Biofuels Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Report Covers Biofuels Market Size & Share and It is Segmented by Type (Biodiesel, Ethanol, and Other Types), Feedstock (Palm Oil, Jatropha, Sugar Crop, Coarse Grain, and Other Feedstock), and Geography (North America, Europe, Asia-Pacific, South America, the Middle East, and Africa). The Report Offers Market Size and Forecasts for the Biofuels Market in Volume for all the Above Segments.

Biofuels Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Biofuels Market Size

Biofuels Market Summary
Study Period 2020 - 2030
Market Volume (2025) 1.99 Million barrels of oil equivalent per day
Market Volume (2030) 2.56 Million barrels of oil equivalent per day
CAGR 5.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Biofuels Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Biofuels Market Analysis

The Biofuels Market size is estimated at 1.99 million barrels of oil equivalent per day in 2025, and is expected to reach 2.56 million barrels of oil equivalent per day by 2030, at a CAGR of 5.2% during the forecast period (2025-2030).

  • Over the medium term, the increasing demand for secure, sustainable, and clean energy coupled with government mandates for increasing blending in automotive fuels is expected to propel the demand for biofuels across the globe.
  • On the other hand, the high cost of production of biofuels, even with all the benefits associated with them, is likely to restrain the growth of the market.
  • Nevertheless, with the recent technological advancements, the production of biofuels has increased, which is going to act as an opportunity for the market's expansion.
  • North America dominates the market, and it is likely to witness the highest CAGR during the forecast period. The growth is attributed to the rapid increase in production facilities coupled with the increase in demand for biofuels in the region.

Biofuels Industry Overview

The biofuels market is fragmented. Some of the major players include (in no particular order) Archer Daniels Midland Company, Abengoa Bioenergy SA, Renewable Energy Group Inc., Cargill Incorporated, and POET LLC., among others.

Biofuels Market Leaders

  1. Abengoa Bioenergy S.A.

  2. POET, LLC

  3. Archer Daniels Midland Company

  4. Cargill Incorporated

  5. Renewable Energy Group, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Biofuels Market Concentration
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Biofuels Market News

  • April 2023: Cepsa awarded a contract for the engineering, procurement, and construction management support of the second-generation (2G) biofuels plant in southern Europe to the Técnicas Reunidas. This new plant will use agricultural waste and used cooking oils as feedstock. it will have two pre-treatment units and a flexible production capacity of around 500,000 tons of renewable diesel and sustainable aviation fuel (SAF) for use in air, sea, and land transport.
  • January 2023: Zagros Petrochemical Company and China's Dalian Petrochemical Company entered into the deal to establish a methanol-to-synthetic ethanol conversion plant in Iran, which would be the first plant of ethanol for Iran. The plant is estimated to have a production capacity of 300,000 tons and would be commissioned within three years.

Biofuels Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Biofuel Production Historic and Forecast, till 2028
  • 4.3 Biofuel Consumption Historic and Forecast, till 2028
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Increasing Demand for Secure, Sustainable, and Clean Energy
    • 4.6.2 Restraints
    • 4.6.2.1 High Cost of Production of Biofuels
  • 4.7 Supply Chain Analysis
  • 4.8 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitute Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fuel Type
    • 5.1.1 Ethanol
    • 5.1.2 Biodiesel
    • 5.1.3 Other Fuel Types
  • 5.2 Feedstock
    • 5.2.1 Palm Oil
    • 5.2.2 Jatropha
    • 5.2.3 Sugar Crop
    • 5.2.4 Coarse Grain
    • 5.2.5 Other Feedstock
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States of America
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Denmark
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Indonesia
    • 5.3.3.4 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Chile
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Abengoa Bioenergy SA
    • 6.3.2 Cargill Incorporated
    • 6.3.3 Shell PLC
    • 6.3.4 Wilmar International Ltd.
    • 6.3.5 Renewable Energy Group Inc.
    • 6.3.6 Archer Daniels Midland Company
    • 6.3.7 BP PLC
    • 6.3.8 POET LLC
    • 6.3.9 Neste Oyj
    • 6.3.10 Verbio Vereinigte BioEnergie AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancements in Production of Biofuels
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Biofuels Industry Segmentation

Biofuels usually refer to liquid fuels and blending elements produced from biomass materials called feedstocks. Most biofuels are used as transportation fuels, but they may also be used for heating and electricity generation. Due to its replenishable attributes, biofuel is considered a renewable energy source. It is affordable and an alternative to petroleum or other fossil fuels. It can be used as an energy source for vehicles and industrial applications.

