Biofuels: Global Markets - Research and Markets

The global market for biofuels is expected to grow from $150.9 billion in 2025 to reach $194.7 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.2% from 2025 through 2030.

In green energy transition goals, biofuels can be used as a carbon-free substitute for fossil fuels. Ethanol and renewable diesel will be responsible for two-thirds of the demand for biofuels. Bioenergy holds the largest share in global renewable energy production. Solid and liquid biofuels are the major sources of bioenergy. Biofuels can reduce fossil fuel consumption, thereby reducing carbon emissions.

Market Dynamics and Growth Drivers

The growing focus on decarbonization of transport, along with the aviation and marine industries, is a major factor accelerating the demand for biofuels in the global market. However, the supply chain complexities and feedstock availability at competitive costs are posing significant challenges for the growth of the industry. Cultivating sufficient feedstock for biofuels drives decisions on facility locations.

Report Scope

In this report, the global market for biofuels is segmented and analyzed by fuel type, end-use industry and region. The market size is provided in value ($ million) and volume (million liters). A chapter on competitive intelligence covers the market shares of leading companies based on their product offerings and revenues generated from biofuels. It also discusses market dynamics, emerging technologies and global developments.

The report also includes emerging trends, technological advances, economic forces and technical standards. It contains a Porter’s Five Forces analysis and a strengths, weaknesses, opportunities and threats (SWOT) analysis. The report also discusses the technical and commercial aspects of different types of biofuels and their utilization by different end-use industries. The report outlines the regulations and policies in different countries governing biofuel production to ensure environmental sustainability and regulatory compliance. ESG factors are also analyzed.

The report includes:

51 data tables and 62 additional tables
An in-depth analysis of the global markets for biofuels
Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecast for 2029, and projections of CAGRs through 2030
Estimates of the current market size and revenue prospects of the global market, accompanied by a market share analysis by biofuel type, end-use industry and region
Facts and figures pertaining to market dynamics, technological advances, regulations, prospects and the impacts of macroeconomic variables
Impact analysis of U.S. tariff laws, as well as case study analysis of AI adoption for the global biofuels market
Insights derived from Porter’s Five Forces model, as well as an industry supply chain analysis
A look at the regulatory frameworks regarding the use of biofuels, incentives for fuel production, and the number and capacity of manufacturing plants
A relevant patent analysis, featuring key granted and published patents
Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
Analysis of the industry structure, including companies’ market shares and rankings, strategic initiatives, M&A activity and a venture funding outlook
Profiles of the leading companies, including ADM, Cargill Inc., Chevron Renewable Energy Group, Green Plains Inc., and Neste

Chapter 1 Executive Summary

Market Outlook
Scope of Report
Market Summary
Market Dynamics and Growth Drivers
Regional Insights and Emerging Markets
Analysis by Segment
Conclusion

Chapter 2 Market Overview

Overview and Market Definition
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Potential for New Entrants
Threat of Substitutes
Level of Competition
Value Chain Analysis
Conversion Methods of Biofuels
SWOT Analysis

Chapter 3 Market Dynamics

Market Dynamics
Market Drivers
Expanding Agricultural Output Driving Feedstock Availability
Rapid Expansion in Sustainable Aviation Fuel (SAF) Industry
Market Challenges
High Capital and Production Costs in Biofuel Industry
Limited Infrastructure for Advanced Biofuels
Market Opportunities
Growing Demand for Marine Fuels
Utilization of Agro-Biomass and Non-Food Feedstocks
Market Restraints
Food Versus Fuel Conflict
High Competition from Fossil Fuels
Fraudulent Trade Practices

Chapter 4 Emerging Technologies and Developments

Overview
Start-Ups on the Rise
Hydrothermal Upgrading: Enabling Energy Recovery from Wet Biomass
Hydrotreated Vegetable Oil: Drop-in Renewable Diesel for Decarbonizing Transport
Cellulosic Ethanol
Fast Pyrolysis

Chapter 5 Market Segmentation Analysis

Segmentation Breakdown
Market Analysis by Fuel Type
Ethanol
Biodiesel
Advanced Biofuels
Market Analysis by End-Use Industry
Takeaways
Transportation
Aviation
Other Industries
Geographic Breakdown
Market Analysis by Region
Takeaways
North America
South America
Europe
APAC
Middle East and Africa

Chapter 6 Sustainability in the Biofuels Industry: An ESG Perspective

ESG in the Biofuels Industry
ESG Practices in the Biofuels Industry
BP Plc.
Neste
Cargill Inc.
ESG Performance Analysis
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks

