Used Cooking Oil Market to Reach $25.7 Billion by 2034, Growing at a CAGR of 12.7%
The global Used Cooking Oil (UCO) market is witnessing significant growth driven by increasing demand for sustainable energy sources, rising awareness of waste management, and expanding applications of UCO in biodiesel production. According to recent market research, the global UCO market was valued at USD 7.8 billion in 2024 and is projected to grow at a CAGR of 12.70% from 2025 to 2034, reaching an estimated USD 25.7 billion by 2034.
Market Overview
Used Cooking Oil, primarily derived from food processing industries, restaurants, and households, has become a crucial raw material for various industries, especially in the production of biofuels, animal feed, and oleochemicals. Growing concerns about environmental degradation and the need for renewable energy sources are propelling the demand for UCO worldwide.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
Key Market Trends
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Surging Demand for Biodiesel: Governments across North America, Europe, and Asia-Pacific are promoting the use of biofuels to reduce carbon emissions. UCO is increasingly being utilized as a sustainable feedstock for biodiesel production.
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Circular Economy Initiatives: Global emphasis on circular economy practices has accelerated the collection and recycling of UCO, reducing waste and promoting resource efficiency.
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Technological Advancements: Innovations in UCO collection, filtration, and processing technologies are enhancing the quality and usability of UCO across different industries.
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Expansion of Food Industry: The rapid growth of the foodservice sector, especially quick-service restaurants, contributes significantly to the generation of UCO, boosting market supply.
Market Size & Forecast
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2024 Market Size: USD 7.8 billion
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2034 Market Size: USD 25.7 billion
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CAGR (2025–2034): 12.70%
This robust growth reflects both rising consumption and improved collection infrastructure for UCO globally.
Key Market Opportunities
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Growth in Renewable Energy Sector: Increasing investments in renewable energy, particularly in biofuel production, offer lucrative opportunities for UCO suppliers.
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Emerging Markets Expansion: Countries in Asia-Pacific and Latin America present untapped potential due to the growing awareness of UCO recycling and rising energy demands.
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Policy Support & Incentives: Government initiatives supporting sustainable waste management and biofuel production create favorable market conditions for UCO collection and processing businesses.
Market Scope
The UCO market extends across diverse applications, including biodiesel production, animal feed manufacturing, and industrial use in detergents, lubricants, and cosmetics. Europe currently dominates the global market due to stringent environmental regulations and established UCO collection networks, while the Asia-Pacific region is anticipated to witness the fastest growth.
As the global push for sustainability intensifies, the UCO market is set to play a pivotal role in reducing environmental impact and supporting renewable energy transitions.
