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Report

Australia Used Cooking Oil Market Research Report Forecast to 2032

Market Report I 2024-04-18 I 83 Pages I Market Research Future

Australia Used Cooking Oil Market Research Report Forecast to 2032

Market Overview
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.
One of the primary drivers behind the growth of the UCO market in Australia is the growing awareness of environmental sustainability among consumers, businesses, and policymakers. With concerns about climate change and pollution mounting, there is a heightened emphasis on reducing carbon footprints and embracing eco-friendly practices. This shift in approach has led to increased interest in recycling and repurposing used cooking oil, which can significantly mitigate environmental harm and contribute to a more sustainable future.
Moreover, the Australian government's support for renewable energy initiatives and biofuel production has created a conducive environment for the development of the UCO market. Through incentives, subsidies, and regulatory frameworks, policymakers are encouraging investments in the biodiesel sector, thereby stimulating demand for used cooking oil as a feedstock. This proactive approach not only fosters innovation and entrepreneurship but also aligns with broader national goals of reducing dependence on fossil fuels and promoting clean energy alternatives.
The Australia used cooking oil market was valued at USD 68.86 million in 2022 and expected to reach USD 104.09 million by 2032, registering a CAGR of 4.26% over the forecast duration.
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.
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.
Market Overview
Major players are Veolia Environnment S.A., Darling Ingredients Inc., Greenlife Oil Holdings, Auscol, OZ OILS Pty. Ltd, and Revive Oils Pty Ltd.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.5 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
3.1 OVERVIEW 20
3.2 DATA FLOW 22
3.2.1 DATA MINING PROCESS 22
3.3 PURCHASED DATABASE: 23
3.5 SECONDARY SOURCES: 24
3.5.1 SECONDARY RESEARCH DATA FLOW: 25
3.6 PRIMARY RESEARCH: 26
3.6.1 PRIMARY RESEARCH DATA FLOW: 27
3.6.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 28
3.7 APPROACHES FOR MARKET SIZE ESTIMATION: 29
3.7.1 REVENUE ANALYSIS APPROACH 29
3.8 DATA FORECASTING 30
3.8.1 DATA FORECASTING TYPE 30
3.9 DATA MODELING 31
3.9.1 MICROECONOMIC FACTOR ANALYSIS: 31
3.9.2 DATA MODELING: 32
3.10 TEAMS AND ANALYST CONTRIBUTION 33
4 MARKET DYNAMICS 35
4.1 INTRODUCTION 35
4.2 DRIVERS 36
4.2.1 INCREASING AWARENESS OF ENVIRONMENTAL IMPACT AND SUSTAINABILITY PRACTICES 36
4.2.2 GROWING DEMAND FOR BIOFUELS IN TRANSPORTATION AND INDUSTRIAL SECTORS 37
4.3 RESTRAINTS 39
4.3.1 HIGH COSTS ASSOCIATED WITH COLLECTION, TRANSPORTATION, AND RECYCLING PROCESSES 39
4.3.2 COMPETITION FROM ALTERNATIVE FUEL SOURCES AND SUBSTITUTES IN INDUSTRIES 39
