Product Code: MRFR/F-B & N/3099-CR
Market Overview
Used Cooking Oil Market is anticipated to exhibit a CAGR of 6.30% during the forecast period.
As the used cooking oil is considered waste, the constant developments made by the makers and worldwide enterprises have surged application in different areas mostly including, biofuels, and creature feed. Nowadays, shoppers have become more mindful and are searching for eco-friendly products for their standard applications. The rising ecological concern, rising costs for oil-based commodities, and flooding well-being concerns associated with the adverse consequence of consuming petroleum and diesel in vehicles have tended the shoppers towards the adoption of biofuels. Cooking oil is being used to produce biofuels and is a cleaner-consuming substitute for oil-based goods with nothing or immaterial effects. The use of cooking oil-based biofuels decreases the emanation of carbon by around 85% per gallon, which thus supports the demand to produce biofuels. In addition, the used cooking oil is likewise being used to produce creature feed products, as it is enriched with calories and other well-being-helpful supplements.
The used cooking oil is used to produce different animal feed products for poultry, dog food, feline food, and different products, which is further expanding the demand. Aside from that, the used cooking oil has additionally found applications in beauty care products, and the individual consideration industry to produce cleansers, and other individual consideration, beauty care products, and toiletries. Used cooking oil is used as base and is blended with burning soda drops, and water to plan cleansers. Additionally, the used cooking oils are likewise used to make light oil, paints, and other associated products that thusly reinforce the development and are probably going to develop over the coming years.
Market Segmentation
Based on the source the Used Cooking Oil Market is classified into food manufacturers, HoReCa, households, and others.
In terms of application, the market is divided into biodiesel, oleochemical products, animal feed, and others.
Regional Insights
Europe Used Cooking Oil market is expected to show a 6.33 % CAGR during the review period. Europe region contains Germany, France, Italy, Spain, the UK, and the other European nations.
The North American Used Cooking Oil market represents the second-biggest market share in 2022. The region has been zeroing in on different environment relief techniques to support global warming at 1.5 degrees Celsius and underneath. The transportation area alone records for a portion of 33% of the all-out fossil fuel byproducts in the US and subduing the emanations from the area would bring about the greater part of the complete contamination by 2030.
The Asia-Pacific Used Cooking Oil Market is expected to develop at a CAGR of 7.49% by the end of 2030. China is one of the leading producers of used cooking oil in the age and produces tremendous amounts of biodiesel that are manufactured utilizing the used cooking oil.
Major Players
