Global Hydrotreated Vegetable Oil (HVO) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Hydrotreated Vegetable Oil (HVO) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hydrotreated Vegetable Oil (HVO) market size was valued at US$ 18540 million in 2024 and is forecast to a readjusted size of USD 37710 million by 2031 with a CAGR of 12.0% during review period.

Hydrotreated vegetable oil (HVO) is a renewable diesel produced through a hydrogenation process. The process uses vegetable oil, animal fat or waste oil as raw materials, removes oxygen molecules through hydrogenation, and obtains a clean fuel with chemical properties similar to traditional fossil diesel. HVO has excellent combustion performance and lower carbon emissions. Compared with traditional diesel, it can not only reduce greenhouse gas emissions, but also can be used directly in existing diesel engines. Therefore, it is widely used in transportation and other fields that require diesel.

Hydrogenated vegetable oil (HVO) is an advanced biofuel made by hydrotreating vegetable oil and waste oils, with chemical properties and combustion performance similar to traditional diesel. Compared with traditional biodiesel, HVO has higher energy density, better low-temperature performance and lower pollutant emissions, such as nitrogen oxides and particulate matter, and can effectively reduce carbon dioxide emissions. Due to its renewability and low environmental impact, HVO is regarded as a sustainable alternative fuel suitable for existing diesel engines and infrastructure. It is widely used in transportation, shipping and industry to help the transition to a low-carbon economy. The classification of hydrogenated vegetable oil (HVO) is divided into eco-refining technology-based, co-processing technology-based and others, among which eco-refining technology-based revenue accounts for a large proportion, accounting for 67.26% in 2023. The applications of hydrogenated vegetable oil (HVO) are divided into automotive, generators, industrial power systems and others, among which automotive revenue accounts for a large proportion, accounting for 68.97% in 2023.

This report is a detailed and comprehensive analysis for global Hydrotreated Vegetable Oil (HVO) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Hydrotreated Vegetable Oil (HVO) market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031

Global Hydrotreated Vegetable Oil (HVO) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031

Global Hydrotreated Vegetable Oil (HVO) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031

Global Hydrotreated Vegetable Oil (HVO) market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrotreated Vegetable Oil (HVO)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrotreated Vegetable Oil (HVO) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Neste, Diamond Green Diesel, UPM Biofuels, Renewable Energy Group, Eni, World Energy, TotalEnergies, Preem, Repsol, Cepsa, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrotreated Vegetable Oil (HVO) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Based on Ecofining Technology
Based on Co-Processing Technology
Other

Market segment by Application
Vehicle
Generator
Industrial Power System
Other

Major players covered
Neste
Diamond Green Diesel
UPM Biofuels
Renewable Energy Group
Eni
World Energy
TotalEnergies
Preem
Repsol
Cepsa
NextChem(Maire Tecnimont)
Axens
BP
Certas Energy

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrotreated Vegetable Oil (HVO) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrotreated Vegetable Oil (HVO), with price, sales quantity, revenue, and global market share of Hydrotreated Vegetable Oil (HVO) from 2020 to 2025.

Chapter 3, the Hydrotreated Vegetable Oil (HVO) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrotreated Vegetable Oil (HVO) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Hydrotreated Vegetable Oil (HVO) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrotreated Vegetable Oil (HVO).

Chapter 14 and 15, to describe Hydrotreated Vegetable Oil (HVO) sales channel, distributors, customers, research findings and conclusion.