Used Cooking Oil Market by Source (Household Sector and Commercial Sector) and Application (Bio Diesel, Oleo Chemicals, Animal Feed, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global used cooking oil industry garnered $6.04 billion in 2019, and is estimated to reach $8.88 billion by 2026, witnessing a CAGR of 5.0% during the forecast period, 2019–2026.

Used cooking oil has a wide application that includes the production of grease, polyurethane products, bio lubricants, and hydrogen gas. Most of the lubricants available in the market are petroleum-based. In the case of bio lubricant produced from these virgin oils, about 80 to 90% of production cost is high due to virgin oil used as a raw material. Low cost, easy availability, and non-polluting nature has made used cooking oil popular for the production of bio lubricants.

Download Sample Copy Of Used Cooking Oil Market@

Furthermore, grease has a wide application in the field of machines as it is used to minimize the friction between mechanical parts of the machines. However, grease is mostly produced from petroleum based raw materials and is non-biodegradable. The production of grease from used cooking oil is an eco-friendly and renewable option, which helps in mitigating the rise in environmental concern. This fact is anticipated propel the used cooking oil market growth in the upcoming years.

The global used cooking oil market is divided on the basis of source, application, and geography. Based on source, the market is segmented into household sector and commercial sector. The household sector is expected to manifest the highest CAGR of 5.4% from 2019 to 2026. However, the commercial sector held the largest share in 2019, accounting for more than half of the total market. This is due to rise in number of food & service industries and hotels that resulted in huge production of used cooking oil across the world.

On the basis of application, the market is categorized into biodiesel, oleo chemicals, animal feed, and others. The oleo chemical segment is estimated to portray the highest CAGR of 6.2% during the forecast period. However, the bio-diesel segment dominated the market in 2019, accounting for around two-fifths of the market and is expected to maintain its dominance by 2026.

The global used cooking oil market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across the Asia-Pacific region would is expected to register the highest CAGR of 5.9% during the forecast period. However, the market across North America dominated in 2019, holding more than one-fourth of the market.

The global used cooking oil market report includes an in-depth analysis of the major market players such as Oz Oils Pty Ltd., GREASECYCLE, Olleco, Waste Oil Recyclers, Grand Natural Inc., Proper Oils Company Ltd., Baker Commodities Inc., Valley Proteins, Inc., Brocklesby Limited, and Arrow Oils Ltd.

The Interested Stakeholders can Enquire for the Purchase of the Report @

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975 
Follow us on: LinkedIn Twitter

Leave a comment

Your email address will not be published. Required fields are marked *