Russia's Used Cooking Oil Market Set to Reach USD 66.36 Million by 2027 | Infinium Global Research

Infinium Global Research has added a new report on Russia Used Cooking Oil Market. The report covers the analysis of regional markets of Russia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Russia used cooking oil market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Russia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Russia used cooking oil market, which boasted a valuation of USD 53.35 million in 2020, is on an upward trajectory, poised to reach USD 66.36 million by 2027. This growth is expected to unfold at a steady CAGR of 3.22% over the forecast period.

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Emergence of Used Cooking Oil as a Lubricant

Russia stands as one of Europe's largest markets for lubricants, with Gazpromneft-Lubricants, a leading lubricant manufacturer, estimating a consumption of 1.56 million tons in 2018. Used cooking oil has emerged as a promising raw material for bio-lubricant production. Extensive research has substantiated the advantages of using used cooking oil over other oils, with the cost of obtaining this resource for bio-lubricants being 2.5 to 3.5 times lower than that of vegetable oils. Furthermore, bio-lubricants derived from used cooking oil contribute to reducing the environmental impact caused by oil disposal.

Government Regulations Encourage Sustainable Practices

Russia has taken commendable strides in promoting sustainable practices through legislative measures. The federal law on waste production and consumption, complemented by government decrees and Rosprirodnadzor acts, strictly regulates the collection and processing of oils. Under these regulations, used oils are classified as hazardous waste, and their disposal on land and water bodies, as well as incineration without prior removal of heavy additives, is prohibited. This strong regulatory framework not only mitigates pollution but also propels the demand for used cooking oil in the production of bio-lubricants.

A Booming Livestock Sector

The livestock sector in Russia is thriving, boasting a significant population of over 18 million cattle and 40,000 pigs. To cater to the nutritional needs of these animals, fats and oils recycled from used cooking oil are incorporated into animal feed. This practice elevates the caloric value of the feed, provides essential fatty acids and liposoluble vitamins, and serves various digestive functions. The need to sustain the country's large population of livestock propels the demand for used cooking oil in the animal feed sector.

Challenges: Awareness and Infrastructure

Despite the clear advantages and regulatory support, the growth of the used cooking oil market in Russia faces several challenges. Lack of awareness among waste generators, including the general population, restaurants, and hotels, about the environmental benefits of recycling used cooking oil hinders its collection. Additionally, inadequate collection infrastructure and high transportation tariffs discourage both generators and market players from participating in recycling efforts. The absence of specific guidelines for accounting used oils further complicates the process.

Promising Prospects for Biodiesel

While the industrial production of biodiesel is currently limited in Russia, industry experts anticipate its profitability if the government provides exemptions from excise taxes. Biodiesel offers numerous advantages as an alternative fuel, including reduced carbon monoxide emissions, significantly less soot, lower sulfur content, and desirable properties such as lubrication, odorlessness, and biodegradability. The compatibility of biodiesel with various diesel plants positions it as a promising alternative to fossil fuels, opening up growth opportunities in the market.

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Table of Contents

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Russia Used Cooking Oil Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Russia Used Cooking Oil Market

Chapter 4. Russia Used Cooking Oil Market by Source

4.1. Food Manufacturers

4.2. Restaurants and Caterers

4.3. Household

4.4. Other Source

Chapter 5. Russia Used Cooking Oil Market by Application

5.1. Biodiesel Production

5.2. Animal Feeding

5.3. Oleo Chemicals

5.4. Other Application

Chapter 6. Company Profiles

6.1 Hakus

6.1.1 Overview

6.1.2 Company Snapshot

6.1.3 Product Portfolio

6.2 LLC Marikap

6.2.1 Overview

6.2.2 Company Snapshot

6.2.3 Product Portfolio

6.3 Oil Trans LLC

6.3.1 Overview

6.3.2 Company Snapshot

6.3.3 Product Portfolio

6.4 OIL-63

6.4.1 Overview

6.4.2 Company Snapshot

6.4.3 Product Portfolio

6.5 LLC NPO Promekologiya

6.5.1 Overview

6.5.2 Company Snapshot

6.5.3 Product Portfolio

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/russia/enquiry/17322

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Russia Used Cooking Oil.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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