Industry: Energy & Power
Published Date: 2025-12-01
Pages: 107 Pages
Report ld: 4274474
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Biofuel Market Size(US$)

CAGR 2025-2031
10.7%
Market Size,2031
USD 302,954
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Biofuel was valued at US$ 152604 million in the year 2024 and is projected to reach a revised size of US$ 302954 million by 2031, growing at a CAGR of 10.7% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Biofuel competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
Global biofuel sales reached 145 million tons in 2024, with an average selling price of $1050 per ton.
Solid, liquid, or gaseous fuels that are produced from biomass are called biofuels. They are renewable and are good substitutes to fossil fuels. Most biofuels available in the market today are made from plants. They are often used as transportation fuels.
Certain plants are being cultivated specifically for biofuel production. In the U.S., switchgrass, soybeans, and corn are the major sources of biofuel. Brazil uses sugar cane while Europe processes sugar beet and wheat. Other agricultural products being processed into biofuels are cassava and sorghum in China, miscanthus and palm oil in Southeast Asia, and jatropha in India.
Examples of biofuels are biodiesel, bio-alcohols (bio-ethanol, biomethanol, biobutanol), biogas, syngas, and solid biofuels like wood, charcoal, and sawdust. Countries that have strongly promoted biofuel development and use include Brazil, the U.S., France, Sweden, and Germany.
The two most widely used types of biofuels are bio-alcohols and biodiesel, so this report mainly focuses on bio-ethanol and biodiesel.
Raw materials for biofuels can be divided into three main categories: traditional (edible crops such as corn, sugarcane, rapeseed, and palm oil), advanced lignocellulose (straw, rice husks, forestry residues, and energy grasses), and waste and algae (waste oil, gutter oil, microalgae, and animal fat). First-generation raw materials have high yields but compete with human resources for food, still accounting for over 70% of global bioethanol/biodiesel production. Second-generation lignocellulose and waste oils, due to the need for no additional arable land and emissions reduction of 60-90%, have seen the fastest growth under policy support, but require a large collection radius and complex pretreatment, currently costing 15-30% more than first-generation materials.
The cost structure is characterized by high raw material and high energy consumption: Taking fuel ethanol as an example, corn raw materials account for 55-60% of cash costs, steam and electricity for 15%, enzymes/yeast and other auxiliary materials for 5%, and labor, depreciation, and maintenance for approximately 20%. Advanced cellulosic ethanol, due to acid-base pretreatment, enzymatic hydrolysis, and concentration steps, further increases energy consumption by 8-10 percentage points, resulting in a minimum production cost that is still 20-25% higher than corn ethanol. For biodiesel, waste oil routes account for 70% of raw materials, refining and methanol transesterification for 15%, and the byproduct glycerol can reduce net costs by 10-12% after deduction; however, unstable raw material supply and logistical limitations remain key to profitability.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Biofuel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofuel.
The Biofuel market size, estimations, and forecasts are provided in terms of output/shipments (Kilotons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Biofuel market comprehensively. Regional market sizes, concerning products by Type, by Application, by Production Path and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Biofuel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, by Production Path and by regions.
By Company
Groupe Avril
Neste
ADM
Cargill
Green Plains
Valero Energy
Louis Dreyfus
Renewable Energy Group
RBF Port Neches
Ag Processing
Caramuru Alimentos
World Energy
POET
Marathon Petroleum Corporation
Raízen
Alto Ingredients
The Andersons
COFCO Biotechnology
Longyan Zhuoyue
Zhejiangjiaao Enprotech Stock
Segment by Type
Bioethanol
Biodiesel
Others
Segment by Production Path
Biochemical
Thermochemical
Chemical Transesterification
Segment by Raw Material Sources and Technological Maturity
Traditional (First Generation)
Advanced (Second/Third Generation)
Segment by Application
Transportation Fuels
Industrial Fuels
Chemical Industry
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, by Production Path etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Biofuel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Biofuel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Biofuel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Biofuel Market Overview
1.1 Product Definition
1.2 Biofuel by Type
1.2.1 Global Biofuel Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Bioethanol
1.2.3 Biodiesel
1.2.4 Others
1.3 Biofuel by Production Path
1.3.1 Global Biofuel Market Value Growth Rate Analysis by Production Path: 2024 VS 2031
1.3.2 Biochemical
1.3.3 Thermochemical
1.3.4 Chemical Transesterification
