Used Cooking Oil Market Growth & Trends
The global used cooking oil market is anticipated to reach USD 11.98 billion by 2030 and is expected to expand at a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. Growing awareness regarding the benefits associated with using waste cooking oil to produce various ingredients, renewable energy sources, and other products is primarily driving the market's growth.
Compared to virgin oils, the cost-effectiveness of cooking oil used in biofuel production promotes growing adoption. Many restaurants, cafes, and hotels operating in urbanized regions contribute to an uninterrupted supply of used cooking oil. Multiple companies and organizations have been working on the collection of used cooking oil from food service providers, which is expected to generate lucrative opportunities.
Increasing awareness regarding the benefits offered by renewable energy sources and the growing focus of industries on sustainability are anticipated to drive growth for this market. In recent years, multiple governments have also provided support through subsidiaries and various initiatives to promote the use of biofuel. These aspects are likely to fuel the growth of the used cooking oil market over the forecast period.
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Used Cooking Oil Market Report Highlights
Biodiesel production dominated the application segment and accounting for nearly 50% of the used cooking oil market in 2024.
Oleochemicals applications are anticipated to experience significant growth over forecast period.
Food services held the largest revenue share of type segment in 2024.
Growing collection initiatives in urban areas are expected to drive growth for household segment.
Significant support from governments and inclination toward sustainable energy sources are projected to support market growth.
North America dominated the used cooking oil market in 2024 owing to factors such as presence of multiple key companies in the region, and growing focus on collection of used cooking oil from food service providers.
Used Cooking Oil Market Segmentation
Grand View Research has segmented the global used cooking oil market on the basis of animal application, source, and region:
Used Cooking Oil Application Outlook (Revenue, USD Million; 2018 - 2030)
Biodiesel Production
Animal Feed
Oleochemicals
Personal care & cosmetics
Others
Used Cooking Oil Type Outlook (Revenue, USD Million; 2018 - 2030)
Food Service
Household
Others
