Market Size of Europe Biodiesel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 16.47 Billion liters |
| Market Volume (2029) | 19.32 Billion liters |
| CAGR (2024 - 2029) | 3.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Biodiesel Market Analysis
The Europe Biodiesel Market size is estimated at 16.47 Billion liters in 2024, and is expected to reach 19.32 Billion liters by 2029, growing at a CAGR of 3.24% during the forecast period (2024-2029).
- Over the medium term, factors such as government-supportive policies and regulations and concerns over energy security are expected to drive the market during the forecasted period.
- On the other hand, the availability and price of feedstocks, such as vegetable oils and animal fats, are expected to hinder the market's growth during the forecasted period.
- Nevertheless, research and development efforts focus on finding alternative biodiesel production feedstocks. Advanced feedstocks, such as algae and waste oils, offer the potential for improved sustainability, reduced land-use impact, and increased feedstock availability, creating new opportunities for biodiesel production.
- Germany is expected to dominate the market during the forecasted period. Due to supportive government policies.
