Global Biodiesel Market Size 2019 by Feedstock (Vegetable Oil [Soybean oil, Canola oil, Other edible oils], Animal fats[Poultry, White grease, Tallow, Others]), by Application (Fuel[Automotive, Marines, Others], Power Generation, Others), by Region and Forecast to 2025
Apr 2020
Total Pages: 100
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The global biodiesel market value stood at USD 36.42 billion in 2019 and is projected to grow at a healthy CAGR of 4.7% over the forecast period. Growth in demand for environmentally friendly fuels that can produce low pollution is the key factor for the adoption of biodiesel. Furthermore, increasing demand for biodiesel in the automotive and power generation industry in place of fossil fuels is also anticipated to fuel the global biodiesel market over the forecast period.
.png "Global Biodiesel Market Size, 2019-2025 (USD Billion)")
Biodiesel is a renewable and clean-burning advanced biofuel that can be produced from diverse sources such as vegetable oils and animal fats. Biodiesel is seen as a sustainable, domestic, and clean biofuel which is mainly produced from a chemical reaction known as esterification. Biodiesel can be produced in different blends and purity forms depending upon the application. The biodiesel industry is projected to witness rapid growth in the coming years on account of the environmental pollution and resource depletion of traditional fossil fuels such as coal. To diversify the energy mix and lower dependency upon fossil fuels, biodiesels are getting rapidly adopted by diverse industry verticals. Biodiesel is getting increasingly used in the automotive industry as it is compatible with the existing engine and fuel utilization structure. In power generation, biofuels are used to run generators for generating electricity. Overall, the global biofuel market is estimated to witness impressive growth in the coming years.
Key segments of the global biodiesel market
Feedstock Overview, 2015-2025 (Million Litres) (USD Million)
- Vegetable Oils
- Soybean oil
- Canola oil
- Other edible oils
- Animal fats
- Poultry
- White grease
- Tallow
- Others
Application Overview, 2015-2025 (Million Litres) (USD Million)
- Fuel
- Automotive
- Marines
- Others
- Power generation
- Others
Regional Overview, 2015-2025 (Million Litres) (USD Million)
- North America
- US
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global biodiesel market
- The global biodiesel market has been mainly driven by increasing demand from end user industry and shifting focus from fossil fuel to other viable sources
What does the report include?
- The study on the global biodiesel market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of feedstock and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- Executives of global biodiesel companies that are engaged in the biodiesel production
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global biodiesel market
- Venture capitalists and investors looking for more information on the future outlook of the Global biodiesel market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Usage of biodiesel to reduce greenhouse emission and air pollution-
Biodiesel is biodegradable, clean, and non-toxic gas and is widely seen as an alternative to conventional fossil fuel sources. Biodiesels are free of sulfur compounds and aromatics that are known to cause air pollution. When compared to petroleum and diesel fuel, biodiesel combustion produces very few air pollutants such as hydrocarbons, sulfur dioxide, particulates, carbon monoxide, and air toxic particulates. The major benefit of biodiesel fuel is its carbon-neutral nature. Biodiesel does not produce net output in the form of CO2 or carbon dioxide gas when the combustion takes place owing to which biodiesel is seen as an effective alternative for fossil fuel-based energy sources such as coal. Vegetable oil crops absorb a large amount of carbon dioxide as they grow owing to which they can curb greenhouse emissions up to a large extent. Soybean and palm oil trees as some of the main sources that absorb carbon dioxide.
By region, Europe is the largest consumer of biodiesel owing to stringent environmental regulations. However, other regions such as North America and the Asia Pacific are also getting inclined towards increasing the adoption of biodiesel. For instance, according to US EPA, the US consumption for biodiesel in 2015 was about 2 billion gallons which considerably reduced the carbon emission. On the other hand, in 2018, Union Cabinet approved the latest edition on National Policy on Biofuels, which aims to achieve 20% blending of biofuels with fossil-based fuels by 2030 thereby diversifying the energy mix.
