Market Summary
Research Methodology on Biofuel Market
The research conducted for preparing the report on the Biofuel market is based on a thorough analysis of primary and secondary sources and surveys of market participants.
Primary research
Primary research is conducted by gathering data and information through interviews with key market participants and experts. Interviews are conducted with suppliers, manufacturers, distributors and industry experts. The primary research includes open-ended and close-ended questions in the form of surveys. The information collected from the key market players provides a comprehensive analysis of the current market scenario, trends and future growth prospects.
Secondary research
Secondary research is based on sources such as industry journals, trade associations, reports and other relevant sources. The secondary research helps in understanding the competitive landscape, future markets, industry trends and growth prospects.
Data triangulation
The information gathered from the interviews and secondary research was further analyzed and evaluated to conclude. The obtained data is compared, validated and checked for accuracy. A combination of qualitative and quantitative analysis is used to find out the market potential and size. The data triangulation also helps in identifying the different market segments and estimating the market size and growth opportunities.
The assumptions and estimations used in this report are based on primary and secondary research. The reported data and market trends are verified by conducting interviews with industry experts and stakeholders.
Market size estimation
The market size is estimated using top-down and bottom-up methods and using the derived data from the surveys, interviews and secondary research. The global market size is derived using a combination of primary and secondary research. The key players in the market are identified and the market size is estimated using a bottom-up approach.
Regional Analysis
The regional analysis is conducted for five different regions globally and the market size is estimated using the bottom-up approach. The regional market size is derived from interviews, surveys and secondary research. Market trends and growth opportunities are identified from the surveys and interviews.
Data collection
The data collected for the report is based on the interviews and surveys conducted with the key players and stakeholders in the industry. The data collection is done using an online survey platform. The research team also interviewed industry experts and stakeholders to gain more insights into the market.
Data analysis
The data collected from the surveys, interviews and secondary research is analyzed using both qualitative and quantitative methods. The qualitative analysis included Porter’s five force analysis and market attractiveness analysis. The quantitative analysis included market sizing and estimating the regional market sizes.
Report assumptions
The report is based on certain assumptions like:
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The legal and regulatory framework governing the bio-fuels industry does not undergo any major changes during the forecast period.
-
The demand for biofuels is consistent with the growth trajectory.
-
The government initiatives and policies are beneficial to the growth of the biofuels market.
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The pricing and supply trends remain static during the forecast period (2023 to 2030).
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There is no significant disruption in the supply chain or any external factors that can affect the market size.
Market Size & Forecast
Report Attribute/Metric |
Details |
Market Size 2023 |
136.92 (USD Billion) |
Market Size 2024 |
143.97 (USD Billion) |
Market Size 2035 |
250.0 (USD Billion) |
Compound Annual Growth Rate (CAGR) |
5.15% (2025 - 2035) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2024 |
Market Forecast Period |
2025 - 2035 |
Historical Data |
2019 - 2024 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Lime Energy, Archers Daniel Midland, Renewable Energy Group, Valero Energy Corporation, Pacific Biodiesel, Bunge Limited, Infinita Renovables, Green Plains Inc., World Energy Holdings, ADM, Algenol Biotech, Cargill Incorporated, POET LLC, Bioprocess Algae, Neste Corporation |
Segments Covered |
Type, Feedstock, Application, End Use, Regional |
Key Market Opportunities |
Rising government mandates, Advancements in production technologies, Increasing biofuel adoption in transportation, Growing demand for sustainable energy, Expanding use in the aviation sector |
Key Market Dynamics |
Government policies and incentives, Rising demand for renewable energy, Technological advancements in production, Fluctuating oil prices, Environmental sustainability concerns |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Major Players
Biofuels Market Segmentation
-
Biofuels Market By Type (USD Billion, 2019-2035)
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
Biofuels Market By Feedstock (USD Billion, 2019-2035)
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
Biofuels Market By Application (USD Billion, 2019-2035)
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
Biofuels Market By End Use (USD Billion, 2019-2035)
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
Biofuels Market By Regional (USD Billion, 2019-2035)
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
-
Biofuels Market Regional Outlook (USD Billion, 2019-2035)
-
North America Outlook (USD Billion, 2019-2035)
-
North America Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
North America Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
North America Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
North America Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
North America Biofuels Market by Regional Type
-
US
-
Canada
-
-
US Outlook (USD Billion, 2019-2035)
-
US Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
US Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
US Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
US Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
CANADA Outlook (USD Billion, 2019-2035)
-
CANADA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
CANADA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
CANADA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
CANADA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
-
Europe Outlook (USD Billion, 2019-2035)
-
Europe Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
Europe Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
Europe Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
Europe Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
Europe Biofuels Market by Regional Type
-
Germany
-
UK
-
France
-
Russia
-
Italy
-
Spain
-
Rest of Europe
-
-
GERMANY Outlook (USD Billion, 2019-2035)
-
GERMANY Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
GERMANY Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
GERMANY Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
GERMANY Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
UK Outlook (USD Billion, 2019-2035)
-
UK Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
UK Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
