Used Cooking Oil Market to Exhibit a CAGR of 7.76% during 2021-2028; Expansion of Phillips 66 Humber Refinery’s Production Site to Foster Growth

The global used cooking oil market size is expected to reach USD 10.08 billion by 2028 from USD 5.97 billion in 2021. The booming food and foodservice industry can have a tremendous impact on the market growth in the foreseeable future, mentioned in a report titled “Used Cooking Oil Market Size, Share & COVID-19 Impact Analysis, By Source (Food Services and Households), Applications (Industrial Usage, Animal Feed, and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 5.16 billion in 2020 and is expected to exhibit a CAGR of 7.76% between 2021-2028.

During the COVID-19 epidemic, there was a dramatic drop in UCO recycling due to a lack of product supply and people. The impact on the food service business is similar to the impact on the market. Once the epidemic is under control, the re-establishment of the foodservice business and the re-production of cooking oil are likely to contribute to the increased demand for UCO.

Collaboration of SPAR Austria and E&P UCO-Recycling to Spur Opportunities

SPAR Austria has teamed up with E&P UCO-Recycling to provide cooking oil disposal stations at Vienna's four SPAR and EUROSPAR locations. Customers can recycle this oil in a collection machine and receive a designated amount per liter. The gathered cooking oil is converted into biodiesel. Austrian families consume more than 50 million liters of cooking oil every year. Currently, only a small percentage is appropriately disposed of. The disposal of waste cooking oil through the drain and sewer system places a significant strain on the environment, as well as significant follow-up costs for sewer system maintenance and cleaning, as well as repair costs for clogged pipes in homes. The partnership agreement between these companies can have an excellent impact on the market.

Surging Application of UCO in Biodiesel Industry to Foster Industry Growth

Recent technical developments in garbage recycling have inspired individuals to recycle waste goods and convert them into usable, environmentally friendly products. The product has enormous potential for refinement into various bio-fuels for power generation. Biodiesels made from leftover cooking oil have a smaller carbon footprint and burn more cleanly. They also produce less carbon monoxide and are less expensive than petroleum diesel. The rising demand for recycled used cooking oil for biodiesel generation is driving the market's expansion. The recycling process produces byproducts that can be used to make soap and glycerine, increasing their demand. According to the Biomass Board of Research and Development, the global biodiesel supply reached 39,654 million liters in 2015, and is predicted to reach 50,334 million liters by 2025.

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Prominent Companies Emphasize on Manufacturing and Distribution Capacity to Elevate Industry

 The existence of numerous minor companies in the market and their expanded manufacturing and distribution capacities has resulted in market fragmentation throughout the world. For example, Valley Proteins, Inc., Proper Oils Co. Ltd., and Baker Commodities, Inc. are focused on facility expansions, new processing processes, and collaborations to expand their market position.

Notable Development:

• August 2020: Phillips 66 Humber Refinery, a U.K.-based company, announced the expansion of its used cooking oil production site situated in Immingham.

The Report Lists the Key Players in the Market:

• Valley Proteins, Inc. (Virginia, U.S.)


• Proper Oils Co. Ltd. (London, U.K.)


• ABP Food Group (County Louth, Ireland)


• Arrow Oils Ltd. (Manchester, U.K.)


• Baker Commodities, Inc. (California, U.S.)


• Grand Natural, Inc. (California, U.S.)


• Oz Oils Pty. Ltd. (Queensland, Australia)


• Brocklesby Limited (Brough, U.K.)


• GreaseCycle (North Carolina, U.S.)


• MBP Solutions Ltd. (Neuchatel, Switzerland)

Further Report Findings:

• Growing awareness about environmental welfare and sustainable energy resources is anticipated to the Asia Pacific market is anticipated to grow substantially. This region's growth will be aided by the growing number of firms involved in the collection, refining, and processing of UCO.


• The foodservice segment is expected to account for the maximum used cooking oil market share due to the ongoing developments in policies and regulations set out by governments for the collection of used cooking oil from hotels & restaurants.

Table of Segmentation