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Used Cooking Oil (UCO) Market Size, Global Trends, Growth | Industry Forecast 2022-2027

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Used Cooking Oil (UCO) Market Size, Global Trends, Growth | Industry Forecast 2022-2027

March 22
03:28 2023
Used Cooking Oil (UCO) Market Size, Global Trends, Growth | Industry Forecast 2022-2027
The market is primarily driven by the increasing adoption of bio-based fuels owing to the rising consumer awareness concerning green energy and carbon emissions.

According to the latest report by IMARC Group, “Global Used Cooking Oil (UCO) Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global used cooking oil market size reached US$ 5.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.46 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027.

Used cooking oil (UCO) refers to waste vegetable or residual oils produced from hotels, restaurants, cafés (HoReCa), food processing sectors, and households. This leftover cooking oil is primarily acquired from olive, corn, canola, soy oils, palm, sunflower, and animal fats. It is environment-friendly, cost-effective, and can be recycled and processed in bulk quantities. As a result, UCO finds extensive applications in biodiesel production, oleochemicals, soaps, hydrogenated vegetable oils (HVO), industrial greases, animal feed, paint remover, shampoo, and moisturizers.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/used-cooking-oil-market/requestsample

Used Cooking Oil Market Trends:

The market is primarily driven by the increasing adoption of bio-based fuels owing to the rising consumer awareness concerning green energy and carbon emissions. Additionally, the rising utilization of UCO in manufacturing animal feeds is contributing to market growth. Moreover, with significant developments in processing and manufacturing technologies, key players are developing innovative ozone-treated oil with high calorific worth and lower ignition points.

This, coupled with the increasing usage of UCO as a fermentation media component, which acts as a carbon source in microorganisms for biodiesel production, is providing a positive thrust to market growth. Other factors, including the growing awareness about food wastage among individuals, the increasing government efforts to reduce oil wastage, and escalating fuel demand, are creating a positive market outlook across the globe.

Checkout Now: https://www.imarcgroup.com/checkout?id=5667&method=1

Used Cooking Oil Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the dehumidifier market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

  • ABP Food Group
  • MBP Solutions Ltd.
  • Oz Oils Pty Ltd
  • Valley Proteins Inc.
  • Arrow Oils Ltd
  • Baker Commodities Inc.
  • Brocklesby Limited.
  • Grand Natural Inc.
  • Greasecycle LLC
  • Veolia Environment S.A.(OTCMKTS: VEOEY)

Key Market Segmentation:

The report has segmented the market on the basis of source, application and region.

Breakup by Source:

  • Household Sector
  • Commercial Sector

Breakup by Application:

  • Biodiesel
  • Oleo Chemicals
  • Animal feed
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=5667&flag=C

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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.

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About IMARC Group:

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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.

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Website: https://www.imarcgroup.com