Global Biofuels Market Size & Outlook, 2023-2030
Global biofuels market, 2018-2030 (US$M)
Related Markets
Global biofuels market highlights
- The global biofuels market generated a revenue of USD 99,529.8 million in 2023 and is expected to reach USD 207,871.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.1% by 2030.
- In terms of segment, liquid biofuel accounted for a revenue of USD 43,819.8 million in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 99,529.8 million |
| Market revenue in 2030 | USD 207,871.5 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
Other key industry trends
- In terms of revenue, the North America accounted for 33.3% of the global biofuels market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 28,315.5 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biofuels 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 biofuels market will help companies and investors design strategic landscapes.
Liquid biofuel was the largest segment with a revenue share of 44.03% in 2023. Horizon Databook has segmented the Global biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biofuels Form Outlook (Revenue, USD Million, 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- Global Biofuels Product Outlook (Revenue, USD Million, 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Others
- Global Biofuels Feedstock Outlook (Revenue, USD Million, 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Others
- Global Biofuels Application Outlook (Revenue, USD Million, 2018-2030)
- Transportation
- Aviation
- Energy Generation
- Heating
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global biofuels market , including forecasts for subscribers. This global databook contains high-level insights into Global biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global biofuels market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biofuels market size, 2023 (US$M)
Global biofuels market share, by form, 2023 & 2030 (%, US$M)
Biofuels market: Opportunity assessment by country
Global biofuels market, by region, 2023 (US$M)
| Form | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 24,724.8 | 26,367.3 | 25,458.4 | 27,826.1 | 30,313.9 | 33,151.7 | 36,401.1 | 40,137.2 | 44,451.1 | 49,624.6 | 55,486.8 | 62,571.7 | 70,946.5 | 11.5% |
| Europe | 21,189.7 | 22,597.0 | 21,812.9 | 23,835.8 | 25,960.7 | 28,384.2 | 31,159.0 | 34,348.9 | 38,031.6 | 42,302.0 | 47,116.0 | 52,668.6 | 59,035.5 | 11.0% |
| Asia Pacific | 14,561.5 | 15,575.7 | 15,080.5 | 16,528.3 | 18,055.4 | 19,799.6 | 21,799.8 | 24,103.0 | 26,766.5 | 29,860.6 | 33,680.2 | 38,136.8 | 43,944.0 | 12.1% |
| Latin America | 14,180.6 | 14,950.1 | 14,259.8 | 15,395.4 | 16,565.0 | 17,889.6 | 19,395.1 | 21,112.3 | 23,078.7 | 25,169.2 | 27,698.6 | 30,513.9 | 33,363.4 | 9.3% |
| MEA | 244.2 | 256.9 | 244.5 | 263.4 | 282.8 | 304.8 | 329.8 | 358.3 | 391.1 | 428.8 | 472.4 | 523.0 | 582.0 | 9.7% |
| Overall | 74,900.8 | 79,746.9 | 76,856.0 | 83,849.0 | 91,177.8 | 99,529.8 | 109,084.8 | 120,059.8 | 132,719.1 | 147,385.1 | 164,453.9 | 184,414.0 | 207,871.5 | 11.1% |
Related regional statistics
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