4.4 OPPORTUNITY 41
4.4.1 TECHNOLOGICAL ADVANCEMENTS ENHANCING OIL RECYCLING PROCESSES AND EFFICIENCY 41
4.4.2 EXPANDING RESTAURANT INDUSTRY CONTRIBUTING TO HIGHER OIL CONSUMPTION 41
4.5 CHALLENGES 42
4.5.1 ENVIRONMENTAL CONCERNS RELATED TO IMPROPER DISPOSAL METHODS 42
5 MARKET FACTOR ANALYSIS 43
5.1 VALUE CHAIN ANALYSIS 43
5.1.1 COLLECTION AND AGGREGATION 44
5.1.2 PROCESSING AND REFINEMENT 44
5.1.3 PACKAGING AND DISTRIBUTION 45
5.1.4 END-USER 47
5.2 PORTER'S FIVE FORCES MODEL 48
5.2.1 THREAT OF NEW ENTRANTS 48
5.2.2 BARGAINING POWER OF SUPPLIERS 49
5.2.3 THREAT OF SUBSTITUTES 49
5.2.4 BARGAINING POWER OF BUYERS 49
5.2.5 INTENSITY OF RIVALRY 50
5.3 IMPACT ANALYSIS OF COVID-19 50
5.3.1 IMPACT ON SUPPLY CHAIN 50
5.3.2 SUPPLY-DEMAND IMBALANCE 50
5.3.3 PRODUCTION CONSTRAINTS IMPACT ON APPLICATION AREA 50
5.3.4 IMPACT ON APPLICATION AREA 51
5.4 AVERAGE PRICE OF USED COOKING OIL IN AUSTRALIA 51
5.5 MARKET TRENDS OF AUSTRALIA USED COOKING OIL MARKET 51
6 AUSTRALIA USED COOKING OIL MARKET, BY SOURCE 53
6.1 OVERVIEW 53
7 AUSTRALIA USED COOKING OIL MARKET, BY APPLICATION 56
7.1 OVERVIEW 56
8 COMPETITIVE LANDSCAPE 59
8.1 COMPETITIVE OVERVIEW 59
8.2 COMPETITIVE BENCHMARKING 59
8.3 MAJOR PLAYERS IN THE AUSTRALIA USED COOKING OIL MARKET 60
9 COMPANY PROFILES 61
9.1 DARLING INGREDIENTS INC. 61
9.1.1 COMPANY OVERVIEW 61
9.1.2 FINANCIAL OVERVIEW 62
9.1.3 PRODUCTS OFFERED 62
9.1.4 KEY DEVELOPMENTS 62
9.1.5 SWOT ANALYSIS 63
9.1.6 KEY STRATEGIES 63
9.2 AUSCOL 64
9.2.1 COMPANY OVERVIEW 64
9.2.2 FINANCIAL OVERVIEW 64
9.2.3 PRODUCTS/SERVICES OFFERED 64
9.2.4 KEY DEVELOPMENTS 64
9.2.5 SWOT ANALYSIS 65
9.2.6 KEY STRATEGIES 65
9.3 OZ OILS PTY. LTD 66
9.3.1 COMPANY OVERVIEW 66
9.3.2 FINANCIAL OVERVIEW 66
9.3.3 PRODUCTS/SERVICES OFFERED 66
9.3.4 KEY DEVELOPMENTS 66
9.3.5 SWOT ANALYSIS 67
9.3.6 KEY STRATEGIES 67
9.4 REVIVE OILS PTY LTD 68
9.4.1 COMPANY OVERVIEW 68
9.4.2 FINANCIAL OVERVIEW 68
9.4.3 PRODUCTS OFFERED 68
9.4.4 KEY DEVELOPMENTS 68
9.4.5 SWOT ANALYSIS 69
9.4.6 KEY STRATEGIES 69
9.5 BAKER COMMODITIES INC. 70
9.5.1 COMPANY OVERVIEW 70
9.5.2 FINANCIAL OVERVIEW 70
9.5.3 PRODUCTS OFFERED 70
9.5.4 KEY DEVELOPMENTS 70
9.5.5 SWOT ANALYSIS 71
9.5.6 KEY STRATEGIES 71
9.6 VEOLIA ENVIRONNMENT S.A. 72
9.6.1 COMPANY OVERVIEW 72
9.6.2 FINANCIAL OVERVIEW 72
9.6.3 PRODUCTS OFFERED 72
9.6.4 KEY DEVELOPMENTS 73
9.6.5 SWOT ANALYSIS 73
9.6.6 KEY STRATEGIES 73
9.7 GREENLIFE OIL HOLDINGS 74
9.7.1 COMPANY OVERVIEW 74
9.7.2 FINANCIAL OVERVIEW 74
9.7.3 PRODUCTS/SERVICES OFFERED 74
9.7.4 KEY DEVELOPMENTS 74
9.7.5 SWOT ANALYSIS 75
9.7.6 KEY STRATEGIES 75
9.8 ARGENT ENERGY 76
9.8.1 COMPANY OVERVIEW 76
9.8.2 FINANCIAL OVERVIEW 76
9.8.3 PRODUCTS/SERVICES OFFERED 76
9.8.4 KEY DEVELOPMENTS 76
9.8.5 SWOT ANALYSIS 77
9.8.6 KEY STRATEGIES 77
9.9 OLLECO LTD. 78
9.9.1 COMPANY OVERVIEW 78
9.9.2 FINANCIAL OVERVIEW 78
9.9.3 PRODUCTS/SERVICES OFFERED 78
9.9.4 KEY DEVELOPMENTS 78
9.9.5 SWOT ANALYSIS 79
9.9.6 KEY STRATEGIES 79
9.10 BROCKLESBY LIMITED 80
