Press release
Growing Strongly: The Global Biodiesel Market Size, Trends, and Key Players
What Is The Projected Market Size Of The Global Biodiesel Market And Its Growth Rate?
• The biodiesel market has shown substantial growth recently, with its estimated increase from $57.91 billion in 2024 to $61.52 billion in 2025, which signifies a compound annual growth rate (CAGR) of 6.2%.
• This growth is driven by rising crude oil prices, environmental regulations, inconsistent fossil fuel supply, energy security concerns, growing consumer awareness and preferences, and increased transportation sector demand.
• The biodiesel market is expected to see another growth spurt in the coming years, projecting to reach $77.94 billion in 2029, with a steady CAGR of 6.1%.
What Is Driving The Growth In The Biodiesel Market?
An increase in demand for biofuels is propelling the growth of the biodiesel market. Biofuels serve as a cleaner-burning substitute made from renewable resources, including fresh and used vegetable oils and animal fats. This need for renewable and sustainable energy sources, along with rising environmental concerns, lends a hand in biodiesel's increasing popularity. Furthermore, the United States reported a rise of more than 2.7% in the share of alternative elements to oil-based fuels in 2024, a notable increase from 8.4% in 2022, hence, validating the growth drive in the biodiesel market.
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Who Are the Key Players Driving Biodiesel Market Growth?
• Archer-Daniels-Midland Company
• Cargill Incorporated
• Renewable Energy Group Inc.
• Wilmar International Limited
• Bunge Limited
• Neste Corporation
• BIOX Corporation
• Munzer Bioindustrie GmbH
• Emami Agrotech Limited
• Louis Dreyfus Company B.V., etc.
What Are The Key Trends In The Biodiesel Market?
• Global expansion of biodiesel production
• Focus on sustainable aviation fuels
• Advancements in biodiesel distribution
• Biodiesel blending mandates
• Expansion of sustainable agriculture
• Technological integration in biodiesel production
• Advancements in feedstock technology
• Collaborations and partnerships
• Investment in biodiesel infrastructure
• Biodiesel quality standards and certification
What Are The Segments Of The Global Biodiesel Market?
• Feedstock: Vegetable Oil, Animal Fats
• Production Process: Alcohol Trans Esterification, Hydro-Heating
• Application: Fuel, Power Generation, Agriculture
Which Region Leads The Biodiesel Market?
Western Europe led the biodiesel market in 2024. However, the Asia-Pacific region is anticipated to experience the most rapid growth in the forecast period. The assessment covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Biodiesel Market Global Market Report?
- Market Size Analysis: Analyze the Biodiesel Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biodiesel Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biodiesel Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biodiesel Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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