Product Code: 1419
Global Biodiesel market was valued at USD 42.82 Billion in 2024 and is expected to reach USD 75.37 Billion by 2030 with a CAGR of 9.88%. The global biodiesel market is witnessing significant expansion, underpinned by rising demand for renewable energy solutions, sustainability imperatives, and regulatory pressure to curb greenhouse gas (GHG) emissions. Biodiesel produced from feedstocks such as vegetable oils, animal fats, and waste cooking oils offers a practical, low-carbon alternative to conventional diesel across transportation, industrial, and power generation sectors.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 42.82 Billion |
Market Size 2030 | USD 75.37 Billion |
CAGR 2025-2030 | 9.88% |
Fastest Growing Segment | Vegetable Oils |
Largest Market | Europe |
Positioned at the nexus of energy transition, technological innovation, and policy support, the biodiesel market is rapidly evolving. Accelerated adoption in commercial fleets, industrial applications, and power systems, combined with advancements in feedstock diversification and production efficiency, is driving robust growth and creating high-potential avenues for strategic investment globally.
Key Market Drivers
Rising Demand for Renewable and Sustainable Energy
The global push toward renewable and sustainable energy sources is a central driver of growth in the biodiesel market. Between 2022 and 2023, European imports of Russian pipeline gas declined by nearly 120 billion cubic meters, precipitating a global energy crisis. This disruption led to sharp increases in gas and electricity prices, intensified inflationary pressures, and exacerbated geopolitical uncertainties across the region. As governments, industries, and consumers increasingly prioritize low-carbon and environmentally friendly alternatives, biodiesel has emerged as a key solution to meet these energy transition objectives. The global energy landscape is under pressure to reduce carbon emissions and mitigate climate change. Biodiesel, produced from renewable feedstocks such as vegetable oils, waste oils, and animal fats, offers a carbon-neutral alternative to fossil diesel. It significantly lowers greenhouse gas (GHG) emissions, particulate matter, and other pollutants when used in transportation and industrial applications. This environmental advantage aligns directly with global sustainability goals, driving higher adoption rates of biodiesel in energy consumption.
Rising demand for renewable energy also stems from the need for energy security. Countries dependent on imported crude oil face price volatility and supply risks. Biodiesel production from domestically available feedstocks provides an alternative, locally sourced energy solution. This diversification reduces reliance on fossil fuels, enhances energy independence, and strengthens national energy resilience, creating favorable conditions for market expansion. There is a growing awareness among consumers and businesses regarding the environmental impact of conventional fuels. Corporations are increasingly committing to Environmental, Social, and Governance (ESG) objectives, including reducing their carbon footprint. This trend boosts the demand for biodiesel in commercial fleets, public transportation, and industrial operations, as it offers a practical way to transition toward sustainable energy without significant infrastructural changes. The rising demand for sustainable energy is further reinforced by supportive policies and incentives. Governments worldwide are introducing renewable energy mandates, blending requirements, and subsidies for biofuels. These policies not only promote the adoption of biodiesel but also create a favorable investment climate for producers, enabling market expansion in alignment with the global energy transition.
Key Market Challenges
Feedstock Availability and Price Volatility
The availability and cost of feedstocks, such as vegetable oils, waste oils, and animal fats, pose significant challenges for biodiesel producers. Many feedstocks are also used in the food and feed industries, leading to competition that can drive up prices and create supply uncertainties. For instance, fluctuations in palm oil, soybean oil, and rapeseed oil prices directly affect production costs, potentially reducing profit margins for biodiesel manufacturers. Moreover, reliance on seasonal crops can cause supply instability, particularly in regions prone to adverse weather conditions, affecting consistent biodiesel production and market growth.
Key Market Trends
Shift Toward Second- and Third-Generation Feedstocks
A notable trend in the biodiesel market is the move toward advanced feedstocks, including non-edible oils, algae, and waste biomass. Unlike traditional vegetable oils, these second- and third-generation feedstocks do not compete with food crops and offer higher sustainability credentials. Algae-based biodiesel, for instance, boasts high yield per hectare and can be cultivated on non-arable land, reducing pressure on agricultural resources. This trend reflects the industry's focus on environmental sustainability, scalability, and long-term feedstock security, positioning biodiesel as a future-ready renewable fuel.