The global biodiesel market is segmented based on feedstock and application respectively.
Global biodiesel market by feedstock-
Based on feedstock, the global biodiesel market is categorized into vegetable oil and animal fats. The vegetable oil segment is further categorized into soybean oil, canola oil, and other edible oils whereas the animal fats segment is sub-divided into poultry, white grease, tallow, and others.
By feedstock, vegetable oils dominated the biodiesel market with >75% market share in 2019. The presence of a large number of manufacturers and awareness regarding production technology and yields has led to increased production as well as consumption of vegetable oils. Soyabean oil, corn oil, and canola oils are widely produced and used for producing vegetable oils. However, the availability of crops is varied with each region thereby affecting the demand.
Global biodiesel market by application-
Based on the application, the global biodiesel market is segmented fuel, power generation, and others. The fuel application segment is further categorized into automotive, marines, and other segments. By application, the fuel segment dominated the market and is projected to further maintain its dominance during the forecast period. Biodiesels are increasingly replacing fossil fuels in the commercial vehicles segment is seen as a key driver for the market. Furthermore, growing support from governments and environmental associations for biodiesels in order to reduce the greenhouse emissions is projected to propel the market growth.
On the basis of region, the global biodiesel market is categorized into key geographical regions such as Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. Furthermore, the global biodiesel market is also studied for key countries such as the UK, US, China, Germany, India among others.
By region, Europe dominated the global biodiesel market with >38% market share in 2019. Owing to stringent environmental regulations for greenhouse gas emissions, the product has been adopted at an early stage as compared with other regions. The demand for biodiesel in the region is now expected to grow at a stable pace in the near future. However, Asia Pacific is projected to witness the fastest growth in demand in the coming years owing to rapid growth in the automotive industry in the region. North America and the Middle East are also projected to witness positive growth in the biodiesel market in the coming years.
In terms of market competitiveness, the global biodiesel market is a fragmented market with a large number of suppliers and mid & small scale producers. Forming supply chain partnerships and collaborations is one of the key strategies adopted by the players in order to expand their distribution presence as well as increase their customer base. Key players operating in the global biodiesel market are Archer Daniels Midland Company (ADM), Bunge Limited, Neste Corporation, Wilmar International Limited, Cargill Inc., Renewable Energy Group Inc., Biox Corporation, Louis Dreyfus Company, Terravia Holdings Inc., Münzer Bioindustrie GmbH among others.
The global biodiesel market value stood at USD 36.42 billion in 2019 and is projected to grow at a healthy CAGR of 4.7% over the forecast period. Growth in demand for environmentally friendly fuels that can produce low pollution is the key factor for the adoption of biodiesel. Furthermore, increasing demand for biodiesel in the automotive and power generation industry in place of fossil fuels is also anticipated to fuel the global biodiesel market over the forecast period.
Biodiesel is a renewable and clean-burning advanced biofuel that can be produced from diverse sources such as vegetable oils and animal fats. Biodiesel is seen as a sustainable, domestic, and clean biofuel which is mainly produced from a chemical reaction known as esterification. Biodiesel can be produced in different blends and purity forms depending upon the application. The biodiesel industry is projected to witness rapid growth in the coming years on account of the environmental pollution and resource depletion of traditional fossil fuels such as coal. To diversify the energy mix and lower dependency upon fossil fuels, biodiesels are getting rapidly adopted by diverse industry verticals. Biodiesel is getting increasingly used in the automotive industry as it is compatible with the existing engine and fuel utilization structure. In power generation, biofuels are used to run generators for generating electricity. Overall, the global biofuel market is estimated to witness impressive growth in the coming years.
