Used Cooking Oil (UCO) Market 2023 - Opportunity Analysis and Business Strategies

Used cooking oils (UCOs) are oils and fats that have been already used for cooking or frying edible products in the food processing industry, restaurants, fast foods joints, and households. UCO obtained from wastewater treatment plants is a nonhazardous material. It is estimated that currently around 90% of cooking oils and fat used are produced from vegetable oils.

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The global used cooking oil market has witnessed significant growth over the past few years. The market is driven by increasing demand for used cooking oils in emerging nations such as India, Indonesia, and Argentina. Moreover, the health benefits associated with the consumption of used cooking oils supplement the market growth. Moreover, surge in the number of restaurants, fast food joints, and quick service restaurants supplement the market growth. However, high costs of printing equipment, and raw materials are expected to hamper the market growth. Moreover, detrimental health effects caused due to excessive consumption of used cooking oils are major factors hampering its adoption worldwide.

The global used cooking oil market is segmented based on application, end-user industry, and geography. Based on application, the market is divided into biodiesel, animal feed, oleo-chemicals, and others. Based on end-user industry, the market is divided into food manufacturers, hoteliers, restaurants & caterers, households, and others. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The major players operating in the global market have adopted various strategies, such as mergers, acquisitions, collaborations, and partnerships to strengthen their market outreach and sustain the intense competition in the market.

Key Market Players

• Argent Energy
• Baker Commodities
• Biomotive Fuel Ltd.
• Brocklesby Ltd.
• Darling Ingredients
• Devon Biofuels
• Greenergy
• Harvest Energy
• Lywood Consulting
• Nidera

Used Cooking Oil (UCO) Market Key Segments:

By Application

• Biodiesel
• Animal Feed
• Oleo-chemicals

By End-user Industry

• Food Manufacturers
• Hoteliers
• Restaurants & Caterers
• Households

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