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Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies

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    Report

  • 126 Pages
  • January 2024
  • Region: Global
  • BCC Research
  • ID: 5003975

This report will explore the developments in the biodiesel market. The report will detail the biodiesel market by feedstock type: vegetable oils (rapeseed, palm oil, soybean oil, sunflower oil, corn oil, and used cooking oil) and animal fats.

The report will also detail the market based on applications and regions. Each segment evaluation includes market size estimates for biodiesel and a forecast for growth to 2028. The report concludes with a competitive landscape of the global biodiesel market and company profiles of the various players in the area.

Report Includes

  • 46 data tables and 28 additional tables
  • An overview of the global biodiesel market for end-user applications
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimate of the market size and revenue forecast for the global biodiesel market, and a corresponding market share analysis based on application, feedstock type, and region
  • Facts and figures pertaining to the market’s drivers, restraints, opportunities and challenges
  • Analysis of changes in policies, technologies and feedstock in the biodiesel industry and the recent trends in the global market
  • Overview of the sustainability trends and ESG developments in the biodiesel market, with emphasis on consumer attitudes, ESG score analysis, case studies and the ESG practices of leading companies
  • Review of emerging technologies and key patent grants on biodiesel technologies and applications
  • An analysis of the biodiesel industry structure, including company market shares, recent M&A activity and venture funding
  • Profiles of the leading market players
Frequently Asked Questions about the Global Biodiesel Feedstocks Market

What is the estimated value of the Global Biodiesel Feedstocks Market?

The Global Biodiesel Feedstocks Market was estimated to be valued at $43.1 Billion in 2023.

What is the growth rate of the Global Biodiesel Feedstocks Market?

The growth rate of the Global Biodiesel Feedstocks Market is 3.7%, with an estimated value of $51.6 Billion by 2028.

What is the forecasted size of the Global Biodiesel Feedstocks Market?

The Global Biodiesel Feedstocks Market is estimated to be worth $51.6 Billion by 2028.

Who are the key companies in the Global Biodiesel Feedstocks Market?

Key companies in the Global Biodiesel Feedstocks Market include Ag Processing Inc., Archer Daniels Midland Co. (Adm), Argent Energy, Avril Group, Cargill Inc., Chevron Renewable Energy Group, Eni S.P.A. and Neste Oyj.

