Europe Used Cooking Oil Market

Europe Used Cooking Oil Market Size (2024 to 2029)

Europe Used Cooking Oil Market Size is expected to be at USD 1.92 billion in 2024 to grow USD 2.35 billion by 2029, growing with a CAGR of 4.09% from period 2024 to 2029.

Used cooking oil is used for a variety of purposes such as biological lubricants, hydrogen gas production, gardening, grease, and cosmetics. It is also used in the production of heat and electricity in residential and hotel areas due to its low carbon content and it also has a lower carbon footprint on the environment. Used cooking oil is also used in vegetable oil filtration and degumming plants. The collection of used cooking oil is also gaining importance in the market and is a good source of income as large companies embark on this process. Additionally, government agencies are taking initiatives to collect used oil from various sources and reuse it for better application.

The Europe Used Cooking Oil Market is expected to expand at a significant growth rate during the forecast period. The expansion of the world market can be attributed to the growing demand for biofuels in developing and developed economies. The increase in the number of hotels, fried food product corners, there is huge potential as a source of used cooking oil in large cities, increasing the market demand for used cooking oil. Used cooking oil can be beneficial for the production of biofuels, heat and energy, which will promote the growth of the world market for used cooking oil. On the other hand, used cooking oil is also used to produce grease and manufacturing industries will benefit on a larger scale, thus promoting the growth of the used cooking oil market. However, in small hotels and on street corners, with increasing theft of used cooking oil and less awareness, the market for used cooking oil is small. Government agencies are promoting knowledge of the applications and benefits of used cooking oil around the world, helping the market to grow, but due to various strict regulations for collecting used cooking oil, people become less conscious and therefore hinders the growth of the used kitchen. Petroleum.

IMPACT OF COVID-19 ON EUROPE USED COOKING OIL MARKET

COVID-19 is an unrivaled global public health emergency that has affected nearly every industry, so long-term effects are expected to affect industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure that the underlying issues of COVID-19 and possible future pathways are included. The report provides insights on COVID-19 taking into account changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and major interventions. The updated study provides information, analysis, estimates and forecasts, considering the impact of COVID-19 on the Europe Used Cooking Oil Market.

This Research Report on Europe Used Cooking Oil Market is segmented and sub segmented into following categories

Europe Used Cooking Oil Market By Source  

• Household
• Food Services

Europe Used Cooking Oil Market By Application  

• Industry Usage
• Animal Feed
• Others

Europe Used Cooking Oil Market By Region

• United Kingdom
• German
• France
• Italy
• Spain
• the rest of Europe

The market for Europe Used Cooking Oil has been classified on the basis of geography to offer a clear understanding of the market. The Europe Used Cooking Oil Market has been divided into United Kingdom, Germany, France, Italy, Spain and the rest of Europe. Europe had the highest market share in 2018. Germany is expected to continue to dominate the market in this region during the forecast period. The Dutch market is expected to experience a growth rate of 4.15% from 2019 to 2025. This is due to growing environmental concerns and favorable government regulations for the production of second-hand fuels, including the production of biodiesel mainly from gasoline, used cooking oil. For example, in the UK, 89% of the feedstock used to produce biodiesel for transport is derived from used cooking oil (UCO). Therefore, this factor contributes to the growth of the market in Europe.

KEY PLAYERS IN EUROPE USED COOKING OIL MARKET

The Europe Used Cooking Oil Market is concentrated with well-established players. Key players in the Europe Used Cooking Oil Market include ABP Food Group, Baker Commodities Inc., MBP Solutions Ltd., Arrow Oils Ltd, Brocklesby Limited, GREASECYCLE, Grand Natural Inc., Waste Oil Recyclers, Olleco, and others.

RECENT HAPPENINGS IN THE MARKET

• Darling International Inc. has completed the acquisition of VION Ingredients, a division of VION Holding NV (a member of VION Food Group), for approximately $ 1.6 billion in cash. VION Ingredients is a world leader in the development and production of specialty animal ingredients for applications in pharmaceuticals, food, feed, pet food, fertilizers and bioenergy. Headquartered in Son in Breugel, the Netherlands, VION Ingredients' global network of facilities on five continents covers all aspects of animal by-product processing through six brands including Rendac (processing), Sonac (protein, fat, fat groceries and blood products), Ecoson (green energy), Rousselot (gelatin), CTH (natural guts) and Best Hides (skins).
• Liquid Environmental Solutions has acquired the assets of Value Stream Environmental Services, a leading provider of grease traps and used cooking oil recycling services in Arkansas. Terms of the transaction were not disclosed. Little Rock-based Value Stream expands Liquid's ability to serve customer sites throughout Arkansas, providing grease trap and used cooking oil (UCO) recycling service for restaurants and utility foods.
• Renewable Energy Group, Inc. announced today that its wholly owned subsidiary has completed the acquisition of IC Green Energy's (ICG) majority stake in German biodiesel producer Petrotec AG. The REG subsidiary also purchased the ICG loan from Petrotec AG for approximately US $ 15.4 million. REG European Holdings B.V. intends to make a cash tender offer in the coming weeks for all other Petrotec shares at a price not less than the value per share received by ICG.