India Used Cooking Oil Market to Reach 4.3 Million Tons by 2032, Impelled by Rising Environmental Consciousness

June 10, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled “India Used Cooking Oil Market Report by Source (Food Processing Industry, HoReCa, Household, and Others), Application (Biodiesel, Oleochemicals, Animal Feed, and Others), and Region 2024-2032," the India used cooking oil market reached a volume of 3.3 Million Tons in 2023. Used cooking oil (UCO) refers to residual oils and fats previously used for cooking or frying. It is produced as a result of the repeated use of vegetable oils for cooking applications in commercial sectors, food processing industry, HoReCa and household sectors. UCO is commonly incorporated in animal feed, oleochemicals and biofuels. Generally considered a waste product, UCO is refined to repurpose it as a useful product for fuel and other industries. Some other applications of UCO include unclogging kitchen pipes, creating renewable energy, reducing greenhouse gas emissions, and protecting local sewer lines at cost-effective rates.

India Used Cooking Oil Market Trends:

The widespread adoption of UCO as a feedstock to produce biodiesel is one of the key factors driving the market growth in India. Additionally, biodiesels that are produced using waste cooking oil have a lower carbon footprint and release lesser amount of carbon monoxide, thus supporting the market growth. In line with this, the increasing consumer awareness about ecological sustainability and rising concerns regarding high carbon emission levels from conventional fuels are favoring the demand for clean and renewable fuel alternatives, which is further bolstering the UCO market growth. Apart from this, the increasing product utilization as an eco-friendly and sustainable substitute of petroleum-based raw materials in the production of oleochemicals is favoring the market growth. Additionally, the significant growth in the food processing industry and the rapid establishment of hotel and restaurant chains that are producing an excessive amount of used cooking oil are positively impacting the market growth. Other factors, including extensive research and development (R&D) activities, widespread product adoption for manufacturing animal feed, and the implementation of various government initiatives promoting the usage of bioenergy to reduce carbon footprints, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market is anticipated to reach a volume of 4.3 Million Tons by 2032, growing at a CAGR of 2.88% during 2024-2032.

Market Summary:

On the basis of the source, the market has been divided into food processing industry, HoReCa, household, and others.
Based on the application, the market has been classified into biodiesel, oleo chemicals, animal feed, and others.
Based on region, the market has been categorized into North, West and Central, South, and East India.
The competitive landscape of the market has been studied in the report, with some 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Tons
Segment Coverage	Source, Application, Region
Region Covered	North India, West and Central India, South India, East India
Companies Covered	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.
Customization Scope	10% Free Customization
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India Used Cooking Oil Market to Reach 4.3 Million Tons by 2032, Impelled by Rising Environmental Consciousness

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