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • What's New in This Update?
  • Research Methodology
  • Information Sources
  • Geographic Breakdown
  • Market Segmentation
Chapter 2 Summary and Highlights
  • Market Outlook
  • Market Summary
Chapter 3 Market Overview
  • Introduction
  • Biodiesel Generations
  • First-Generation Biodiesel
  • Second-Generation Biodiesel
  • Third-Generation Biodiesel
  • Types of Feedstocks
  • Vegetable Oil-Based Feedstocks
  • Animal Fat-Based Biodiesel
  • Renewable Diesel
Chapter 4 Market Dynamics
  • Market Trends
  • Growing Demand for Low-Carbon Intensive Feedstock
  • Growing Demand for Renewable Diesel
  • Global Growing Biodiesel Production
  • Market Drivers
  • Stringent Policies
  • Environmental Policies and Incentives
  • Energy Security
  • Market Challenges
  • Feedstock Availability
  • Fluctuating Feedstock Prices
  • Strong Growth of the HVO Market
  • Cases of Fraud Biodiesel and UCO
  • Market Opportunities
  • Growing Demand for Sustainable Aviation Fuels (SAF)
  • UCO Market Expansion and Potential
Chapter 5 Emerging Technologies and Developments
  • Introduction
  • Advancement in Feedstock
  • Algae as Feedstock
  • Mixed Feedstock
  • FOG-based Biodiesel
Chapter 6 Biodiesel Market by Feedstock Type
  • Introduction
  • Vegetable Oil
  • Animal Fat
  • Other Waste
Chapter 7 Biodiesel Market by Application
  • Introduction
  • Transportation
  • Other Uses
Chapter 8 Biodiesel Market by Region
  • Introduction
  • North America
  • The U.S.
  • Canada
  • Mexico
  • Asia-Pacific
  • EMEA
  • South America
Chapter 9 Sustainability in the Biodiesel Industry: An ESG Perspective
  • Introduction
  • Key ESG Issues
  • Environmental Issues
  • Social Issues
  • Governance Issues
  • Biodiesel Industry ESG Performance Analysis
  • Consumer Attitudes Towards ESG
  • ESG Practices by Companies
  • ESG Risks and Opportunities
  • Opportunities in Implementing ESG in Biodiesel Companies
  • Risks in Implementing ESG in Biofuel Companies
  • Case Study
  • ESG Performance of Valero: Driving Sustainable Innovation in the Biodiesel Industry
  • Concluding Remarks
Chapter 10 Patent Analysis
  • Overview
  • Patents, by Major Biodiesel Companies
Chapter 11 M&A and Venture Funding Outlook
  • Mergers & Acquisitions
  • Investments in Biodiesel
Chapter 12 Competitive Intelligence
  • Competitive Landscape
  • Biodiesel Producers
  • Biofuel and Renewable Fuel Producers
  • Large Fossil Fuel and Diesel Producers
  • Diversified Producers and Manufacturers
  • Key Technology Vendors in the Biofuel Space
  • Market Share Analysis
  • Strategic Analysis
  • Diversified Feedstocks
  • Technological Advancement
  • Collaboration and Expansion
  • Product Diversification
  • Vertical Integration
Chapter 13 Company Profiles
  • Introduction
  • Company Profiles
  • AG Processing Inc.
  • Archer Daniels Midland Co. (Adm)
  • Argent Energy
  • Avril Group
  • Cargill Inc.
  • Chevron Renewable Energy Group
  • Eni S.P.A.
  • Hf Sinclair Corp.
  • Neste Oyj
  • Poet Llc.
Chapter 14 Appendix: Acronyms
  • Acronyms Used in the Report
List of Tables
Summary Table: Global Market for Biodiesel, by Feedstock Type, Through 2028
Table 1: Approximate Oil Yield per Year of Common Crops, 2022
Table 2: UCO Based Biodiesel Volume in the U.S., 2021-2022
Table 3: Largest Hydrogenation-Derived Renewable Diesel (HDRD) Producers in the EU, 2022
Table 4: Proposed Taxation for Motor Fuels
Table 5: Proposed Target for SAF Regulation
Table 6: Microalgae and Oil Content
Table 7: Global Market for Biodiesel, by Feedstock Type, Through 2028
Table 8: Global Market for Vegetable Oil-based Feedstocks, by Region, Through 2028
Table 9: Global Market for Animal Fat-based Feedstocks, by Region, Through 2028
Table 10: Global Market for Other Waste-based Feedstocks, by Region, Through 2028
Table 11: Global Market for Biodiesel, by Application, Through 2028
Table 12: Global Market for Transportation Application of Biodiesel, by Region, Through 2028
Table 13: Global Market for Other Applications of Biodiesel, by Region, Through 2028
Table 14: Biodiesel Production & Consumption Share & Ranking by Country/Region, 2022
Table 15: Global Market Volumes of Biodiesel, Through 2028
Table 16: Global Market for Biodiesel, Through 2028
Table 17: Global Market for Biodiesel, by Region, Through 2028
Table 18: Canadian Volume Market for Biodiesel and Renewable Diesel Consumption, 2019-2023
Table 19: North American Market for Biodiesel, by Country, Through 2028
Table 20: U.S. Biodiesel Feedstock Share, 2021-2022
Table 21: North American Market for Biodiesel, by Feedstock Type, Through 2028
Table 22: North American Market for Biodiesel, by Application, Through 2028
Table 23: Asia-Pacific Market for Biofuels, by Country, Through 2028
Table 24: Asia-Pacific Biodiesel Feedstock Share, 2021 and 2022
Table 25: Asia-Pacific Market for Biodiesel, by Feedstock Type, Through 2028
Table 26: Asia-Pacific Market for Biodiesel, by Application, Through 2028
Table 27: EU Volume Market for Biodiesel and Renewable Diesel Production, 2019-2023
Table 28: Major Renewable Diesel Producing Countries, 2019-2023
Table 29: EMEA Market for Biodiesel, by Country, Through 2028
Table 30: The EU Biodiesel Feedstock Share, 2021 and 2022
Table 31: EMEA Market for Biodiesel, by Feedstock Type, Through 2028
Table 32: EMEA Market for Biodiesel, by Application, Through 2028
Table 33: South American Volume Market for Biodiesel Production and Consumption, by Leading Countries, 2019-2023
Table 34: South American Market for Biodiesel, by Country, Through 2028
Table 35: Brazilian Biodiesel Feedstock Share, 2021 and 2022
Table 36: South American Market for Biodiesel, by Feedstock Type, Through 2028
Table 37: South American Market for Biodiesel, by Application, Through 2028
Table 38: Environment Performance of Biofuel Companies
Table 39: Social Performance of Biofuel Companies
Table 40: Governance Performance of Biofuel Companies
Table 41: ESG Related Investments, by Valero
Table 42: Top Biodiesel Patent Applicants, by Assignee Company, 2021-2023
Table 43: Major Active Patents on Biodiesel, 2021-2023
Table 44: PM&A Activities in Biofuel Industry, 2022 and 2023
Table 45: Largest Biodiesel Producers in the U.S., as of January 2023
Table 46: Largest Renewable Diesel Producers in EU
Table 47: Ag Processing Inc.: Company Snapshot
Table 48: Ag Processing Inc.: News, 2021-2023
Table 49: Archer Daniels Midland Co. (ADM): Company Snapshot
Table 50: Archer Daniels Midland Co. (ADM): Annual Revenue, 2022
Table 51: Archer Daniels Midland Co. (ADM): News, 2021-2023
Table 52: Argent Energy: Company Snapshot
Table 53: Argent Energy: News, 2022 and 2023
Table 54: Avril Group: Company Snapshot
Table 55: Avril Group: News, 2022 and 2023
Table 56: Cargill Inc.: Company Snapshot
Table 57: Cargill Inc.: News, 2021-2023
Table 58: Chevron Renewable Energy Group: Company Snapshot
Table 59: Chevron Renewable Energy Group: Annual Revenue, 2022
Table 60: Chevron Renewable Energy Group: News, 2022
Table 61: Chevron Renewable Energy Group: Biofuel Product Portfolio
Table 62: ENI S.p.A.: Company Snapshot
Table 63: ENI S.p.A.: Annual Revenue, 2022
Table 64: ENI S.p.A.: News, 2023
Table 65: HF Sinclair Corp.: Company Snapshot
Table 66: HF Sinclair Corp.: Annual Revenue, 2022
Table 67: HF Sinclair Corp.: News, 2023
Table 68: Neste Oyj: Company Snapshot
Table 69: Neste Oyj: Annual Revenue, 2022
Table 70: Neste Oyj: News, 2023
Table 71: POET LLC: Company Snapshot
Table 72: POET LLC: News, 2021-2023
Table 73: Acronyms Used in the Report

