Exploring the Growth Factors, Industry Developments, and Competitive Scenario of the Used Cooking Oil Market

WILMINGTON, DE, UNITED STATES, February 18, 2025 /EINPresswire.com/ -- Allied Market Research recently conducted a study on the used cooking oil market, highlighting its important aspects like industry dynamics, factors influencing the growth, latest trends, competitive scenario, and research methodology. This study plays a significant role in shaping business decisions and assisting businesses to garner success.

The study estimates the industry to grow at a remarkable CAGR of 5.8% from 2024 to 2034. This dynamic landscape was valued at $6.4 billion in 2023 and is expected to reach $11.8 billion by 2034. This growth is due to increasing adoption of eco-friendly biodiesel over conventional fossil fuels. As used oil is an excellent raw material for biodiesel production, it is witnessing a significant demand. In addition, rising governmental efforts to promote used oil recycling and renewable fuel production are driving industry growth.

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Competitive Scenario

The AMR report presents the profiles of top industry players and describes the major developmental strategies adopted by them to strengthen their foothold. The key industry players include Valley Proteins, Inc., Baker Commodities Inc., Quatra, Arrow Oils Ltd., Waste Oil Recyclers, Olleco, Grand Natural Inc., Brocklesby Limited, GREASECYCLE, and Oz Oils Pty Ltd. These top profiles have focused on acquisitions, mergers, new product launches, and geographical expansion to gain a competitive edge.

Industry Snapshots

ORLEN Unipetrol partnered with the Czech University of Life Sciences & the Czech Technical University in June 2023 and introduced a pilot project for cooking oil collection. This project intended to examine the recycling options and efficiency of used cooking oil in forming biofuels & petrochemicals. The results stated that the obtained biofuel exhibited higher stability and cetane number than diesel oil.

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Research Methodology Adopted by the Analysts

The AMR analysts use a comprehensive approach to collect and interpret information on the used cooking oil industry. For data collection, both primary as well as secondary research is conducted through questionnaires, interviews, and official publications. This is followed by data analysis, both qualitative and quantitative, which helps determine emerging needs, upcoming trends, and revenues. The analysts perform market forecasting through trend analysis and scenario modeling. They keep a continuous watch on the industry to provide the latest, tailored information as per the demands of clients. This structured approach ensures the availability of accurate, actionable, and latest market intelligence of the industry.

Regional Analysis

The study assesses the industry across North America, Europe, Asia-Pacific, and LAMEA. European countries are the highest importers of used cooking oil as they are highly focusing on biodiesel production currently. This is attributed to the European Union’s rigorous strategy to reduce greenhouse gas emissions and achieve renewable energy targets. Similarly, government policies and initiatives have increased the recycling of used cooking oil in North America. These regulations promote renewable energy utilization and provide financial benefits to businesses involved in recycling.

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In summary, the study presented by AMR analysts about the used cooking oil industry is an excellent manual for new entrants or investors to understand the dynamics of this competitive landscape. The report not only helps stakeholders identify their opportunity areas but also ensures their success in the long run.

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