Biodiesel Market Research Report 2023

Biodiesel Market Synopsis

Biodiesel Market Size Was Valued at USD 34.69 Billion in 2022 and is Projected to Reach USD 64.69 Billion by 2030, Growing at a CAGR of 8.10% From 2023-2030.

Biodiesel is a renewable, biodegradable fuel manufactured domestically from vegetable oils, animal fats, or recycled restaurant grease. Biodiesel meets both the biomass-based diesel and overall advanced biofuel requirements of the Renewable Fuel Standard.

Biodiesel is a renewable and alternative fuel that is made from vegetable oils, animal fats, or recycled cooking grease. It is typically used as a substitute for traditional diesel fuel in engines, such as those found in cars, trucks, and buses.
Biodiesel is created through a chemical process called transesterification, which involves reacting a lipid with an alcohol (such as methanol) in the presence of a catalyst (such as sodium hydroxide or potassium hydroxide) to form biodiesel and glycerol as a by-product.
Biodiesel has several advantages over traditional diesel fuel, including reduced greenhouse gas emissions, improved air quality, and decreased dependence on foreign oil. It also has a higher cetane rating than diesel fuel, which means it has a better combustion quality and can improve engine performance.
Biodiesel can be used in a variety of applications, including transportation, heating, and electricity generation. It can be blended with petroleum-based diesel fuel in different ratios, depending on the application and the desired properties of the fuel. The use of biodiesel blends can help reduce greenhouse gas emissions, improve air quality, and increase energy security.

Top Key Players Involved Are:

"Archer Daniels Midland Company (US), Bunge Limited (US), Cargill Inc. (US), Louis Dreyfus Company B.V. (Netherlands), Wilmar International Limited (Singapore), Neste Corporation (Finland), Renewable Energy Group Inc. (US), TerraVia Holdings Inc. (US), Bio-Oil (Singapore), Biox Corporation (Canada), Crimson Renewable Energy LP (US), Delta American Fuel, LLC (US), Diester Industrie S.A.S. (France), Elevance Renewable Sciences Inc. (US), FutureFuel Corp. (US), Green Energy Biofuel (US), Imperium Renewables Inc. (US), Iowa Renewable Energy, LLC (US), KFS Biodiesel GmbH & Co. KG (Germany), Münzer Bioindustrie GmbH (Austria)."

Biodiesel Market Trend Analysis

Increasing Demand for Renewable Energy

The increasing demand for renewable energy is a major driver of the biodiesel market. As concerns about climate change and greenhouse gas emissions grow, there is an increasing demand for renewable energy sources, including biodiesel. Biodiesel is considered to be a cleaner and more sustainable alternative to traditional fossil fuels and can help reduce emissions and improve air quality.
One of the main drivers of the demand for renewable energy is the need to reduce greenhouse gas emissions. Biodiesel is a low-carbon fuel that can help reduce greenhouse gas emissions from transportation and other sectors. Biodiesel can also help reduce dependence on fossil fuels, which can enhance energy security and reduce the risk of price volatility.
Furthermore, the demand for renewable energy is also being driven by consumer preferences and corporate sustainability goals. Many consumers and companies are looking for ways to reduce their carbon footprint and promote sustainability, and are choosing products and services that align with their values. The use of biodiesel can help companies and individuals meet their sustainability goals and reduce their environmental impact.

Overall, the increasing demand for renewable energy is a key driver of the biodiesel market and is expected to continue to drive growth in the industry in the forecast period.

Government Policies & Initiatives For Promoting Biodiesel

Nowadays, globally every government is bringing steps forward to promote biodiesel because it is an environment-friendly alternative to fuels. For this government is coming up with various policies such as RFS (Renewable Fuel Standards), tax credits & incentives, grants & loans, import tariffs & trade policies.

The RFS is a policy that requires a certain number of renewable fuels, including biodiesel, to be blended into transportation fuels. This policy creates a guaranteed market for biodiesel producers and can help drive demand for the fuel
Governments can offer tax credits and other incentives to encourage the production and use of biodiesel. By which the trade of biodiesel will boost.
Governments can provide grants and loans to support research and development in the biodiesel industry, as well as to support the construction of new biodiesel plants.
Import tariffs and trade policies can be used to protect domestic biodiesel producers from foreign competition. Because of this the import & export of biodiesel can be increased on a larger scale. Which will increase the worldwide economy.

As concerns about climate change and energy security continue to grow, government policies and initiatives are expected to play an increasingly important role in promoting the growth of the biodiesel industry.

Segmentation Analysis Of The Biodiesel Market

Biodiesel Market Segments Cover The Feedstock, Production Process & Application. By Feedstock, Cooking Oil Is Anticipated To Dominate The Market Over The Forecast Period.

