Marketresearch

Used Cooking Oil Market Size, Price Trends, Demand, Report 2023-2028

Di Dhamashalu

IMARC Group, a leading market research company, has recently releases report titled, “Used Cooking Oil Market: Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, the global used cooking oil market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. What is Used cooking oil? Used cooking oil (UCO), also called waste vegetable oil, is prepared by the repeated use of cooking oils in restaurants, food processing units, hotels, the household sector, etc. It is usually obtained from canola, olive, palm, sunflower, corn, rapeseed, soya oils, and animal fats. UCO is commonly available in mixed compositions. Recycled and processed used cooking oils find extensive applications in the manufacturing of composts, oleochemicals, soaps, hydrogenated vegetable oils (HVO), industrial greases, biodiesels, animal feed, etc. As compared to the traditionally used materials, it is environment-friendly, highly cost-effective, and readily accessible in bulk quantities for mass production of several products. Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/used-cooking-oil-market/requestsample What are the growth prospects and trends in the used cooking oil industry? The shifting consumer preferences from petroleum-based fuels towards biodiesel and green energy fuels with a lower carbon footprint are primarily driving the used cooking oil market. Additionally, the widespread adoption of UCO in the manufacturing of animal feed is further bolstering the market growth. Besides this, the rising usage of these oils in the preparation of fast food and fried items that are processed is acting as another significant growth-inducing factor. Moreover, the introduction of innovative ozone-treated oils by leading manufacturers with high calorific value and lower ignition points is positively influencing the global market. Apart from this, the inflating popularity of UCOs as a fermentation media component that generally acts as a carbon source in microorganisms for the production of biodiesel is also stimulating the market growth. Furthermore, continuous improvements in processing and manufacturing technologies are anticipated to fuel the used cooking oil market over the forecasted period. Who are the key players operating in the industry? The report has segmented the market on the basis of source, application and region. Breakup by Source: Breakup by Application: Breakup by Region: Key highlights of the report: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA USA: +1-631-791-1145 | Asia: +91-120-433-0800 Email: sales@imarcgroup.com Follow us on Twitter: @imarcglobal LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/