Product Code: IRTNTR70569
The biodiesel market is forecasted to grow by USD 16.71 bn during 2023-2028, accelerating at a CAGR of 7.38% during the forecast period. The report on the biodiesel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for algae for production of biodiesel, favorable government policies, and positive impact of biodiesel on environment.
Technavio's biodiesel market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.28% |
CAGR | 7.38% |
Incremental Value | $16.71bn |
By Application
- Transport fuel
- Power generation
- Others
By Type
- Vegetable oil
- Animal fats
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the biofuel from spent bleaching earth as one of the prime reasons driving the biodiesel market growth during the next few years. Also, growing demand for biodiesel in India and expansion of advanced biodiesel will lead to sizable demand in the market.
The report on the biodiesel market covers the following areas:
- Biodiesel market sizing
- Biodiesel market forecast
- Biodiesel market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodiesel market vendors that include Aemetis Inc., Ag Processing Inc., Altenesol LLC, Archer Daniels Midland Co., Argent Energy UK Ltd., AVRIL SCA, Bunge Ltd., Cargill Inc., Chevron Corp., Crimson Renewable Energy LLC, FutureFuel Corp., KFS Biodiesel GmbH and Co. KG, Kotyark Industries Ltd., Louis Dreyfus Co. BV, Munzer Bioindustrie GmbH, Neste Corp., PTT Global Chemical Public Co. Ltd., RB FUELS, Vance Group Ltd., and Wilmar International Ltd.. Also, the biodiesel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global biodiesel market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global biodiesel market 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Transport fuel - Market size and forecast 2023-2028
- Exhibit 34: Chart on Transport fuel - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Transport fuel - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Transport fuel - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Transport fuel - Year-over-year growth 2023-2028 (%)
- 6.4 Power generation - Market size and forecast 2023-2028
- Exhibit 38: Chart on Power generation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Power generation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Power generation - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
- 6.5 Others - Market size and forecast 2023-2028
- Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ billion)
- Exhibit 47: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 48: Chart on Type - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 50: Chart on Comparison by Type
- Exhibit 51: Data Table on Comparison by Type
- 7.3 Vegetable oil - Market size and forecast 2023-2028
- Exhibit 52: Chart on Vegetable oil - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Vegetable oil - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Vegetable oil - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Vegetable oil - Year-over-year growth 2023-2028 (%)
- 7.4 Animal fats - Market size and forecast 2023-2028
- Exhibit 56: Chart on Animal fats - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Animal fats - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Animal fats - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Animal fats - Year-over-year growth 2023-2028 (%)
- 7.5 Others - Market size and forecast 2023-2028
- Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Exhibit 64: Market opportunity by Type ($ billion)
- Exhibit 65: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 Indonesia - Market size and forecast 2023-2028
- Exhibit 91: Chart on Indonesia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Indonesia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Indonesia - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Brazil - Market size and forecast 2023-2028
- Exhibit 99: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 9.11 Thailand - Market size and forecast 2023-2028
- Exhibit 103: Chart on Thailand - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Thailand - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Thailand - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Thailand - Year-over-year growth 2023-2028 (%)
- 9.12 India - Market size and forecast 2023-2028
- Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 Altenesol LLC
- Exhibit 119: Altenesol LLC - Overview
- Exhibit 120: Altenesol LLC - Product / Service
- Exhibit 121: Altenesol LLC - Key offerings
- 12.4 Archer Daniels Midland Co.
- Exhibit 122: Archer Daniels Midland Co. - Overview
- Exhibit 123: Archer Daniels Midland Co. - Business segments
- Exhibit 124: Archer Daniels Midland Co. - Key offerings
- Exhibit 125: Archer Daniels Midland Co. - Segment focus
- 12.5 Argent Energy UK Ltd.
- Exhibit 126: Argent Energy UK Ltd. - Overview
- Exhibit 127: Argent Energy UK Ltd. - Product / Service
- Exhibit 128: Argent Energy UK Ltd. - Key offerings
- 12.6 AVRIL SCA
- Exhibit 129: AVRIL SCA - Overview
- Exhibit 130: AVRIL SCA - Product / Service
- Exhibit 131: AVRIL SCA - Key offerings
- 12.7 Bunge Ltd.
- Exhibit 132: Bunge Ltd. - Overview
- Exhibit 133: Bunge Ltd. - Business segments
- Exhibit 134: Bunge Ltd. - Key news
- Exhibit 135: Bunge Ltd. - Key offerings
- Exhibit 136: Bunge Ltd. - Segment focus
- 12.8 Cargill Inc.
- Exhibit 137: Cargill Inc. - Overview
- Exhibit 138: Cargill Inc. - Product / Service
- Exhibit 139: Cargill Inc. - Key news
- Exhibit 140: Cargill Inc. - Key offerings
- 12.9 Chevron Corp.
- Exhibit 141: Chevron Corp. - Overview
- Exhibit 142: Chevron Corp. - Business segments
- Exhibit 143: Chevron Corp. - Key news
- Exhibit 144: Chevron Corp. - Key offerings
- Exhibit 145: Chevron Corp. - Segment focus
- 12.10 KFS Biodiesel GmbH and Co. KG
- Exhibit 146: KFS Biodiesel GmbH and Co. KG - Overview
- Exhibit 147: KFS Biodiesel GmbH and Co. KG - Product / Service
- Exhibit 148: KFS Biodiesel GmbH and Co. KG - Key offerings
- 12.11 Kotyark Industries Ltd.
- Exhibit 149: Kotyark Industries Ltd. - Overview
- Exhibit 150: Kotyark Industries Ltd. - Product / Service
- Exhibit 151: Kotyark Industries Ltd. - Key offerings
- 12.12 Louis Dreyfus Co. BV
- Exhibit 152: Louis Dreyfus Co. BV - Overview
- Exhibit 153: Louis Dreyfus Co. BV - Business segments
- Exhibit 154: Louis Dreyfus Co. BV - Key offerings
- Exhibit 155: Louis Dreyfus Co. BV - Segment focus
- 12.13 Neste Corp.
- Exhibit 156: Neste Corp. - Overview
- Exhibit 157: Neste Corp. - Business segments
- Exhibit 158: Neste Corp. - Key news
- Exhibit 159: Neste Corp. - Key offerings
- Exhibit 160: Neste Corp. - Segment focus
- 12.14 PTT Global Chemical Public Co. Ltd.
- Exhibit 161: PTT Global Chemical Public Co. Ltd. - Overview
- Exhibit 162: PTT Global Chemical Public Co. Ltd. - Business segments
- Exhibit 163: PTT Global Chemical Public Co. Ltd. - Key news
- Exhibit 164: PTT Global Chemical Public Co. Ltd. - Key offerings
- Exhibit 165: PTT Global Chemical Public Co. Ltd. - Segment focus
- 12.15 RB FUELS
- Exhibit 166: RB FUELS - Overview
- Exhibit 167: RB FUELS - Product / Service
- Exhibit 168: RB FUELS - Key offerings
- 12.16 Vance Group Ltd.
- Exhibit 169: Vance Group Ltd. - Overview
- Exhibit 170: Vance Group Ltd. - Product / Service
- Exhibit 171: Vance Group Ltd. - Key offerings
- 12.17 Wilmar International Ltd.
- Exhibit 172: Wilmar International Ltd. - Overview
- Exhibit 173: Wilmar International Ltd. - Business segments
- Exhibit 174: Wilmar International Ltd. - Key news
- Exhibit 175: Wilmar International Ltd. - Key offerings
- Exhibit 176: Wilmar International Ltd. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources
- 13.5 List of abbreviations
- Exhibit 183: List of abbreviations