Used Cooking Oil Market Size of US$ 8.46 Billion by 2027 with a CAGR of 6.60% | IMARC Group

According to the latest report by IMARC Group, title "Used Cooking Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global used cooking oil market size reached US$ 5.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.46 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027.

Used cooking oil (UCO) refers to waste vegetable or residual oils produced from hotels, restaurants, cafés (HoReCa), food processing sectors, and households. This leftover cooking oil is primarily acquired from olive, corn, canola, soy oils, palm, sunflower, and animal fats. It is environment-friendly, cost-effective, and can be recycled and processed in bulk quantities. As a result, UCO finds extensive applications in biodiesel production, oleochemicals, soaps, hydrogenated vegetable oils (HVO), industrial greases, animal feed, paint remover, shampoo, and moisturizers.

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Used Cooking Oil Market Trends:

The market is primarily driven by the increasing adoption of bio-based fuels owing to the rising consumer awareness concerning green energy and carbon emissions. Additionally, the rising utilization of UCO in manufacturing animal feeds is contributing to market growth. Moreover, with significant developments in processing and manufacturing technologies, key players are developing innovative ozone-treated oil with high calorific worth and lower ignition points. This, coupled with the increasing usage of UCO as a fermentation media component, which acts as a carbon source in microorganisms for biodiesel production, is providing a positive thrust to market growth. Other factors, including the growing awareness about food wastage among individuals, the increasing government efforts to reduce oil wastage, and escalating fuel demand, are creating a positive market outlook across the globe.

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Key Market Segmentation:

The report has segmented the global used cooking oil market based on source, application and region.

Breakup by Source:
• Household Sector
• Commercial Sector

Breakup by Application:
• Biodiesel
• Oleo Chemicals
• Animal feed
• Others

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key Companies Covered in this Market Report:

• ABP Food Group
• Arrow Oils Ltd
• Baker Commodities Inc.
• Brocklesby Limited.
• Grand Natural Inc.
• Greasecycle LLC
• MBP Solutions Ltd.
• Oz Oils Pty Ltd
• Valley Proteins Inc.
• Veolia Environment S.A.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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