According to the latest report by IMARC Group, titled “India Used Cooking Oil Market Growth, Size, Share, Industry Trends, Opportunity and Forecast 2022-2027“, 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.
Used cooking oil (UCO), also known as waste vegetable oil, is residual fat and oil obtained post food preparation in the commercial, household, hotels, restaurants, and cafes (HoReCa) sectors. It includes sunflower, palm, rape, soy, corn, canola, olive, and other mixed composition oils. UCO is obtained from wastewater treatment plants as a non-hazardous material. As a result, it finds applications as biofuels for power generation and heating, animal feeds and additives, and others.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Used Cooking Oil Market Trends and Drivers:
The India used cooking oil market is primarily driven by the significant growth of the food processing industry. Besides this, the rising number of hotels and restaurant chains due to the changing dietary preferences and fast paced lifestyles of individuals is also fueling the market growth.
In addition, the Government of India is implementing initiatives to promote renewable energy sources, such as biofuels, and reduce high carbon emission levels. Consequently, UCO is gaining popularity across India as a cost-effective and eco-friendly solution.
Furthermore, extensive investments in research and development (R&D) activities to produce high-quality refined oil from used cooking oil is anticipated to facilitate the market growth in the upcoming years.
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.
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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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
Market 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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