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The global Biofuel market was valued at US$ 74940 million in 2022 and is projected to reach US$ 93770 million by 2035, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Biofuels are non-fossil fuels. They are energy carriers that store the energy derived from organic materials (biomass), including plant materials and animal waste. First-generation biofuels are currently produced from food crops such as sugar cane and rapeseed. They include bioethanol (made from sugars and starch) and biodiesel (made from vegetable oil). Second-generation biofuels are under development and will be derived from non-food plant matter such as crop residues and agricultural or municipal wastes. They include bioethanol made from cellulosic materials such as straw or wood.
The two most widely used types of biofuels are bioethanol and biodiesel, so this report only focuses on bioethanol and biodiesel.
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. This report contains market size and forecasts of Biofuel in global, including the following market information:

• Global Biofuel Market Revenue, 2018-2023, 2024-2035, ($ millions)
• Global Biofuel Market Sales, 2018-2023, 2024-2035, (K MT)
• Global top five Biofuel companies in 2022 (%)

United States is the largest Biofuels market with about 54% market share. South America is follower, accounting for about 28% market share.
The key players are Diester Industries, Neste Oil Rotterdam, ADM, Infinita Renovables, Biopetrol, Cargill, Ital Green Oil, Glencore, Louis Dreyfus, Renewable Energy Group, RBF Port Neches, Ag Processing, Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru, Jinergy, Hebei Jingu Group, Longyan Zhuoyue, Shandong Jinjiang etc. Top 3 companies occupied about 13% market share.
We surveyed the Biofuel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biofuel Market, by Type, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Biofuel Market Segment Percentages, by Type, 2022 (%)

• Biodiesel
• Ethanol

Global Biofuel Market, by Application, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Biofuel Market Segment Percentages, by Application, 2022 (%)

• Aviation
• Vehicle
• Industrial
• Others

Global Biofuel Market, By Region and Country, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Biofuel Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biofuel revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Biofuel revenues share in global market, 2022 (%)
Key companies Biofuel sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Biofuel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Abengoa Bioenergy
• Cargill
• BTG
• DowDuPont
• Wilmar
• Renewable Energy
• POET
• Archer Daniels Midland
• VERBIO Vereinigte BioEnergie

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Biofuel, market overview.
• Chapter 2: Global Biofuel market size in revenue and volume.
• Chapter 3: Detailed analysis of Biofuel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: 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 5: 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 6: Sales 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 of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Biofuel capacity by region & country.
• 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: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.