Market Research Future (Food and Beverages) Used Cooking Oil (UCO) Market Research Report | Page 3

Used Cooking Oil (UCO) Market Research Report- Forecast to 2023
2 Market Overview
Used cooking oil was viewed as a waste product in the past. However, over the decades, it has become a valuable
commodity, particularly in the production of biodiesel. Increased focus on renewable resources have supplemented
the market growth. It has been projected that the biodiesel manufacturers have increasingly attempted to source
used cooking oil from restaurants. Moreover, increasing number of restaurants and food processing industry are
adding fuel to the growth of the used cooking oil market.
Additionally, it is used as an additive in animal feed, which helps farmers to grow healthy animals faster. This is
backed up with consumer awareness regarding animal protein and their inclination towards meat consumption, which
is boosting the market for used cooking oil. Moreover, the health benefits associated with the consumption of used
cooking oils is driving the growth of the market. However, detrimental health effects caused due to over consumption
of used cooking oil may hamper the growth of the market.
Regional Analysis:
The global used cooking oil (UCO) market is segmented into North America, Europe, Asia Pacific and rest of the
world (RoW). Among all, Europe dominates the market of used cooking oil followed by South America. Europe
regulations have encouraged strong biodiesel production growth, which has increased the demand for used cooking
oil. Moreover, increased awareness among consumers about animal protein have supplemented the growth of used
cooking oil in this region.
Furthermore, North America is expected to grow over the forecast period owing to its increasing consumption of
used cooking oil in biofuel production. Moreover, Asia Pacific is projecting growth in developing countries like India
and China. However, due to lack of awareness, a negligible growth is observed in this region. From rest of the world,
UAE is expected to project application of used cooking oil in the production of biodiesel
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