Chapter 7 Competitive Intelligence

Industry Structure
POET LLC.
Green Plains Inc.
ADM
Cargill Inc.
Neste
Strategic Analysis

Chapter 8 Appendix

Methodology
Information Sources
References
Abbreviations

List of Tables

Summary Table: Global Market for Biofuels, by Region, Through 2030
Table 1: Classification of the Different Sources of Biomass for Energy
Table 2: Comparison of Fuels Properties
Table 3: Production Cost Comparison of Advanced Biofuels
Table 4: Number of Facilities Per Technology, as of November 2024
Table 5: Announced Projects for Pre-Commercial Advanced Liquid Biofuel Production, by Feedstock and Technology, 2022-2030
Table 6: Global Market for Biofuels, by Fuel Type, Through 2030
Table 7: Global Market Volume for Biofuels, by Fuel Type, Through 2030
Table 8: Feedstocks for Ethanol Production
Table 9: Analysis of Three Types of Feedstocks for Ethanol Production
Table 10: Major Feedstock Used by Top Countries in Ethanol Production
Table 11: Global Market for Ethanol, by Region, Through 2030
Table 12: Global Market Volume for Ethanol, by Region, Through 2030
Table 13: Regional Contribution to the Ethanol Industry Growth, 2024-2033
Table 14: Comparison of Different Biodiesel Feedstocks
Table 15: Major Feedstock Used by Top Countries in Biodiesel Production
Table 16: Biodiesel Production Plants in the U.S., December 2024
Table 17: Global Market for Biodiesel, by Region, Through 2030
Table 18: Global Market Volume for Biodiesel, by Region, Through 2030
Table 19: Regional Contribution to the Biodiesel Industry Growth, 2024-2033
Table 20: Global Market for Advanced Biofuels, by Region, Through 2030
Table 21: Global Market Volume for Advanced Biofuels, by Region, Through 2030
Table 22: Global Market for Biofuels, by End-Use Industry, Through 2030
Table 23: Global Market for Biofuels in Transportation, by Region, Through 2030
Table 24: Global Market for Biofuels in Aviation, by Region, Through 2030
Table 25: Potential Biofuels for the Shipping Industry
Table 26: Global Market for Biofuels in Other Industries, by Region, Through 2030
Table 27: Global Market for Biofuels, by Region, Through 2030
Table 28: Global Market Volume for Biofuels, by Region, Through 2030
Table 29: Blending Requirements for Biofuels Under Renewable Fuel Standard, 2023-2025
Table 30: EPA's Final/Proposed Volume Standards, RFS, 2020-2025
Table 31: North American Market for Biofuels, by Fuel Type, Through 2030
Table 32: North American Market Volume for Biofuels, by Fuel Type, Through 2030
Table 33: North American Market for Biofuels, by End-Use Industry, Through 2030
Table 34: North American Market for Biofuels, by Country, Through 2030
Table 35: South American Market for Biofuels, by Fuel Type, Through 2030
Table 36: South American Market Volume for Biofuels, by Fuel Type, Through 2030
Table 37: South American Market for Biofuels, by End-Use Industry, Through 2030
Table 38: South American Market for Biofuels, by Country, Through 2030
Table 39: France Renewable Energy and Climate Targets, 2024
Table 40: European Market for Biofuels, by Fuel Type, Through 2030
Table 41: European Market Volume for Biofuels, by Fuel Type, Through 2030
Table 42: European Market for Biofuels, by End-Use Industry, Through 2030
Table 43: European Market for Biofuels, by Country, Through 2030
Table 44: Indonesian Biofuel Provision for Transportation, 2025 and 2050
Table 45: APAC Market for Biofuels, by Fuel Type, Through 2030
Table 46: APAC Market Volume for Biofuels, by Fuel Type, Through 2030
