During the two years, consumer psychology has shifted a lot. People have started giving significant importance to eco-friendly practices and sustainability. Hence brand consumption patterns have changed. However, there’s more to this change than just about the brands. It’s also about increasing awareness about how we eat, what we eat, how we recycle, and the circular economy.
Let’s briefly examine some food and oil-related sustainability trends and then also examine in detail how Used Cooking Oil can contribute to a circular economy. Some of these trends are:
- Increasing legislative control on companies’ disclosure of climate/emissions risk.
- ‘Net-zero’ to be replaced by ‘Climate Positive’ by companies.
- Sustainable Restaurant menus and upcycling of food.
- Increased preference for urban farming.
- Increase in biofuel (especially biodiesel) manufacturing initiatives.
Companies around the world are increasingly shifting their focus from converting their net-zero initiatives to being climate-positive. Whether it is by reducing their emission output significantly, or it is by eliminating it entirely, businesses are heavily investing in their environmental responsibility.
The governments have also started imposing strict guidelines on the disclosure of environmental risks by businesses. An increasing number of business domains are now coming under the purview of environmental legislation.
Businesses, governments, and people are no longer satisfied with simply being carbon-neutral anymore. Instead, they want to take additional steps and entirely remove greenhouse gas emissions. Another step in this direction is to opt for recycling food waste, and ensuring that the waste doesn’t enter the food value chain again.
It’s not just urban farming that’s becoming a new trend. Even the food and beverage industry is changing significantly. On one hand, restaurants and Food Business Operators are increasingly shifting their focus to food upcycling (thus using the product for varied preparations). On the other, they are emphasizing sustainable menus.
Fried foods are fast going out of the menu cards, partly because UCO disposal and repurposing is a responsibility. Partly also because the consumer today is aware of the health risk that UCO poses, due to repeated use of the oil for deep frying.
UCO collection and aggregation is not just something the agencies do anymore. It’s also become the responsibility of the biodiesel manufacturer. The constant emphasis on the promotion of biodiesel as an alternative to petroleum oil is also a trend that is picking up significantly. This is not to say that there are no other alternatives to cleaner energy.
As the biodiesel industry is expected to grow globally despite Covid by at least 7-8 %, it is obvious that new players are also entering the market. The trend to create sustainable businesses is also responsible for companies stepping into the energy, biofuels, agribusinesses, and sustainability sector.
As the world becomes increasingly eco-conscious, companies like ARIS and others in the industry shall also strive to partner with other industries and contribute to a cleaner world. So, if you’re looking for a strategic partner related to the Used Cooking Oil and BioDiesel industry, drop us a message and we will get in touch!
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