Product Code: IRTNTR43406
The biofuels market is forecasted to grow by USD 32.6 bn during 2024-2029, accelerating at a CAGR of 3.8% during the forecast period. The report on the biofuels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of renewable sources of energy, rising need for cleaner fuels, and increasing government support.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 3.6% |
CAGR | 3.8% |
Incremental Value | $32.6 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's biofuels market is segmented as below:
By Application
- Transportation
- Aviation
- Heating
- Energy generation
- Others
By Product
By Material
- Starch crops and sugar crops
- Agricultural residues
- Oil crops
- Waste oils and fats
- Algae and non-food crops
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the research on third-generation biofuel called algae fuel as one of the prime reasons driving the biofuels market growth during the next few years. Also, expansion of advanced biofuels and need to comply with environmental regulations will lead to sizable demand in the market.
The report on the biofuels market covers the following areas:
- Biofuels Market sizing
- Biofuels Market forecast
- Biofuels Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biofuels market vendors that include Advance Biofuel, ALTO INGREDIENTS Inc., Archer Daniels Midland Co., Argent Energy UK Ltd., BlueFire Renewables Inc., Bunge Global SA, Cargill Inc., Chevron Corp., ENERKEM Inc., KFS Biodiesel GmbH and Co. KG, Louis Dreyfus Co. BV, Munzer Bioindustrie GmbH, Neste Corp., POET LLC, RB FUELS, Shell plc, Valero Energy Corp., Vance Group Ltd., and Wilmar International Ltd.. Also, the biofuels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Material
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Biofuels Market 2019 - 2023
- Historic Market Size - Data Table on Global Biofuels Market 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
- 5.4 Material segment analysis 2019 - 2023
- Historic Market Size - Material Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI in the Global Biofuels Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Transportation - Market size and forecast 2024-2029
- Chart on Transportation - Market size and forecast 2024-2029 ($ billion)
- Data Table on Transportation - Market size and forecast 2024-2029 ($ billion)
- Chart on Transportation - Year-over-year growth 2024-2029 (%)
- Data Table on Transportation - Year-over-year growth 2024-2029 (%)
- 8.4 Aviation - Market size and forecast 2024-2029
- Chart on Aviation - Market size and forecast 2024-2029 ($ billion)
- Data Table on Aviation - Market size and forecast 2024-2029 ($ billion)
- Chart on Aviation - Year-over-year growth 2024-2029 (%)
- Data Table on Aviation - Year-over-year growth 2024-2029 (%)
- 8.5 Heating - Market size and forecast 2024-2029
- Chart on Heating - Market size and forecast 2024-2029 ($ billion)
- Data Table on Heating - Market size and forecast 2024-2029 ($ billion)
- Chart on Heating - Year-over-year growth 2024-2029 (%)
- Data Table on Heating - Year-over-year growth 2024-2029 (%)
- 8.6 Energy generation - Market size and forecast 2024-2029
- Chart on Energy generation - Market size and forecast 2024-2029 ($ billion)
- Data Table on Energy generation - Market size and forecast 2024-2029 ($ billion)
- Chart on Energy generation - Year-over-year growth 2024-2029 (%)
- Data Table on Energy generation - Year-over-year growth 2024-2029 (%)
- 8.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.8 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Ethanol - Market size and forecast 2024-2029
- Chart on Ethanol - Market size and forecast 2024-2029 ($ billion)
- Data Table on Ethanol - Market size and forecast 2024-2029 ($ billion)
- Chart on Ethanol - Year-over-year growth 2024-2029 (%)
- Data Table on Ethanol - Year-over-year growth 2024-2029 (%)
- 9.4 Biodiesel - Market size and forecast 2024-2029
- Chart on Biodiesel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Biodiesel - Market size and forecast 2024-2029 ($ billion)
- Chart on Biodiesel - Year-over-year growth 2024-2029 (%)
- Data Table on Biodiesel - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
10 Market Segmentation by Material
- 10.1 Market segments
- Chart on Material - Market share 2024-2029 (%)
- Data Table on Material - Market share 2024-2029 (%)
- 10.2 Comparison by Material
- Chart on Comparison by Material
- Data Table on Comparison by Material
- 10.3 Starch crops and sugar crops - Market size and forecast 2024-2029
- Chart on Starch crops and sugar crops - Market size and forecast 2024-2029 ($ billion)
- Data Table on Starch crops and sugar crops - Market size and forecast 2024-2029 ($ billion)