Key Companies in the Used Cooking Oil market include Veolia, Darling Ingredients Inc., Olleco, Baker Commodities Inc., Grand Natural Inc., Argent Energy, Arrow Oils Ltd, Waste Oil Recyclers, Inc., and Greasecycle.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 19
- 1.1.1 GLOBAL USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE 20
- 1.1.2 GLOBAL USED COOKING OIL MARKET DEMAND, BY APPLICATION 21
2 MARKET INTRODUCTION 22
- 2.1 DEFINITION 22
- 2.2 SCOPE OF THE STUDY 22
- 2.3 RESEARCH OBJECTIVE 22
- 2.4 MARKET STRUCTURE 23
- 2.5 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
- 3.1 RESEARCH PROCESS 24
- 3.2 PRIMARY RESEARCH 25
- 3.3 SECONDARY RESEARCH 26
- 3.4 MARKET SIZE ESTIMATION 27
- 3.5 FORECAST MODEL 28
- 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET DYNAMICS 30
- 4.1 INTRODUCTION 30
- 4.2 DRIVERS 30
- 4.2.1 SURGING INDUSTRIAL APPLICATIONS OF USED COOKING OIL SKYROCKETING THE DEMAND 30
- 4.2.2 THE "BEST FROM THE WASTE" TREND ALONG WITH FOCUS ON RENEWABLE SOURCES SPURRING THE GROWTH 32
- 4.2.3 DRIVER IMPACT ANALYSIS 33
- 4.3 RESTRAINTS 33
- 4.3.1 NEGATIVE IMPACTS ASSOCIATED WITH USED COOKING OIL 33
- 4.3.2 RESTRAINT IMPACT ANALYSIS 34
- 4.4 OPPORTUNITIES 34
- 4.4.1 SURGING R&D ALONG WITH THE GOVERNMENT'S INITIATIVES FLOURISHING THE GROWTH PROSPECTS FOR USED COOKING OIL 34
- 4.4.2 COSMETICS & PERSONAL CARE INDUSTRY: PAVING THE WAY 35
- 4.5 CHALLENGES 35
- 4.5.1 RISING HEALTH & ENVIRONMENTAL CONCERN AMONG THE POPULATION 35
5 MARKET FACTOR ANALYSIS 36
- 5.1 VALUE CHAIN ANALYSIS 36
- 5.1.1 SOURCING 37
- 5.1.2 PROCESSING METHODS 38
- 5.1.3 PACKAGING 38
- 5.2 SUPPLY CHAIN ANALYSIS 38
- 5.2.1 SOURCING 39
- 5.2.2 PROCESSING 39
- 5.2.3 DISTRIBUTION 39
- 5.3 PORTER'S FIVE FORCES MODEL 40
- 5.3.1 THREAT OF NEW ENTRANTS 40
- 5.3.2 BARGAINING POWER OF SUPPLIERS 41
- 5.3.3 THREAT OF SUBSTITUTES 41
- 5.3.4 BARGAINING POWER OF BUYERS 41
- 5.3.5 INTENSITY OF RIVALRY 41
- 5.4 COVID-19 IMPACT ANALYSIS 42
- 5.4.1 IMPACT ON PRODUCTION 42
- 5.4.2 IMPACT ON SUPPLY CHAIN 42
- 5.4.3 IMPACT ON PRICING 42
- 5.5 MARKET ENTRY BARRIERS AND OPPORTUNITIES FOR NEW PLAYERS 43
- 5.5.1 LEGAL BARRIERS 43
- 5.5.2 TECHNOLOGY BARRIERS 43
- 5.5.3 ECONOMIES OF SCALE & ACCESS TO RESOURCES 43
- 5.5.4 INTRODUCTION OF LOTTERY PROGRAM 43
- 5.5.5 INCORPORATION OF TRADE NAMES 43
- 5.5.6 PURCHASE OF COLLECTOR 44
- 5.6 TRENDS ASSOCIATED WITH USED COOKING OIL 44
- 5.7 REGULATORY AND LEGAL FACTORS IMPACTING THE MARKET 44
- 5.8 COUNTRY ECONOMIC INDICATORS (GDP, INFLATION, POPULATION, ETC… 45
- 5.9 PAIN-POINTS FROM CURRENT COLLECTORS 46
- 5.10 PRICING ANALYSIS, 2020-2030 (USD/KG) 47
- 5.10.1 PRICING ANALYSIS OF BUYING USED COOKING OIL FROM DIFFERENT OUTLETS GLOBALLY, 2020-2030 (USD/KG) 47
- 5.10.2 REGIONAL PRICING ANALYSIS, 2020-2030 (USD/KG) 47
- 5.11 FRACTIONED COOKING OIL - MRFR ANALYSIS 48
- 5.11.1 MARKET OVERVIEW 48
- 5.11.2 UCO TO FCO CONVERSION PROCESS OVERVIEW AND RECOVERY (%), BY REGION, 2022 48
- 5.11.3 RECOVERY (%) OVERVIEW 49
- 5.12 RECOVERY % FOR B2C AND B2B FOR CONSUMED OIL 50
- 5.13 IMPORT & EXPORT OF USED COOKING OIL BY KEY COUNTRIES 51
- 5.13.1 IMPORT VOLUME OF 2020, 2021, & 2022 (HS CODE: 151800) 51
- 5.13.2 IMPORT VALUE OF 2020, 2021, & 2022 52