Key Market Players
- Ag Processing, Inc.
- Archer Daniels Midland Company
- Bunge Global SA
- Cargill, Incorporated
- Ecodiesel Colombia S.A
- FutureFuel Corp
- Manuelita SA
- DuPont de Nemours, Inc
- Wilmar International Ltd
- Bangchak Corporation Public Company Limited
Report Scope:
In this report, the Global Biodiesel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Biodiesel Market, By Feedstock:
- Vegetable Oil
- Animal Fats
Biodiesel Market, By Application:
- Fuel
- Power Generation
- Others
Biodiesel Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Biodiesel Market.
Available Customizations:
Global Biodiesel market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Impact of COVID 19 on Global Biodiesel Market
5. Biodiesel Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Feedstock (Vegetable Oil {Canola Oil, Soybean Oil, Palm Oil, Corn Oil, Others}, Animal Fats {Poultry, Tallow, White Grease, Others})
- 5.2.2. By Application (Fuel {Automotive, Marine, Agriculture}, Power Generation, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Biodiesel Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Feedstock
- 6.2.2. By Application
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Biodiesel Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value & Volume
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Feedstock
- 6.3.1.2.2. By Application
- 6.3.2. Canada Biodiesel Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value & Volume
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Feedstock
- 6.3.2.2.2. By Application
- 6.3.3. Mexico Biodiesel Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value & Volume
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Feedstock
- 6.3.3.2.2. By Application
7. Europe Biodiesel Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Feedstock
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Biodiesel Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value & Volume
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Feedstock
- 7.3.1.2.2. By Application
- 7.3.2. United Kingdom Biodiesel Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value & Volume
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Feedstock
- 7.3.2.2.2. By Application
- 7.3.3. Italy Biodiesel Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value & Volume
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Feedstock
- 7.3.3.2.2. By Application
- 7.3.4. France Biodiesel Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value & Volume
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Feedstock
- 7.3.4.2.2. By Application
- 7.3.5. Spain Biodiesel Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value & Volume
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Feedstock
- 7.3.5.2.2. By Application
8. Asia-Pacific Biodiesel Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Feedstock
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Biodiesel Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value & Volume
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Feedstock
- 8.3.1.2.2. By Application
- 8.3.2. India Biodiesel Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value & Volume
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Feedstock
- 8.3.2.2.2. By Application
- 8.3.3. Japan Biodiesel Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value & Volume
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Feedstock
- 8.3.3.2.2. By Application
- 8.3.4. South Korea Biodiesel Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value & Volume
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Feedstock
- 8.3.4.2.2. By Application
- 8.3.5. Australia Biodiesel Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value & Volume
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Feedstock
- 8.3.5.2.2. By Application
9. South America Biodiesel Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Feedstock
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Biodiesel Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value & Volume
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Feedstock
- 9.3.1.2.2. By Application
- 9.3.2. Argentina Biodiesel Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value & Volume
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Feedstock
- 9.3.2.2.2. By Application
- 9.3.3. Colombia Biodiesel Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value & Volume
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Feedstock
- 9.3.3.2.2. By Application
10. Middle East and Africa Biodiesel Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Feedstock
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Biodiesel Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value & Volume
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Feedstock
- 10.3.1.2.2. By Application
- 10.3.2. Saudi Arabia Biodiesel Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value & Volume
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Feedstock
- 10.3.2.2.2. By Application
- 10.3.3. UAE Biodiesel Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value & Volume
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Feedstock
- 10.3.3.2.2. By Application
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Recent Developments
- 12.2. Product Launches
- 12.3. Mergers & Acquisitions
13. Global Biodiesel Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Ag Processing, Inc.
- 15.1.1. Business Overview
- 15.1.2. Product & Service Offerings
- 15.1.3. Recent Developments
- 15.1.4. Financials (If Listed)
- 15.1.5. Key Personnel
- 15.1.6. SWOT Analysis
- 15.2. Archer Daniels Midland Company
- 15.3. Bunge Global SA
- 15.4. Cargill, Incorporated
- 15.5. Ecodiesel Colombia S.A
- 15.6. FutureFuel Corp
- 15.7. Manuelita SA
- 15.8. DuPont de Nemours, Inc
- 15.9. Wilmar International Ltd
- 15.10.Bangchak Corporation Public Company Limited
16. Strategic Recommendations
17. About Us & Disclaimer