Competitor Analysis of Global Biodiesel Market Recent Developments, Company Strategies, Sustainability Benchmarking, Product Launches, Key Persons, and Revenue Forecasts

Biodiesel Market Size and Forecast 2025-2033

The global biodiesel market is expected to witness significant growth, reaching a remarkable US$ 70.61 billion by 2033, up from US$ 44.13 billion in 2025, with a CAGR of 6.05% during the forecast period of 2025-2033. This lucrative growth rate is mainly driven by growing demand for renewable energy sources, favorable government policies that promote the consumption of biofuels, and rising public awareness regarding the increasing significance of carbon emission reduction.

Biodiesel is a renewable, biodegradable fuel produced from natural sources such as vegetable oils, animal fats, or recycled cooking grease. It is a fuel substitute for conventional fossil fuels that can run in most diesel engines without modification. This environmentally friendly fuel is produced by means of a process called transesterification, where the conversion of fat into fatty acid esters takes place.

The main factor contributing to the popularity of biodiesel is the environmental benefits it offers. Ever-worsening issues such as climate change and deteriorating air quality have made several countries seriously consider seeking cleaner alternatives to reduce green gas emissions. Biodiesel emits considerably fewer carbons compared to petroleum diesel, thus contributing to a clean atmosphere.

Besides the environmental benefits, biodiesel contributes to energy independence through the use of locally available feedstocks, which reduces demand for imported fossil fuels. Incentives, subsidies, and mandates have stimulated the development of biodiesel markets and production plants in many countries.

Furthermore, the increasing awareness of sustainability among consumers and businesses is pushing the shift towards biodiesel. As technology evolves and cost of production drops, the role of biodiesel in global energy can become quite significant in the future.

Top 5 leading biodiesel manufacturers worldwide

1. Archer Daniels Midland Company

Establishment: 1902

Headquarters: United States of America

Archer Daniels Midland Co. (ADM) is a producer, processor, transporter, storer, and seller of commodities, ingredients, and agricultural goods. The company processes oilseeds, corn, wheat, and other agricultural commodities into products such as food and beverage ingredients and other products. ADM's products include natural flavors and colors, nutritional and health goods, vegetable oils, corn sweeteners, flour, animal feed, and biofuels. The corporation stores and transports agricultural commodities including oilseeds, corn, wheat, milo, oats, barley, and other products derived from these inputs through its global grain elevator and transportation network. ADM also offers services such as logistics, transportation, and farmer services. It operates in Asia-Pacific, the Americas, Europe, the Middle East, and Africa. The company is headquartered in Chicago, Illinois, the US.

2. Future Fuel

Establishment: 2005

Headquarters: United States of America

FutureFuel Corp manufactures and distributes various types of specialized chemicals, bio-based fuels, and several others. The company has two categories of products: the chemicals and biofuels. The biofuel categories sell biodiesel and other petroleum products. Its fuels are made up of a combination of diesel, vegetable oils, and grease feedstock. Some of its products sold in the chemicals line of business that find use in the manufacture of agricultural chemicals include herbicides, coatings, and cleaning products such as detergents.

3. Renewable Energy Group, Inc.

Establishment: 1996

Headquarters: United States of America

A subsidiary of Chevron Corp., Chevron Renewable Energy Group Inc. (CREG) transforms renewable feedstocks into lower-carbon products, such as bio-based diesel fuel that reduces carbon emissions along its entire value chain. Products under the EnDura Fuels portfolio include InfiniD, PuriD, UltraClean BlenD, and VelociD, which are designed to help customers achieve their carbon reduction goals. Renewable products and co-products offered by CREG include glycerin, renewable naphtha, propane, methyl esters, ethanol blends, and diesel fuel. It offers bioheat blended fuel, a greener, lower-carbon alternative that is a mix of heating oil and biodiesel. to support local farmers, it also produces Bio-Residual Oil for industrial use and offers sustainable fuel blends across Iowa. Its headquarters is in the US city of Ames, Iowa.

4. Bunge Global SA

Establishment: 1818

Headquarters: United States of America

Revenue: $53.1B in 2023

Bunge Global SA (Bunge) is a food and agribusiness company. The company purchases, stores, transports and sells fertilizers, edible oils, milling products and food and ingredients. Oil seeds, vegetable oils, protein meals, packaged and bulk oils, shortenings, margarine, mayonnaise, wheat flour and dry-milled maize products comprise Bunge's product portfolio. The company also produces and markets nitrogen-based solid and liquid phosphate fertilizers. Livestock producers, animal feed manufacturers, snack food manufacturers, wheat and corn millers, food processors, bakery confectioners, and corn and oilseed processors are some of the customers of Bunge's products. The company generates power as well. Bunge operates in Europe, Asia-Pacific, the Middle East, Africa and the Americas. Bunge is headquartered in Chesterfield, Missouri, the US.

