Global Biodiesel Market Size & Outlook, 2021-2030
Global biodiesel market, 2018-2030 (US$M)
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Global biodiesel market highlights
- The global biodiesel market generated a revenue of USD 32,097.5 million in 2021 and is expected to reach USD 53,196.2 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 5.8% by 2030.
- In terms of segment, vegetable oil accounted for a revenue of USD 30,633.5 million in 2021.
- Animal Fats is the most lucrative feedstock segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2021.
- Country-wise, Colombia is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 32,097.5 million |
| Market revenue in 2030 | USD 53,196.2 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Vegetable oil |
| Fastest growing segment | Animal Fats |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vegetable Oil, Animal Fats |
Other key industry trends
- In terms of revenue, the North America accounted for 15.9% of the global biodiesel market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Colombia is the fastest growing regional market and is projected to reach USD 2,027.9 million by 2030.
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Biodiesel Market Scope
Biodiesel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global biodiesel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodiesel market will help companies and investors design strategic landscapes.
Vegetable oil was the largest segment with a revenue share of 95.44% in 2021. Horizon Databook has segmented the Global biodiesel market based on vegetable oil, animal fats covering the revenue growth of each sub-segment from 2018 to 2030.
The greenhouse gas emissions from various energy-intensive industries including agriculture, and energy industry have been increasing over the past decade leading to a change in the climate pattern. These factors also lead to threats of global temperatures and disrupt human and environmental activities.
Various initiatives to offset these emissions include a shift to alternate energy sources and to increase energy efficiency. The various steps to be taken to achieve emissions reduction include carbon sequestration, technology transfer from developed to developing countries, and the use of alternate fuels.
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Target buyers of Global biodiesel market databook
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Our clientele includes a mix of biodiesel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biodiesel market , including forecasts for subscribers. This global databook contains high-level insights into Global biodiesel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global biodiesel market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biodiesel market size, 2021 (US$M)
Global biodiesel market share, by feedstock, 2021 & 2030 (%, US$M)
Biodiesel market: Opportunity assessment by country
Global biodiesel market, by region, 2021 (US$M)
| Feedstock | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,694.4 | 4,852.6 | 4,999.2 | 5,114.8 | 5,244.5 | 5,396.4 | 5,562.6 | 5,737.1 | 5,921.9 | 6,119.3 | 6,214.0 | 6,368.5 | 6,523.0 | 2.7% |
| Europe | 12,570.8 | 13,398.6 | 14,205.1 | 15,024.4 | 15,915.2 | 16,917.3 | 18,009.2 | 18,736.0 | 19,103.2 | 19,504.2 | 20,836.5 | 21,654.4 | 22,472.2 | 4.6% |
| Asia Pacific | 5,433.1 | 5,960.3 | 6,496.2 | 7,045.2 | 7,616.3 | 8,261.1 | 8,965.3 | 9,721.8 | 10,329.0 | 10,985.6 | 11,517.6 | 12,142.4 | 12,767.1 | 6.8% |
| Latin America | 3,736.8 | 4,081.4 | 4,448.8 | 4,838.3 | 5,248.3 | 5,678.9 | 6,128.3 | 8,618.6 | 9,100.9 | 9,593.5 | 9,913.9 | 10,598.8 | 11,283.6 | 9.9% |
| MEA | 56.6 | 62.4 | 68.5 | 74.9 | 82.0 | 90.0 | 98.9 | 108.5 | 119.1 | 130.6 | 133.9 | 142.1 | 150.2 | 8.0% |
| Overall | 26,491.6 | 28,355.3 | 30,217.8 | 32,097.5 | 34,106.1 | 36,343.6 | 38,764.2 | 42,922.1 | 44,574.1 | 46,333.1 | 48,616.0 | 50,906.1 | 53,196.2 | 5.8% |
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