The used cooking oil (UCO) market share is expected to increase by 2049.00 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.85%.
This used cooking oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers used cooking oil market segmentation by application (biodiesel, oleo chemicals, animal feed, and others) and geography (Europe, North America, APAC, MEA, and South America). The used cooking oil market report also offers information on several market vendors, including Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Ltd., Grand Natural Inc., GREASECYCLE, Olleco, Oz Oils Pty Ltd., Quatra, Valley Proteins Inc., and Waste Oil Recyclers among others.
What will the Used Cooking Oil Market Size be During the Forecast Period?
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Used Cooking Oil Market: Key Drivers and Challenges
The increasing demand for biofuels is notably driving the UCO market growth, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the used cooking oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Used Cooking Oil Market Driver
The demand for biofuels is increasing in response to worries concerning the exhausting stock of fuels. The demand for biofuels made up of food crops such as palm and rapeseed oil has increased in the past few years. Domestic biofuels provide a strategic opportunity to countries such as India, as they reduce the nation's dependence on imported fossil fuels. In addition, when utilized with appropriate care, biofuels can be environmentally friendly, sustainable energy sources. Thus, biofuels are expected to grow profitably during the forecast period. This is expected to be a result of the increasing demand for biofuels in all regions. Biodiesel has gained popularity with consumers as an efficient substitute for diesel over the past few years. Several rules and mandates that have been implemented in various countries are projected to influence the market's end-user trend, in the long run. These factors will fuel the demand for used cooking oil during the forecast period
Key Used Cooking Oil Market Challenge
Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for manufacturers and vendors of used cooking oil. However, this presents some serious challenges for manufacturers. Manufacturers are under significant pressure regarding the prices and margins of organic edible products, as retail stores operate at a lower profit margin. Retailers demand manufacturers make frequent and smaller product deliveries for reduced warehousing costs. Retailers also expect manufacturers to come up with innovative merchandising units such as movable shelves, which can be rolled when fully stocked, to reduce the replenishment cost of the store. Moreover, retailers want to avoid any decline in revenues by fulfilling the gaps in the inventory that arise when there is a shortage of supply from the vendors. This means that a retailer will not hesitate to go to other vendors if a particular manufacturer is not able to supply an adequate amount of goods. Channel shifts by consumers have also forced manufacturers to develop new skills in category management. Such distribution challenges may impede the growth of the used cooking oil market during the forecast period.
This used cooking oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Used Cooking Oil Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Arrow Oils Ltd
- Baker Commodities Inc.
- Brocklesby Ltd.
- Grand Natural Inc.
- GREASECYCLE
- Olleco
- Oz Oils Pty Ltd.
- Quatra
- Valley Proteins Inc.
- Waste Oil Recyclers
This statistical study of the used cooking oil market encompasses successful business strategies deployed by the key vendors. The UCO market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The used cooking oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Used Cooking Oil Market?
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46% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for used cooking oil in Europe. Market growth in this region will be faster than the growth of the market in MEA.
Increasing imports and exports in the used cooking oil market in Europe and the rising number of organized retailing outlets that offer used cooking oil will facilitate the used cooking oil market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Used Cooking Oil Market?
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The used cooking oil market share growth by the biodiesel segment will be significant during the forecast period. Biodiesel production from used cooking oil is environmentally friendly for it recycles used cooking oil and gives renewable energy with lower pollution. It substitutes some amount of petrochemical oil import and lowers the cost of waste management. With the growing demand for biodiesel due to environmental concerns, the segment will have a positive impact during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the UCO market size and actionable market insights on post COVID-19 impact on each segment.
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Used Cooking Oil Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.85% |
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Market growth 2022-2026 |
2049.00 thousand tons |
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Market structure |
Fragmented |
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YoY growth (%) |
6.21 |
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Regional analysis |
Europe, North America, APAC, MEA, and South America |
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Performing market contribution |
Europe at 46% |
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Key consumer countries |
Germany, US, France, China, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Arrow Oils Ltd, Baker Commodities Inc., Brocklesby Ltd., Grand Natural Inc., GREASECYCLE, Olleco, Oz Oils Pty Ltd., Quatra, Valley Proteins Inc., and Waste Oil Recyclers |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Used Cooking Oil Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive used cooking oil market growth during the next five years
- Precise estimation of the used cooking oil market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the UCO industry across Europe, North America, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of UCO market vendors
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