5. Wilmar

Establishment: 1991

Headquarters: Singapore

Revenue: $67.4B in 2023

Wilmar International Ltd. (Wilmar) is a Singapore-based multinational processor of agricultural products. It primarily engages in the business of oil palm cultivation, edible oil refining, oilseed crushing, sugar milling and refining, oleochemicals production, biodiesel and specialty fats production, fertilizer production, as well as flour and rice milling. Wilmar's product offerings comprise industrial agri-products, animal feeds, consumable food items, and medium and bulk packaging. The Company also grows sugarcane and refines, processes, packages, and markets edible foodstuffs. Manufacturing facilities of Wilmar form part of its vast distribution network, which is spread over several regions. The company is well represented in Asia-Pacific, Africa, South America, Europe, and North America. Wilmar is headquartered in Singapore.

Product Launches

Shell

September 2025, Shell Hong Kong Limited today announced the official launch of Shell Renewable Diesel (SRD) and Shell Renewable Diesel Blend R33 in Hong Kong to provide local businesses and commercial fleets with a new low-carbon fuel option, helping reduce greenhouse gas emissions and contributing to the city's pathway to carbon neutrality. Shell is the first energy company to introduce renewable diesel for commercial use in Hong Kong. Shell Renewable Diesel is a high-quality Hydrotreated Vegetable Oil produced with 100% renewable bio-components, comprising corn, sugar, vegetable oils, or waste feedstocks through hydrogenation (treatment with hydrogen). Compared to EN590 B0 diesel2, HVO can reduce up to 90% less CO2e1 emissions on a life cycle basis 3. Fully compatible with existing diesel engines, Shell Renewable Diesel requires no engine modifications or additional equipment investment, making it an ideal low-carbon alternative for commercial users seeking to reduce emissions without increasing capital costs.

Cargill, Inc.

June 2022, Cargill's new waste-to-biodiesel production facility in Ghent, Belgium, is now operating. Under construction since late 2020, the $150 million project was designed and built by Austrian technology provider BDI-BioEnergy International utilizing its patented RepCat process. The new Cargill facility is capable of manufacturing 35 million gallons per year (mgy) of advanced biodiesel from residual and waste materials. The RepCat process offers feedstock flexibility and employs a repeatable, or recyclable, catalyst. The industry-leading technology employed at Cargill's new Ghent plant will be used to convert all types of liquid waste oils and fats-including used cooking oils, tallow and residues from edible oil production-into advanced biodiesel for the maritime and trucking sectors.

SWOT Analysis of Company in the Biodiesel Market

Valero Energy Corporation

Strength - Extensive Refining Infrastructure and Integrated Renewable Fuel Capabilities

The most significant strength of Valero Energy Corporation in the biodiesel market rests on its large-scale refining infrastructure and vertically integrated renewable fuel operations. Being one of the world's largest independent petroleum refiners, Valero utilizes its large production network, logistics assets, and strategic partnerships-especially with Diamond Green Diesel-to efficiently produce and distribute biodiesel and renewable diesel at an industrial scale. This integration enables Valero to exploit existing refinery expertise, shared supply chains, and distribution channels, which greatly reduces the production cost and enhances market reach. Advanced refining technology allows flexibility in feedstock utilization, including animal fats and used cooking oils, while enhancing sustainability and regulatory compliance under low-carbon fuel standards. Therefore, supported by strong financial resources and operational efficiency, the hybrid energy model of Valero positions it as a leader in transitioning toward cleaner energy and carbon reduction within the global biodiesel market.

Ag Processing Inc.

Strength - Strong Agricultural Integration and Feedstock Control

Ag Processing, Inc.'s (AGP) single most significant positive factor in the biodiesel marketplace is its business model, which is vertically integrated from agricultural production directly to renewable fuel manufacturing. Being a farmer-owned cooperative, AGP has a dependable and economical feedstock supply of soybean oil and other feedstocks necessary for biodiesel production. This reduces dependence on market fluctuations in raw material prices and provides for consistent quality and availability of feedstocks. The company currently operates several state-of-the-art biodiesel facilities in strategic proximity to soybean processing plants, optimizing efficiency in logistics and production. Strong relationships with member cooperatives and growers further enhance feedstock sustainability, supporting traceable and renewable sourcing practices. Backed by proven expertise in oilseed processing, large-scale distribution, and a competitive advantage, the company meets the growing global demand for low-carbon fuels. Through operational efficiency combined with agricultural synergy, AGP maintains its leading position within the U.S. biodiesel sector.