- Chart on Starch crops and sugar crops - Year-over-year growth 2024-2029 (%)
- Data Table on Starch crops and sugar crops - Year-over-year growth 2024-2029 (%)
- 10.4 Agricultural residues - Market size and forecast 2024-2029
- Chart on Agricultural residues - Market size and forecast 2024-2029 ($ billion)
- Data Table on Agricultural residues - Market size and forecast 2024-2029 ($ billion)
- Chart on Agricultural residues - Year-over-year growth 2024-2029 (%)
- Data Table on Agricultural residues - Year-over-year growth 2024-2029 (%)
- 10.5 Oil crops - Market size and forecast 2024-2029
- Chart on Oil crops - Market size and forecast 2024-2029 ($ billion)
- Data Table on Oil crops - Market size and forecast 2024-2029 ($ billion)
- Chart on Oil crops - Year-over-year growth 2024-2029 (%)
- Data Table on Oil crops - Year-over-year growth 2024-2029 (%)
- 10.6 Waste oils and fats - Market size and forecast 2024-2029
- Chart on Waste oils and fats - Market size and forecast 2024-2029 ($ billion)
- Data Table on Waste oils and fats - Market size and forecast 2024-2029 ($ billion)
- Chart on Waste oils and fats - Year-over-year growth 2024-2029 (%)
- Data Table on Waste oils and fats - Year-over-year growth 2024-2029 (%)
- 10.7 Algae and non-food crops - Market size and forecast 2024-2029
- Chart on Algae and non-food crops - Market size and forecast 2024-2029 ($ billion)
- Data Table on Algae and non-food crops - Market size and forecast 2024-2029 ($ billion)
- Chart on Algae and non-food crops - Year-over-year growth 2024-2029 (%)
- Data Table on Algae and non-food crops - Year-over-year growth 2024-2029 (%)
- 10.8 Market opportunity by Material
- Market opportunity by Material ($ billion)
- Data Table on Market opportunity by Material ($ billion)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.11 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.12 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.13 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.14 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.15 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.17 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ALTO INGREDIENTS Inc.
- ALTO INGREDIENTS Inc. - Overview
- ALTO INGREDIENTS Inc. - Business segments
- ALTO INGREDIENTS Inc. - Key offerings
- ALTO INGREDIENTS Inc. - Segment focus
- SWOT
- 15.5 Archer Daniels Midland Co.
- Archer Daniels Midland Co. - Overview
- Archer Daniels Midland Co. - Business segments
- Archer Daniels Midland Co. - Key news
- Archer Daniels Midland Co. - Key offerings
- Archer Daniels Midland Co. - Segment focus
- SWOT
- 15.6 Argent Energy UK Ltd.
- Argent Energy UK Ltd. - Overview
- Argent Energy UK Ltd. - Product / Service
- Argent Energy UK Ltd. - Key offerings
- SWOT
- 15.7 BlueFire Renewables Inc.
- BlueFire Renewables Inc. - Overview
- BlueFire Renewables Inc. - Product / Service
- BlueFire Renewables Inc. - Key offerings
- SWOT
- 15.8 Bunge Global SA
- Bunge Global SA - Overview
- Bunge Global SA - Business segments
- Bunge Global SA - Key news
- Bunge Global SA - Key offerings
- Bunge Global SA - Segment focus
- SWOT
- 15.9 Cargill Inc.
- Cargill Inc. - Overview
- Cargill Inc. - Product / Service
- Cargill Inc. - Key offerings
- SWOT
- 15.10 Chevron Corp.
- Chevron Corp. - Overview
- Chevron Corp. - Business segments
- Chevron Corp. - Key news
- Chevron Corp. - Key offerings
- Chevron Corp. - Segment focus
- SWOT
- 15.11 KFS Biodiesel GmbH and Co. KG
- KFS Biodiesel GmbH and Co. KG - Overview
- KFS Biodiesel GmbH and Co. KG - Product / Service
- KFS Biodiesel GmbH and Co. KG - Key offerings
- SWOT
- 15.12 Louis Dreyfus Co. BV
- Louis Dreyfus Co. BV - Overview
- Louis Dreyfus Co. BV - Product / Service
- Louis Dreyfus Co. BV - Key offerings
- SWOT
- 15.13 Munzer Bioindustrie GmbH
- Munzer Bioindustrie GmbH - Overview
- Munzer Bioindustrie GmbH - Product / Service
- Munzer Bioindustrie GmbH - Key offerings
- SWOT
- 15.14 Neste Corp.
- Neste Corp. - Overview
- Neste Corp. - Business segments
- Neste Corp. - Key news
- Neste Corp. - Key offerings
- Neste Corp. - Segment focus
- SWOT
- 15.15 POET LLC
- POET LLC - Overview
- POET LLC - Product / Service
- POET LLC - Key offerings
- SWOT
- 15.16 RB FUELS
- RB FUELS - Overview
- RB FUELS - Product / Service
- RB FUELS - Key offerings
- SWOT
- 15.17 Valero Energy Corp.
- Valero Energy Corp. - Overview
- Valero Energy Corp. - Business segments
- Valero Energy Corp. - Key offerings
- Valero Energy Corp. - Segment focus
- SWOT
- 15.18 Wilmar International Ltd.
- Wilmar International Ltd. - Overview
- Wilmar International Ltd. - Business segments
- Wilmar International Ltd. - Key offerings
- Wilmar International Ltd. - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations