Used Cooking Oil Market Report 2024 (Global Edition)

Global Used Cooking Oil Market Report 2024 Market Size Split by Source (Food Manufacturers, HORECA, Household, Others), by Application (Biodiesel, Oleo chemical Products, Animal Feed, Others)

Used Cooking Oil Market Report Description

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Competitive Landscape of the Used Cooking Oil Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Used Cooking Oil Industry: (In no particular order of Rank)

• Brocklesby Ltd.
• Dorset Bio Solutions
• Proper Oils
• Protelux
• Harvest Energy
• Waste Oil Recyclers
• Uptown Biodiesel Limited
• Baker Commodities Inc.
• Argent Energy
• Jinzhou Chenjia Oils Co Ltd
• Biomotive Fuel Ltd.
• Olleco
• Devon Biofuels
• Nidera
• Organic Drive
• Vegetable Oil Management Ltd
• Greenergy International Ltd
• Darling Ingredients
• Valley Proteins Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Used Cooking Oil

Which Region Dominates the Used Cooking Oil Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for used cooking oil (UCO) is expanding in North America due to rising environmental awareness and rising biodiesel production. In order to support sustainable waste management practices, strict rules are driving up demand for UCO as a feedstock for biodiesel. A further factor in the market's growth is the increasing emphasis on circular economy concepts, which supports UCO recycling and repurposing programs.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. Due to strict rules supporting sustainable waste management practices and renewable energy sources, the used cooking oil (UCO) market is growing in Europe. The demand for UCO as a feedstock for biodiesel production is driven by the region's emphasis on environmental conservation. Furthermore, as the concepts of the circular economy become more well known, UCO recycling programs are encouraged, which helps the industry expand and flourish.

The current report Scope analyzes Used Cooking Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Used Cooking Oil Market

According to Cognitive Market Research, the global Used Cooking Oil market size was estimated at USD 5226.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2090.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. The demand for biodiesel production and strict environmental rules that encourage sustainable waste management techniques are driving the growth of the used cooking oil (UCO) market in North America. Restaurants and other foodservice businesses are part of the hospitality sector, which is a sizable component that produces large amounts of UCO. The UCO market in North America is growing as a result of growing awareness of the value of recycling and repurposing UCO and the development of biodiesel plants. This promotes the use of UCO in waste management and the generation of renewable energy in a more environmentally friendly and sustainable manner.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Used Cooking Oil market with a market size of USD 1649.39 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. The demand is amplified by the nation's stringent environmental regulations in these regions promote sustainable waste management practices, encouraging the recycling and repurposing of UCO. 
• The Canada Used Cooking Oil market had a market share of USD 250.86 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Canada's increasing awareness of the environmental impact of waste disposal fosters.
• The Mexico Used Cooking Oil market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 190.23 million in 2024.

 

Europe Used Cooking Oil Market

According to Cognitive Market Research, with a market value of USD 5226.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 1567.86 million. The demand for renewable energy sources is growing, and strong rules encouraging sustainable waste management practices are driving the rapid expansion of the used cooking oil (UCO) market in Europe. A sizeable portion of the hospitality industry, especially restaurants and catering services, is involved in the UCO supply chain. The UCO market in Europe is expanding, boosting the production of biodiesel and promoting environmental sustainability throughout the area. This growth is attributed to the increased emphasis on circular economy concepts and the growing adoption of UCO recycling programs.

• The United Kingdom Used Cooking Oil market had a market share of USD 263.40 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In the UK, Used Cooking Oil sales witness an upswing due to the nation's the expanding biodiesel. 
• The France Used Cooking Oil market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 144.24 million in 2024.
• According to Cognitive Market Research, the Germany Used Cooking Oil market size was valued at USD 310.44 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In Germany, Used Cooking Oil sales surge due to the nation's the expanding biodiese. 
• The Italy Used Cooking Oil market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 134.84 million in 2024.
• The Russia Used Cooking Oil market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 243.02 million in 2024.
• The Spain Used Cooking Oil market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 128.56 million in 2024.
• The Luxembourg Used Cooking Oil market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 48.6 million in 2024.
• The Portugal Used Cooking Oil market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 32.93 million in 2024.
• The Greece Used Cooking Oil market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 18.81 million in 2024.
• Rest of Europe Used Cooking Oil market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 243.02 million in 2024.

Asia Pacific Used Cooking Oil Market

According to Cognitive Market Research, the global Used Cooking Oil market size was estimated at USD 5226.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1202.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. The burgeoning food sector and rising environmental consciousness in the Asia Pacific region are driving significant growth in the used cooking oil (UCO) market. The hospitality industry, which includes lodging facilities, dining establishments, and catering services, is a sizable sector that produces large amounts of UCO. UCO recycling programs are receiving more attention as worries about renewable energy and sustainable waste management develop. As a result, the UCO industry in Asia Pacific is growing rapidly, encouraging environmentally responsible behaviors and helping the area achieve its targets for renewable energy.

• According to Cognitive Market Research, the China Used Cooking Oil market size was valued at USD 540.91 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Used Cooking Oil sales surge in China due to the nation's rapid expansion in oil and gas.
• The Japan Used Cooking Oil market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 165.88 million in 2024.
• The India Used Cooking Oil market had a market share of USD 144.24 million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. The demand is augmented by India's increasing used in hotels.
• The South Korea Used Cooking Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 120.20 million in 2024.
• The Australia Used Cooking Oil market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 62.51 million in 2024.
• The South East Asia Used Cooking Oil market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 82.94 million in 2024.
• The Rest of Asia Pacific Used Cooking Oil market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 85.34 million in 2024.

South America Used Cooking Oil Market

According to Cognitive Market Research, the global Used Cooking Oil market size was estimated at USD 5226.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 261.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The booming food industry and growing environmental awareness in Latin America are driving growth in the used cooking oil (UCO) market. UCO generation is heavily influenced by the hospitality industry, which includes lodging facilities, dining establishments, and catering services. There is an increasing trend toward UCO recycling initiatives as people become more conscious of the effects that garbage disposal has on the environment. As a result, the UCO market in Latin America is growing gradually, which helps the region's renewable energy sources and sustainable waste management techniques.

• According to Cognitive Market Research, the Brazil Used Cooking Oil market size was valued at USD 111.84 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. Used Cooking Oil sales flourish in Brazil due to the nation's increased in hotel industry.
• The Argentina Used Cooking Oil market had a market share of USD 43.90 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. The demand is augmented by Argentina's commitment to oil and gas industry.
• The Colombia Used Cooking Oil market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 23.26 million in 2024.
• The Peru Used Cooking Oil market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 21.43 million in 2024.
• The Chile Used Cooking Oil market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 18.81 million in 2024.
• The Rest of Latin America Used Cooking Oil market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 42.07 million in 2024.

Middle East and Africa Used Cooking Oil Market

According to Cognitive Market Research, the global Used Cooking Oil market size was estimated at USD 5226.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 104.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The booming foodservice industry and growing emphasis on sustainability are driving the used cooking oil (UCO) market in the Middle East and Africa. Hotels, restaurants, and catering services make up a substantial portion of the UCO supply chain. Interest in UCO recycling projects is growing as environmental pollution and waste management become more pressing concerns. As a result, the UCO market in the Middle East and Africa is growing rapidly, encouraging ethical waste disposal methods and aiding in the regional growth of renewable energy sources.

• According to Cognitive Market Research, the GCC Countries Used Cooking Oil market size was valued at USD 44.74 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Used Cooking Oil sales flourish in the GCC Countries due to the region's strategic investments in research and advancements.
• The Egypt Used Cooking Oil market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 10.98 million in 2024.
• The South Africa Used Cooking Oil market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 16.51 million in 2024. Used Cooking Oil sales flourish in the South Africa due to the region's strategic investments in research and advancements.
• The Turkey Used Cooking Oil market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 8.99 million in 2024.
• The Nigeria Used Cooking Oil market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 10.98 million in 2024.
• The Rest of MEA Used Cooking Oil market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 12.33 million in 2024.

Used Cooking Oil Market Analysis

Used Cooking Oil Source Segment Analysis

According to Cognitive Market Research, Food Manufacturers, held the major market share over the forecast period. As a byproduct of food processing, used cooking oil (UCO) is being supplied into the supply chain by food producers, which is propelling the expansion of the UCO market. Food manufacturers are embracing appropriate waste management strategies, such as UCO recycling, in response to the growing emphasis on sustainability. Food manufacturers are supporting a circular economy and environmental protection by reusing UCO into biodiesel or other goods.

HORECA is the fastest-growing category over the forecast period. Through the production of large amounts of used cooking oil (UCO) from culinary operations, the HORECA sector (Hotels, Restaurants, and Catering) is driving growth in the UCO market. As the hospitality sector increasingly prioritizes sustainability, more HORECA businesses are implementing UCO recycling initiatives. In addition to encouraging appropriate waste management, this movement also helps to produce biodiesel and other environmentally beneficial goods.

• Food Manufacturers
• HORECA
• Household
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Used Cooking Oil Industry. Request a Free Sample PDF!

Used Cooking Oil Application Segment Analysis

According to Cognitive Market Research, Biodiesel, hold a prominent market share. The manufacturing of biodiesel is a major factor propelling the used cooking oil (UCO) market's expansion. Because of its environmentally beneficial qualities, UCO is a significant feedstock for the manufacturing of biodiesel, particularly as the demand for renewable fuels rises. The market for UCO is expanding due to the expansion of biodiesel production, which in turn is driving the recycling and repurposing of UCO, as a result of strict legislation encouraging sustainable practices and greener energy sources.

Oleo chemical Product is the fastest-growing category over the forecast period. Because oleochemical products employ used cooking oil (UCO) as a valuable raw material, the UCO market is growing. In sectors like lubricants, detergents, and cosmetics where there is a growing need for sustainable alternatives, UCO provides a renewable feedstock for the oleochemical industry. This movement is driving market expansion by reducing reliance on fossil fuels and promoting the concepts of the circular economy.

• Biodiesel
• Oleo chemical Products
• Animal Feed
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion