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Report
KSA Used Cooking Oil Market Research Report Forecast to 2030
Market Report I 2023-10-24 I 67 Pages I Market Research Future
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.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 10
1.1 KSA USED COOKING OIL, BY SOURCE 12
1.2 KSA USED COOKING OIL, BY APPLICATION 13
2 MARKET INTRODUCTION 14
2.1 DEFINITION 14
2.2 SCOPE OF THE STUDY 14
2.3 RESEARCH OBJECTIVE 14
2.4 MARKET STRUCTURE 15
3 RESEARCH METHODOLOGY 16
3.1 RESEARCH PROCESS 16
3.2 PRIMARY RESEARCH 17
3.3 SECONDARY RESEARCH 18
3.4 MARKET SIZE ESTIMATION 19
3.5 FORECAST MODEL 20
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 21
4 MARKET DYNAMICS 22
4.1 INTRODUCTION 22
4.2 DRIVERS 23
4.2.1 GROWING USAGE OF USED COOKING OIL IN THE MANUFACTURING OF BIOFUELS 23
4.2.2 INCREASING GOVERNMENT INITIATIVES FOR WASTE MANAGEMENT 23
4.2.3 DRIVER IMPACT ANALYSIS 24
4.3 RESTRAINTS 24
4.3.1 INAPPROPRIATE DISPOSAL OF UCO LEADS TO CONTAMINATION OF THE ECOSYSTEM 24
4.3.2 RESTRAINT IMPACT ANALYSIS 25
4.4 OPPORTUNITIES 26
4.4.1 IMPROVING ANIMAL FEED INDUSTRY ACROSS THE COUNTRY 26
4.4.2 BOOSTING HORECA INDUSTRY 26
4.5 CHALLENGES 27
4.5.1 LACK OF ORAGNIZATION IN THE MARKET 27
5 MARKET FACTOR ANALYSIS 28
5.1 VALUE CHAIN ANALYSIS 28
5.1.1 RAW MATERIAL PROCUREMENT 29
5.1.2 PROCESSING 30
5.1.2.1 PROCESSING AT RECYCLING UNIT 30
5.1.2.2 TRANSPORTING THE OIL 30
5.1.2.3 CONVERSION TO BIODIESEL 30
5.1.3 PACKAGING 30
5.2 SUPPLY CHAIN ANALYSIS 31
5.2.1 RAW MATERIALS SOURCING 32
5.2.2 PROCESSING 32
5.2.3 DISTRIBUTION 32
5.2.4 END-USER 32
5.3 PORTER'S FIVE FORCES MODEL 33
5.3.1 THREAT OF NEW ENTRANTS 33
5.3.2 BARGAINING POWER OF SUPPLIERS 34
5.3.3 THREAT OF SUBSTITUTES 34
5.3.4 BARGAINING POWER OF BUYERS 34
5.3.5 INTENSITY OF RIVALRY 34
5.4 COVID-19 IMPACT ANALYSIS 35
5.4.1 IMPACT ON SUPPLY CHAIN 35
5.4.2 IMPACT ON SUPPLY CHAIN 36
5.4.3 IMPACT ON APPLICATION AREAS 37
5.5 UCO COLLECTION NETWORK REQUIREMENTS IN SAUDI ARABIA 38
5.5.1 LAWS & REGULATIONS 38
5.5.2 PERMITS & LICENSES 38
5.5.2.1 PERMITS 38
5.5.2.2 LICENSES 39
5.5.3 ANALYSIS ON COLLECTION OF USED COOKING OIL 39
5.5.3.1 PROFITABLE MINIMUM COLLECTION 39
5.5.3.2 PRICE TO EXPECT PER TON OF USED COOKING OIL 39
5.5.3.3 NECESSITY BEFORE SELLING TO CUSTOMERS 39
5.5.3.4 REQUIRED MANPOWER 39
5.5.3.5 COLLECTION PERIOD 39
5.5.3.6 COLLECTION SCHEMES 40
5.5.3.7 COLLECTION SYSTEM 40
5.5.3.8 COLLECTION METHOD 41
5.5.4 PAIN-POINTS IN CURRENT COLLECTION SYSTEMS 41
5.5.5 CONSUMED OIL RECOVERY FROM B2B AND B2C 42