Recent Development in Biodiesel Market

Greenergy

January 2024, Greenergy has announced the completion of expansion projects in two of its biodiesel plants situated in the U.K. and Amsterdam. The upgrades involved improving the pre-treatment process to accept a wider range of feedstocks derived from waste oils for the production of lower-carbon biodiesel. The biodiesel produced shall be applied in transport fuels to reduce emissions. Being one of the major European manufacturers of biodiesel from waste, upgrading the Amsterdam facility has resulted in a 25 percent increase in its production output. This improvement is meant to serve the increasing demand for low-carbon biofuels derived from wastes in Europe.

Louis Dreyfus Company

March 2025, Louis Dreyfus Company and Global Clean Energy Holdings Inc. announced on March 11 the renewal for an additional 10 years of their collaboration to promote the cultivation of Camelina sativa (camelina) in South America as an intermediate crop, following the successful completion of a two-year pilot program. Under the renewed agreement, and through its Sustainable Oils and Camelina Company subsidiaries, GCE will continue to develop camelina varieties and produce planting seed while providing technical support to farmers. LDC will oversee origination, establish contracts with local producers and manage the crop harvest processing into value-added products, including high-protein animal feed and sustainable oil for advanced biofuels.

Company Sustainability Goal in the Biodiesel Market

China Clean Energy, Inc.

The sustainability objective of China Clean Energy, Inc. is to act with social and environmental responsibility through the production of clean, renewable fuels that reduce dependency on fossil energy and decrease greenhouse gas emissions. The company is positioned to be a leader in transitioning China toward a low-carbon, circular economy by converting waste materials such as used cooking oils and agricultural by-products into high-quality biodiesel. This helps reduce waste while creating sustainable energy options. China Clean Energy also has programs aimed at enhancing production efficiency and incorporating advanced chemical technologies that minimize energy consumption and industrial emissions. Socially, it emphasizes safe working conditions, responsible sourcing, and community engagement on environmental awareness. Through continued innovation and adherence to the principles of green development, China Clean Energy seeks to align with both national sustainability policies and global climate goals to ensure its renewable fuel operations make relevant contributions toward cleaner air and sustainable economic growth.

TotalEnergies SE

TotalEnergies SE's sustainability objective is to change its identity from just an oil and gas company to a broad, integrated energy company, with the ambition of carbon neutrality in 2050, if possible, according to the Paris Agreement. The strategy of the company is to develop its renewables, comprising biofuels, solar, wind, and green hydrogen, and to continuously decrease the carbon intensity of its ongoing operations. TotalEnergies seeks to reduce Scope 1, 2, and 3 emissions through innovation, including energy efficiency and responsible resource management. It actively invests in sustainable mobility, advanced biofuels, and the circular economy in order to foster cleaner transportation and industrial decarbonization. Socially, workplace safety, community engagement, and good governance are at the front line. TotalEnergies integrates environmental, social, and economic goals with the vision of supplying affordable, reliable, and clean energy, while driving global progress toward a low-carbon future and long-term planetary resilience.

Market Segmentation

Biodiesel Market

• Historical Trends
• Forecast Analysis

Market Share Analysis - Biodiesel Market

Archer Daniels Midland Company

Overview

• Company History and Mission
• Business Model and Operations
• Workforce

Key Persons

• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition

Recent Development & Strategies

• Mergers & Acquisitions
• Partnerships
• Investments

Sustainability Analysis

• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives

Product Analysis

• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking

Strategic Assessment: SWOT Analysis

• Strengths
• Weaknesses
• Opportunities
• Threats

Revenue Analysis

The above information will be available for all the following companies:

1. Archer Daniels Midland Company

2. FutureFuel

3. Neste Corporation

4. Renewable Energy Group, Inc.

5. Bunge Global SA

6. Wilmar

7. Shell

8. Cargill, Inc.

9. Valero Energy Corporation

10. Ag Processing Inc.

11. Greenergy

12. China Clean Energy, Inc.

13. Louis Dreyfus Company

14. TotalEnergies SE

15. Eni S.p.A.