1.4 Biofuel by Raw Material Sources and Technological Maturity
1.4.1 Global Biofuel Market Value Growth Rate Analysis by Raw Material Sources and Technological Maturity: 2024 VS 2031
1.4.2 Traditional (First Generation)
1.4.3 Advanced (Second/Third Generation)
1.5 Biofuel by Application
1.5.1 Global Biofuel Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.5.2 Transportation Fuels
1.5.3 Industrial Fuels
1.5.4 Chemical Industry
1.6 Global Market Growth Prospects
1.6.1 Global Biofuel Production Value Estimates and Forecasts (2020-2031)
1.6.2 Global Biofuel Production Capacity Estimates and Forecasts (2020-2031)
1.6.3 Global Biofuel Production Estimates and Forecasts (2020-2031)
1.6.4 Global Biofuel Market Average Price Estimates and Forecasts (2020-2031)
1.7 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Biofuel Production Market Share by Manufacturers (2020-2025)
2.2 Global Biofuel Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Biofuel, Industry Ranking, 2023 VS 2024
2.4 Global Biofuel Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Biofuel Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Biofuel, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Biofuel, Product Offered and Application
2.8 Global Key Manufacturers of Biofuel, Date of Enter into This Industry
2.9 Biofuel Market Competitive Situation and Trends
2.9.1 Biofuel Market Concentration Rate
2.9.2 Global 5 and 10 Largest Biofuel Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Biofuel Production by Region
3.1 Global Biofuel Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Biofuel Production Value by Region (2020-2031)
3.2.1 Global Biofuel Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Biofuel by Region (2026-2031)
3.3 Global Biofuel Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Biofuel Production Volume by Region (2020-2031)
3.4.1 Global Biofuel Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Biofuel by Region (2026-2031)
3.5 Global Biofuel Market Price Analysis by Region (2020-2025)
3.6 Global Biofuel Production and Value, Year-over-Year Growth
3.6.1 North America Biofuel Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Biofuel Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Biofuel Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Biofuel Production Value Estimates and Forecasts (2020-2031)
4 Biofuel Consumption by Region
4.1 Global Biofuel Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Biofuel Consumption by Region (2020-2031)
4.2.1 Global Biofuel Consumption by Region (2020-2025)
4.2.2 Global Biofuel Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Biofuel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Biofuel Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Biofuel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Biofuel Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Biofuel Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Biofuel Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Biofuel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Biofuel Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Biofuel Production by Type (2020-2031)
5.1.1 Global Biofuel Production by Type (2020-2025)
5.1.2 Global Biofuel Production by Type (2026-2031)
5.1.3 Global Biofuel Production Market Share by Type (2020-2031)
5.2 Global Biofuel Production Value by Type (2020-2031)
5.2.1 Global Biofuel Production Value by Type (2020-2025)
5.2.2 Global Biofuel Production Value by Type (2026-2031)
5.2.3 Global Biofuel Production Value Market Share by Type (2020-2031)
5.3 Global Biofuel Price by Type (2020-2031)
6 Segment by Application
6.1 Global Biofuel Production by Application (2020-2031)
6.1.1 Global Biofuel Production by Application (2020-2025)
6.1.2 Global Biofuel Production by Application (2026-2031)
6.1.3 Global Biofuel Production Market Share by Application (2020-2031)
6.2 Global Biofuel Production Value by Application (2020-2031)
6.2.1 Global Biofuel Production Value by Application (2020-2025)
6.2.2 Global Biofuel Production Value by Application (2026-2031)
6.2.3 Global Biofuel Production Value Market Share by Application (2020-2031)
6.3 Global Biofuel Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Groupe Avril
7.1.1 Groupe Avril Biofuel Company Information
7.1.2 Groupe Avril Biofuel Product Portfolio
7.1.3 Groupe Avril Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Groupe Avril Main Business and Markets Served
7.1.5 Groupe Avril Recent Developments/Updates
7.2 Neste
7.2.1 Neste Biofuel Company Information
7.2.2 Neste Biofuel Product Portfolio
7.2.3 Neste Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Neste Main Business and Markets Served
7.2.5 Neste Recent Developments/Updates
7.3 ADM
7.3.1 ADM Biofuel Company Information
7.3.2 ADM Biofuel Product Portfolio
7.3.3 ADM Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.3.4 ADM Main Business and Markets Served
7.3.5 ADM Recent Developments/Updates
7.4 Cargill
7.4.1 Cargill Biofuel Company Information
7.4.2 Cargill Biofuel Product Portfolio
7.4.3 Cargill Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Cargill Main Business and Markets Served
7.4.5 Cargill Recent Developments/Updates
7.5 Green Plains
7.5.1 Green Plains Biofuel Company Information