Table 47: APAC Market for Biofuels, by End-Use Industry, Through 2030
Table 48: APAC Market for Biofuels, by Country, Through 2030
Table 49: Top Produced Commodities in Nigeria, 2024
Table 50: MEA Market for Biofuels, by Fuel Type, Through 2030
Table 51: MEA Market Volume for Biofuels, by Fuel Type, Through 2030
Table 52: MEA Market for Biofuels, by End-Use Industry, Through 2030
Table 53: MEA Market for Biofuels, by Country, Through 2030
Table 54: Ethanol Production Ranking and Share, by Country, 2021-2023
Table 55: Biodiesel Production Ranking and Share, by Country, 2021-2023
Table 56: Business Expansion Strategies, by Biofuel Companies, 2023-2025
Table 57: Abbreviations Used in the Biofuels Market Report
Table 58: ADM: Company Snapshot
Table 59: ADM: Financial Performance, FY 2023 and 2024
Table 60: ADM: Product Portfolio
Table 61: ADM: News/Key Developments, 2022-2025
Table 62: Apeiron Bioenergy: Company Snapshot
Table 63: Apeiron Bioenergy: Product Portfolio
Table 64: Apeiron Bioenergy: News/Key Developments, 2022-2025
Table 65: BP p.l.c.: Company Snapshot
Table 66: BP p.l.c.: Financial Performance, FY 2023 and 2024
Table 67: BP p.l.c.: Product Portfolio
Table 68: BP p.l.c.: News/Key Developments, 2022-2025
Table 69: Cargill Inc.: Company Snapshot
Table 70: Cargill Inc.: Product Portfolio
Table 71: Cargill Inc.: News/Key Developments, 2023-2025
Table 72: Chevron (Chevron Renewable Energy Group): Company Snapshot
Table 73: Chevron (Chevron Renewable Energy Group): Product Portfolio
Table 74: Chevron (Chevron Renewable Energy Group): News/Key Developments, 2022-2025
Table 75: FutureFuel Corp.: Company Snapshot
Table 76: FutureFuel Corp.: Financial Performance, FY 2023 and 2024
Table 77: FutureFuel Corp.: Product Portfolio
Table 78: Green Plains Inc.: Company Snapshot
Table 79: Green Plains Inc.: Financial Performance, FY 2023 and 2024
Table 80: Green Plains Inc.: Product Portfolio
Table 81: Green Plains Inc.: News/Key Developments, 2024-2025
Table 82: HF Sinclair Corp.: Company Snapshot
Table 83: HF Sinclair Corp.: Financial Performance, FY 2023 and 2024
Table 84: HF Sinclair Corp.: Product Portfolio
Table 85: HF Sinclair Corp.: News/Key Developments, 2023
Table 86: Neste: Company Snapshot
Table 87: Neste: Financial Performance, FY 2023 and 2024
Table 88: Neste: Product Portfolio
Table 89: Neste: News/Key Developments, 2023-2025
Table 90: POET LLC.: Company Snapshot
Table 91: POET LLC.: Product Portfolio
Table 92: POET LLC.: News/Key Developments, 2023-2024
Table 93: The Andersons Inc.: Company Snapshot
Table 94: The Andersons Inc.: Financial Performance, FY 2023 and 2024
Table 95: The Andersons Inc.: Product Portfolio
Table 96: The Andersons Inc.: News/Key Developments, 2024
Table 97: TotalEnergies: Company Snapshot
Table 98: TotalEnergies: Financial Performance, FY 2023 and 2024
Table 99: TotalEnergies: Product Portfolio
Table 100: TotalEnergies: News/Key Developments, 2022-2025
Table 101: Valero: Company Snapshot
Table 102: Valero: Financial Performance, FY 2023 and 2024
Table 103: Valero: Product Portfolio
Table 104: Valero: News/Key Developments, 2024-2025
Table 105: Verbio SE: Company Snapshot
Table 106: Verbio SE: Financial Performance, FY 2023 and 2024
Table 107: Verbio SE: Product Portfolio
Table 108: Verbio SE: News/Key Developments, 2022-2025
Table 109: Wilmar International Ltd.: Company Snapshot
Table 110: Wilmar International Ltd.: Financial Performance, FY 2023 and 2024
Table 111: Wilmar International Ltd.: Product Portfolio
Table 112: Wilmar International Ltd.: News/Key Developments, 2025