Vegetable oils are one of the most commonly used feedstocks for biodiesel production, as they are readily available and have a high energy content.
The process of producing biodiesel from vegetable oil involves a chemical reaction called transesterification, which converts the vegetable oil into a fuel that can be used in diesel engines. This process involves reacting the vegetable oil with an alcohol, typically methanol or ethanol, and a catalyst, such as sodium hydroxide or potassium hydroxide.
Some of the most commonly used vegetable oils for biodiesel production include soybean oil, canola oil, palm oil, and rapeseed oil. However, there is growing interest in the use of non-food feedstocks, such as algae and waste oils, as a source of biodiesel to reduce the environmental impact and promote sustainability.

Regional Analysis of The Biodiesel Market

Europe Is Expected To Dominate The Market Over The Forecast Period

Europe dominates the global biodiesel market. However, Europe is one of the largest markets for biodiesel, both in terms of production and consumption.
In Europe, biodiesel is primarily produced from vegetable oils, such as rapeseed oil and soybean oil, as well as waste cooking oil.
Germany, France, Spain, and Italy are the largest producers of biodiesel in Europe, while the Netherlands and Spain are the largest consumers. The EU is also a major exporter of biodiesel to other regions around the world, particularly to Asia and North America.

Covid 19 Impact On Biodiesel Market

The pandemic has disrupted supply chains for many industries, including the biodiesel industry. Restrictions on travel and transportation have made it more difficult to transport feedstocks and finished biodiesel products, leading to disruptions in the supply chain.
The pandemic has led to a decrease in demand for transportation fuels, including biodiesel. With many people working from home and travel restrictions in place, there has been a significant reduction in the use of transportation fuels.
The pandemic has led to significant price volatility in the biodiesel market. As demand for transportation fuels has decreased, prices for biodiesel and other fuels have fluctuated.

Production volume of biodiesel in India

Source: Statista

In the year 2020 to 2022, the production volume of biodiesel in India was 200, 180 & 185 million litres for years 2020, 2021 & 2022 respectively. This graph shows that the pandemic has huge impact on the production volume of biodiesel in India.

Top Key Players Covered In The Biodiesel Market

Archer Daniels Midland Company (US)
Bunge Limited (US)
Cargill Inc. (US)
Louis Dreyfus Company B.V. (Netherlands)
Wilmar International Limited (Singapore)
Neste Corporation (Finland)
Renewable Energy Group Inc. (US)
TerraVia Holdings Inc. (US)
Bio-Oil (Singapore)
Biox Corporation (Canada)
Crimson Renewable Energy LP (US)
Delta American Fuel, LLC (US)
Diester Industrie S.A.S. (France)
Elevance Renewable Sciences Inc. (US)
FutureFuel Corp. (US)
Green Energy Biofuel (US)
Imperium Renewables Inc. (US)
Iowa Renewable Energy, LLC (US)
KFS Biodiesel GmbH & Co. KG (Germany)
Münzer Bioindustrie GmbH (Austria) and Other Major Players.

Key Industry Developments In The Biodiesel Market

In April 2023, Neste and Q8 collaborate to make Neste MY Renewable Diesel available in the Danish market. The goal of the collaboration between Q8 and Neste is to enable the heavy transport sector throughout Denmark to reduce emissions. Neste MY Renewable Diesel is made available at stations on routes with very heavy transport around Denmark.

In October 2020, Louis Dreyfus Company announced that it had completed the acquisition of an oilseeds processing plant in Argentina, which will increase the company's production capacity for soybean oil, a common feedstock for biodiesel production.

Global Biodiesel Market
Base Year:	2022	Forecast Period:	2023-2030
Historical Data:	2016 to 2021	Market Size in 2022:	USD 33300 Mn.
Forecast Period 2023-30 CAGR:	5%	Market Size in 2030:	USD 49400 Mn.
Segments Covered:	By Feedstock	Soybean Oil Canola Oil Palm Oil Used Cooking Oil Animal Fats
	By Production Process	Traditional Transesterification Process Supercritical Transesterification Enzymatic Transesterification
	By Application	Transportation Heating Electricity Generation
	By Region	North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC) Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA) South America (Brazil, Argentina, Rest of SA)

Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
3.1 By Feedstock
3.2 By Production Process
3.3 By Application

Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing

Chapter 5: Biodiesel Market by Feedstock
5.1 Biodiesel Market Overview Snapshot and Growth Engine
5.2 Biodiesel Market Overview
5.3 Soybean Oil
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Soybean Oil: Geographic Segmentation
5.4 Canola Oil
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Canola Oil: Geographic Segmentation
5.5 Palm Oil
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2030F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Palm Oil: Geographic Segmentation
5.6 Used Cooking Oil
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2030F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Used Cooking Oil: Geographic Segmentation
5.7 Animal Fats
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2030F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Animal Fats: Geographic Segmentation

