Australia Used Cooking Oil Market Research Report Information By Source (Food Manufacturers, HORECA, Household, and Others), by Application (Biodiesel, Oleochemical Products, Animal Feed, and Others) - Forecast Till 2032

Australia Used Cooking Oil Market Overview

Australia Used Cooking Oil Market Size was valued at USD 68.86 million in 2022. The Australia Used Cooking Oil market industry is projected to grow from 2022 to USD 104.09 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.26% during the forecast period (2023 - 2032). The used cooking oil (UCO) market in Australia is witnessing significant growth driven by various factors such as increasing environmental consciousness, rising demand for sustainable fuel alternatives, and government initiatives promoting renewable energy sources. The market is poised for expansion as stakeholders across industries recognize the potential of UCO as a valuable resource for biodiesel production and waste reduction. The Australian used cooking oil market has emerged as a vital sector within the broader culinary and renewable energy landscape. Used cooking oil refers to oil that has been utilized for frying or cooking purposes and is no longer suitable for consumption due to degradation or contamination. However, rather than being discarded as waste, used cooking oil presents an opportunity for recycling and repurposing into valuable resources such as biodiesel, animal feed, and renewable energy.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Australia Used Cooking Oil Market Trends

• Increasing Demand for Biodiesel

The demand is rising for cleaner and renewable energy sources because of growing awareness of environmental sustainability and the need to reduce carbon footprints. The goals for environmentally friendly are met by biodiesel made from used cooking oil which makes it an attractive replacement for standard fossil fuels. The demand for biodiesel produced from waste cooking oil is increasing and that results in supportive government policies and laws advocating its use. The market is further stimulated by mandates as well as subsidies, and incentives for blending biodiesel with conventional diesel. The need for biodiesel, which includes gasoline made from used cooking oil, reflects a larger worldwide movement away from reliance on conventional fossil fuels. Because it promotes a circular economy and reduces greenhouse gas emissions biodiesel is thought to be a more environmentally responsible choice. The conversion of used cooking oil into superior biodiesel is now more economical and efficient thanks to ongoing developments in biodiesel production methods. These improvements support biodiesel financial viability as an environmentally friendly fuel source. Companies are using biodiesel more and more in their operations as part of larger corporate sustainability initiatives particularly in the transportation and logistics sectors. This includes commitments to use renewable energy sources and lessen their activities total environmental impact. Consumer preferences are being influenced by growing public understanding of traditional fuels adverse environmental impacts. The demand for biodiesel is being fueled by individual and businesses in constant search for more sustainable and friendly to the environment alternatives. Collaboration between important parties has made the supply chain more efficient and integrated. These parties include manufacturers of biodiesel, collectors of spent cooking oil and regulatory agencies. This partnership guarantees a consistent and dependable supply of used cooking oil for the manufacturing of biodiesel.

Australia Used Cooking Oil by Source Insights

The Australia Used Cooking Oil market segmentation, based on the source, the market has been segmented into food manufacturers, HORECA, household and others. Among them, HORECA segment is the largest segment of the market accounting for 56.33% of the Australian market in 2022. The HORECA sector represents a cornerstone of the Australian hospitality industry, encompassing hotels, restaurants, cafes, bars, and catering services. Within this segment, used cooking oil plays a pivotal role in culinary operations, serving as a primary medium for frying, sautéing, and flavoring various dishes. With Australia's thriving culinary scene and the growing demand for diverse cuisines, HORECA establishments generate substantial volumes of used cooking oil daily. Effective management of used cooking oil is imperative for HORECA businesses to uphold hygiene standards, ensure operational efficiency, and comply with environmental regulations. Consequently, partnerships with reputable waste management companies for the collection, recycling, and repurposing of used cooking oil have become increasingly prevalent across the HORECA landscape, aligning with sustainability objectives and consumer preferences for eco-conscious practices.

Figure 1: Australia Used Cooking Oil Market, by Source, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Australia Used Cooking Oil Application Insights

The Australia Used Cooking Oil market segmentation, based on application, the used cooking oil market has segmented into biodiesel, oleochemical products, animal feed and others). Biodiesel segment held the largest market share (79.35%) in 2022. In the biodiesel segment, Australia's consumption reflects a notable trend in the utilization of used cooking oil (UCO) as a feedstock for biodiesel production. Despite not engaging in significant import or export activities related to biodiesel in 2022, Australia witnessed a substantial increase in domestic consumption. Consumption figures rose from 10 million liters in 2022 to 15 million liters in 2021, indicating a growing demand for biodiesel within the country. This increase in consumption underscores several key factors driving the adoption of biodiesel derived from used cooking oil. Firstly, biodiesel offers a renewable and environmentally sustainable alternative to conventional fossil fuels, aligning with Australia's commitment to reducing greenhouse gas emissions and transitioning towards cleaner energy sources. By utilizing UCO as a feedstock, biodiesel production contributes to the circular economy by repurposing waste materials and minimizing environmental impact.

Figure 2: Australia Used Cooking Oil Market, by application, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Australia Used Cooking Oil Key Market Players & Competitive Insights

The Australia used cooking oil market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and best-quality used cooking oil to sustain their presence in an intensely competitive market environment.

Key Companies in the Australia Used Cooking Oil market include

• Darling Ingredients Inc (US)


• Auscol (Australia)


• OZ Oils PTY. Ltd (Australia)


• Revive Oils Pty Ltd (Australia)


• Baker commodities Inc. (US)


• Veolia Environment S.A. (France)


• Greenlife oil holdings (Australia)


• Argent Energy (UK)


• Olleco ltd. (UK)


• Brocklesby Limited (UK)

Australia Used Cooking Oil Industry Developments

There have been no recent developments by the company in the Australia used cooking oil market.

Australia Used Cooking Oil Market Segmentation:

Australia Used Cooking Oil Source Outlook

• Food Manufacturers


• HORECA


• Household


• Others

Australia Used Cooking Oil Application Outlook

• Biodiesel


• Oleochemical Products


• Animal Feed


• Others