PUBLISHER: The Business Research Company | PRODUCT CODE: 1733582
PUBLISHER: The Business Research Company | PRODUCT CODE: 1733582
Biogas refers to a form of biofuel that is created spontaneously when organic waste decomposes. Biogas is a renewable energy source produced from the breakdown of organic matter. It is a mixture of gases, primarily consisting of methane, carbon dioxide and hydrogen sulfide.
The biogas market consists of sales, by entities (organizations, sole traders, or partnerships), of biogas that is used as a source of energy to fuel vehicles, heat homes and generate electricity. Biogas is produced by digestion with anaerobic microorganisms, known as methanogens, that produce methane as a product inside an anaerobic digester, biodigester, or bioreactor. Biogas is a naturally occurring and renewable source of energy, resulting from the breakdown of organic matter.
The global biogas market was valued at $64,047.89 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 5.00%.
Increasing Industrialization
During the historic period, increasing industrialization supported the growth of the biogas market. Industrial advancements enhance biogas production, storage and purification, making it a cost-effective alternative to conventional fuels. Efficient digesters and waste-to-energy tech help industries like food processing, agriculture and brew energy costs by converting waste into power. Companies can also generate revenue by selling excess biogas or carbon credits while reducing environmental impact. For example, according to the data provided by the Ministry of Statistics and Programme Implementation (MoSPI), a government ministry, India's index Of Industrial Production (IIP) (factory output growth measured in terms of IIP) was recorded at 11.7% in October 2023 as compared to 5.1% in December 2022. During April-December 2023-24, the IIP growth works out to be 6.1%, up from 5.5% in the corresponding period a year ago. Moreover, according to TakeProfit, a community-driven trading platform, industrial production in Australia increased by 1.59% in the second quarter of 2023 over the same quarter in 2022. In the USA, for the second quarter of 2024 as a whole, industrial production increased at an annual rate of 4.3%. Therefore, the increasing industrialization drove the growth of the biogas market.
Groundbreaking Unsubsidized Biomethane Plant Revolutionizing Renewable Energy and Sustainability
Major companies operating in the biogas market are focusing on developing innovative advancements such as the unsubsidized biomethane plant to enhance the production of renewable energy and promote sustainable practices. Unsubsidized biomethane plants operate without relying on government financial support, making them a significant innovation in the biogas market. These plants leverage advanced technologies to improve efficiency, reduce operational costs, and produce biomethane that meets commercial quality standards. For instance, in February 2025, AstraZeneca, a UK-based pharmaceutical company, in collaboration with Future Biogas Ltd., a UK-based anaerobic digestion (AD) plant developer and biogas producer, launched Moor Bioenergy, the UK's first unsubsidized biomethane plant dedicated to fueling the life sciences sector. Located in Gonerby Moor, Lincolnshire, the plant operates 24/7, generating enough biomethane to heat the equivalent of over 8,000 homes annually. It features innovative carbon capture technology that collects carbon dioxide (CO2) produced during biomethane generation, enabling reuse in industries or long-term underground storage, contributing to carbon removal from the atmosphere. Additionally, the plant sources crop locally within a 15-mile radius and support sustainable farming practices through certified feedstock, providing farmers with financial stability and promoting environmental responsibility.
The global biogas markets are fairly fragmented, with a large players operating in the market. The top 10 competitors in the market made up 5.16% of the total market in 2023.
Biogas Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global biogas market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for biogas? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The biogas market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider biogas market; and compares it with other markets.