Used Cooking Oil Market by Source (Food Manufacturers, Household, Restaurants & Caterers), Process (UCO Collection, UCO Recycling), Application - Global Forecast 2024-2030

Used Cooking Oil Market by Source (Food Manufacturers, Household, Restaurants & Caterers), Process (UCO Collection, UCO Recycling), Application - Global Forecast 2024-2030

The Used Cooking Oil Market size was estimated at USD 2.28 billion in 2023 and expected to reach USD 2.42 billion in 2024, at a CAGR 6.37% to reach USD 3.51 billion by 2030.

The used cooking oil (UCO) market plays a pivotal role in the sustainability sphere by recycling vegetable oils and animal fats from the food industry, thus transforming waste into valuable bio-based products like biodiesel and bio-lubricants. This market, which spans the gamut from collection and filtration to the conversion into renewable resources, is driven by factors such as the rising demand for biodiesel fueled by global environmental policies, advancements in processing technologies, and increasing adoption of sustainable practices among food service providers. Noteworthy growth opportunities are on the horizon, including geographical expansion, the development of cutting-edge biorefinery technologies, and forging strategic partnerships to enhance supply chain efficiency. However, the sector also grapples with challenges including inconsistent UCO supply, contamination issues, competition from virgin oils, and regulatory variances. To navigate these hurdles and seize growth opportunities, a focus on innovation in processing technologies, exploration of new uses for UCO, improving collection mechanisms, and policy advocacy is essential for advancing the bio-economy and promoting circular economic models.

Regional Insights

The Asia Pacific region, particularly China, Japan, and India, is seeing a significant rise in the demand for used cooking oil (UCO) for biodiesel production, owing to escalating environmental concerns and the push for renewable energy sources. Research initiatives and investments in sustainable energy alternatives are prominent, with several patents filed focusing on efficient UCO conversion technologies in major countries China, India, Japan. In the Americas, the United States and Canada are pivotal in the UCO market dynamics. The U.S. leads with well-established UCO collection and processing infrastructure, driven by the need for cleaner fuel alternatives and stringent environmental regulations. Customer awareness regarding the benefits of UCO recycling is high, influencing purchasing behaviors towards sustainable products. Recent patents in the U.S. focus on advanced biofuel technologies, showcasing significant research and development investments. Initiatives aiming at educating consumers and restaurants about the importance of UCO recycling have been impactful in altering purchasing behaviors and enhancing collection rates. The EU countries have been frontrunners in adopting stringent environmental policies, which have dramatically influenced the UCO market. High consumer awareness levels and participation in UCO recycling schemes are evident. The EU's Renewable Energy Directive (RED) incentivizes the UCO-to-biodiesel industry, leading to substantial investments and research into optimization and scaling of conversion technologies. In the Middle East, the growing emphasis on diversifying energy sources has sparked interest in UCO for biodiesel production, albeit at an early stage. Initiatives to collect UCO are underway, aiming to reduce environmental impact and generate economic value from waste.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Used Cooking Oil Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing Use of Used Cooking Oil in the Production of Biodiesel, Hydrogen Gas, and Bio Lubricants
• Gradual Increase in Production of Animal Feed
• Rising Government Efforts to Reduce Oil Wastage

Market Restraints

• Certain Issues Associated with the Use of Used Cooking Oil for Biodiesel Production

Market Opportunities

• Emergence of Advanced Technologies for Producing UCO Recycling
• Collaboration Strategies Between UCO Collectors and Biodiesel Manufacturers

Market Challenges

• Rise in Theft of Used Cooking Oil

Market Segmentation Analysis

• Sources: Preference for convenient recycling solutions such as local collection schemes or drop-off points for food manufacturers
• Application: Animal feeding stems from the cost-effectiveness and nutritional benefits of used cooking oil

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Used Cooking Oil Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Used Cooking Oil Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Darling Ingredients Inc. Completes Acquisition of Polish Rendering Company Miropasz Group

Darling Ingredients Inc. acquired the Polish rendering company, Miropasz Group with a transaction worth approximately Euro 110 million (USD 119.86 million) subject to adjustments for closing costs. This acquisition effectively complements Darling's presence in Poland, integrating with its three existing plants in central and western regions, and aligns with the company's mission to lead in sustainability efforts worldwide.

Five Star Collaborates with BSGF to Transform Cooking Oil into Sustainable Aviation Fuel

Five Star, a leading franchise renowned for its grilled and fried chicken operated under Charoen Pokphand Foods Public Company Limited (CP Foods), has partnered with BSGF Company Limited, an entity formed by the Bangchak Group, to pioneer the 'Fry and Fly' (Tod Mai Ting) project. This ambitious initiative seeks to repurpose used cooking oil from over 5,000 Five Star outlets throughout Thailand into Sustainable Aviation Fuel (SAF) by 2024. Launching initially with 139 branches in Bangkok and its surrounding areas, the collaboration emphasizes the conversion of waste into a valuable resource.

Neste’s acquisition of used cooking oil collection and aggregation business from Crimson Renewable Energy in the United States is completed

Neste acquired Crimson Renewable Energy Holdings, LLC's used cooking oil (UCO) collection and aggregation business, along with its assets on the US West Coast, in November 2022. This acquisition, which has received regulatory approval and is now finalized, encompasses the acquisition of shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing facility located in Salem, Oregon. Under the deal, Neste's commitment to meeting the escalating demand for renewable products globally.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Used Cooking Oil Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Used Cooking Oil Market, highlighting leading vendors and their innovative profiles. These include ABP Food Group, All in Sanitation Services LLC, Apeiron AgroCommodities Pte. Ltd., Argent Energy (UK) Limited, Arrow Oils Ltd., Baker Commodities, Inc., BiomotivE (HK) Limited, Blue Honey Bio-Fuels, Inc., Cosmo Energy Holdings Co., Ltd., Darling Ingredients Inc., Environmental Oils Pty Ltd., First Mile Limited, GrainCorp Limited, Grand Natural Inc., Greasecycle, Greasezilla, Greenergy International Ltd., Greenlife Oil Holdings Pty Ltd., GreenPlanet Bio-Fuels Inc., MBP Solutions Ltd., Neste Oyj, OZ Oils Pty Ltd., Smart Alternative Fuels, Inc., and Veolia Environnement S.A..

Market Segmentation & Coverage

This research report categorizes the Used Cooking Oil Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Source
• Food Manufacturers
• Household
• Restaurants & Caterers
• Process
• UCO Collection
• UCO Recycling
• Application
• Animal Feeding
• Biodiesel Production
• Oleo Chemicals
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year