Chapter 6: Biodiesel Market by Production Process
6.1 Biodiesel Market Overview Snapshot and Growth Engine
6.2 Biodiesel Market Overview
6.3 Traditional Transesterification Process
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2030F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Traditional Transesterification Process: Geographic Segmentation
6.4 Supercritical Transesterification
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2030F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Supercritical Transesterification: Geographic Segmentation
6.5 Enzymatic Transesterification
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2030F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Enzymatic Transesterification: Geographic Segmentation

Chapter 7: Biodiesel Market by Application
7.1 Biodiesel Market Overview Snapshot and Growth Engine
7.2 Biodiesel Market Overview
7.3 Transportation
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2030F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Transportation: Geographic Segmentation
7.4 Heating Electricity Generation
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2030F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Heating Electricity Generation: Geographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Biodiesel Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Biodiesel Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Biodiesel Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 ARCHER DANIELS MIDLAND COMPANY (US)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 BUNGE LIMITED (US)
8.4 CARGILL INC. (US)
8.5 LOUIS DREYFUS COMPANY B.V. (NETHERLANDS)
8.6 WILMAR INTERNATIONAL LIMITED (SINGAPORE)
8.7 NESTE CORPORATION (FINLAND)
8.8 RENEWABLE ENERGY GROUP INC. (US)
8.9 TERRAVIA HOLDINGS INC. (US)
8.10 BIO-OIL (SINGAPORE)
8.11 BIOX CORPORATION (CANADA)
8.12 CRIMSON RENEWABLE ENERGY LP (US)
8.13 DELTA AMERICAN FUEL
8.14 LLC (US)
8.15 DIESTER INDUSTRIE S.A.S. (FRANCE)
8.16 ELEVANCE RENEWABLE SCIENCES INC. (US)
8.17 FUTUREFUEL CORP. (US)
8.18 GREEN ENERGY BIOFUEL (US)
8.19 IMPERIUM RENEWABLES INC. (US)
8.20 IOWA RENEWABLE ENERGY
8.21 LLC (US)
8.22 KFS BIODIESEL GMBH & CO. KG (GERMANY)
8.23 MÜNZER BIOINDUSTRIE GMBH (AUSTRIA)
8.24 OTHER MAJOR PLAYERS

Chapter 9: Global Biodiesel Market Analysis, Insights and Forecast, 2016-2030
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Feedstock
9.2.1 Soybean Oil
9.2.2 Canola Oil
9.2.3 Palm Oil
9.2.4 Used Cooking Oil
9.2.5 Animal Fats
9.3 Historic and Forecasted Market Size By Production Process
9.3.1 Traditional Transesterification Process
9.3.2 Supercritical Transesterification
9.3.3 Enzymatic Transesterification
9.4 Historic and Forecasted Market Size By Application
9.4.1 Transportation
9.4.2 Heating Electricity Generation

Chapter 10: North America Biodiesel Market Analysis, Insights and Forecast, 2016-2030
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Feedstock
10.4.1 Soybean Oil
10.4.2 Canola Oil
10.4.3 Palm Oil
10.4.4 Used Cooking Oil
10.4.5 Animal Fats
10.5 Historic and Forecasted Market Size By Production Process
10.5.1 Traditional Transesterification Process
10.5.2 Supercritical Transesterification
10.5.3 Enzymatic Transesterification
10.6 Historic and Forecasted Market Size By Application
10.6.1 Transportation
10.6.2 Heating Electricity Generation
10.7 Historic and Forecast Market Size by Country
10.7.1 US
10.7.2 Canada
10.7.3 Mexico

Chapter 11: Eastern Europe Biodiesel Market Analysis, Insights and Forecast, 2016-2030
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Feedstock
11.4.1 Soybean Oil
11.4.2 Canola Oil
11.4.3 Palm Oil
11.4.4 Used Cooking Oil
11.4.5 Animal Fats
11.5 Historic and Forecasted Market Size By Production Process
11.5.1 Traditional Transesterification Process
11.5.2 Supercritical Transesterification
11.5.3 Enzymatic Transesterification
11.6 Historic and Forecasted Market Size By Application
11.6.1 Transportation
11.6.2 Heating Electricity Generation
11.7 Historic and Forecast Market Size by Country
11.7.1 Bulgaria
11.7.2 The Czech Republic
11.7.3 Hungary
11.7.4 Poland
11.7.5 Romania
11.7.6 Rest of Eastern Europe

