used cooking oil market Demand, Growth, Price, Global Industry Analysis 2023-2028
IMARC Group, a leading market research company, has recently releases report titled, " Used Cooking Oil Market : Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028 ", the global used cooking oil market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. What is Used cooking oil? Used cooking oil (UCO) refers to waste vegetable or residual oils produced from hotels, restaurants, cafés (HoReCa), food processing sectors, and households. This leftover cooking oil is primarily acquired from olive, corn, canola, soy oils, palm, sunflower, and animal fats. It is environment-friendly, cost-effective, and can be recycled and processed in bulk quantities. As a result, UCO finds extensive applications in biodiesel production, oleochemicals, soaps, hydrogenated vegetable oils (HVO), industrial greases, animal feed, paint remover, sha