The biofuel market is segmented by type, feedstock, and geography. By type, the market is segmented into biodiesel, ethanol, and other types. By feedstock, the market is segmented into palm oil, jatropha, sugar crop, coarse grain, and other feedstock. The report also covers the market size and forecasts across major regions. The market size and forecasts for each segment have been made based on volume.

Fuel Type Ethanol
Biodiesel
Other Fuel Types
Feedstock Palm Oil
Jatropha
Sugar Crop
Coarse Grain
Other Feedstock
Geography North America United States of America
Canada
Rest of North America
Geography Europe Germany
United Kingdom
Denmark
Rest of Europe
Geography Asia-Pacific China
India
Indonesia
Rest of Asia-Pacific
Geography South America Brazil
Argentina
Chile
Rest of South America
Geography Middle-East and Africa United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Biofuels Market Research FAQs

How big is the Biofuels Market?

The Biofuels Market size is expected to reach 1.99 million barrels of oil equivalent per day in 2025 and grow at a CAGR of 5.20% to reach 2.56 million barrels of oil equivalent per day by 2030.

What is the current Biofuels Market size?

In 2025, the Biofuels Market size is expected to reach 1.99 million barrels of oil equivalent per day.

Who are the key players in Biofuels Market?

Abengoa Bioenergy S.A., POET, LLC, Archer Daniels Midland Company, Cargill Incorporated and Renewable Energy Group, Inc. are the major companies operating in the Biofuels Market.

Which is the fastest growing region in Biofuels Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Biofuels Market?

In 2025, the North America accounts for the largest market share in Biofuels Market.

What years does this Biofuels Market cover, and what was the market size in 2024?

In 2024, the Biofuels Market size was estimated at 1.89 million barrels of oil equivalent per day. The report covers the Biofuels Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Biofuels Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Biofuels Industry Report

The global biofuels market is experiencing significant growth, driven by the rising demand for cleaner fuels, supportive government policies, and the need for energy security. Biofuels, derived from renewable sources such as crops, forestry residues, and municipal wastes, offer a viable alternative to fossil fuels. They play a crucial role in reducing greenhouse gas emissions and decreasing reliance on oil imports. The market is segmented by fuel types, including ethanol, biodiesel, renewable diesel, and biojets, with ethanol expected to see substantial growth due to its effectiveness in cutting transportation sector emissions.

North America is poised to lead the biofuels market, thanks to its advanced production facilities and favorable government initiatives. Despite challenges such as high initial capital investment and fluctuating feedstock costs, new oilfield discoveries and technological advancements are creating significant opportunities for the biofuel industry. This positions biofuels as an essential component in the transition to more sustainable energy sources.

Leading biofuels companies are leveraging detailed market analysis and insights to navigate the evolving landscape. For comprehensive statistics on biofuels market share, market size, revenue growth rate, and market outlook, Mordor Intelligence™ Industry Reports provide an in-depth biofuels analysis. This includes a historical overview and a free report PDF download for a sample of this industry analysis.

The biofuels market continues to evolve, with industry analysis highlighting the importance of industry growth and market analysis. Industry outlook and industry statistics are crucial for understanding market trends and market segmentation. Market data and market predictions offer valuable insights into the future of the biofuels industry. Industry reports and industry research are essential tools for companies looking to stay ahead in this dynamic market.

The market forecast indicates a positive trajectory for biofuels, with market leaders capitalizing on the growing demand. Industry information and market review provide a comprehensive view of the market value and market growth. Research companies play a vital role in providing market overview and industry sales data. The report example and report PDF offer a detailed look at the market segmentation and industry size, ensuring stakeholders are well-informed about the market trends and industry outlook.