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KSA Used Cooking Oil Market Research Report Forecast to 2030

Market Overview

The KSA used cooking oil is projected to witness significant growth during the review period, exhibiting a CAGR of 4.35%. The market was estimated to be USD 25.54 million in 2022 and is expected to reach a value of USD 35.82 million by the end of the forecast period (2022-2030).

UCOs are fats and oils which have been used for frying or cooking in the fast food and restaurant sectors, as well as at the consumer level in homes. They are categorized as Municipal Wastes from home waste and comparable commercial, industrial, and institutional wastes. "UCO" refers to fats and oils used for frying or cooking that come from commercial or industrial food processing activities, including restaurants. Only fats, oils, or greases that have previously been used for cooking or frying operations may be present in feedstock that is characterized as UCO.

The increasing government initiatives from government for waste management has been growing, hence the corporate and industrial companies are further concentrating on the recycling processes. Additionally, growing usage of the cooking oil in manufacturing of biofuel has enlarged these days. Key players operating in the used cooking oil collection and recycling process has been constantly focusing on the development for saving the environment. However, inappropriate disposal of UCO leads to contamination of the ecosystem.

Market Segmentation

According to the source, the market for used cooking oil has been broken down into sectors for food manufacturers, HoReCa, households, and others. The food HoReCa segment represented a market share of 57.28% in 2022 and is anticipated to expand at a CAGR of 4.04% during the upcoming years. In 2022, the food manufacturers category held the second-largest share of 31.99%. During the anticipated period, the household segment is anticipated to experience the highest CAGR of 6.87%.

The used cooking oil market by application has been split into biodiesel, oleochemical goods, animal feed, and other uses based on application. The largest segment, which had a share of 78.46% in 2022 and is anticipated to increase at a rate of 4.31% over the forecast period, is biodiesel. In 2022, the oleochemicals category held the second-largest share of 13.29%. During the projection period, the oleochemicals segment is anticipated to experience the highest CAGR of 5.07%, owing to its continued rising usage in manufacturing of oleochemical products.

Major Players

Green Lighthouse Trading Est. Mawarid Makkah Trading, Company LL, Oil Hunters, Tadweer, Saudi biodiseal and Veolia are the players dominating the KSA used cooking oil market.