List of Figures

Summary Figure: Global Market Shares for Biofuels, by Region, 2024
Figure 1: Porter’s Five Forces Analysis of Biofuels Market
Figure 2: Value Chain Flowchart for the Biofuels Market
Figure 3: SWOT Analysis: Biofuels Global Market
Figure 4: Market Dynamics for Biofuels
Figure 5: Global Market Shares for Biofuels, by Type, 2024
Figure 6: Global Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 7: Global Market Shares for Ethanol, by Region, 2024
Figure 8: Global Market Volume Shares for Ethanol, by Region, 2024
Figure 9: Review of Biodiesel Production and Purification
Figure 10: Global Market Shares for Biodiesel, by Region, 2024
Figure 11: Global Market Volume Shares for Biodiesel, by Region, 2024
Figure 12: Global Market Shares for Advanced Biofuels, by Region, 2024
Figure 13: Global Market Volume Shares for Advanced Biofuels, by Region, 2024
Figure 14: Global Market Shares for Biofuels, by End-Use Industry, 2024
Figure 15: Global Market Shares for Biofuels in Transportation, by Region, 2024
Figure 16: Global Market Shares for Biofuels in Aviation, by Region, 2024
Figure 17: Global Market Shares for Biofuels in Other Industries, by Region, 2024
Figure 18: Global Market Shares for Biofuels, by Region, 2024
Figure 19: Global Market Volume Shares for Biofuels, by Region, 2024
Figure 20: North American Market Shares for Biofuels, by Fuel Type, 2024
Figure 21: North American Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 22: North American Market Shares for Biofuels, by End-Use Industry, 2024
Figure 23: North American Market Shares for Biofuels, by Country, 2024
Figure 24: South American Market Shares for Biofuels, by Fuel Type, 2024
Figure 25: South American Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 26: South American Market Shares for Biofuels, by End-Use Industry, 2024
Figure 27: South American Market Shares for Biofuels, by Country, 2024
Figure 28: European Market Shares for Biofuels, by Fuel Type, 2024
Figure 29: European Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 30: European Market Shares for Biofuels, by End-Use Industry, 2024
Figure 31: European Market Shares for Biofuels, by Country, 2024
Figure 32: APAC Market Shares for Biofuels, by Fuel Type, 2024
Figure 33: APAC Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 34: APAC Market Shares for Biofuels, by End-Use Industry, 2024
Figure 35: APAC Market Shares for Biofuels, by Country, 2024
Figure 36: MEA Market Shares for Biofuels, by Fuel Type, 2024
Figure 37: MEA Market Volume Shares for Biofuels, by Fuel Type, 2024
Figure 38: MEA Market Shares for Biofuels, by End-Use Industry, 2024
Figure 39: MEA Market Shares for Biofuels, by Country, 2024
Figure 40: ESG Benefits for the Biofuels Industry
Figure 41: U.S. Market Shares for Ethanol Production Capacity, by Company, 2024
Figure 42: U.S. Market Shares for Biodiesel Production Capacity, by Company, 2024
Figure 43: ADM: Revenue Share, by Business Unit, FY 2024
Figure 44: ADM: Revenue Share, by Country/Region, FY 2024
Figure 45: BP p.l.c.: Revenue Share, by Business Unit, FY 2024
Figure 46: BP p.l.c.: Revenue Share, by Country/Region, FY 2024
Figure 47: FutureFuel Corp.: Revenue Share, by Business Unit, FY 2024
Figure 48: FutureFuel Corp.: Revenue Share, by Country/Region, FY 2024
Figure 49: Green Plains Inc.: Revenue Share, by Business Unit, FY 2024
Figure 50: HF Sinclair Corp.: Revenue Share, by Business Unit, FY 2024
Figure 51: HF Sinclair Corp.: Revenue Share, by Type, FY 2024
Figure 52: Neste: Revenue Share, by Business Unit, FY 2024
Figure 53: Neste: Revenue Share, by Country/Region, FY 2024
Figure 54: The Andersons Inc.: Revenue Share, by Business Unit, FY 2024
Figure 55: The Andersons Inc.: Revenue Share, by Country/Region, FY 2024
Figure 56: TotalEnergies: Revenue Share, by Business Unit, FY 2024
Figure 57: TotalEnergies: Revenue Share, by Country/Region, FY 2024
Figure 58: Valero: Revenue Share, by Business Unit, FY 2024
Figure 59: Valero: Revenue Share, by Country/Region, FY 2024
Figure 60: Verbio SE: Revenue Share, by Business Unit, FY 2024
Figure 61: Wilmar International Ltd.: Revenue Share, by Business Unit, FY 2024
Figure 62: Wilmar International Ltd.: Revenue Share, by Country/Region, FY 2024

Companies Mentioned

ADM
Apeiron Bioenergy
BP p.l.c.
Cargill Inc.
Chevron (Chevron Renewable Energy Group)
FutureFuel Corp.
Green Plains Inc.
HF Sinclair Corp.
Neste
POET LLC
The Andersons, Inc.
TotalEnergies
Valero
VERBIO SE
Wilmar International Ltd.

Table Information

Report Attribute	Details
No. of Pages	146
Published	December 2025
Forecast Period	2025 - 2030
Estimated Market Value ( USD ) in 2025	$ 150.9 Billion
Forecasted Market Value ( USD ) by 2030	$ 194.7 Billion
Compound Annual Growth Rate	5.2%
Regions Covered	Global
No. of Companies Mentioned	15

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Market Dynamics and Growth Drivers

Report Scope

The report includes:

Table of Contents

Companies Mentioned

Table Information

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