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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 |
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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.
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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