Market Overview

The Global Biofuels Market was valued at USD 171,743.9 million in 2023 and is expected to reach USD 277,892.9 million by 2031 while growing at a CAGR of 6.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biofuels market growth. Biofuels, derived from organic materials like plants, are renewable energy sources. Environmentally friendly, they utilize biomass replenished through natural processes, with bioethanol and biodiesel being the two main types.

Increasing demand for sustainable transportation fuels, coupled with advances in technology enhancing efficiency and cost-effectiveness, drives the growth of the biofuels market. However, obstacles such as limited feedstock availability, competition, and technological and infrastructure challenges may hinder market expansion.

Furthermore, the global biofuels industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Fuel Type Analysis

The Global Biofuels Market is segmented among Ethanol, Biodiesel, and Other Fuel Types, based on Fuel Type. In 2023, Biodiesel accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Feedstock Analysis

The Global Biofuels Market is segmented among Palm Oil, Jatropha, Sugar Crop, Coarse Grain, and Other Feedstock, based on Feedstock. In 2023, Palm Oil accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Biofuels Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Abengoa Bioenergy SA, Cargill Incorporated, Shell PLC, Wilmar International Ltd., Renewable Energy Group Inc., Archer Daniels Midland Company, BP PLC, POET LLC, Neste Oyj, and Verbio Vereinigte BioEnergie AG.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Biofuels Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Biofuels Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Biofuels Market Segmentation, By Fuel Type   

• Global Biofuels Market Share Analysis, By Fuel Type   

• Global Biofuels Market Growth Analysis, By Fuel Type   

• Global Biofuels Market Trends, By Fuel Type   

o Ethanol

o Biodiesel

o Other Fuel Types

6. Global Biofuels Market Segmentation, By Feedstock

• Global Biofuels Market Share Analysis, By Feedstock

• Global Biofuels Market Growth Analysis, By Feedstock

• Global Biofuels Market Trends, By Feedstock

o Palm Oil

o Jatropha

o Sugar Crop

o Coarse Grain

o Other Feedstock

7. Global Biofuels Market Segmentation, By Region

• Global Biofuels Market Share Analysis, By Region

• Global Biofuels Market Growth Analysis, By Region

• Global Biofuels Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Abengoa Bioenergy SA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Cargill Incorporated

• Shell PLC

• Wilmar International Ltd.

• Renewable Energy Group Inc.

• Archer Daniels Midland Company

• BP PLC

• POET LLC

• Neste Oyj

• Verbio Vereinigte BioEnergie AG

 *Similar analysis will be provided for each company listed above.