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A03161 | Pages: 298 | Charts: 55 | Tables: 121 |
Market Introduction and Definition
The global used cooking oil market was valued at $6.4 billion in 2023, and is projected to reach $11.8 billion by 2034, growing at a CAGR of 5.8% from 2024 to 2034. Used cooking oil, also known as waste cooking oil, is obtained owing to the repeated usage of vegetable oils for food in restaurants, hotels, and food industries as well as household sectors. The used cooking oil can be obtained from a range of vegetable oils including sunflower, palm, rape, soya, and others, and is usually available in huge volume in mixed composition. Used cooking oil is a substitute for vegetable oil in the production of biodiesel, oleo chemicals, and animal feed. It is considered a waste material and does not compete in the market. Thus, it has low cost as compared to vegetable oil and is easily available in bulk quantities. This drives the growth of the used cooking oil market.
Key Takeaways
The used cooking oil market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Key Market Segments
Key Market Players