Saudi Arabia Used Cooking Oil Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

The country research report on Saudi Arabia used cooking oil market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the used cooking oil market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the used cooking oil market in Saudi Arabia. 

Market Insight

In the Kingdom of Saudi Arabia (KSA) the rapid growth in population, urbanization, and industrial activity has resulted in significant demands of energy along with the generation of municipal and industrial waste. Every year, more than 15 million tons of municipal solid waste (MSW) is generated in KSA, which after partial recycling end up in the dumpsites or landfills without energy recovery. This results in a significant environmental and economic loss which is added to the country’s economy and the public by having no waste to energy (WTE) or efficient recycling schemes. A significant fraction of the KSA’s MSW is consists of waste cooking oil from households and restaurants. Every year around 15 million tons of MSW is generated with food waste being the most abundant waste stream, which is more than 50% of the total collected MSW in the country. It is estimated that around 13% of the total collected food waste further consists of fats contents in the form of edible fats and WCO. Therefore, WCO can be a promising source of biodiesel production for generating renewable energy or used as a transport fuel besides solving the local waste disposal issues. 

Saudi Arabia used cooking oil market size is expected to reach USD 17.35 million in 2030, with a CAGR of 4.03% during the forecast period 2023-2030. The used cooking oil can be used as feedstock for biodiesel production. Several researchers have found that used cooking oil is a more promising feedstock compared to other natural oils. The cost of obtaining used cooking oil is about 2.5 to 3.5 times lower than using edible vegetable oils. Moreover, biodiesel produced from used cooking oil decreases the environmental overburden created from the disposal of used cooking oil. According to the study published in the journal Renewable and Sustainable Energy Reviews, a large part of Saudi Arabia’s municipal solid waste consists of used cooking oil from households and restaurants. More than 50% of the total collected municipal solid waste in the country is generated with food waste. Furthermore, an estimated 13% of the total collected food waste consists of fats contents in the form of edible fats and used cooking oil. In addition, many biofuel companies are setting up their production plants in Saudi Arabia. This, in turn, is expected to boost the demand for used cooking oil for biodiesel. Furthermore, increasing the use of used cooking oil in animal feed is likely to support the market growth. According to the Food and Agriculture Organization data, Saudi Arabia had more than 567,000 live cattle in 2019. Furthermore, around 3 million rams are slaughtered in Saudi Arabia during the Islamic holiday of Eid Al Adha. As per the Food and Agriculture Organization data, Saudi Arabia had more than 9.4 million live sheep in 2019. Such a higher number of animals require feed for their proper growth and higher yield. This, in turn, drives the demand for used cooking oil for animal feed in Saudi Arabia. However, a lack of awareness regarding the applications of used cooking oil is expected to hamper the market growth. Moreover, growing research on used cooking oil and its applications is anticipated to boost the market growth over the forecast period. 

Saudi Arabia was severely affected by the spread of the COVID-19 pandemic. During this period, the government imposed strict lockdown across the countries. Civilians were ordered to stay home and avoid going to public places. Along with many other industries, the used cooking oil market in Saudi Arabia was also seriously affected by the COVID-19 pandemic. The lockdown orders imposed by the government affected several business functions of the industry. Functions such as collecting and processing the used cooking oils were majorly affected by the pandemic. Due to government restrictions, companies were not able to send vehicles to collect used cooking oil.

Segments Covered

The report on Saudi Arabia used cooking oil market provides a detailed analysis of segments in the market based on source, and application. 

Segmentation Based on Source

·        Food Manufacturers

·        Restaurants and Caterers

·        Household

·        Other Source 

Segmentation Based on Application

·       Biodiesel Production

·        Animal Feeding

·        Oleo Chemicals

·        Other Application 

Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the used cooking oil market

 2) Factor affecting the used cooking oil market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in the used cooking oil market and their competitive position in Saudi Arabia

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Saudi Arabia) used the cooking oil market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 The report answers questions such as:

 1) What is the market size of the used cooking oil market in Saudi Arabia?

 2) What are the factors that affect the growth in the used cooking oil market over the forecast period?

 3) What is the competitive position in Saudi Arabia used cooking oil market?

 4) What are the opportunities in Saudi Arabia used cooking oil market?

 5) What are the modes of entering Saudi Arabia used cooking oil market?