DUBLIN, November 29, 2021--(BUSINESS WIRE)--The "Used Cooking Oil (UCO) Market - Market Size & Forecasting (2017-2028)" report has been added to ResearchAndMarkets.com's offering.
The used cooking oil (UCO) market was estimated to be USD 12,271.17 million in 2020 and is projected to reach USD 17,310.94 million by 2028, at a CAGR of 4.4% during the forecast period in the COVID-19 period. However, without the COVID-19 impact, the used cooking oil (UCO) market has been expected to be at USD 12,380.92 million in 2020 and USD 18,639.73 million in 2028, at a CAGR of 5.2%
Used cooking oils (UCOs) are oils and fats that have been used for cooking or frying in the food processing industry, in Horeca (hotel, restaurant and cafe) and in households sectors. UCO is recycled and used in various industries for the production of biodiesel, soaps, and oleochemicals, among others. The global used cooking oil (UCO) market is anticipated to expand at a significant growth rate during the forecast period.
The expansion of the global market can be attributed to the increasing demand for biofuels in developing and developed economies. Increasing urbanization and industrialization, coupled with the growing demand for biofuels, are driving the UCO market growth. Increasing population and rising awareness regarding the use of renewable resources are further supporting the growth of this market. Apart from these, rising demand for sustainable energy solutions and environmental awareness are boosting the growth of the market for used cooking oils.
This research report categorizes the market for used cooking oil (UCO) based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the used cooking oil (UCO) market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the used cooking oil (UCO) market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as source and application of the used cooking oil (UCO) market.
The major companies profiled include Baker Commodities Inc., Veolia Environment S.A., Arrow Edible Oil Management Ltd, Argent Energy, Olleco Ltd., Waste Oil Recyclers Inc., Grand Natural Inc., Greasecycle, Brocklesby Limited, Vegetable Oil Management Ltd, Valley Proteins Inc., and others. These companies have adopted product development, expansion, and merger strategies to consolidate their market position amid intense competition.
Key Questions Answered:
How the used cooking oil (UCO) market is evolving?
What is driving and restraining factors for global Used Cooking Oil (UCO) market?
How will each used cooking oil (UCO) submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
How will market shares of each used cooking oil (UCO) submarket develop from 2020-2028?
Which used cooking oil (UCO) submarket will be the main driver of the overall market from 2020-2028?
How will political and regulatory factors influence regional used cooking oil (UCO) markets and submarkets?
Will leading national used cooking oil (UCO) broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
How will the sector evolve as alliances form during the period between 2017 and 2028?
Key Topics Covered:
1 Market Abstract
2 Market Introduction
2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Used Cooking Oil (UCO)
3 Research Practice
4 Key Related Data
5 Impact Factor Analysis
184.108.40.206 Increasing Use of UCO in Biodiesel Production Will Drive Market Growth
220.127.116.11 Rising Government Efforts to Reduce Oil Wastage Will Act in Favor of Market Growth
18.104.22.168 Challenges Faced in the Processing of Used Cooking Oil (UCO) to Impede the Growth of the Market
22.214.171.124 Increasing Awareness of the Reuse of UCO
126.96.36.199 Lack of Organization in the Market
5.2 Porter's Five Forces Model
5.3 Value Chain Analysis
6 Market Development Analysis
6.2 Mergers and Acquisitions (2015-2020)
7 Used Cooking Oil (UCO) Market, by Source
8 Used Cooking Oil (UCO) Market, by Application
9 Used Cooking Oil (UCO) Market, Regional Analysis
10 Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/qehawg
View source version on businesswire.com: https://www.businesswire.com/news/home/20211129005308/en/
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