Biodiesel Market By Feedstock, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The biodiesel market was valued at $50.9 billion in 2022 and is estimated to reach $70.9 billion by 2032, exhibiting a CAGR of 3.4% from 2023 to 2032.

Biodiesel is a renewable and biodegradable fuel crafted from vegetable oils, animal fats, and recycled cooking oils. This alternative to conventional diesel serves as a clean-burning renewable fuel, contributing to efforts aimed at reducing the carbon footprint associated with traditional fossil fuels. Biodiesel production relies on diverse feedstocks, categorized into edible vegetable oils such as soybean and palm oil, and non-edible options like rapeseed and jatropha. Additional sources encompass recycled cooking oil, animal fats, and biomass feedstocks such as corn starch and sugarcane bagasse. The variety of feedstocks underscores the adaptability of biodiesel production to different raw materials.

The manufacturing process of biodiesel involves transesterification, a multi-step procedure that includes base-catalyzed transesterification of oil, conversion of oils to fatty acids, and the ultimate formation of biodiesel from these fatty acids. This method underscores the chemical transformation required to convert feedstocks into usable biodiesel fuel.

Market Dynamics

Key drivers propelling the growth of the biodiesel market include the rising demand for environmentally friendly fuels that contribute to greenhouse gas emission reduction. Government support, manifested through subsidies and regulatory measures, further stimulates biodiesel production, aligning with global efforts to transition towards cleaner and sustainable energy sources.

Despite the positive momentum, challenges persist in the biodiesel market. Issues like feedstock availability, concerns related to biodiesel performance, and market fluctuations pose restraints. Factors such as fluctuating feedstock costs and production efficiency challenges impact the broader acceptance and integration of biodiesel into mainstream energy systems.

The biodiesel market presents opportunities for growth and innovation. Advancements in technology, alternative raw materials like algae and jatropha with higher yields, improvements in production capacity, and enhanced distribution and supply chain strategies are among the potential opportunities. Global initiatives, including biodiesel blending practices in countries like Germany, and UK, contribute to the positive outlook for the biodiesel market in the coming years.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the Europe biodiesel industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

Segments Overview

The Biodiesel market is segmented into feedstock, application, and country. By feedstock, the market is divided into recycled cooking oil, animal fats, cashew nutshell liquid (CNSL), distillation residues, fatty acids, palm oil mill effluent (POME), spent bleaching earth oil (SBEO), and others. By application, it is segregated into automotive, aviation, marine, power generation, and others. On the basis of region, the Biodiesel market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of feedstock, the cashew nutshell liquid is the fastest-growing segment of the biodiesel market. Cashew Nutshell Liquid (CNSL), a by-product of the cashew industry, is a promising feedstock for biodiesel production due to its environmental sustainability and cost-effectiveness. CNSL's various extraction techniques make it accessible and feasible. It also fosters a symbiotic relationship between the energy industry and the cashew nut sector, making it a valuable alternative fuel, contributing to environmental sustainability and economic efficiency.

On the basis of application, the automotive segment of the biodiesel market. Biodiesel is blended with conventional diesel in various ratios to balance its benefits while addressing challenges like cold flow and storage stability. Automotive engine manufacturers are adapting engines to accommodate biodiesel blends. Biodiesel's higher cetane number improves ignition quality, combustion efficiency, and engine performance. Technological advancements, such as biodiesel-compatible fuel injection systems, have enhanced biodiesel usage, making it more cost-effective and competitive with traditional fuels.

On the basis of region, Asia-Pacific region is most lucrative market which is expected to grow at a CAGR of 4.1% during the forecast period. It is mostly due to the presence of a large number of developing countries and government mandates concerning blending fuels in India, China, Indonesia, and other countries that have a positive impact on the market.

Competitive analysis and profiles of the major biodiesel market players such as Cargill Incorporated, Eni S.p.A., Bunge, Kolmar, Ital Bi Oil S.R.L., Bp Oil International Ltd., Tamoil Italia S.P.A., Italiana Petroli S.P.A., Esso Italiana S.R.L., Masol Continental Biofuel Srl, and Saras S.P.A. are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.

Key Market Trends

On the basis of feedstock, the recycled cooking oil segment registered the highest accounting for nearly one-third of the market share and is projected to maintain the same during the forecast period.
On the basis of application, automotive registered the highest market share accounting for more than two-fifths of the market share.
On the basis of region, Europe dominates the highest market share accounting for nearly half of the market share in 2023.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biodiesel market analysis from 2022 to 2032 to identify the prevailing biodiesel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the biodiesel market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global biodiesel market trends, key players, market segments, application areas, and market growth strategies.

