Press release
Used Cooking Oil Market Size, Share, Industry Growth Key Player, Statistics, Ratio, Regional Demand, Forecast 2030
The worldwide Used Cooking Oil Market is expected to increase at a CAGR of 4.41%, with a value of USD 1,345.9 million during the projected year 2022-2030.
The recurrent use of vegetable oils for cooking food in both commercial and domestic sectors results in the production of used cooking oil. Used cooking oil typically has a mixed composition and can be made from various vegetable oils, such as sunflower, palm, rapeseed, soya, and others. The market for used cooking oil is expanding due to an increase in the use of used cooking oil as a feedstock for biodiesel manufacturing. The need for used cooking oil has also risen in these industries due to the widespread use of used cooking oil in the manufacturing of hydrogen gas, bio-lubricants, grease, oleo chemicals, animal feed, and others. This, in turn, encourages market expansion.
Request To Download Sample of This Strategic Report @ https://www.marketresearchfuture.com/sample_request/4516
The market for used cooking oil is expected to develop in the next years. However, problems, including the rise in used cooking oil theft and a lack of knowledge about its application, are expected to restrain it.
However, the initiatives done by governments in various nations, particularly for turning waste cooking oil into biodiesel, are anticipated to present a significant potential for the growth of the used cooking oil market. This is because spent cooking oil is more readily available and less expensive than vegetable oil, encouraging biodiesel producers to use it as the main feedstock. This, in turn, increases the demand for discarded cooking oil. Additionally, there is a rise in biodiesel manufacturing from leftover cooking oil since it uses 96% less energy than conventional diesel and saves 21% compared to crude oil. This has increased the usage of leftover cooking oil in the manufacturing of biodiesel and made it popular among producers of that fuel.
Market Segmentation:
The global market has been segmented into the source, application and regional basis. The source section divides the market into food manufacturers, HORECA, households and others. The application section is further divided into biodiesel, oleochemical products, animal feed and others. The regional basis is further classified into five sections Asia-Pacific, Middle East & Africa, North America, Europe and South America.
Regional Analysis:
The largest market share worldwide was in Europe. Asia-Pacific holds the greatest market share for vegetable oils globally and has the second-fastest growth rate. Due to the large concentration of the aquaculture sector in China, India, Vietnam, and Indonesia, the Asia-Pacific region has emerged as the leading market for the consumption of fish oil. Additionally, sophisticated nations like Japan and Australia use fish oil as a due to the growing health concerns among consumers. Due to its health advantages, olive oil, in particular, has the fastest growth rate.
This is due to increased environmental awareness, and government regulations favor consuming spent fuel, especially biodiesel, mostly made from used cooking oil. For instance, in the UK, leftover cooking oil accounts for 89% of the feedstock used to create biodiesel for transportation. As a result, this component supports the expansion of the European market.
Browse In-depth Market Research Report: @ https://www.marketresearchfuture.com/reports/used-cooking-oil-market-4516
Industrial News:
Other growth-promoting factors include advancements in processing and manufacturing technologies. Product producers are developing innovative ozone-treated oils with high calorific values and low ignition points. UCO is also frequently utilized as a component of fermentation medium that serves as a carbon source for microorganisms in biodiesel manufacture.
Discover more research reports on Food Beverage Industry, by Market Research Future:
Dairy Enzymes Market https://www.marketresearchfuture.com/reports/dairy-enzymes-market-5146
Frozen Pizza Market https://www.marketresearchfuture.com/reports/frozen-pizza-market-4705
Fast Food Market https://www.marketresearchfuture.com/reports/fast-food-market-1036
Egypt Honey Market https://www.marketresearchfuture.com/reports/egypt-honey-market-6239
Hummus Market https://www.marketresearchfuture.com/reports/hummus-market-1585
Contact us:
Market Research Future (part of Want stats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
+1 646 845 9312
Email: Sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Used Cooking Oil Market Size, Share, Industry Growth Key Player, Statistics, Ratio, Regional Demand, Forecast 2030 here
News-ID: 2773941 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
More Releases for Cooking
Cooking UP Change
FOR IMMEDIATE RELEASE
HR-4U.org and RayodeSol.org Announce Collaboration Celebration Event in NYC
New York, NY - HR-4U.org and RayodeSol.org are thrilled to announce a special collaboration celebration event on Saturday, March 29th, from 5:00 PM to 8:00 PM in New York City. This event will feature Wall Street Journal best-selling author Chris Schembra and will mark the beginning of an exciting project to build a Transformation KitchenTM️in Matagalpa, Nicaragua.
The Transformation Kitchen aims…
Cooking Spray Market Size And Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Cooking Spray Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
The Cooking Spray Market is experiencing significant growth, driven by increasing consumer awareness of healthy cooking practices and the convenience offered by cooking sprays. These…
Cooking Up Success: A Deep Dive into the Booming Large Cooking Appliance Market
The large cooking appliance market size has grown strongly in recent years. It will grow from $32.47 billion in 2023 to $34.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to shifting consumer lifestyles, design and aesthetics, consumer health awareness, urbanization and space constraints, product customization and personalization.
The large cooking appliance market size is expected…
Cooking without Fire Contest - 2023
Mahendra Next Wealth Conducted Cooking without fire Event. It can be a great activity for employees in the office for a number of reasons.
It's a fun and engaging way to get to know your colleagues better. When you're working together to create a meal, you're forced to communicate and collaborate. This can help to build relationships and create a sense of community in the workplace.
https://mnw.co.in/2023/09/05/cooking-without-fire-contest-2023/
Mahendra Next Wealth IT India Pvt.…
Multifunctional Cooking Machine Market Redefining Convenience and Cooking Effici …
Infinity Business Insights shares report on "Multifunctional Cooking Machine Market" which provides the company profile, product specifications, capacity, production value, and market shares for each company. The report will assist reader with better understanding and decision making.
In 2022, the Multifunctional Cooking Machine Market reached a size of USD 641.1 million. The market is also anticipated to grow at a compound annual growth rate (CAGR) of 13.77% from 2023 to 2030,…
What’s Cooking at Farrell Building Company?
Bridgehampton, NY -- Farrell Building Company, which has a long history of supporting local Hamptons causes, will once again be a presenting and platinum sponsor of three events benefiting East End charities as part of the Dan’s Papers “Taste of Summer” event series. This year, for the first time, Farrell will also be sponsoring Dan’s Papers’ new event, ClambakeMTK at Gurney’s Montauk.
At GrillHampton and Taste of Two Forks, Farrell will…
