Biofuels Market Size, Share & Trends Analysis Report By Product, Geography, and Segment Forecasts, 2021 - 2025

NEW YORK, June 17, 2022 /PRNewswire/ -- The research on third-generation biofuel will be a key trend in the global Biofuels Market in near future. First-generation biofuels are produced using vegetable oil, starch, sugar, and animal fats. Second-generation biofuels, popularly known as advanced biofuels, are produced from feedstock, which is not consumed as food. Biofuel technology has further evolved with the introduction of third-generation biofuels. Third-generation biofuels are derived from algae that offer numerous advantages over other sources used to produce biofuels. Algae is used to produce diverse and high-quality biofuels when compared with other feedstocks. Biodiesel, butanol, gasoline, methane, ethanol, vegetable oil, and jet fuels are the type of fuels that can be derived from algae. Algae fuels also offer a greater yield and can produce more than ten times the fuel per acre of land when compared with traditional fuels. Micro-algae are becoming popular candidates for biofuel production owing to their high lipid contents and ease of cultivation. The development of third-generation fuels has led to the diversification of feedstock options and the performance improvement of biofuels leveraging advanced technology. Due to such reasons, the global biofuels market will continue to grow in the forecast period.

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The Biofuels Market value is set to grow by USD 23.21 billion, progressing at a CAGR of 3.35% from 2020 to 2025, as per the latest report by Technavio. Moreover, the market is segmented by product (ethanol and biodiesel) and geography (North America, Europe, APAC, South America, and MEA).

Biofuels Market Product Outlook (Revenue, USD bn, 2020-2025)

• Ethanol - size and forecast 2020-2025
• Biodiesel - size and forecast 2020-2025

The biofuels market share growth by the ethanol segment will be significant during the forecast period. The need to reduce GHG emissions is the prime reason for the rising adoption of ethanol biofuel globally. The major use of ethanol is in the domestic transport sector by privately owned vehicles that mostly have a gasoline engine and are capable of running on ethanol-blended gasoline as well. This improves engine life, lowers harmful emissions, and has no effect on the efficiency of gasoline engines.

Biofuels Market Geography Outlook (Revenue, USD bn, 2020-2025)

• North America - size and forecast 2020-2025
• Europe - size and forecast 2020-2025
• APAC - size and forecast 2020-2025
• South America - size and forecast 2020-2025
• MEA - size and forecast 2020-2025

25% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for biofuels market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. Rising need for cleaner fuels will facilitate the biofuels market growth in APAC over the forecast period. 

The increased adoption of renewable sources of energy is a major factor driving the global biofuels market growth. The rise in GHG emissions is of prime concern to mankind as these emissions are responsible for a number of environmental hazards, including ozone layer depletion. The need to reduce GHG emissions and prevent the degradation of the environment are the major driving forces behind the rapid adoption of renewable sources of energy. Renewable sources of energy are now cost-competitive and are now considered established sources of primary energy in many countries. Many countries in Europe, including Norway, Iceland, and Sweden, meet more than half of their total annual energy requirement through renewable sources of energy. The need to reduce GHG emissions and the increased adoption of renewables will be major driving forces for the global biofuels market during the forecast period.

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Some of the Major Biofuels Companies:

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ALTEN Group
• Archer Daniels Midland Co.
• Argent Energy UK Ltd.
• BIOX Corp.
• Bunge Ltd.
• Cargill Inc.
• Louis Dreyfus Co. BV
• RB FUELS
• Renewable Energy Group Inc.
• Wilmar International Ltd.

The biofuels market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

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Table of Contents

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Oil and gas exploration and production

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product
• Exhibit 16: Comparison by Product

• 5.3 Ethanol - Market size and forecast 2020-2025
• Exhibit 17: Ethanol - Market size and forecast 2020-2025 ($ billion)
• Exhibit 18: Ethanol - Year-over-year growth 2020-2025 (%)

• 5.4 Biodiesel - Market size and forecast 2020-2025
• Exhibit 19: Biodiesel - Market size and forecast 2020-2025 ($ billion)
• Exhibit 20: Biodiesel - Year-over-year growth 2020-2025 (%)

• 5.5 Market opportunity by Product
• Exhibit 21: Market opportunity by Product

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 23: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 24: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 25: North America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 26: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 27: Europe - Market size and forecast 2020-2025 ($ billion)
• Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 APAC - Market size and forecast 2020-2025
• Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
• Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 32: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
• Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• Exhibit 35: Key leading countries

• 7.9 Market opportunity by geography
• Exhibit 36: Market opportunity by geography

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 38: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Vendor landscape
• Exhibit 39: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 40: Landscape disruption
• Exhibit 41: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 42: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 43: Market positioning of vendors

• 10.3 ALTEN Group
• Exhibit 44: ALTEN Group - Overview
• Exhibit 45: ALTEN Group - Business segments
• Exhibit 46: ALTEN Group – Key news
• Exhibit 47: ALTEN Group - Key offerings

• 10.4 Archer Daniels Midland Co.
• Exhibit 48: Archer Daniels Midland Co. - Overview
• Exhibit 49: Archer Daniels Midland Co. - Business segments
• Exhibit 50: Archer Daniels Midland Co. – Key news
• Exhibit 51: Archer Daniels Midland Co. - Key offerings
• Exhibit 52: Archer Daniels Midland Co. - Segment focus

• 10.5 Argent Energy UK Ltd.
• Exhibit 53: Argent Energy UK Ltd. - Overview
• Exhibit 54: Argent Energy UK Ltd. - Product and service
• Exhibit 55: Argent Energy UK Ltd. - Key offerings

• 10.6 BIOX Corp.
• Exhibit 56: BIOX Corp. - Overview
• Exhibit 57: BIOX Corp. - Product and service
• Exhibit 58: BIOX Corp. - Key offerings

• 10.7 Bunge Ltd.

• 10.8 Cargill Inc.
• Exhibit 63: Cargill Inc. - Overview
• Exhibit 64: Cargill Inc. - Product and service
• Exhibit 65: Cargill Inc. – Key news
• Exhibit 66: Cargill Inc. - Key offerings

• 10.9 Louis Dreyfus Co. BV
• Exhibit 67: Louis Dreyfus Co. BV - Overview
• Exhibit 68: Louis Dreyfus Co. BV - Business segments
• Exhibit 69: Louis Dreyfus Co. BV – Key news
• Exhibit 70: Louis Dreyfus Co. BV - Key offerings
• Exhibit 71: Louis Dreyfus Co. BV - Segment focus

• 10.10 RB FUELS
• Exhibit 72: RB FUELS - Overview
• Exhibit 73: RB FUELS - Product and service
• Exhibit 74: RB FUELS - Key offerings

• 10.11 Renewable Energy Group Inc.
• Exhibit 75: Renewable Energy Group Inc. - Overview
• Exhibit 76: Renewable Energy Group Inc. - Business segments
• Exhibit 77: Renewable Energy Group Inc. - Key offerings
• Exhibit 78: Renewable Energy Group Inc. - Segment focus

• 10.12 Wilmar International Ltd.
• Exhibit 79: Wilmar International Ltd. - Overview
• Exhibit 80: Wilmar International Ltd. - Business segments
• Exhibit 81: Wilmar International Ltd. - Key offerings
• Exhibit 82: Wilmar International Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 83: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 84: Research Methodology
• Exhibit 85: Validation techniques employed for market sizing
• Exhibit 86: Information sources

• 11.4 List of abbreviations
• Exhibit 87: List of abbreviations

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SOURCE Technavio