Biodiesel Market is estimated to expand at a steady CAGR of 3% over the next ten years – PRNewswire

Demand for renewable energy is growing enormously, which is expected to drive the market steadily through the forecast period of 2021-2031. East Asia, Europe, and Latin America are major markets for biodiesel. Being a moderately fragmented market, manufacturers are highly focused on innovation and developing new production methods.

In its latest revised report, Persistence Market Research says that the global biodiesel market is estimated to expand at a steady CAGR of 3% over the next ten years.

Request for sample PDF of report:

Key Takeaways of from Market Study

  • Biodiesel is a safe and non-polluting source of energy, and is recognized as an alternative energy source to diminishing reserves.
  • Rising concerns regarding carbon emissions and increasing oil prices are fueling demand for biodiesel.
  • Biodiesel is much more economical than petrol and diesel, since recycling feedstock such as vegetable oil or animal oil is much cheaper than fossil fuel.
  • Feedstock for biodiesel production are vegetable oils, animal fats, and used cooking oil. Among these, vegetable oil accounted for the largest revenue share in 2020, as this oil contains low amounts of saturated fats, which helps in reducing manufacturing costs and facilitates easy processing.
  • Consumption of biodiesel, especially in European and Latin America countries such as Germany, France, and Brazil, among others, is expected to increase at an above-average rate during the forecast period. Accordingly, in order to cater to this increasing demand, huge investments in the research & development of biodiesel, along with acquisitions, mergers, and strategic collaborations, are the key business strategies being undertaken by companies in this space.

To know the methodology of report by asking an expert:

“Demand for low-emission fuels from the transportation sector to drive biodiesel sales over the coming years,” says a Persistence Market Research analyst.

Competitive Landscape

The global biodiesel market has been identified as a moderately fragmented spade, with the organized sector occupying a major section of the overall share. Some of the leading players included in the report are Cargill Incorporated, Inc, Wilmar International Ltd, Louis Dreyfus Company, Neste, Archer Daniels Midland Company, Royal Dutch Shell plc China Petroleum & Chemical Corporation, RB Fuels, and Renewable Energy Group, Inc. Large number of producers across the globe are anticipated to create an intensely competitive environment at the global level.

Get full access of report:

Global Biodiesel: Conclusion

The biodiesel industry is gaining substantial attention as an alternative fuel to petroleum-derived fuels due to major concerns regarding carbon emissions and global warming that have been elevated due to fossil fuels. Sales of biodiesel are estimated to rise over the coming years, owing to increasing demand for environment-friendly fuels across regions.

More Valuable Insights

Persistence Market Research, a research and consulting firm, has published a revised market research report on the biodiesel market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, feedstock, production process, application, and region. The report also provides supply and demand trends, along with an overview of the parent market.

Browse Research Release at:

Browse End-to-end Market: Chemicals and Materials 

Related Reports:

About Persistence Market Research 


Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.


Rajendra Singh 
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA – Canada Toll-Free: 800-961-0353
Email: [email protected] 
Visit Our Website:

SOURCE Persistence Market Research Pvt. Ltd.

Leave a Reply

Your email address will not be published. Required fields are marked *