Used Cooking Oil (UCO) Market Size, Share, Growth Analysis, By Source(Household sector, Commercial Sector), By Application(Animal Feed, Biodiesel, Oleo Chemicals, and Others), By Region - Industry Forecast 2024-2031

Based on the region, the North American region currently dominates the global used cooking oil (UCO) market with respect to market share, due to recent legal reforms that support the use of used cooking oil for sustainable fuel generation.

Followed by North America, Europe is projected to lead the global used cooking oil market over the forecast period, due to its widespread use of waste-to-energy goods. The EU is making significant efforts to expand biodiesel production throughout Europe. According to the European Commission, biodiesel will replace a large portion of diesel usage by EU27. Governments in this region are developing regulations to encourage the collection and processing of used cooking oil from cafés, restaurants, lodging facilities, catering companies, and hotels. The regional market is expanding as a result of advertising activities that raise knowledge about the recycling of used cooking oil.

Apart from this, a large CAGR is anticipated in the Asia Pacific market due to the region's growing attention to environmental protection and renewable energy sources. Growth will be aided by the rising number of businesses engaged in the region's waste cooking oil collecting, processing, and refinement. To meet their demand for raw materials for the manufacturing of biodiesel, businesses with operations in North America and Europe invest in UCO purchases from Asian nations. The development of the regional food and foodservice industries also aids the growth of the used cooking oil market.