. Malaysia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.6. Used cooking oil Market - Japan
- 7.5.6.1. Japan: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.7. Used cooking oil Market - Indonesia
- 7.5.7.1. Indonesia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.5.8. Used cooking oil Market - South Korea
- 7.5.8.1. South Korea: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.6. Used cooking oil Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.6.3. Used cooking oil Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.6.4. Used cooking oil Market - UAE
- 7.6.4.1. UAE: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.6.5. Used cooking oil Market - Israel
- 7.6.5.1. Israel: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.6.6. Used cooking oil Market - South Africa
- 7.6.6.1. South Africa: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.7. Used cooking oil Market - Latin America
- 7.7.1. Latin America: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.7.3. Used cooking oil Market - Mexico
- 7.7.3.1. Mexico: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.7.4. Used cooking oil Market - Brazil
- 7.7.4.1. Brazil: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- 7.7.5. Used cooking oil Market - Argentina
- 7.7.5.1. Argentina: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Argent Energy
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Baker Commodities Inc
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Biomotive Fuel Ltd
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Brocklesby Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Darling Ingredients
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Devon Biofuels
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Greenergy International Ltd
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Lywood Consulting
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Proper Oils
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Uptown Biodiesel Limited
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 Global Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 3 Used cooking oil Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 6 U.S.: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 8 Canada: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 10 Europe: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 12 UK: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 14 France: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 16 Germany: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 18 Italy: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 20 Spain: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 22 Netherlands: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 24 Russia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 28 China: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 30 India: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 32 Malaysia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 34 Japan: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 36 Indonesia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 38 South Korea: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 44 UAE: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 46 Israel: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 48 South Africa: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 50 Latin America: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 52 Mexico: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 54 Brazil: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
- Table 56 Argentina: Used cooking oil Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Used cooking oil Market, by Source, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Used cooking oil Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Used cooking oil Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Source
- Figure 9 Global Used cooking oil Market, by Source, 2022 & 2032 (USD Billion)
- Figure 10 Used cooking oil Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Used cooking oil Market