Key segments of the global biodiesel market
Feedstock Overview, 2015-2025 (Million Litres) (USD Million)
- Vegetable Oils
- Soybean oil
- Canola oil
- Other edible oils
- Animal fats
- Poultry
- White grease
- Tallow
- Others
Application Overview, 2015-2025 (Million Litres) (USD Million)
- Fuel
- Automotive
- Marines
- Others
- Power generation
- Others
Regional Overview, 2015-2025 (Million Litres) (USD Million)
- North America
- US
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global biodiesel market
- The global biodiesel market has been mainly driven by increasing demand from end user industry and shifting focus from fossil fuel to other viable sources
What does the report include?
- The study on the global biodiesel market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of feedstock and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- Executives of global biodiesel companies that are engaged in the biodiesel production
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global biodiesel market
- Venture capitalists and investors looking for more information on the future outlook of the Global biodiesel market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Chapter 1. Introduction
1.1. Introduction to the Study
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
Chapter 2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.2.1. Primary Sources
2.2.2. Secondary Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Assumptions and Limitations
Chapter 3. Executive Summary
Chapter 4. Market Outlook
4.1. Introduction
4.2. Market dynamics
4.2.1. Market Drivers
4.2.2. Market Restraints
4.2.3. Market Opportunities
4.3. Porter’s Five Forces analysis
4.4. Value chain analysis
4.5. Regulatory framework
Chapter 5. Global Biodiesel Market Overview, By Feedstock
5.1. Introduction
5.2. Vegetable Oils
5.2.1. Soybean oil
5.2.2. Canola oil
5.2.3. Other edible oils
5.3. Animal fats
5.3.1. Poultry
5.3.2. White grease
5.3.3. Tallow
5.3.4. Others
Chapter 6. Global Biodiesel Market Overview, By Application
6.1. Introduction
6.2. Fuel
6.2.1. Automotive
6.2.2. Marines
6.2.3. Others
6.3. Power generation
6.4. Others
Chapter 7. Global Biodiesel Market Overview, By Region
7.1. Introduction
7.2. North America
7.2.1. US
7.2.2. Canada
7.3. Europe
7.3.1. Germany
7.3.2. UK
7.3.3. France
7.3.4. Rest of Europe
7.4. Asia Pacific
7.4.1. China
7.4.2. Japan
7.4.3. India
7.4.4. Rest of Asia Pacific
7.5. Latin America
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Rest of Latin America
7.6. Middle East & Africa
Chapter 8. Company Profiles
8.1. Archer Daniels Midland Company (ADM)
8.1.1. Company overview
8.1.2. Product portfolio
8.1.3. Key developments
8.1.4. Financial performance
8.2. Bunge Limited
8.2.1. Company overview
8.2.2. Product portfolio
8.2.3. Key developments
8.2.4. Financial performance
8.3. Neste Corporation
8.3.1. Company overview
8.3.2. Product portfolio
8.3.3. Key developments
8.3.4. Financial performance
8.4. Wilmar International Limited
8.4.1. Company overview
8.4.2. Product portfolio
8.4.3. Key developments
8.4.4. Financial performance
8.5. Cargill Inc.
8.5.1. Company overview
8.5.2. Product portfolio
8.5.3. Key developments
8.5.4. Financial performance
8.6. Renewable Energy Group Inc.
8.6.1. Company overview
8.6.2. Product portfolio
8.6.3. Key developments
8.6.4. Financial performance
8.7. Biox Corporation
8.7.1. Company overview
8.7.2. Product portfolio
8.7.3. Key developments
8.7.4. Financial performance
8.8. Louis Dreyfus Company
8.8.1. Company overview
8.8.2. Product portfolio
8.8.3. Key developments
8.8.4. Financial performance
8.9. Terravia Holdings Inc.
8.9.1. Company overview
8.9.2. Product portfolio
8.9.3. Key developments
8.9.4. Financial performance
8.10. Münzer Bioindustrie GmbH
8.10.1. Company overview
8.10.2. Product portfolio
8.10.3. Key developments
8.10.4. Financial performance
Chapter 9. Competitive Landscape
9.1. Competitive Landscape 2019
9.2. Global ranking/positioning
9.3. Strategic Framework