List of Figures
Summary Figure: Global Market for Biodiesel, by Feedstock Type, 2022-2028
Figure 1: Biodiesel Feedstocks: Market Dynamics
Figure 2: Global Market Shares of Biodiesel, by Feedstock Type, 2022
Figure 3: Global Market Shares of Vegetable Oil-based Feedstocks, by Region, 2022
Figure 4: Global Market Shares of Animal Fat-based Feedstocks, by Region, 2022
Figure 5: Global Market Shares of Other Waste-based Feedstocks, by Region, 2022
Figure 6: Global Market Shares of Biodiesel, by Application, 2022
Figure 7: Global Market Shares of Transportation Application of Biodiesel, by Region, 2022
Figure 8: Global Market Shares of Other Applications of Biodiesel, by Region, 2022
Figure 9: Global Market Volumes of Biodiesel, 2022-2028
Figure 10: Global Market for Biodiesel, 2022-2028
Figure 11: Global Market Shares of Biodiesel, by Region, 2022
Figure 12: U.S. Volume Market for Biodiesel and Renewable Diesel Consumption, 2020-2022
Figure 13: North American Market Shares of Biodiesel, by Country, 2022
Figure 14: North American Market Shares of Biodiesel, by Feedstock Type, 2022
Figure 15: North American Market Shares of Biodiesel, by Application, 2022
Figure 16: Asia-Pacific Market Shares of Biodiesel, by Country, 2022
Figure 17: Asia-Pacific Market Shares of Biodiesel, by Feedstock Type, 2022
Figure 18: Asia-Pacific Market Shares of Biodiesel, by Application, 2022
Figure 19: EMEA Market Shares of Biofuels, by Country, 2022
Figure 20: EMEA Market Shares of Biodiesel, by Feedstock Type, 2022
Figure 21: EMEA Market Shares of Biodiesel, by Application, 2022
Figure 22: South American Market Shares of Biodiesel, by Country, 2022
Figure 23: South American Market Shares of Biodiesel, by Feedstock Type, 2022
Figure 24: South American Market Shares of Biodiesel, by Application, 2022
Figure 25: ESG Issues in the Biodiesel Industry
Figure 26: Opportunities and Risks in Implementing ESG
Figure 27: Average Annual Global Biodiesel Investments, 2010-2023 (Est.)
Figure 28: Cumulative Investment, by Region, 2010-2022
Figure 29: Archer Daniels Midland Co. (ADM): Annual Revenue, 2021 and 2022
Figure 30: Archer Daniels Midland Co. (ADM): Revenue Share, by Business Unit, 2022
Figure 31: Archer Daniels Midland Co. (ADM): Revenue Share, by Country, 2022
Figure 32: Chevron Renewable Energy Group: Annual Revenue, 2021 and 2022
Figure 33: Chevron Renewable Energy Group: Revenue Share, by Business Unit, 2022
Figure 34: Chevron Renewable Energy Group: Revenue Share, by Country/Region, 2022
Figure 35: ENI S.p.A.: Annual Revenue, 2021 and 2022
Figure 36: ENI S.p.A.: Revenue Share, by Business Unit, 2022
Figure 37: ENI S.p.A.: Revenue Share, by Country/Region, 2022
Figure 38: HF Sinclair Corp.: Annual Revenue, 2021 and 2022
Figure 39: HF Sinclair Corp.: Revenue Share, by Business Unit, 2022
Figure 40: HF Sinclair Corp.: Revenue Share, by Region, 2022
Figure 41: Neste Oyj: Annual Revenue, 2021 and 2022
Figure 42: Neste Oyj: Revenue Share, by Business Unit, 2022
Figure 43: Neste Oyj: Revenue Share, by Region/Country, 2022

