Global Biofuels Market Growth 2023-2029

Global Biofuels Market Growth 2023-2029

Biofuels are non-fossil fuels. They are energy carriers that store the energy derived from organic materials (biomass), including plant materials and animal waste. First-generation biofuels are currently produced from food crops such as sugar cane and rapeseed. They include bioethanol (made from sugars and starch) and biodiesel (made from vegetable oil). Second-generation biofuels are under development and will be derived from non-food plant matter such as crop residues and agricultural or municipal wastes. They include bioethanol made from cellulosic materials such as straw or wood.

The two most widely used types of biofuels are bioethanol and biodiesel, so this report only focuses on bioethanol and biodiesel.

LPI (LP Information)' newest research report, the “Biofuels Industry Forecast” looks at past sales and reviews total world Biofuels sales in 2022, providing a comprehensive analysis by region and market sector of projected Biofuels sales for 2023 through 2029. With Biofuels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biofuels industry.

This Insight Report provides a comprehensive analysis of the global Biofuels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biofuels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biofuels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biofuels and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biofuels.

The global Biofuels market size is projected to grow from US$ 71250 million in 2022 to US$ 99420 million in 2029; it is expected to grow at a CAGR of 99420 from 2023 to 2029.

United States is the largest Biofuels market with about 54% market share. South America is follower, accounting for about 28% market share.

The key players are Diester Industries, Neste Oil Rotterdam, ADM, Infinita Renovables, Biopetrol, Cargill, Ital Green Oil, Glencore, Louis Dreyfus, Renewable Energy Group, RBF Port Neches, Ag Processing, Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru, Jinergy, Hebei Jingu Group, Longyan Zhuoyue, Shandong Jinjiang etc. Top 3 companies occupied about 13% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Biofuels market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Bioethanol

Biodiesel

Segmentation by application

Industrial Fuels

Transportation Fuels

Chemical Industry

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Diester Industries

Neste Oil Rotterdam

ADM

Infinita Renovables

Biopetrol

Cargill

Ital Green Oil

Glencore

Louis Dreyfus

Renewable Energy Group

RBF Port Neches

Ag Processing

Elevance

Marathon Petroleum Corporation

Evergreen Bio Fuels

Minnesota Soybean Processors

Caramuru

Jinergy

Hebei Jingu Group

Longyan Zhuoyue

Shandong Jinjiang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biofuels market?

What factors are driving Biofuels market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biofuels market opportunities vary by end market size?

How does Biofuels break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.