5.5.6 FRACTIONED COOKING OIL MARKET (RECOVERED FROM UCO), USD MILLION, 2020-2030 42
5.5.7 PRICING ANALYSIS OF BUYING USED COOKING OIL FROM DIFFERENT OUTLETS 43
5.5.8 NUMBER OF OUTLETS 43
5.5.9 IMPORTS/EXPORTS ANALYSIS 44
5.5.10 COUNTRY ECONOMIC INDICATORS 45
6 KSA USED COOKING OIL MARKET, BY SOURCE (SUPPLY POTENTIAL) 46
6.1 OVERVIEW 46
6.1.1 KSA USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2020-2030 47
6.2 FOOD MANUFACTURERS 47
6.3 HORECA 47
6.4 HOUSEHOLD 48
6.5 OTHERS 48
7 KSA USED COOKING OIL MARKET, BY APPLICATION (DEMAND) 49
7.1 OVERVIEW 49
7.1.1 KSA USED COOKING OIL MARKET DEMAND ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 50
7.2 BIODIESEL 50
7.3 OLEOCHEMICAL PRODUCTS 50
7.4 ANIMAL FEED 51
7.5 OTHERS 51
7.6 MRFR POINT OF VIEW 51
8 COMPETITIVE LANDSCAPE 53
8.1 INTRODUCTION 53
8.1.1 MARKET STRATEGY ANALYSIS 53
8.2 COMPETITIVE BENCHMARKING 53
8.2.1 INTRODUCTION 53
8.2.2 PRODUCT PORTFOLIO 54
8.2.3 REGIONAL PRESENCE 54
8.2.4 STRATEGIC ALLIANCES 54
8.2.5 INDUSTRY EXPERIENCES 54
9 COMPANY PROFILES 55
9.1 VEOLIA 55
9.1.1 COMPANY OVERVIEW 55
9.1.2 FINANCIAL OVERVIEW 56
9.1.3 SERVICES OFFERED 56
9.1.4 KEY DEVELOPMENTS 57
9.1.5 SWOT ANALYSIS 57
9.1.6 KEY STRATEGIES 57
9.2 GREEN LIGHTHOUSE TRADING EST. 58
9.2.1 COMPANY OVERVIEW 58
9.2.2 FINANCIAL OVERVIEW 58
9.2.3 KEY DEVELOPMENTS 58
9.2.4 SWOT ANALYSIS 59
9.2.5 KEY STRATEGIES 59
9.3 MAWARID MAKKAH TRADING COMPANY LLC 60
9.3.1 COMPANY OVERVIEW 60
9.3.2 FINANCIAL OVERVIEW 60
9.3.3 SERVICES OFFERED 60
9.3.4 KEY DEVELOPMENTS 60
9.3.5 SWOT ANALYSIS 61
9.3.6 KEY STRATEGIES 61
9.4 OIL HUNTERS 62
9.4.1 COMPANY OVERVIEW 62
9.4.2 FINANCIAL OVERVIEW 62
9.4.3 SERVICES OFFERED 62
9.4.4 KEY DEVELOPMENTS 62
9.4.5 KEY STRATEGIES 62
9.5 TADWEER WASTE TREATMENT LLC. 63
9.5.1 COMPANY OVERVIEW 63
9.5.2 FINANCIAL OVERVIEW 63
9.5.3 SERVICES OFFERED 63
9.5.4 KEY DEVELOPMENTS 63
9.5.5 KEY STRATEGIES 63
9.6 SAUDI BIODISEAL. 64
9.6.1 COMPANY OVERVIEW 64
9.6.2 FINANCIAL OVERVIEW 64
9.6.3 SERVICES OFFERED 64
9.6.4 KEY DEVELOPMENTS 64
9.6.5 KEY STRATEGIES 64
10 APPENDIX 65
10.1 REFERENCES 65
10.2 RELATED REPORTS 66
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LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 17
TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 21
TABLE 3 UCO COLLECTION SCHEMES 40
TABLE 4 UCO (%) WHICH HAS BEEN CONVERTED TO FCO, 2022* 42
TABLE 5 PRICING ANALYSIS, 2022* 43
TABLE 6 NUMBER OF OUTLETS 43
TABLE 7 SAUDI ARABIA'S EXPORTS TO WORLD (USD THOUSAND) 44
