The Report Used Cooking Oil Market by Source (Household Sector, Commercial Sector) and by Application ( Biodiesel, Oleo Chemicals, Animal feed, Others) The increasing adoption of Used Cooking Oil Market as a sustainable and high-performance material drives its market growth.

The global Used Cooking Oil Market is on track to achieve significant growth, with a projected size is expected to reach nearly US$ 10.71 Bn by 2029 with the CAGR of 6.1%during the forecast period.

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Source segment with the quickest growth

According to Source, during the projection period, the commercial segment is anticipated to increase at the highest CAGR of approximately. This is because there are more restaurants, hotels, and other hospitality-related businesses worldwide, which causes service providers to collect large quantities of spent cooking oil in bulk. The household sector is anticipated to expand at the fastest rate overall through 2029, with a CAGR of 5.4%. This is because gathering little volumes of used cooking oil from numerous different homes presents logistical difficulties.

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Biodiesel, Oleo Chemicals and Animal feed segments based on the type of Application in Used Cooking Oil Market

The biodiesel application is anticipated to expand at the highest CAGR of around 7.82% in 2022 and is anticipated to continue to have a dominant position by the end of 2029. This is because leftover cooking oil is less expensive than vegetable oil, which encourages biodiesel makers to use it as their primary feedstock.

On the other hand, the oleo chemical segment is anticipated to increase at the fastest CAGR of 6.2%. The use of used cooking oil in products like soap, candles, plastics, and other items has been encouraged by an increase in environmental awareness and a focus on the use of sustainable and renewable raw materials in the chemical industry, which has benefitted the oleo chemicals sector. This component

Europe region is positioned as a frontrunner in the Used Cooking Oil Market

Europe had the biggest market share in 2022. This is a result of heightened environmental awareness and supportive government policies for the creation of second-generation fuels, such biodiesel, which is mostly derived from recycled cooking oil. For instance, leftover cooking oil makes up 89 percent of the feedstock used to produce biodiesel for transportation (UCO) in the United Kingdom. As a result, this feature contributes to the expansion of the European market.

Used Cooking Oil Market Key Players:

1.Valley Proteins, Inc 2. Proper Oils Company Ltd 3. Baker Commodities Inc 4. Arrow Oils Ltd 5. Olleco 6. Waste Oil Recyclers 7. Grand Natural Inc 8. GREASECYCLE 9. Brocklesby Limited 10. Oz Oils Pty Ltd 11. Argent Energy 12. Devon Waste Oils 13. Devonamic 14. Biomotive Fuel Ltd 15. Harvest Energy 16. Darling Ingredients Inc 17. Greenergy International Ltd

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