UK Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
UK Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
FRANCE Outlook (USD Billion, 2019-2035)
-
FRANCE Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
FRANCE Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
FRANCE Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
FRANCE Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
RUSSIA Outlook (USD Billion, 2019-2035)
-
RUSSIA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
RUSSIA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
RUSSIA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
RUSSIA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
ITALY Outlook (USD Billion, 2019-2035)
-
ITALY Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
ITALY Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
ITALY Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
ITALY Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
SPAIN Outlook (USD Billion, 2019-2035)
-
SPAIN Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
SPAIN Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
SPAIN Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
SPAIN Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
REST OF EUROPE Outlook (USD Billion, 2019-2035)
-
REST OF EUROPE Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
REST OF EUROPE Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
REST OF EUROPE Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
REST OF EUROPE Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
-
APAC Outlook (USD Billion, 2019-2035)
-
APAC Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
APAC Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
APAC Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
APAC Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
APAC Biofuels Market by Regional Type
-
China
-
India
-
Japan
-
South Korea
-
Malaysia
-
Thailand
-
Indonesia
-
Rest of APAC
-
-
CHINA Outlook (USD Billion, 2019-2035)
-
CHINA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
CHINA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
CHINA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
CHINA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
INDIA Outlook (USD Billion, 2019-2035)
-
INDIA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
INDIA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
INDIA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
INDIA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
JAPAN Outlook (USD Billion, 2019-2035)
-
JAPAN Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
JAPAN Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
JAPAN Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
JAPAN Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
SOUTH KOREA Outlook (USD Billion, 2019-2035)
-
SOUTH KOREA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
SOUTH KOREA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
SOUTH KOREA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
SOUTH KOREA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
MALAYSIA Outlook (USD Billion, 2019-2035)
-
MALAYSIA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
MALAYSIA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
MALAYSIA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
MALAYSIA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
THAILAND Outlook (USD Billion, 2019-2035)
-
THAILAND Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
THAILAND Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
THAILAND Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
THAILAND Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
INDONESIA Outlook (USD Billion, 2019-2035)
-
INDONESIA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
INDONESIA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
INDONESIA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
INDONESIA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
REST OF APAC Outlook (USD Billion, 2019-2035)
-
REST OF APAC Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
REST OF APAC Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
REST OF APAC Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
REST OF APAC Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
-
South America Outlook (USD Billion, 2019-2035)
-
South America Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
South America Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
South America Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
South America Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
South America Biofuels Market by Regional Type
-
Brazil
-
Mexico
-
Argentina
-
Rest of South America
-
-
BRAZIL Outlook (USD Billion, 2019-2035)
-
BRAZIL Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
BRAZIL Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
BRAZIL Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
BRAZIL Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
MEXICO Outlook (USD Billion, 2019-2035)
-
MEXICO Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
MEXICO Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
MEXICO Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
MEXICO Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
ARGENTINA Outlook (USD Billion, 2019-2035)
-
ARGENTINA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
ARGENTINA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
ARGENTINA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
ARGENTINA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
-
REST OF SOUTH AMERICA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
REST OF SOUTH AMERICA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
REST OF SOUTH AMERICA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
REST OF SOUTH AMERICA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
-
MEA Outlook (USD Billion, 2019-2035)
-
MEA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
MEA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
MEA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
MEA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
MEA Biofuels Market by Regional Type
-
GCC Countries
-
South Africa
-
Rest of MEA
-
-
GCC COUNTRIES Outlook (USD Billion, 2019-2035)
-
GCC COUNTRIES Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
GCC COUNTRIES Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
GCC COUNTRIES Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
GCC COUNTRIES Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
SOUTH AFRICA Outlook (USD Billion, 2019-2035)
-
SOUTH AFRICA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
SOUTH AFRICA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
SOUTH AFRICA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
SOUTH AFRICA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
-
REST OF MEA Outlook (USD Billion, 2019-2035)
-
REST OF MEA Biofuels Market by Type
-
Bioethanol
-
Biodiesel
-
Biogas
-
Advanced Biofuels
-
-
REST OF MEA Biofuels Market by Feedstock Type
-
Food Crops
-
Non-Food Crops
-
Waste Materials
-
Algae
-
-
REST OF MEA Biofuels Market by Application Type
-
Transportation
-
Power Generation
-
Heating
-
Industrial
-
-
REST OF MEA Biofuels Market by End Use Type
-
Automotive
-
Aviation
-
Marine
-
Residential
-
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