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Manufacturing Capacity
Capital Investment breakdown
Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Volume Market Size and Forecast

Key Market Segments

By Feedstock

Others
Recycled Cooking Oil
Animal Fats
Cashew Nutshell Liquid (CNSL)
Distillation Residues
Fatty Acids
Palm Oil Mill Effluent (POME)
Spent Bleaching Earth Oil (SBEO)

By Application

Automotive
Aviation
Marine
Power Generation
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Kolmar
Saras S.P.A.
Eco Fox S.r.l.
Masol Continental SRL
Esso Italiana S.r.l.
Cargill Incorporated
Ital Bi Oil S.R.L.
Tamoil Italia S.p.A
BP p.l.c.
Bunge
Italiana Petroli S.p.A.
Eni S.p.A.

Product Code: A05352

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Energy Security Concerns
  - 3.4.1.2. Environmental Regulations
  - 3.4.1.3. Developments in Renewable Fuel Standards
- 3.4.2. Restraints
  - 3.4.2.1. Engine and Fuel Efficiency
  - 3.4.2.2. Initial Infrastructure Cost
- 3.4.3. Opportunities
  - 3.4.3.1. Government support and incentives
3.5. Value Chain Analysis
3.6. Key Regulation Analysis

CHAPTER 4: BIODIESEL MARKET, BY FEEDSTOCK

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Recycled Cooking Oil
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Animal Fats
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Cashew Nutshell Liquid (CNSL)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Distillation Residues
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Fatty Acids
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Palm Oil Mill Effluent (POME)
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
4.8. Spent Bleaching Earth Oil (SBEO)
- 4.8.1. Key market trends, growth factors and opportunities
- 4.8.2. Market size and forecast, by region
- 4.8.3. Market share analysis by country
4.9. Others
- 4.9.1. Key market trends, growth factors and opportunities
- 4.9.2. Market size and forecast, by region
- 4.9.3. Market share analysis by country

CHAPTER 5: BIODIESEL MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Automotive
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Aviation
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Marine
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Power Generation
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: BIODIESEL MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Feedstock
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Feedstock
  - 6.2.4.1.2. Market size and forecast, by Application
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Feedstock
  - 6.2.4.2.2. Market size and forecast, by Application
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Feedstock
  - 6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Feedstock
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Feedstock
  - 6.3.4.1.2. Market size and forecast, by Application
  - 6.3.4.2. France
  - 6.3.4.2.1. Market size and forecast, by Feedstock
  - 6.3.4.2.2. Market size and forecast, by Application
  - 6.3.4.3. Italy
  - 6.3.4.3.1. Market size and forecast, by Feedstock
  - 6.3.4.3.2. Market size and forecast, by Application
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Market size and forecast, by Feedstock
  - 6.3.4.4.2. Market size and forecast, by Application
  - 6.3.4.5. UK
  - 6.3.4.5.1. Market size and forecast, by Feedstock
  - 6.3.4.5.2. Market size and forecast, by Application
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Feedstock
  - 6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Feedstock
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Feedstock
  - 6.4.4.1.2. Market size and forecast, by Application
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Feedstock
  - 6.4.4.2.2. Market size and forecast, by Application
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Feedstock
  - 6.4.4.3.2. Market size and forecast, by Application
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Feedstock
  - 6.4.4.4.2. Market size and forecast, by Application
  - 6.4.4.5. Rest of Asia-Pacific
  - 6.4.4.5.1. Market size and forecast, by Feedstock
  - 6.4.4.5.2. Market size and forecast, by Application
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Feedstock
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Feedstock
  - 6.5.4.1.2. Market size and forecast, by Application
  - 6.5.4.2. South Africa
  - 6.5.4.2.1. Market size and forecast, by Feedstock
  - 6.5.4.2.2. Market size and forecast, by Application
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Market size and forecast, by Feedstock
  - 6.5.4.3.2. Market size and forecast, by Application
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Market size and forecast, by Feedstock
  - 6.5.4.4.2. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Kolmar
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
8.2. Ital Bi Oil S.R.L.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
8.3. Cargill Incorporated
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. BP p.l.c.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
8.5. Eni S.p.A.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
8.6. Eco Fox S.r.l.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
8.7. Tamoil Italia S.p.A
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
8.8. Italiana Petroli S.p.A.
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
8.9. Esso Italiana S.r.l.
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Key strategic moves and developments
8.10. Saras S.P.A.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
8.11. Bunge
- 8.11.1. Company overview
- 8.11.2. Key executives
- 8.11.3. Company snapshot
- 8.11.4. Operating business segments
- 8.11.5. Product portfolio
- 8.11.6. Business performance
8.12. Masol Continental SRL
- 8.12.1. Company overview
- 8.12.2. Key executives
- 8.12.3. Company snapshot
- 8.12.4. Operating business segments
- 8.12.5. Product portfolio