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 growth rate (CAGR) of 3.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Used cooking oil (UCO) refers to residual oils and fats from food preparation methods across the HoReCa and food processing sectors and at the consumer level in households. It is primarily utilized in the form of vegetable oils, including corn oil, canola oil, olive oil, palm oil, etc. UCO is significantly adopted in the manufacturing of biodiesel, oleochemicals, animal feed, etc. Biodiesel production from used cooking oil has gained considerable traction in India as a cost-effective and eco-friendly solution.
India Used Cooking Oil Market Trends:
In India, the increasing consumer concerns towards high carbon emission levels from conventional fuels are augmenting the adoption of biodiesel. UCO is widely utilized as a low-toxicity feedstock for biodiesel production, which is currently augmenting the market growth in the country. Moreover, rising consumer awareness towards ecological sustainability is also bolstering the demand for clean and renewable fuel alternatives, which is further catalyzing the UCO market. Apart from this, the elevating usage of vegetable oil, as frying is an essential food preparation method for Indian culinary form, has led to the large remains of used cooking oil. The expanding HoReCa sector, along with the growing consciousness towards recyclability of UCO to reduce pollution levels is further bolstering the regional market. Several foodservice providers are collaborating with UCO collection units, thereby creating lucrative growth opportunities for the India UCO market. Additionally, UCO is also gaining traction for manufacturing animal feed as it provides essential proteins and fatty acids required for the overall growth of animals. Besides this, the increasing utilization of UCO as a sustainable and eco-friendly substitute of petroleum-based raw materials in the production of oleochemicals is positively influencing the product demand in the country. Furthermore, the launch of numerous initiatives by the Indian government for promoting the usage of bioenergy to reduce carbon footprints is also acting as a significant growth-inducing factor. Additionally, extensive R&D activities for the production of high-quality refined oil from UCO will continue to drive the India market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India used cooking oil market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on source and application.
Market Breakup by Source:
- Food Processing Industry
Market Breakup by Application:
- Oleo Chemicals
- Animal Feed
Market Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis
||Source, Application, Region
||North India, West and Central India, South India, East India
||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.
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