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Current Trends and Future Growth of Used Cooking Oil Market

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Shivani Sharma
Current Trends and Future Growth of Used Cooking Oil Market

The global used cooking oil market size is expected to reach USD 9.55 billion by 2028 according to a new study by Polaris Market Research. The report “Used Cooking Oil Market Share, Size, Trends, & Industry Analysis Report By Application (Biodiesel, Oleo Chemicals, Animal Feed, Others); By Source; By Region; Segment & Forecast, 2021 – 2028” provides a thorough and detailed analysis with an overview of present trends and future insights.

 

Increasing urbanization and industrialization coupled with growing demand for biofuels majorly drives the UCO industry growth. The increasing population, and rising awareness regarding use of renewable resources further support the growth of this market. Increasing demand for sustainable energy solutions, and environmental awareness boosts the market growth.

 

Get sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/used-cooking-oil-uco-market/request-for-sample

 

The growth in the global food & beverage industry and a significant increase in restaurants and food outlets also accelerate the development of the used cooking oil industry. Increasing use as additive in animal feed, rising focus on improving animal health, accelerating demand from emerging countries, and growing initiatives to promote sustainable energy sources are expected to provide growth opportunities in the used cooking oil industry during the forecast period.

  

Biodiesel dominated the industry in 2020 and is expected to maintain its dominance over the forecast period owing to the wide usage of UCO in the creation of fuels and UCO is more readily available and less expensive than vegetable fats, which enables biodiesel producers to use it as a key input in biodiesel manufacturing.

 

Europe generated the highest market share in terms of revenue in the global used cooking fats industry in 2020 and is expected to lead the industry throughout the forecast period. The growing population, urbanization, and industrialization increase the demand for UCO in the region.

 

The rising environmental concerns and favorable government regulations is generating numerous opportunities for the UCO industry in the region. Increasing demand for biodiesel also boosts industry growth in Europe.

 

The well-known companies profiled in the UCO industry report include Baker Commodities Inc., Greenergy International Ltd, Darling Ingredients, Uptown Biodiesel Limited, Proper Oils, Argent Energy, Brocklesby Ltd, Devon Biofuels, Biomotive Fuel Ltd., and Lywood Consulting. These companies are consistently launching new products to enhance their offerings in the global UCO industry.

 

Browse for full research summary: https://www.polarismarketresearch.com/industry-analysis/used-cooking-oil-uco-market

 

With the advancement of technologies, companies are innovating and introducing new customized solutions to cater the growing needs of the customers. Leading companies are also acquiring other companies and enhancing their product offerings to improve their industry reach. Acquisitions enable key players to increase their industry potential in terms of geographic expansion and expansion of customer base.

 

Polaris Market Research has segmented the used cooking oil market report on the basis of source, application, and region:

 

Used Cooking Oil, Source Outlook (Revenue – USD Billion, 2016 – 2028)

  • Restaurants and Other Food Outlets
  • Household
  • Food Manufacturers
  • Caterers
  • Others

Used Cooking Oil, Application Outlook (Revenue – USD Billion, 2016 – 2028)

  • Biodiesel
  • Oleochemicals
  • Animal feed
  • Others

Used Cooking Oil, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

 

Avail discount on this report @ https://www.polarismarketresearch.com/industry-analysis/used-cooking-oil-uco-market/request-for-discount-pricing

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:

Polaris Market Research
Phone: 1-646-568-9980
Email: [email protected]
Web:
www.polarismarketresearch.com

 

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