7.5.2 Green Plains Biofuel Product Portfolio
7.5.3 Green Plains Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Green Plains Main Business and Markets Served
7.5.5 Green Plains Recent Developments/Updates
7.6 Valero Energy
7.6.1 Valero Energy Biofuel Company Information
7.6.2 Valero Energy Biofuel Product Portfolio
7.6.3 Valero Energy Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Valero Energy Main Business and Markets Served
7.6.5 Valero Energy Recent Developments/Updates
7.7 Louis Dreyfus
7.7.1 Louis Dreyfus Biofuel Company Information
7.7.2 Louis Dreyfus Biofuel Product Portfolio
7.7.3 Louis Dreyfus Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Louis Dreyfus Main Business and Markets Served
7.7.5 Louis Dreyfus Recent Developments/Updates
7.8 Renewable Energy Group
7.8.1 Renewable Energy Group Biofuel Company Information
7.8.2 Renewable Energy Group Biofuel Product Portfolio
7.8.3 Renewable Energy Group Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Renewable Energy Group Main Business and Markets Served
7.8.5 Renewable Energy Group Recent Developments/Updates
7.9 RBF Port Neches
7.9.1 RBF Port Neches Biofuel Company Information
7.9.2 RBF Port Neches Biofuel Product Portfolio
7.9.3 RBF Port Neches Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.9.4 RBF Port Neches Main Business and Markets Served
7.9.5 RBF Port Neches Recent Developments/Updates
7.10 Ag Processing
7.10.1 Ag Processing Biofuel Company Information
7.10.2 Ag Processing Biofuel Product Portfolio
7.10.3 Ag Processing Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Ag Processing Main Business and Markets Served
7.10.5 Ag Processing Recent Developments/Updates
7.11 Caramuru Alimentos
7.11.1 Caramuru Alimentos Biofuel Company Information
7.11.2 Caramuru Alimentos Biofuel Product Portfolio
7.11.3 Caramuru Alimentos Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Caramuru Alimentos Main Business and Markets Served
7.11.5 Caramuru Alimentos Recent Developments/Updates
7.12 World Energy
7.12.1 World Energy Biofuel Company Information
7.12.2 World Energy Biofuel Product Portfolio
7.12.3 World Energy Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.12.4 World Energy Main Business and Markets Served
7.12.5 World Energy Recent Developments/Updates
7.13 POET
7.13.1 POET Biofuel Company Information
7.13.2 POET Biofuel Product Portfolio
7.13.3 POET Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.13.4 POET Main Business and Markets Served
7.13.5 POET Recent Developments/Updates
7.14 Marathon Petroleum Corporation
7.14.1 Marathon Petroleum Corporation Biofuel Company Information
7.14.2 Marathon Petroleum Corporation Biofuel Product Portfolio
7.14.3 Marathon Petroleum Corporation Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Marathon Petroleum Corporation Main Business and Markets Served
7.14.5 Marathon Petroleum Corporation Recent Developments/Updates
7.15 Raízen
7.15.1 Raízen Biofuel Company Information
7.15.2 Raízen Biofuel Product Portfolio
7.15.3 Raízen Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Raízen Main Business and Markets Served
7.15.5 Raízen Recent Developments/Updates
7.16 Alto Ingredients
7.16.1 Alto Ingredients Biofuel Company Information
7.16.2 Alto Ingredients Biofuel Product Portfolio
7.16.3 Alto Ingredients Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Alto Ingredients Main Business and Markets Served
7.16.5 Alto Ingredients Recent Developments/Updates
7.17 The Andersons
7.17.1 The Andersons Biofuel Company Information
7.17.2 The Andersons Biofuel Product Portfolio
7.17.3 The Andersons Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.17.4 The Andersons Main Business and Markets Served
7.17.5 The Andersons Recent Developments/Updates
7.18 COFCO Biotechnology
7.18.1 COFCO Biotechnology Biofuel Company Information
7.18.2 COFCO Biotechnology Biofuel Product Portfolio
7.18.3 COFCO Biotechnology Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.18.4 COFCO Biotechnology Main Business and Markets Served
7.18.5 COFCO Biotechnology Recent Developments/Updates
7.19 Longyan Zhuoyue
7.19.1 Longyan Zhuoyue Biofuel Company Information
7.19.2 Longyan Zhuoyue Biofuel Product Portfolio
7.19.3 Longyan Zhuoyue Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Longyan Zhuoyue Main Business and Markets Served
7.19.5 Longyan Zhuoyue Recent Developments/Updates
7.20 Zhejiangjiaao Enprotech Stock
7.20.1 Zhejiangjiaao Enprotech Stock Biofuel Company Information
7.20.2 Zhejiangjiaao Enprotech Stock Biofuel Product Portfolio
7.20.3 Zhejiangjiaao Enprotech Stock Biofuel Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Zhejiangjiaao Enprotech Stock Main Business and Markets Served
7.20.5 Zhejiangjiaao Enprotech Stock Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Biofuel Industry Chain Analysis
8.2 Biofuel Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Biofuel Production Mode & Process Analysis
8.4 Biofuel Sales and Marketing
8.4.1 Biofuel Sales Channels
8.4.2 Biofuel Distributors
8.5 Biofuel Customer Analysis
9 Biofuel Market Dynamics
9.1 Biofuel Industry Trends
9.2 Biofuel Market Drivers
9.3 Biofuel Market Challenges
9.4 Biofuel Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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