Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Biodiesel Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Biodiesel Market?
The biodiesel market has experienced significant growth in the past. In 2024, the market size was $57.91 billion and is projected to increase to $61.01 billion in 2025. This corresponds to a compound annual growth rate (CAGR) of 5.3%.
What Is the Forecasted CAGR for the Biodiesel Market by 2029?
In 2029, the biodiesel market is projected to be valued at $76.9 billion, growing at a compound annual growth rate (CAGR) of 6.0%.
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What Are the Market Drivers in the Biodiesel Industry?
The key Drivers in the biodiesel market are:
• Rising demand for biofuels is driving the biodiesel market growth.
• Growing environmental concerns supporting the use of renewable and sustainable energy sources.
• Biodiesel is recognized for reducing the carbon footprint of various industries.
• The shift towards alternatives to oil-based fuels is increasing the need for biodiesel.
What Is the Segment-Wise Breakdown of the Biodiesel Market?
The biodieselmarket covered in this report is segmented –
1) By Feedstock: Vegetable Oil, Animal Fats
2) By Production Process: Alcohol Trans Esterification, Hydro-Heating
3) By Application: Fuel, Power Generation, Agriculture
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Which Emerging Trends Are Driving Growth in the Biodiesel Sector?
The key trends in the biodiesel market are:
• Technological advancements in biodiesel processing are a key emerging trend.
• Big players in the market are prioritizing the development of novel technological solutions.
• The industry is witnessing the introduction of energy-efficient and cost-effective production technologies.
• The optimization of output via new technologies which increase efficiency and reduce costs is a rising trend.
Which Companies Are Dominating the Biodiesel Market in Terms of Revenue?
The key players in the biodiesel market are:
• Archer-Daniels-Midland Company
• Cargill Incorporated
• Renewable Energy Group Inc.
• Wilmar International Limited
• Bunge Limited
• Neste Corporation
• BIOX Corporation
• Munzer Bioindustrie GmbH
• Emami Agrotech Limited
• Louis Dreyfus Company B.V.
• Crimson Renewable Energy L.P.
• Green Energy Biofuel LLC
• FutureFuel Corp.
• Delta American Fuel LLC
• HERO BX LLC
• Western Dubuque Biodiesel LLC
• Iowa Renewable Energy LLC
• Flint Hills Resources LLC
• World Energy Alternatives LLC
• Lake Erie Biofuels LLC
• Pacific Biodiesel Technologies LLC
• SeQuential LLC
• White Mountain Biodiesel LLC
• Blue Sun Biodiesel LLC
• Community Fuels Inc.
• Newport Biodiesel LLC
• Piedmont Biofuels Industrial LLC
• Verbio Vereinigte BioEnergie AG
What Are the Regions Driving Demand in the Biodiesel Market?
Western Europe was the largest region in the biodiesel market share in 2024
