Press release
Used Cooking Oil (UCO) Market is expected to Generate Huge Profits by 2023: Vendors- Baker Commodities Inc., Argent Energy, Darling Ingredients, Greenergy International Ltd, Olleco, Uptown Biodiesel Limited
Market Overview
Cooking oil is an essential item in all kitchens, which play an important role in preparation of a healthy human diet. These cooking oil once used are collected for recycling and further used in biofuel production, animal feeding, and other. Recycled cooking oil helps to reduce the clog sewage line caused due to build up fats from disposed oil. Moreover, used cooking oil is the main source for biofuel production. Rising demand for biofuel consumption is driving the market of used cooking oil. Also, nutritionist believe it to be the high energy food additive in livestock feeding. Additionally increasing awareness for animal protein is adding fuel to the growth of used cooking oil.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4516
Competitive Analysis
The major players in the used cooking oil
• Greenergy International Ltd (U.K.)
• Olleco (U.K.)
• Uptown Biodiesel Limited (U.K.)
• Proper Oils (U.K.)
• Baker Commodities Inc. (U.S.)
• Argent Energy (U.K.)
• Darling Ingredients (U.S.)
Government regulations focusing on clean energy have opened the doors for new entrants. Moreover, low capital investment in the collection of used cooking oil will drive the market for cooking oil recycling operators.
Market Forecast
Used cooking oil is refined into different types of biofuels, used for power generation and heating. Continuous rise in the biofuel demand will support the growth of cooking oil recycling during the forecast period 2017-2023. Moreover, biodiesel manufacturers are inclining towards restaurants as a source of collecting used cooking oil. This is backed up with surge in the number of restaurants and fast food joints in the market. Additionally, increasing focus on improving animal health among customers is driving the used cooking oil market. Moreover, government regulations supporting clean energy applications will boost the market of used cooking oil.
All these factors will contribute to the estimated CAGR of 3.8% of used cooking oil during the forecast period 2017-2023.
Downstream Analysis
On the basis of source, used cooking oil is segmented into food manufacturers, restaurants and caterers, household, and others. Among all, food manufacturers are dominating the global market. However, restaurants are projected to grow rapidly over the forecast period 2017-2023. Increasing number of restaurants is encouraging biofuel producers towards restaurants as a major source of used cooking oil.
Based on basis of the application, used cooking oil is segmented into biodiesel, animal feeding, oleo chemicals, and others. The biodiesel is dominating the market among all. Additionally, increased consumption of biofuel supported with the environmental awareness among consumers is driving the growth of the used cooking oil market.
Access Report Details @ https://www.marketresearchfuture.com/reports/used-cooking-oil-market-4516
Regional Analysis
Global Used Cooking Oil Market is segmented into Europe, North America, Asia Pacific, and rest of the world (RoW). Among all, Europe is projected to dominate the market followed by South America. Regulations supporting clean energy application have encouraged biodiesel production growth, which, in turn, have boosted the used cooking oil market in these regions. Moreover, high inclination of consumers towards meat consumption and awareness towards quality of products sourced from livestock have supplemented the growth of used cooking oil in European market.
Furthermore, North America is expected to grow during the forecast period 2017-2023 observing an increase in consumption of used cooking oil in the biofuel production. Additionally, Asia pacific is observing a negligible growth in the market due to lack of awareness among the population.
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), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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 (UCO) Market is expected to Generate Huge Profits by 2023: Vendors- Baker Commodities Inc., Argent Energy, Darling Ingredients, Greenergy International Ltd, Olleco, Uptown Biodiesel Limited here
News-ID: 803068 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Cooking
Health Benefits Provided by Low Calorie Cooking Oil is Expected to Increase Low …
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Low Calorie Cooking Oil Market, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at…
Household Cooking Appliances Market to Witness Growing Popularity of Cooktops & …
The importance of household cooking appliances, in recent years, has expanded globally. Manufacturers have substantially shifted their attention in taking special care to help customers purchase household cooking appliances which can allow for more space in the kitchen so that customers can add appliances without doing a big remodeling job. As such, this socio-technological revolution has transitioned the domestic ways of dealing with cooking appliances. These aforementioned snippets are according…
Household Cooking Appliances Market to Witness Growing Popularity of Cooktops & …
The importance of household cooking appliances, in recent years, has expanded globally. Manufacturers have substantially shifted their attention in taking special care to help customers purchase household cooking appliances which can allow for more space in the kitchen so that customers can add appliances without doing a big remodeling job. As such, this socio-technological revolution has transitioned the domestic ways of dealing with cooking appliances. These aforementioned snippets are according…
Commercial Cooking Equipment Market - Competition Intelligence
The Commercial Cooking Equipment Market Competition Intelligence report provide an in-depth insight pertaining to the latest strategic developments in this arena.
The business oriented cooking equipment market possess observed great uptake over the past several years, together with the element serves up great enterprises for the market participants this is why attaining increasing amount of market share. A number of companies surely have aimed at which launched more recent, revolutionary energy…
Large Cooking Appliances in South Africa
Gas large cooking appliances continued to gain traction in 2016; this trend was more prevalent in cookers in relation to ovens. Demand for gas alternatives has become increasingly appealing to South Africans, particularly due to the spiralling energy crises facing the country. Gas ovens have continued to be relatively niche however as these products tend to be more expensive compared to electric formats.
Publisher's Large Cooking Appliances in South Africa report…
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…
