The latest research study “India Used Cooking Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India used cooking oil market reached a volume of 3.1 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 3.9 Million Tons by 2027, exhibiting a CAGR of 3.40% during 2022-2027.
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Used cooking oil (UCO) refers to residual oils and fats acquired from food preparation procedures across the HoReCa, food processing units, and at the consumer level in household sectors. It is primarily utilized in the form of vegetable oils, including corn oil, canola oil, olive oil, palm oil, soy oils, and animal fats. As a result, UCO has been widely adopted to produce industrial greases, paint removers, biodiesels, composts, animal feed, soaps, shampoo, moisturizers, and other products. In India, biodiesel production from UCO has gained significant traction as a cost-effective and eco-friendly solution that is available in abundance for the mass production of various products.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Used Cooking Oil Market Trends and Drivers:
The market is primarily driven by the rising consumer awareness regarding the high carbon emission levels from conventional fuels, which in turn, is accelerating the adoption of biodiesel. UCO is extensively utilized as a low-toxicity feedstock for biodiesel production, which acts as a major growth-inducing factor.
Apart from this, the wide application of UCO in the output of bio-lubricants, grease, hydrogen gas, oleo chemicals, animal feed, and other products is also augmenting the product demand across the country. Moreover, the expanding HoReCa sector and the extensive usage of vegetable oil, as frying is a crucial food preparation procedure for Indian cuisines, have led to large remains of used cooking oil.
This, coupled with the food and beverages sector collaborating with UCO collection units, is creating growth opportunities for the leading players in the India UCO market. Other factors, including beneficial government policies, extensive research and development (R&D) activities, and widespread adoption of UCO in animal feed manufacturing, are propelling market growth.
India Used Cooking Oil Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
India Used Cooking Oil Companies:
Aris Bioenergy Private Limited, Biod Energy (India) Private Limited, Bluestone Energy, Eco Green Fuels, Gogreen Bioenergy India Pvt Ltd, K Nandini Refineries, Muenzer Bharat Pvt. Ltd., Northern Biofuels Private Limited, Veolia Environment and Zomato.
The report has segmented the market on the basis of region, source and application.
Market Breakup by Source:
- Food Processing Industry
Market Breakup by Application:
- Oleo Chemicals
- Animal Feed
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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