9.10.1 COMPANY OVERVIEW 80
9.10.2 FINANCIAL OVERVIEW 80
9.10.3 PRODUCTS OFFERED 80
9.10.4 KEY DEVELOPMENTS 80
9.10.5 SWOT ANALYSIS 81
9.10.6 KEY STRATEGIES 81
10 APPENDIX 82
10.1 REFERENCES 82
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LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 32
TABLE 2 AVERAGE PRICE PER TON, 2022 51
TABLE 3 AUSTRALIA USED COOKING OIL MARKET, BY SOURCE, 2019-2032 (USD MILLION) 55
TABLE 4 AUSTRALIA USED COOKING OIL MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 58
TABLE 5 MAJOR PLAYERS IN THE AUSTRALIA USED COOKING OIL MARKET 60
TABLE 6 DARLING INGREDIENTS INC.: PRODUCTS OFFERED 62
TABLE 7 AUSCOL: PRODUCTS OFFERED 64
TABLE 8 AUSCOL: KEY DEVELOPMENTS 64
TABLE 9 OZ OILS PTY. LTD: PRODUCTS/SERVICES OFFERED 66
TABLE 10 REVIVE OILS PTY LTD: PRODUCTS OFFERED 68
TABLE 11 BAKER COMMODITIES INC.: PRODUCTS OFFERED 70
TABLE 12 VEOLIA ENVIRONNMENT S.A.: PRODUCTS OFFERED 72
TABLE 13 GREENLIFE OIL HOLDINGS: PRODUCTS/SERVICES OFFERED 74
TABLE 14 ARGENT ENERGY: PRODUCTS/SERVICES OFFERED 76
TABLE 15 OLLECO LTD.: PRODUCTS/SERVICES OFFERED 78
TABLE 16 BROCKLESBY LIMITED: PRODUCTS OFFERED 80
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LIST OF FIGURES
FIGURE 1 AUSTRALIA USED COOKING OIL MARKET: EXECUTIVE SUMMARY 16
FIGURE 2 AUSTRALIA USED COOKING OIL MARKET: STRUCTURE 19
FIGURE 3 AUSTRALIA USED COOKING OIL MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032) 35
FIGURE 4 DRIVER IMPACT ANALYSIS (2023-2032) 38
FIGURE 5 RESTRAINT IMPACT ANALYSIS (2022-2032) 40
FIGURE 6 VALUE CHAIN ANALYSIS OF THE AUSTRALIA USED COOKING OIL MARKET 43
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS: AUSTRALIA USED COOKING OIL MARKET 48
FIGURE 8 AUSTRALIA USED COOKING OIL MARKET, SOURCE SEGMENT ATTRACTIVENESS, 2019-2032 (USD MILLION) 54
FIGURE 9 AUSTRALIA USED COOKING OIL MARKET, BY SOURCE, 2022 & 2032 (USD MILLION) 54
FIGURE 10 AUSTRALIA USED COOKING OIL MARKET SHARE (%), BY SOURCE, 2022 55
FIGURE 11 AUSTRALIA USED COOKING OIL MARKET, APPLICATION SEGMENT ATTRACTIVENESS, 2019-2032 (USD MILLION) 57
FIGURE 12 AUSTRALIA USED COOKING OIL MARKET, BY APPLICATION, 2022 & 2032 (USD MILLION) 57
FIGURE 13 AUSTRALIA USED COOKING OIL MARKET SHARE (%), BY APPLICATION, 2022 58
FIGURE 14 BENCHMARKING OF MAJOR COMPETITORS 59
FIGURE 15 DARLING INGREDIENTS INC.: FINANCIAL OVERVIEW SNAPSHOT 62
FIGURE 16 DARLING INGREDIENTS INC.: SWOT ANALYSIS 63
FIGURE 17 AUSCOL: SWOT ANALYSIS 65
FIGURE 18 OZ OILS PTY. LTD: SWOT ANALYSIS 67
FIGURE 19 REVIVE OILS PTY LTD: SWOT ANALYSIS 69
FIGURE 20 BAKER COMMODITIES INC.: SWOT ANALYSIS 71
FIGURE 21 VEOLIA ENVIRONNMENT S.A.: FINANCIAL OVERVIEW SNAPSHOT 72
FIGURE 22 VEOLIA ENVIRONNMENT S.A.: SWOT ANALYSIS 73
FIGURE 23 GREENLIFE OIL HOLDINGS: SWOT ANALYSIS 75
FIGURE 24 ARGENT ENERGY: SWOT ANALYSIS 77
FIGURE 25 OLLECO LTD.: SWOT ANALYSIS 79
FIGURE 26 BROCKLESBY LIMITED: SWOT ANALYSIS 81

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