Biodiesel Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032

The report on the global biodiesel market provides qualitative and quantitative analysis for the period from 2022-2032. The global biodiesel market was valued at USD 62.68 billion in 2023 and is expected to reach USD 128.41 billion in 2032, with a CAGR of 8.38% during the forecast period 2024-2032. The study on biodiesel market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.

The report on biodiesel market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global biodiesel market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global biodiesel market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Government regulations supporting renewable energy are primarily driving the biodiesel market.
• Environmental consciousness and climate change mitigation are propelling the biodiesel market.
• Surging demand in the transportation and power sectors represents a strategic driver for biodiesel market expansion.

2) Restraints

• The high production costs of biodiesel compared to fossil diesel is restraining the market.
• Engine compatibility & cold weather performance issues represent restraints that hinder performance, saleability, and scalability of the biodiesel market.
• Feedstock supply poses a supply chain restraint for the biodiesel market.

3) Opportunities

• Innovations in biodiesel production processes and feedstock utilization are creating significant opportunities for market growth.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global biodiesel market is segmented on the basis of feedstock, and application.

The Global Biodiesel Market by Feedstock

• Animal Fats
• Plant-based Oils
• Others

The Global Biodiesel Market by Application

• Transport Fuel
• Power Generation
• Industrial & Residential Heating
• Others

Company Profiles

The companies covered in the report include

• ADM
• Louis Dreyfus Company
• Verbio SE
• Cargill, Incorporated
• Neste
• Eni S.p.A
• Chevron
• Bunge Global SA
• Wilmar International Limited
• Diester Industrie (Groupe Avril)

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the biodiesel market.
2. Complete coverage of all the segments in the biodiesel market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global biodiesel market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.