TABLE 8 SAUDI ARABIA'S IMPORTS FROM WORLD (USD THOUSAND) 44
TABLE 9 KSA USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2020-2030 (USD MILLION) 47
TABLE 10 KSA USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2020-2030 (KILO TONS) 47
TABLE 11 KSA: MARKET DEMAND ESTIMATES, BY APPLICATION, 2020-2030 (USD MILLION) 50
TABLE 12 KSA: MARKET DEMAND ESTIMATES, BY APPLICATION, 2020-2030 (KILO TONS) 50
TABLE 13 VEOLIA: SERVICES OFFERED 56
TABLE 14 GREEN LIGHTHOUSE TRADING EST: SERVICES OFFERED 58
TABLE 15 MAWARID MAKKAH TRADING COMPANY LLC.: SERVICES OFFERED 60
TABLE 16 OIL HUNTERS: SERVICES OFFERED 62
TABLE 17 TADWEER WASTE TREATMENT LLC: SERVICES OFFERED 63
TABLE 18 SAUDI BIODISEAL: SERVICES OFFERED 64
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LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 11
FIGURE 2 KSA USED COOKING OIL ANALYSIS BY SOURCE (SUPPLY POTENTIAL) 12
FIGURE 3 KSA USED COOKING OIL ANALYSIS BY APPLICATION (DEMAND) 13
FIGURE 4 KSA USED COOKING OIL: STRUCTURE 15
FIGURE 5 RESEARCH PROCESS 16
FIGURE 6 TOP-DOWN & BOTTOM-UP APPROACHES 19
FIGURE 7 MARKET DYNAMIC ANALYSIS OF THE KSA USED COOKING OIL MARKET 22
FIGURE 8 DRIVER IMPACT ANALYSIS 24
FIGURE 9 RESTRAINT IMPACT ANALYSIS 25
FIGURE 10 NUMBER FARM LIVESTOCK IN SAUDI ARABIA IN 2019 26
FIGURE 11 RESTAURANTS IN RIYADH, SAUDI ARABIA AS OF 2020 27
FIGURE 12 VALUE CHAIN: KSA USED COOKING OIL MARKET 29
FIGURE 13 KSA USED COOKING OIL MARKET: SUPPLY CHAIN ANALYSIS 31
FIGURE 14 PORTER'S FIVE FORCES ANALYSIS OF THE KSA USED COOKING OIL MARKET 33
FIGURE 15 IMPACT OF THE COVID-19 OUTBREAK ON KSA USED COOKING OIL MARKET 35
FIGURE 16 KSA USED COOKING OIL MARKET: SUPPLY CHAIN 35
FIGURE 17 KSA USED COOKING OIL MARKET: IMBALANCE OF SUPPLY/DEMAND 37
FIGURE 18 PREFERRED COLLECTION METHODS 41
FIGURE 19 BARRIERS TO UCO RECYCLING 41
FIGURE 20 OIL RECOVERY FROM B2B AND B2C, 42
FIGURE 21 KSA USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2022 (% SHARE) 46
FIGURE 22 KSA USED COOKING OIL MARKET SUPPLY POTENTIAL, BY SOURCE, 2020-2030 (USD MILLION) 46
FIGURE 23 KSA USED COOKING OIL MARKET DEMAND, BY APPLICATION, 2022 (% SHARE) 49
FIGURE 24 KSA USED COOKING OIL MARKET DEMAND, BY APPLICATION, 2020-2030 (USD MILLION) 49
FIGURE 25 BENCHMARKING OF MAJOR COMPETITORS 53
FIGURE 26 VEOLIA: FINANCIAL OVERVIEW SNAPSHOT 56
FIGURE 27 VEOLIA: SWOT ANALYSIS 57
FIGURE 28 GREEN LIGHTHOUSE TRADING EST: SWOT ANALYSIS 59
FIGURE 29 MAWARID MAKKAH TRADING COMPANY LLC.: SWOT ANALYSIS 61
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