Executive Summary

Regarding market demand, Europe is the largest biodiesel market. However, Asia-Pacific (APAC) is expected to see the strongest growth rate in the coming years, followed by South America. North America is the second-largest market. Demand for biodiesel in EMEA is negligible and is not expected to grow significantly in the coming years. EMEA’s meager market share and growth are mainly due to its large production and usage of fossil fuels, including fossil diesel.

Classification by feedstock shows that rapeseed oil is currently the major market segment. Rapeseed oil is followed by soybean oil and palm oil. However, usage of these feedstocks widely varies by region. For example, rapeseed is the most common feedstock in Europe, while soybean oil is the most common feedstock in the Americas (both North America and South America). APAC continues to use palm oil heavily for biodiesel production. In terms of growth, used cooking oils and animal fats are expected to grow gradually. Due to its low price and easy availability, the used cooking oil segment is expected to grow most robustly in the coming years in the developed world.

Transport is the significant segment by application. Transport’s share was estimated at 82.8% in 2022 and is expected to increase to 85.0% by the end of 2028. Automotive fuel is expected to be the major segment within transport, followed by aviation fuel. Power generation also has a demand for biodiesel.

Companies Mentioned

  • Ag Processing Inc.
  • Archer Daniels Midland Co. (Adm)
  • Argent Energy
  • Avril Group
  • Cargill Inc.
  • Chevron Renewable Energy Group
  • Eni S.P.A.
  • Neste Oyj