What is Used Cooking Oil?
Used cooking oils (UCO) refers to purified fats of animal or plant origin. It is liquid at room temperature. The used cooking oil market has high growth prospects owing to increasing government initiative towards biofuel development owing to increasing global warming, carbon emission from conventional fuels. Further, an increasing number of restaurants and fast-food chains supplementing the growth of used cooking oil market. Emphasizing on use of UCO in food, animal feed, and biodiesel industry expected to drive the market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Baker Commodities Inc. (United States), Argent Energy (United Kingdom), Darling Ingredients (United States), Greenergy International Ltd (United Kingdom), Olleco (United Kingdom), Uptown Biodiesel Limited (United Kingdom), Proper Oils (United Kingdom), Biomotive Fuel Ltd. (United Kingdom), Brocklesby Ltd. (United Kingdom), Devon Biofuels (United Kingdom), Harvest Energy Solutions (United States) and DAR PRO Solutions (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Vegetable Oil, Animal Oil, Processed Oil and Others) , by application (Biodiesel, Cooking Oil, Oleo-chemicals and Others) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Used Cooking Oil market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Used Cooking Oil market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Baker Commodities Inc. (United States), Argent Energy (United Kingdom), Darling Ingredients (United States), Greenergy International Ltd (United Kingdom), Olleco (United Kingdom), Uptown Biodiesel Limited (United Kingdom), Proper Oils (United Kingdom), Biomotive Fuel Ltd. (United Kingdom), Brocklesby Ltd. (United Kingdom), Devon Biofuels (United Kingdom), Harvest Energy Solutions (United States) and DAR PRO Solutions (United States).
The used cooking oil market is fragmented owing to a number of players present in the market. Market leaders are focusing on technological development for new techniques to manage the collection process of UCO.
Influencing Trend:
Emphasizing On Usage of UCO from Restaurants for Power Generation and Increasing Adoption of UCO As Additive for Animal Feed
Market Growth Drivers:
Government Initiatives towards Clean Energy Applications, Increasing Number of Restaurants and Fast Food Chains and Biofuel Derived From Used Cooking Oil Reduces Carbon Footprints.
Challenges:
Difficulty in collecting a large quantity of cooking oil used in household and Reducing the adverse effect on health owing to excessive consumption of UCO
Restraints:
Expensive and Time-Consuming Collection Procedure Associated With UCO, Inefficient Supply Chain Management and Fluctuating Raw Material Prices
Opportunities:
Increasing Demand for BioFuel to Cater to Environment Issues Such As Global Warming, Carbon Emission and Others and Rising Demand from Developing Countries Such As India, China, and Others
Key highlights of the Global Used Cooking Oil market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Used Cooking Oil market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Used Cooking Oil market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Used Cooking Oil Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Used Cooking Oil market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Used Cooking Oil market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment>.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.