Global Used Cooking Oil (UCO) Market

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


Report ID: SQMIG10C2018 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 63 | Figures: 75

Used Cooking Oil (UCO) Market Dynamics

Used Cooking Oil Market Drivers

  • Growing utilization of used cooking oil (UCO) in the biodiesel sector: The market is expanding primarily due to the rising demand for recycled UCO for the manufacturing of biodiesel. By-products from the recycling process are beneficial in the production of glycerin and soap, increasing the demand for these items. Recent improvements in garbage recycling technology have inspired people to recycle waste materials and turn them into environmentally friendly products. The used cooking oil has a huge potential for being processed into different biofuels to provide electricity. Utilizing used cooking oil to make biodiesel results in cleaner burning fuel with a smaller carbon footprint. Compared to petroleum diesel, they also generate less carbon monoxide and are more affordable.

Used Cooking Oil Market Restraints

  • Obstacles in the processing of used cooking oil (UCO): The difficulties encountered in the processing and refining of UCO limit the market expansion. High levels of undesired free fatty acids and water are regarded as contaminants that must be eliminated before transesterification, the most crucial step in the refining process. A low-quality yield of biodiesel is produced as a result of the large concentration of free fatty acids reacting with alkaline catalysts, which stifle the reaction. Due to safety concerns, the high impurity level also restricts their use in animal feed. The biodiesel produced utilizing UCO might have less engine power and less combustion, which would lower its demand globally.
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Used Cooking Oil (UCO) Market size was valued at USD 6.1 Billion in 2019 and is poised to grow from USD 6.45 Billion in 2023 to USD 10.13 Billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

Several significant market leaders, currently active in the market, are competing with each other to increase their company's footprint in the international market. These market participants are implying new techniques and tactics, In order to lead the Used Cooking Oil Market trend in the upcoming years. They are also collaborating with other businesses to form partnerships and take on innovations to advertise their products. Overall, these industry leaders are concentrating on expanding their reach by entering untapped markets. 'Brocklesby Limited ', 'Greasecycle', 'Baker Commodities Inc.', 'Proper Oils Company Ltd.', 'Darling Ingredients Inc.', 'Mahoney Environmental', 'Nidera', 'Olleco', 'Uptown Biodiesel', 'Harvest Energy', 'Auscol', 'Devon Biofuels Ltd.', 'Andgar Corporation', 'Biomotive Fuel', 'FUMPA Biofuels', 'Recyfuel', 'Bio-Source Fuels LLC', 'Universal Bioenergy Inc.', 'Renewable Energy Group Inc.', 'Daka Denmark A/S'

Growing utilization of used cooking oil (UCO) in the biodiesel sector: The market is expanding primarily due to the rising demand for recycled UCO for the manufacturing of biodiesel. By-products from the recycling process are beneficial in the production of glycerin and soap, increasing the demand for these items. Recent improvements in garbage recycling technology have inspired people to recycle waste materials and turn them into environmentally friendly products. The used cooking oil has a huge potential for being processed into different biofuels to provide electricity. Utilizing used cooking oil to make biodiesel results in cleaner burning fuel with a smaller carbon footprint. Compared to petroleum diesel, they also generate less carbon monoxide and are more affordable.

Use of Green and Sustainable Energy to address Environmental Issues: Numerous problems relating to climate change, greenhouse gas emissions, and other environmental difficulties have been brought about by the rising population, fast urbanization, and rising pollution. Governments in numerous nations, together with a few major energy and fuel firms, are enacting legislation to assist the green economy. The production of biodiesel from recycled cooking oil is a growing industry in the green energy sector. Due to its benefits to the environment, biodiesel has recently become more popular among consumers instead of petroleum-based fuel. Additionally, the rising availability of used edible oil for fuel production is influenced by consumer awareness of food waste and strict safety standards related to the used cooking oil.

Based on the region, the North American region currently dominates the 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.

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Global Used Cooking Oil (UCO) Market

Report ID: SQMIG10C2018

$5,300
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