Chapter 12: Western Europe Biodiesel Market Analysis, Insights and Forecast, 2016-2030
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Feedstock
12.4.1 Soybean Oil
12.4.2 Canola Oil
12.4.3 Palm Oil
12.4.4 Used Cooking Oil
12.4.5 Animal Fats
12.5 Historic and Forecasted Market Size By Production Process
12.5.1 Traditional Transesterification Process
12.5.2 Supercritical Transesterification
12.5.3 Enzymatic Transesterification
12.6 Historic and Forecasted Market Size By Application
12.6.1 Transportation
12.6.2 Heating Electricity Generation
12.7 Historic and Forecast Market Size by Country
12.7.1 Germany
12.7.2 UK
12.7.3 France
12.7.4 Netherlands
12.7.5 Italy
12.7.6 Russia
12.7.7 Spain
12.7.8 Rest of Western Europe

Chapter 13: Asia Pacific Biodiesel Market Analysis, Insights and Forecast, 2016-2030
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Feedstock
13.4.1 Soybean Oil
13.4.2 Canola Oil
13.4.3 Palm Oil
13.4.4 Used Cooking Oil
13.4.5 Animal Fats
13.5 Historic and Forecasted Market Size By Production Process
13.5.1 Traditional Transesterification Process
13.5.2 Supercritical Transesterification
13.5.3 Enzymatic Transesterification
13.6 Historic and Forecasted Market Size By Application
13.6.1 Transportation
13.6.2 Heating Electricity Generation
13.7 Historic and Forecast Market Size by Country
13.7.1 China
13.7.2 India
13.7.3 Japan
13.7.4 South Korea
13.7.5 Malaysia
13.7.6 Thailand
13.7.7 Vietnam
13.7.8 The Philippines
13.7.9 Australia
13.7.10 New Zealand
13.7.11 Rest of APAC

Chapter 14: Middle East & Africa Biodiesel Market Analysis, Insights and Forecast, 2016-2030
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Feedstock
14.4.1 Soybean Oil
14.4.2 Canola Oil
14.4.3 Palm Oil
14.4.4 Used Cooking Oil
14.4.5 Animal Fats
14.5 Historic and Forecasted Market Size By Production Process
14.5.1 Traditional Transesterification Process
14.5.2 Supercritical Transesterification
14.5.3 Enzymatic Transesterification
14.6 Historic and Forecasted Market Size By Application
14.6.1 Transportation
14.6.2 Heating Electricity Generation
14.7 Historic and Forecast Market Size by Country
14.7.1 Turkey
14.7.2 Bahrain
14.7.3 Kuwait
14.7.4 Saudi Arabia
14.7.5 Qatar
14.7.6 UAE
14.7.7 Israel
14.7.8 South Africa

Chapter 15: South America Biodiesel Market Analysis, Insights and Forecast, 2016-2030
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Feedstock
15.4.1 Soybean Oil
15.4.2 Canola Oil
15.4.3 Palm Oil
15.4.4 Used Cooking Oil
15.4.5 Animal Fats
15.5 Historic and Forecasted Market Size By Production Process
15.5.1 Traditional Transesterification Process
15.5.2 Supercritical Transesterification
15.5.3 Enzymatic Transesterification
15.6 Historic and Forecasted Market Size By Application
15.6.1 Transportation
15.6.2 Heating Electricity Generation
15.7 Historic and Forecast Market Size by Country
15.7.1 Brazil
15.7.2 Argentina
15.7.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Biodiesel Market
Base Year:	2022	Forecast Period:	2023-2030
Historical Data:	2016 to 2021	Market Size in 2022:	USD 34.69 Bn.
Forecast Period 2023-30 CAGR:	8.10%	Market Size in 2030:	USD 64.69 Bn.
Segments Covered:	By Feedstock	Soybean Oil Canola Oil Palm Oil Used Cooking Oil Animal Fats
	By Production Process	Traditional Transesterification Process Supercritical Transesterification Enzymatic Transesterification
	By Application	Transportation Heating Electricity Generation
	By Region	North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC) Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA) South America (Brazil, Argentina, Rest of SA)
Key Market Drivers:	Increasing Demand for Renewable Energy
Key Market Restraints:	Limited Availability of Feedstock
Key Opportunities:	Government Policies & Initiatives For Promoting Biodiesel
Companies Covered in the Report:	Archer Daniels Midland Company (US), Bunge Limited (US), Cargill Inc. (US), Louis Dreyfus Company B.V. (Netherlands), and Other Major Players.

Research Methodology

Biodiesel Market Research Report 2023

Biodiesel Market Synopsis

Biodiesel Market Trend Analysis

Increasing Demand for Renewable Energy

Government Policies & Initiatives For Promoting Biodiesel

Segmentation Analysis Of The Biodiesel Market

Regional Analysis of The Biodiesel Market

Covid 19 Impact On Biodiesel Market

Key Industry Developments In The Biodiesel Market

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