바이오연료 시장 분석 : 유형별, 원료별, 용도별, 전망(2018-2034년)

The global biofuels market demand exceeded 70,000 kilo tons in 2025 and is projected to expand at a CAGR of 11.9% from 2026 to 2034. Biofuels are liquid and gaseous fuels derived from renewable biological resources, including crops, agricultural residues, forestry waste, and algae. They offer an alternative to fossil fuels and can complement other renewable energy sources, supporting efforts to reduce greenhouse gas emissions and improve energy security. Biofuels are used across transportation, aviation, marine, power generation, and industrial applications as substitutes for, or blending components in, gasoline, diesel, aviation fuel, and natural gas. Conventional biofuels include ethanol produced from sugarcane, corn, and wheat, as well as biodiesel derived from vegetable oils and animal fats. Advanced biofuels are manufactured from non-food feedstocks, such as agricultural and forestry residues, municipal solid waste, algae, and lignocellulosic biomass.

Biofuels Demand, by Feedstock

The global biofuels market is segmented by feedstock into Sugar and Starch, Oils and Fats, and Others. Sugar and Starch represents the leading feedstock segment, supported by the widespread use of sugarcane, sugar beet, corn, wheat, and cassava in bioethanol production through fermentation. The broad availability of these agricultural resources, established ethanol production technologies, and government-mandated fuel-blending programs have strengthened the segment's market position. The growing adoption of ethanol-blended gasoline, including E10, E15, E20, and E85, has further supported demand for sugar- and starch-based feedstocks. These feedstocks contribute to renewable fuel production, helping reduce dependence on conventional petroleum resources and potentially lowering lifecycle greenhouse gas emissions, depending on cultivation, processing, and distribution practices.

Biofuels Market, by Type

The global biofuels market is segmented by type into Ethanol, Biodiesel, Methanol, Renewable Gasoline, Sustainable Aviation Fuel (SAF), Dimethyl Ether (DME), and Others. Ethanol accounts for a substantial share of the market because of its established role as a gasoline-blending component and the implementation of mandatory blending programs in major markets, including the United States, Brazil, India, and several European countries. It is primarily produced through the fermentation of sugarcane, corn, wheat, sugar beet, and other sugar- and starch-rich feedstocks. Its high octane rating supports efficient engine combustion and helps reduce reliance on conventional petroleum-based gasoline.

Sustainable Aviation Fuel is among the fastest-growing product segments as airlines, fuel producers, and governments pursue aviation-sector decarbonization. Investments in production pathways such as Hydroprocessed Esters and Fatty Acids (HEFA), Alcohol-to-Jet (ATJ), and Fischer-Tropsch (FT) are supporting the development of SAF supply. SAF can be produced from eligible non-petroleum feedstocks and blended with conventional jet fuel at approved levels, depending on the production pathway and applicable technical specifications. According to the International Civil Aviation Organization (ICAO), more than 360,000 commercial flights had used SAF across 46 airports, with adoption concentrated largely in the United States and Europe.

Biofuels Market, by End Use

The global biofuels market is segmented by end use into Transportation, Power Generation, Industrial, and Others. Transportation represents the largest consumption segment, driven by fuel-blending requirements, decarbonization targets, and the increasing integration of renewable fuels into road, air, and marine transport. Within transportation, the Automotive segment accounts for a significant share of demand, as ethanol is blended with gasoline while biodiesel and renewable diesel are used as alternatives to conventional diesel in passenger vehicles, trucks, buses, and heavy-duty vehicles. The expansion of renewable diesel production, broader fuel availability, and investment in advanced biofuel technologies are expected to support future market growth.

The Aviation segment is projected to record the fastest growth, supported by the increasing commercialization of Sustainable Aviation Fuel. SAF can be manufactured from feedstocks such as used cooking oil, agricultural residues, municipal solid waste, and, through certain pathways, captured carbon dioxide. Major production routes include Alcohol-to-Jet (ATJ), Hydroprocessed Esters and Fatty Acids (HEFA), Gasification and Fischer-Tropsch (GFT), and Power-to-Liquids (PtL). The pace of adoption will depend on production costs, feedstock availability, infrastructure, and regulatory support.

The Marine industry is also emerging as an important source of biofuel demand as international regulations and decarbonization initiatives increase pressure on shipping operators to reduce emissions. Bio-methanol, biodiesel, renewable diesel, bio-DME, and other renewable marine fuels are being evaluated or adopted as alternatives to conventional marine bunker fuels. Demand from ferries, cargo vessels, cruise ships, and inland shipping is expected to increase as fuel availability improves and maritime operators pursue lower-carbon operations.