- 5.13.3 EXPORT VOLUME OF 2020, 2021, & 2022 53
- 5.13.4 EXPORT VALUE OF 2020, 2021, & 2022 54
- 5.14 GLOBAL USED COOKING OIL COLLECTION NETWORK REQUIREMENTS 55
- 5.15 FACTORS AFFECTING THE PRICING 55
- 5.16 CUSTOMER CONTRACTS 56
- 5.16.1 NUMBER OF OUTLETS 56
6 GLOBAL USED COOKING OIL MARKET, BY SOURCE (SUPPLY POTENTIAL) 57
- 6.1 OVERVIEW 57
- 6.1.1 GLOBAL USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2020-2030 58
- 6.2 FOOD MANUFACTURERS 59
- 6.2.1 FOOD MANUFACTURERS: SUPPLY POTENTIAL, BY REGION, 2020-2030 59
- 6.3 HORECA 60
- 6.3.1 HORECA: SUPPLY POTENTIAL, BY REGION, 2020-2030 60
- 6.4 HOUSEHOLD 61
- 6.4.1 HOUSEHOLD: SUPPLY POTENTIAL, BY REGION, 2020-2030 61
- 6.4.2 HOUSEHOLD: SUPPLY POTENTIAL, BY REGION, 2020-2030 61
- 6.5 OTHERS 62
- 6.5.1 OTHERS: SUPPLY POTENTIAL, BY REGION, 2020-2030 62
- 6.6 SUPPLY POTENTIAL - USED COOKING OIL MARKET 63
- 6.6.1 SUPPLY POTENTIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 (USD MILLION) 63
- 6.6.2 SUPPLY POTENTIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 (KILO TONS) 63
7 GLOBAL USED COOKING OIL MARKET, BY APPLICATION (DEMAND) 64
- 7.1 OVERVIEW 64
- 7.1.1 GLOBAL USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 65
- 7.2 BIODIESEL 65
- 7.2.1 BIODIESEL: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 66
- 7.2.2 BIODIESEL: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 66
- 7.3 OLEOCHEMICAL PRODUCTS 66
- 7.3.1 OLEOCHEMICAL PRODUCTS: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 67
- 7.4 ANIMAL FEED 67
- 7.4.1 ANIMAL FEED: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 68
- 7.4.2 ANIMAL FEED: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 68
- 7.5 OTHERS 68
- 7.5.1 OTHERS: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 68
- 7.5.2 OTHERS: MARKET DEMAND ESTIMATES & FORECAST, BY REGION, 2020-2030 69
8 GLOBAL USED COOKING OIL MARKET, BY REGION 70
- 8.1 OVERVIEW 70
- 8.1.1 GLOBAL USED COOKING OIL MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 71
- 8.2 NORTH AMERICA 72
- 8.2.1 NORTH AMERICA USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY COUNTRY, 2020-2030 72
- 8.2.2 NORTH AMERICA USED COOKING OIL SUPPLY POTENTIAL BY COUNTRY, 2020-2030 73
- 8.2.3 NORTH AMERICA USED COOKING OIL MARKET ESTIMATES & FORECAST, BY SOURCE, 2020-2030 74
- 8.2.4 NORTH AMERICA USED COOKING OIL MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 74
- 8.2.5 US 75
- 8.2.6 CANADA 76
- 8.2.7 MEXICO 78
- 8.3 EUROPE 80
- 8.3.1 EUROPE USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY COUNTRY, 2020-2030 81
- 8.3.2 EUROPE USED COOKING OIL SUPPLY POTENTIAL BY COUNTRY, 2020-2030 82
- 8.3.3 EUROPE USED COOKING OIL MARKET ESTIMATES & FORECAST, BY SOURCE, 2020-2030 83
- 8.3.4 EUROPE USED COOKING OIL MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 83
- 8.3.5 GERMANY 84
- 8.3.6 FRANCE 85
- 8.3.7 ITALY 87
- 8.3.8 SPAIN 88
- 8.3.9 UK 89
- 8.3.10 REST OF EUROPE 91
- 8.4 ASIA-PACIFIC 93
- 8.4.1 ASIA-PACIFIC USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY COUNTRY, 2020-2030 94
- 8.4.2 ASIA PACIFIC USED COOKING OIL SUPPLY POTENTIAL BY COUNTRY, 2020-2030 94
