Used cooking oil market projected to reach $10.9 billion by 2032 driven by biodiesel production.

From GlobeNewswire: 2024-11-27 07:30:00

The used cooking oil market is projected to reach over USD 10.9 billion by 2032. Demand is driven by biodiesel production, waste reduction, and recycling efforts. The food industry plays a crucial role in repurposing used cooking oil, contributing to the circular economy. Environmental awareness and regulations are also boosting market growth.

In 2023, the household segment led the used cooking oil market at USD 2.7 billion, with a 5.9% CAGR expected through 2032. Unrefined used cooking oil, valued at USD 3.7 billion in 2023, is vital for biodiesel production due to its cost-effectiveness and high lipid content. It is also used in animal feed, soaps, and other oleochemicals.

China’s used cooking oil market was worth USD 2.2 billion in 2023, with a projected 5.7% CAGR through 2032. The country’s large population and food service industry generate significant amounts of used cooking oil. Government support for renewable energy initiatives drives its repurposing for biofuel production, aligning with sustainability goals.



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