Cooking Oil Market Size, Share, Analysis, Trends and Strategies 2024-2032 | Aris Bio Energy Pvt. Ltd. (India), Oz OIls Pty. Ltd. (Australia), ABP Food Group (Ireland)

The Europe and Asia Pacific used cooking oil market size was valued at USD 204.55 billion in 2023. The market is projected to grow from USD 218.36 billion in 2024 to USD 369.20 billion in 2032, exhibiting a CAGR of 6.79% during the forecast period.

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 Insights™ mentioned this in a report titled "Europe and Asia Pacific Used Cooking Oil Market, 2024-2032."

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cooking-oil-market-106391

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• Aris Bio Energy Pvt. Ltd. (India)
• Oz OIls Pty. Ltd. (Australia)
• ABP Food Group (Ireland)
• Lengis Hijau (Indonesia)
• Arrow Oils Ltd (U.K.)
• Brocklesby Limited (U.K.)
• Greenlife Oil Holdings (Australia)
• RMC Oil & Ecosolutions, Inc. (Netherlands)
• Medan BIO (Indonesia)
• Auscol (Australia)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐋𝐚𝐫𝐠𝐞 𝐀𝐦𝐨𝐮𝐧𝐭 𝐨𝐟 𝐔𝐂𝐎 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐅𝐨𝐨𝐝𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭
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.

𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐮𝐫𝐠𝐢𝐧𝐠 𝐔𝐬𝐞 𝐨𝐟 𝐔𝐂𝐎
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.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐬:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/cooking-oil-market-106391

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐖𝐚𝐬𝐭𝐞 𝐎𝐢𝐥 𝐏𝐫𝐨𝐩𝐞𝐥𝐬 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
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.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐄𝐮𝐫𝐨𝐩𝐞 𝐚𝐧𝐝 𝐀𝐬𝐢𝐚 𝐌𝐚𝐤𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐄𝐟𝐟𝐨𝐫𝐭𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/enquiry/cooking-oil-market-106391

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐅𝐨𝐜𝐮𝐬𝐞𝐝 𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐭 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐍𝐞𝐰 𝐏𝐥𝐚𝐜𝐞𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
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.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
• 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟐: Aris Bioenergy declared it would invest USD 30.44 million in its biodiesel plant. In the next 5-6 years, the company has planned to introduce up to 20-bio diesel plants, which will be set up near Khopoli, located in Maharashtra.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐍𝐞𝐰𝐬:
North America Vegetable Oils Market: https://www.fortunebusinessinsights.com/industry-reports/north-america-vegetable-oils-market-101012
Sunflower Oil Market: https://www.fortunebusinessinsights.com/industry-reports/sunflower-oil-market-101480
Used Cooking Oil Market: https://www.fortunebusinessinsights.com/used-cooking-oil-market-103665

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This release was published on openPR.