Biodiesel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Biodiesel Market Size & Share and It is Segmented by Feedstock (Animal Fat, Vegetable Oil, and Other Feedstocks), Application (Transportation, Power Generation, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Report Offers the Market Size and Forecasts in Revenue (USD) for all the Above Segments.

Biodiesel Market Size

Biodiesel Market (2024 - 2029)

Biodiesel Market Analysis

The Biodiesel Market size is estimated at USD 37.33 billion in 2025, and is expected to reach USD 54.09 billion by 2030, at a CAGR of 7.7% during the forecast period (2025-2030).

  • Over the medium term, factors such as the increasing demand for environment-friendly fuels that reduce greenhouse gas emissions and government support for biodiesel production by providing subsidies are expected to drive the biodiesel market during the forecast period.
  • On the other hand, the need for more feedstock availability for bio-diesel generation and declining crude prices globally may hinder the growth of the bio-diesel market.
  • Nevertheless, uses of biodiesel in the power generation industry is expected to create ample market opportunities in the coming years.
  • The Asia-Pacific region will likely grow significantly during the forecast period due to growing production in Indonesia, Thailand, China, and Malaysia. It is expected to drive the biodiesel market in the region.

Biodiesel Industry Overview

The biodiesel market is fragmented. Some key players in this market (not in a particular order) include Renewable Energy Group Inc., Archer-Daniels-Midland Company, Bangchak Corporation Public Company Limited, Wilmar International Ltd, and Neste Oyj.

Biodiesel Market Leaders

  1. Renewable Energy Group, Inc

  2. Archer Daniels Midland Company

  3. Wilmar International Ltd

  4. Bangchak Corporation Public Company Limited

  5. Neste Oyj

  6. *Disclaimer: Major Players sorted in no particular order
Biodiesel Market Concentration
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Biodiesel Market News

  • October 2024: The ORLEN Group started sales of its HVO100 fuel at two service stations in Germany. HVO100 is a second-generation biofuel, made from vegetable oils and waste products from the food and hospitality industries. The fuel can be used in most diesel engine vehicles without any modifications.
  • September 2024: Indian Oil Corporation achieved a biodiesel blending ratio of 0.49 percent, blending 23.24 crore liters of biodiesel with regular diesel. This surpassed the 0.43 percent blending ratio achieved by other oil marketing companies.

Biodiesel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 The Increasing Demand for Eco-friendly Fuels
    • 4.5.1.2 Government Support for Biodiesel Production
    • 4.5.2 Restraints
    • 4.5.2.1 The Need for More Feedstock Availability for Biodiesel Generation
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 Feedstock
    • 5.1.1 Animal Fat
    • 5.1.2 Vegetable Oil
    • 5.1.3 Other Feedstocks
  • 5.2 Application
    • 5.2.1 Transportation
    • 5.2.2 Power Generation
    • 5.2.3 Other Applications
  • 5.3 Geogrpahy
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 United Kingdom
    • 5.3.2.4 Spain
    • 5.3.2.5 NORDIC
    • 5.3.2.6 Turkey
    • 5.3.2.7 Russia
    • 5.3.2.8 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Malaysia
    • 5.3.3.4 Indonesia
    • 5.3.3.5 Vietnam
    • 5.3.3.6 Thailand
    • 5.3.3.7 Japan
    • 5.3.3.8 Australia
    • 5.3.3.9 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Egypt
    • 5.3.5.4 Nigeria
    • 5.3.5.5 Qatar
    • 5.3.5.6 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Renewable Energy Group Inc.
    • 6.3.2 Archer Daniels Midland Company
    • 6.3.3 Bangchak Corporation Public Company Limited
    • 6.3.4 Wilmar International Ltd
    • 6.3.5 Neste Oyj
    • 6.3.6 Cargill Inc.
    • 6.3.7 BIOX Corporation
    • 6.3.8 Ag Processing Inc.
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis
  • 6.5 List of Other Prominent Companies

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Biodiesel for Power Generation Applications
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Biodiesel Industry Segmentation

Biodiesel is a renewable fuel from vegetable oils, animal fats, or cooking oils. It is produced through a chemical process called transesterification, which converts these feedstocks into a fuel that can be used in diesel engines without any modifications. Biodiesel is a cleaner-burning alternative to petroleum-based diesel fuel, as it produces lower emissions of greenhouse gases and air pollutants. It can be used independently or blended with petroleum diesel in varying proportions, depending on the desired properties and performance. Biodiesel is considered a sustainable and eco-friendly fuel option, as it reduces reliance on fossil fuels and helps decrease overall carbon emissions.

The biodiesel market is segmented by feedstock, application, and geography. By feedstock segment, the market is segmented into animal fat, vegetable oil, and other feedstocks. By application, the market is segmented into transportation, power generation, and other applications. The report also covers the market size and forecasts for the biodiesel market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Feedstock Animal Fat
Vegetable Oil
Other Feedstocks
Application Transportation
Power Generation
Other Applications
Geogrpahy North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Spain
NORDIC
Turkey
Russia
Rest of Europe
Asia-Pacific China
India
Malaysia
Indonesia
Vietnam
Thailand
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Egypt
Nigeria
Qatar
Rest of Middle East and Africa
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Biodiesel Market Research FAQs

How big is the Biodiesel Market?

The Biodiesel Market size is expected to reach USD 37.33 billion in 2025 and grow at a CAGR of 7.70% to reach USD 54.09 billion by 2030.

What is the current Biodiesel Market size?

In 2025, the Biodiesel Market size is expected to reach USD 37.33 billion.

Who are the key players in Biodiesel Market?

Renewable Energy Group, Inc, Archer Daniels Midland Company, Wilmar International Ltd, Bangchak Corporation Public Company Limited and Neste Oyj are the major companies operating in the Biodiesel Market.

Which is the fastest growing region in Biodiesel Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Biodiesel Market?

In 2025, the Europe accounts for the largest market share in Biodiesel Market.

What years does this Biodiesel Market cover, and what was the market size in 2024?

In 2024, the Biodiesel Market size was estimated at USD 34.46 billion. The report covers the Biodiesel Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Biodiesel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Biodiesel Industry Report

Statistics for the 2025 Biodiesel market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Biodiesel analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Biodiesel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)