Press release
Used Cooking Oil Market Size, Share, Growth, Future Trends, 2032
Used Cooking Oil Market
The global used cooking oil market size was USD 7.09 billion in 2023 and is projected to grow from USD 7.54 billion in 2024 to USD 13.96 billion by 2032 at a CAGR of 8.00% during the forecast period (2024-2032).
UCOs are fats and oils reused after processing for cooking or frying in food processing restaurants, industry, fast foods, and at the consumer level, in households. The impurity content, such as water and Free Fatty Acid (FFA), should be removed before the transesterification process. Hence, the oil can be reused in several applications, such as industrial usage, animal feed, and others.
Fortune Business Insightsโข mentioned this in a report titled "Europe and Asia Pacific Used Cooking Oil Market, 2024-2032."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ : https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/used-cooking-oil-market-103665
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Aris Bio Energy Pvt. Ltd. (India)
โข Oz OIls Pty. Ltd. (Australia)
โข ABP Food Group (Ireland)
โข Lengis Hijau (Indonesia)
โข Arrow Oils Ltd (U.K.)
โข Brocklesby Limited (U.K.)
โข Greenlife Oil Holdings (Australia)
โข RMC Oil & Ecosolutions, Inc. (Netherlands)
โข Medan BIO (Indonesia)
โข Auscol (Australia)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐๐ซ๐ ๐ ๐๐ฆ๐จ๐ฎ๐ง๐ญ ๐จ๐ ๐๐๐ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐๐ง๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐ ๐จ๐จ๐๐ฌ๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ
On the basis of source, the market is diverged into household and food service.
Among the two segments, the foodservice segment is anticipated to dominate the market share due to the huge waste oil generation hence, leading to a significant collection of the UCO from the operators of food service. The household sector is the main source for collecting used cooking oil.
๐๐ง๐ข๐ฆ๐๐ฅ ๐ ๐๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐ฌ๐ ๐จ๐ ๐๐๐
Based on application, the market is segmented into animal feed, industrial usage, and others. Among the other segments, the animal feed segment dominated the market share owing to the effective use of UCO as it is a good source of fatty acids, and an essential source of energy.
The industrial usage application segment is anticipated to foster the market during the projected period due to the industrial use of used cooking oil in various industries such as pharmaceuticals, cosmetics, and chemicals. Europe and Asia Pacific used cooking oil market share is estimated to grow during the projected period.
Geographically, the market is divided across Europe and the Asia Pacific region.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/used-cooking-oil-market-103665
The report offers:
โข Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โข Comprehensive insights into regional developments.
โข List of major industry players.
โข Key strategies adopted by the market players.
โข Recent industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ข๐ฌ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ ๐๐ญ๐ข๐ฏ๐ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐ฌ๐ญ๐ ๐๐ข๐ฅ ๐๐ซ๐จ๐ฉ๐๐ฅ๐ฌ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Due to the increase in awareness among people regarding increasing greenhouse gases, pollution, and global warming, the market is expected to boost market development. When the oil is directly thrown into the drainage system, the UCO affects water bodies, clogs the sewer system, and generates a heavy load on ETPs. The adoption of the recycling process has increased as it benefits the environment, such as reducing the carbon footprint of companies and the amount of landfill space, eliminating the excess release of carbon dioxide from UCO, and limiting greenhouse gas emissions.
High impurities content causes major issues to restrict Europe and Asia Pacific used cooking oil market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ง๐ ๐๐ฌ๐ข๐ ๐๐๐ค๐ข๐ง๐ ๐๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐๐๐จ๐ซ๐ญ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
In Europe, to increase the use of renewable energy products, the Europe Union is making substantial efforts. Governments have introduced policies to develop disposing and collection of cooking oil waste from catering companies, cafes, hotels, and restaurants.
Asia Pacific is predicted to grow at the fastest growing pace in the used cooking oil market throughout the projected period. As the population in Asia consumes approximately 60% of the world's palm oil, due to which the market is anticipated to grow.
๐๐ฌ๐ค ๐ ๐จ๐ซ ๐๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/used-cooking-oil-market-103665
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ ๐ ๐จ๐๐ฎ๐ฌ๐๐ ๐จ๐ง ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ญ ๐๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐ฐ ๐๐ฅ๐๐๐๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Prominent players in the market include Arrow Oils Ltd., Greenlife Oil Holdings, Valley Proteins Inc., Aris Bio Energy Pvt. Ltd., Baker Commodities, and Proper Oils, which are mostly focused on processing the product in the proper manner of rearrangement of product to create bioproducts such as bio candle, biodiesel, and others. The used cooking oil industry comprises local and international players, and local players are exceeding the number of international players.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
๐๐ฎ๐ง๐ ๐๐๐๐ - ORLEN Unipetrol partnered with Czech Technical University in Prague and the Czech University of Life Sciences to launch a pilot project for cooking oil collection. The initiative aims to examine the recycling options of the product and its effective conversion into biofuel and petrochemicals.
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