A recent report published by Infinium Global Research on used cooking oil market provides in-depth analysis of segments and sub-segments in the global as well as regional used cooking oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional used cooking oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global used cooking oil market. According to the report, the global used cooking oil market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
UCOs are oils and fats that have been used for cooking or frying in the food processing industry, restaurants, fast foods and at the consumer level, in households. During frying, several properties of the oil are altered, Total Polar Compounds (TPC) are formed on repeated frying. The toxicity of these compounds is associated with several diseases such as hypertension, atherosclerosis, Alzheimer’s disease, liver diseases. It is estimated that currently around 60 percent of cooking oils and fat used around the world is originated from vegetable oil.
Growing utilization of used cooking oil in animal feed in one of the major factors contributing to the growth of the market. Growing awareness regarding use of used cooking oil for animal feed supplement in developing countries boosting the growth of the market. Furthermore, increasing the use of used cooking oil for biodiesel production is also supporting the growth of the market. Additionally, UCO is being effectively used in various industries such as soap manufacturing, and emergency lamps that also supporting the growth of the market. On the other side, harmful health effects caused due to overconsumption of used cooking oil may hamper the growth of the market. However, growing possibilities for the use of UCO in various sectors and increasing research activities all over the globe will provide better growth opportunities to the market in the near future.
Based on the region, the global used cooking oil market is categorized into North America, Europe, Asia Pacific and the rest of the world. The market in North America and Europe expected to boost in the forecast period, strict regulation by European regulatory authorities to focus on biodiesel production is one of the major factors supporting the growth of the market. The market in the Asia Pacific is expected to grow with a significant rate in the forecast period, growing population and growing use of cooking oil along with it generating bigger opportunities for the used cooking oil market.
The report on global used cooking oil market covers segments such as source, and application. On the basis of source, the sub-markets include food manufacturers, restaurants and caterers, household, and other sources. On the basis of application, the sub-markets include biodiesel production, animal feeding, oleo chemicals, and other applications.
The report provides profiles of the companies in the market such as Argent Energy, Baker Commodities Inc., Biomotive Fuel Ltd., Brocklesby Ltd., Darling Ingredients Inc., Devon Biofuels ltd, Greenergy International Ltd, Harvest Energy Ltd., Lywood Consulting Ltd, Nidera B.V., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of used cooking oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.