- 8.4.3 ASIA-PACIFIC USED COOKING OIL MARKET ESTIMATES & FORECAST, BY SOURCE, 2020-2030 95
- 8.4.4 ASIA-PACIFIC USED COOKING OIL MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 96
- 8.4.5 JAPAN 96
- 8.4.6 CHINA 98
- 8.4.7 INDIA 99
- 8.4.8 AUSTRALIA & NEW ZEALAND 100
- 8.4.9 REST OF ASIA-PACIFIC 101
- 8.5 REST OF THE WORLD 103
- 8.5.1 REST OF THE WORLD USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY COUNTRY, 2020-2030 103
- 8.5.2 REST OF THE WORLD USED COOKING OIL SUPPLY POTENTIAL BY COUNTRY, 2020-2030 104
- 8.5.3 REST OF THE WORLD USED COOKING OIL MARKET ESTIMATES & FORECAST, BY SOURCE, 2020-2030 105
- 8.5.4 REST OF THE WORLD USED COOKING OIL MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 105
- 8.5.5 SOUTH AMERICA 106
- 8.5.6 MIDDLE EAST 107
- 8.5.7 AFRICA 108
9 COMPETITIVE LANDSCAPE 110
- 9.1 INTRODUCTION 110
- 9.2 MARKET STRATEGY ANALYSIS 110
- 9.3 MARKET SHARE OF THE USED COOKING OIL PLAYERS 110
- 9.4 COMPETITIVE BENCHMARKING 111
- 9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 112
- 9.5.1 COLLABORATION 112
- 9.5.2 MERGER & ACQUISITION 112
- 9.5.3 EXPANSION 112
- 9.5.4 JOINT VENTURE 113
10 COMPANY PROFILES 114
- 10.1 DARLING INGREDIENTS INC. 114
- 10.1.1 COMPANY OVERVIEW 114
- 10.1.2 FINANCIAL OVERVIEW 115
- 10.1.3 PRODUCTS OFFERED 115
- 10.1.4 KEY DEVELOPMENTS 116
- 10.1.5 SWOT ANALYSIS 116
- 10.1.6 KEY STRATEGIES 116
- 10.2 VEOLIA 117
- 10.2.1 COMPANY OVERVIEW 117
- 10.2.2 FINANCIAL OVERVIEW 118
- 10.2.3 PRODUCTS OFFERED 118
- 10.2.4 KEY DEVELOPMENTS 119
- 10.2.5 SWOT ANALYSIS 119
- 10.2.6 KEY STRATEGIES 119
- 10.3 OLLECO 120
- 10.3.1 COMPANY OVERVIEW 120
- 10.3.2 FINANCIAL OVERVIEW 120
- 10.3.3 PRODUCTS OFFERED 120
- 10.3.4 KEY DEVELOPMENTS 121
- 10.3.5 SWOT ANALYSIS 122
- 10.3.6 KEY STRATEGIES 122
- 10.4 BAKER COMMODITIES INC. 123
- 10.4.1 COMPANY OVERVIEW 123
- 10.4.2 FINANCIAL OVERVIEW 123
- 10.4.3 PRODUCTS OFFERED 123
- 10.4.4 KEY DEVELOPMENTS 123
- 10.4.5 SWOT ANALYSIS 124
- 10.4.6 KEY STRATEGIES 124
- 10.5 ARROW OILS LTD. 125
- 10.5.1 COMPANY OVERVIEW 125
- 10.5.2 FINANCIAL OVERVIEW 125
- 10.5.3 PRODUCTS OFFERED 125
- 10.5.4 KEY DEVELOPMENTS 125
- 10.5.5 SWOT ANALYSIS 126
- 10.5.6 KEY STRATEGIES 126
- 10.6 ARGENT ENERGY 127
- 10.6.1 COMPANY OVERVIEW 127
- 10.6.2 FINANCIAL OVERVIEW 127
- 10.6.3 PRODUCTS OFFERED 127
- 10.6.4 KEY DEVELOPMENTS 127
- 10.6.5 KEY STRATEGIES 127
- 10.7 WASTE OIL RECYCLERS, INC. 128
- 10.7.1 COMPANY OVERVIEW 128
- 10.7.2 FINANCIAL OVERVIEW 128
- 10.7.3 PRODUCTS OFFERED 128
- 10.7.4 KEY DEVELOPMENTS 128
- 10.7.5 KEY STRATEGIES 128
- 10.8 GRAND NATURAL INC. 129
- 10.8.1 COMPANY OVERVIEW 129
- 10.8.2 FINANCIAL OVERVIEW 129
- 10.8.3 PRODUCTS OFFERED 129
- 10.8.4 KEY DEVELOPMENTS 129
- 10.8.5 KEY STRATEGIES 129
- 10.9 GREASECYCLE 130
- 10.9.1 COMPANY OVERVIEW 130
- 10.9.2 FINANCIAL OVERVIEW 130
- 10.9.3 PRODUCTS OFFERED 130
- 10.9.4 KEY DEVELOPMENTS 130
- 10.9.5 KEY STRATEGIES 130
- 10.10 BROCKLESBY LIMITED 131
- 10.10.1 COMPANY OVERVIEW 131
- 10.10.2 FINANCIAL OVERVIEW 131
- 10.10.3 PRODUCTS OFFERED 131
- 10.10.4 KEY DEVELOPMENTS 131
- 10.10.5 KEY STRATEGIES 131
11 APPENDIX 132
- 11.1 REFERENCES 132
- 11.2 RELATED REPORTS 133