In Delaware, Global Market Insights reported that the used cooking oil market valuation is predicted to exceed $10.9 billion by 2032.
“The market is expanding due to the rising demand for sustainable solutions, with biodiesel production being one of the key applications. As an eco-friendly energy source, biodiesel made from used cooking oil market contributes to waste reduction and supports recycling efforts. Beyond biodiesel, used cooking oil is also finding increased use in animal feed, cosmetics, and various industrial applications,” the report said.
The report noted that the used cooking oil market was valued at $2.7 billion in 2023, with an anticipated CAGR of 5.9% through 2032.
“China used cooking oil market was valued at $2.2 billion in 2023 and is expected to grow at a 5.7% CAGR through 2032,” the report added.
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