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Used Cooking Oil Market Size

Report ID: GMI11906
Published Date: Oct 2024
Report Format: PDF

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Used Cooking Oil Market Size

The global used cooking oil market size was valued at USD 6.6 billion in 2023 and is estimated to grow at a CAGR of over 5.7% from 2024 to 2032, driven by its increasing applications in biodiesel production, animal feed, cosmetics, and industrial uses. As the demand for sustainable and eco-friendly energy sources rises, biodiesel production from used cooking oil has emerged as a major application, promoting recycling and reducing waste.

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Additionally, the food industry utilizes used cooking oil in animal feed, contributing to the circular economy. The cosmetics and personal care sectors also increasingly incorporate used cooking oil for its beneficial properties. Moreover, growing awareness of environmental sustainability and government regulations encouraging waste oil recycling further propels market growth.

Used Cooking Oil Market Report Attributes
Report Attribute	Details
Base Year:	2023
Used Cooking Oil Market Size in 2023:	USD 6.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.7%
2032 Value Projection:	USD 10.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Sources, Type of Processing, Application
Growth Drivers:	Increasing demand for biodiesel production Growing awareness of sustainability and waste reduction Rising prices of fresh vegetable oils Supportive government regulations and incentives for renewable energy
Pitfalls & Challenges:	Variability in quality and composition of used cooking oil Regulatory challenges and compliance issues

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For instance, used cooking oil serves as a cost-effective alternative to fresh vegetable oil, being 2 to 3 times cheaper. This significant price advantage not only lowers overall processing costs but also enhances the economic viability of biodiesel production. By utilizing it, biodiesel manufacturers can reduce feedstock expenses, making it an attractive option for sustainable fuel production. As a result, the growing trend towards renewable energy sources further boosts the demand for used cooking oil in the biodiesel market, supporting both environmental sustainability and cost efficiency.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of used cooking oil reached USD 6.6 billion in 2023 and is set to grow at a 5.7% CAGR from 2024 to 2032, driven by its increasing applications in biodiesel production, animal feed, cosmetics, and industrial uses.

The household cooking oil segment was valued at USD 2.7 billion in 2023 and is anticipated to expand at a 5.9% CAGR during 2024-2032, led by extensive consumption in residential kitchens.

The unrefined used cooking oil segment size dominated around USD 3.7 billion in 2023 and is projected to witness 5.9% CAGR through 2032, due to its cost-effectiveness and versatile applications.

The China market accounted for USD 2.2 billion in 2023 and is poised to expand at a 5.7% CAGR till 2032, propelled by its vast population, large-scale foodservice industry, and growing environmental awareness.

Major players operating in the industry include ABP Food Group, Arrow Oils, Baker Commodities, Brocklesby, Darling Ingredients, Grand Natural, Greasecycle, MBP Solutions, Munzer, Oz Oils Pty, and Uranus Oil.