Vietnam Used Cooking Oil Market

Vietnam Used Cooking Oil Market Overview:

The Vietnam used cooking oil market size reached USD 35.00 Million in 2024. The market is projected to reach USD 60.76 Million by 2033, exhibiting a growth rate (CAGR) of 5.67% during 2025-2033. Government and private stakeholders in the country are promoting sustainable tourism, encouraging proper waste management practices, including the responsible disposal and reutilization of used cooking oil. Besides this, the increased presence of retail food services in urban and suburban areas is contributing to the expansion of the Vietnam used cooking oil market share.

Vietnam Used Cooking Oil Market Trends:

Increasing tourism activities

Rising tourism activities are offering a favorable market outlook in Vietnam. According to industry reports, Vietnam saw a 17.1% year-on-year increase in international arrivals, reaching 1.46 Million in June 2025, up from a 10.5% growth in May. As tourism activities are rising, there is a parallel surge in the number of hotels, restaurants, resorts, and street food vendors catering to both domestic and international visitors. These establishments rely heavily on cooking oil for preparing a wide variety of local and international cuisines, resulting in a substantial output of used cooking oil. The higher volume of food preparation, especially in tourist hotspots, such as Hanoi, Ho Chi Minh City, Da Nang, and coastal regions, leads to increased quantities of waste oil that need proper disposal. This creates an opportunity for collection and recycling businesses to tap into a steady and expanding source of used cooking oil. Additionally, government and private stakeholders are promoting sustainable tourism, encouraging proper waste management practices, including the responsible disposal and reutilization of used cooking oil. As a result, rising tourism activities are not only contributing to economic growth but also fueling the broadening of the used cooking oil market through increased availability, structured collection, and increasing awareness about sustainable waste handling practices.

Broadening of retail outlets

The expansion of retail channels is fueling the Vietnam used cooking oil market growth. According to the IMARC Group, the Vietnam retail market was valued at USD 298.2 Billion in 2024. As supermarkets, hypermarkets, and convenience stores continue to broaden, many are integrating in-house bakeries, delis, and food courts that prepare fried and ready-to-eat (RTE) meals, which rely heavily on cooking oil. This expansion is leading to a steady and widespread generation of used cooking oil, creating a reliable supply stream for recycling and biodiesel production. Additionally, large retail chains are being encouraged to adopt environmentally responsible practices as part of their corporate sustainability strategies. As a result, many retail businesses are entering into agreements with waste management companies to ensure proper collection and disposal of used cooking oil. This is supporting the growth of an organized and efficient collection infrastructure. Furthermore, the increased presence of retail food services in urban and suburban areas ensures that used cooking oil is generated consistently and in larger volumes, which enables greater investments in logistics and processing technologies. Overall, as retail establishments are diversifying their food offerings, they are significantly contributing to the supply and structured handling of used cooking oil, thereby strengthening Vietnam’s circular economy and renewable fuel initiatives.

Vietnam Used Cooking Oil Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on source and application.

Source Insights:

• Food Processing Industry
• HoReCa
• Household
• Others

The report has provided a detailed breakup and analysis of the market based on the source. This includes food processing industry, HoReCa, household, and others.

Application Insights:

• Biodiesel
• Oleochemicals
• Animal Feed
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes biodiesel, oleochemicals, animal feed, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Used Cooking Oil Market News:

• In August 2025, ENI representatives revealed intentions to broaden its investments and collaborations with local partners in Vietnam, in alignment with the nation's green transition, especially in carbon capture, utilization, and storage (CCUS). They emphasized their desire to enhance strategic collaboration in the bioenergy field, particularly through initiatives that make use of agricultural and forestry by-products like used cooking oil, cashew shell oil, and oilseed crops.
• In November 2024, Lootah Biofuels, a leader in the circular economy that produced biofuels from used cooking oils, unveiled talks about a possible alliance with SAVICO Group, one of Vietnam’s major firms in green technology and renewable energy. They aimed to deepen their partnership to contribute to advancing sustainable energy solutions. Lootah Biofuels' application of cooking oils provided the greatest carbon reduction among biodiesel feedstocks and improved vehicle performance with excellent lubricants that refined engine longevity.

Vietnam Used Cooking Oil Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam used cooking oil market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam used cooking oil market on the basis of source?
• What is the breakup of the Vietnam used cooking oil market on the basis of application?
• What is the breakup of the Vietnam used cooking oil market on the basis of region?
• What are the various stages in the value chain of the Vietnam used cooking oil market? 
• What are the key driving factors and challenges in the Vietnam used cooking oil market?
• What is the structure of the Vietnam used cooking oil market and who are the key players?
• What is the degree of competition in the Vietnam used cooking oil market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam used cooking oil market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam used cooking oil market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam used cooking oil industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.