Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
Used Cooking Oil (UCO) Market Research Report by
Size, Share, Trend, Global Demand and Forecast to 2023
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Copyright Š 2017 Market Research Future.
Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
1 Summary Global Used Cooking Oil (UCO) Market Information: by Source (Food Manufacturers, Restaurants, and Caterers, Households and others), Application (Biodiesel, Animal Feed, Oleo Chemicals and others) and Region - Forecast till 2023
Key Players: Some of the key players profiled in the global used cooking oil (UCO) market are Baker Commodities Inc. (U.S.), Argent Energy (U.K.), Darling Ingredients (U.S.), Greenergy International Ltd (U.K.), Olleco (U.K.), Uptown Biodiesel Limited (U.K.), and Proper Oils (U.K.)
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Copyright Š 2017 Market Research Future.
Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
2 Market Overview Used cooking oil was viewed as a waste product in the past. However, over the decades, it has become a valuable commodity, particularly in the production of biodiesel. Increased focus on renewable resources have supplemented the market growth. It has been projected that the biodiesel manufacturers have increasingly attempted to source used cooking oil from restaurants. Moreover, increasing number of restaurants and food processing industry are adding fuel to the growth of the used cooking oil market.
Additionally, it is used as an additive in animal feed, which helps farmers to grow healthy animals faster. This is backed up with consumer awareness regarding animal protein and their inclination towards meat consumption, which is boosting the market for used cooking oil. Moreover, the health benefits associated with the consumption of used cooking oils is driving the growth of the market. However, detrimental health effects caused due to over consumption of used cooking oil may hamper the growth of the market.
Regional Analysis: The global used cooking oil (UCO) market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Among all, Europe dominates the market of used cooking oil followed by South America. Europe regulations have encouraged strong biodiesel production growth, which has increased the demand for used cooking oil. Moreover, increased awareness among consumers about animal protein have supplemented the growth of used cooking oil in this region.
Furthermore, North America is expected to grow over the forecast period owing to its increasing consumption of used cooking oil in biofuel production. Moreover, Asia Pacific is projecting growth in developing countries like India and China. However, due to lack of awareness, a negligible growth is observed in this region. From rest of the world, UAE is expected to project application of used cooking oil in the production of biodiesel
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Copyright Š 2017 Market Research Future.
Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
3 Pages Segments Used cooking oil (UCO) is segmented on the basis of sources such as food manufacturers, restaurants, caterers, household, and others. Among all, food manufacturers are dominating the market. However, restaurants are expected to surge the market based on inclination of biofuel manufacturers towards restaurants as a major source of collecting used cooking oil.
Based on the application, the used cooking oil market is segmented into biodiesel, animal feed, oleo chemicals, and others. Biodiesel share the major portion of used cooking oil market.
Intended Audience
Biofuel manufacturers Livestock industry Chemical industry Traders, importers, and exporters
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Copyright Š 2017 Market Research Future.
Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
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Copyright Š 2017 Market Research Future.