Biofuels Market, by Region

Asia Pacific is a major biofuels market, supported by its large transportation sector, growing fuel consumption, expanding blending mandates, and increasing domestic production capacity in countries such as China, India, Indonesia, and Thailand. In India, the Ethanol Blended Petrol (EBP) Programme has helped increase ethanol blending from less than 1.5% in 2013-14 to the 20% target in 2025-26, five years ahead of the original schedule. Indonesia and Malaysia have also promoted biodiesel blending, supporting demand for palm-oil-based feedstocks. Meanwhile, China is expanding ethanol and renewable diesel initiatives as part of its broader energy-security and emissions-reduction objectives.

The United States and Brazil are leading producers of biofuels derived from sugar- and starch-based feedstocks. Brazil relies primarily on sugarcane, while corn is the principal ethanol feedstock in the United States. The adoption of higher blending levels, increasing demand for renewable fuels, and efforts to reduce greenhouse gas emissions are expected to support continued market development in both countries.

Driver: Growing Demand for Cleaner Fuels

The rising demand for cleaner energy sources is a key driver of the global biofuels market. Biofuels can be produced from a range of renewable biological resources, including agricultural crops, forestry residues, and certain waste streams, offering opportunities to diversify energy supplies and reduce dependence on fossil fuels. Policy frameworks have played an important role in encouraging adoption. The European Union's Renewable Energy Directive establishes renewable energy objectives, while the United States' Renewable Fuel Standard programme is designed to support renewable fuel use and reduce lifecycle greenhouse gas emissions.

India is also promoting biofuel production to strengthen energy security, support agricultural incomes, and encourage the use of surplus crops and agricultural residues. The National Policy on Biofuels, introduced in 2018, provides a framework for developing the sector through blending targets, policy measures, and incentives. In aviation, India is exploring domestic SAF production through policy initiatives and pilot projects. Government targets have included SAF blending of 1% in international flights departing India from 2027 and 2% from 2028, with a potential increase to 5% by 2030, subject to implementation and applicable requirements. More broadly, environmental regulations, fuel-diversification strategies, and decarbonization commitments are expected to sustain demand for biofuels across major economies.

Key Manufacturers

BIOX Corporation, Cargill Inc., Bunge Limited, Neste Corporation, Cremer Oleo, Valero, and Indian Oil Corporation are among the companies operating in the global biofuels market.

Recent Developments

• On June 5, 2026, Paraguay announced plans for a USD 150 million biofuel plant in collaboration with India's Praj Industries.
• On July 15, 2026, Axens announced the launch of France's first industrial-scale sustainable aviation fuel unit based on advanced bioethanol and using its Jetanol(R) technology.
• In September 2025, India began operations at its first bamboo-based bioethanol plant in Golaghat, Assam.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Feedstock
  • Type
  • End-Use
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2024
  • Base - 2025
  • Forecast Period - 2026 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies

4. End-use Sector Performance and COVID-19 Impact

• Transportation
• Oil and Gas
• Power
• Chemical
• Industrial

5. Introduction to Biofuels and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Biofuels Demand Analysis, By Feedstock, By Type and By End-Use (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Other Functional Ingredients
• Global Biofuels Market, By Feedstock
  • Sugar & Starch
  • Oils & Fats
  • Others (Municipal Solid Waste)
• Global Biofuels Market, By Type
  • Ethanol
  • Biodiesel
  • Methanol
  • Renewable Gasoline
  • Sustainable Aviation Fuel (SAF)
  • Dimethyl Ether (DME)
  • Others
• Global Biofuels Market, by End-Use
  • Transportation
  • Automotive
  • Aviation
  • Marine
  • Others
  • Power Generation
  • Industrial
  • Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018-2034)
• Demand Growth Rate (%)
• Biofuels Market, By Feedstock
• Biofuels Market, By Type
• Biofuels Market, By End-Use
• North America
  • USA
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • Italy
  • United Kingdom
  • Spain
  • Rest of Western Europe
• Central & Eastern Europe
  • Russia
  • Poland
  • Rest of Central & Eastern Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia-Pacific
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East
  • Saudi Arabia
  • UAE
  • Rest of Middle East
• Africa
  • South Africa
  • Rest of MEA

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis and Market Share Analysis

• Biofuels Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Recent Developments
  • Companies Covered
  • BIOX Corporation
  • Cargill Inc.
  • Neste Corporation
  • Bungee Limited
  • Cremer Oleo
  • Valero
  • Indian Oil Corporation
  • Other Manufacturers

13. Appendices

• Demand- Regions
• Demand- Countries