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US Cooking Oils and Fats Market Research Report By Type (Oils and Fats), By Source (Plants and Animals), By Application (Bakery & Confectionery, Convenience Foods, Sauces Spreads & Dressings and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/F-B & N/11314-US | 100 Pages | Author: MRFR Research Team| December 2023

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us cooking oils fats market Overview

The used cooking oil market in North America covers the demand from the United States, Canada, and Mexico. This region is actively working on strategies to combat climate change and limit global warming to below 1.5 degrees Celsius. In the United States, about 33% of all carbon emissions come from the transportation sector. To address this, a program called Clean Fuel Standards (CFS) has been implemented. Under the CFS, producers of oil and gas fuel for road vehicles must purchase credits from cleaner fuel producers, such as those producing biofuels and electric vehicle chargers. The goal is to cut more than half of pollution from this sector by 2030. The CFS started in California, and Canada adopted it in 2022. Canada aims to reduce the carbon intensity of transportation fuels by 13% or more by 2030 compared to 2016 levels.

In addition to the CFS, the United States has the Renewable Fuel Standard policy. This policy mandates manufacturers to incorporate bio-based renewable fuels alongside traditional fuel production. Biodiesel, considered an advanced biofuel, is in demand under this policy. In 2022, the US imported around 530,000 barrels of used cooking oil, indicating a significant interest in low-carbon feedstock. The government's emphasis on climate strategies and its support for biofuels, including biodiesel, are expected to create more opportunities for manufacturers in the region between 2022 and 2030. These initiatives not only contribute to environmental sustainability but also foster the growth of industries focused on cleaner and more sustainable fuel alternatives. Such efforts align with the global goal of reducing carbon emissions and transitioning towards a more eco-friendly and sustainable future.

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