바이오연료 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 형태별, 용도별, 원료별, 지역별, 경쟁(2021-2031년)

The Global Biofuel Market is projected to expand from USD 123.23 Billion in 2025 to USD 215.47 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 9.76%. Biofuels are defined as gaseous or liquid fuels originating from renewable biomass resources, such as agricultural crops, organic waste, and plant residues, functioning as sustainable additives or alternatives to traditional fossil fuels. The principal forces driving this market include strict government regulations designed to decarbonize the transportation sector and national strategies intended to bolster energy security by cutting dependence on petroleum imports. Additionally, the instability of crude oil prices incentivizes the shift toward these renewable energy options to secure stable long-term operating costs for industrial and commercial entities.

The industry maintains substantial production capacities amidst these favorable conditions. Data from the World Bioenergy Association indicates that global ethanol production hit 118 billion liters in 2024, underscoring the vast magnitude of current manufacturing operations. Nevertheless, a significant obstacle limiting widespread market growth is the restriction on feedstock availability, where the rivalry between agricultural land usage for food versus fuel generates supply chain vulnerabilities and increases raw material expenses.

Market Driver

The enforcement of favorable government regulatory structures and blending mandates acts as the primary propellant for the global biofuel market. Across the globe, governments are implementing strict policies to lower carbon intensity within the transport sector, effectively securing demand through statutory blending obligations. These regulations protect producers against market volatility and stimulate long-term capacity investments by establishing a guaranteed consumption baseline. For instance, the United States heavily depends on legislative measures to sustain high production volumes; the Renewable Fuels Association's '2024 Ethanol Industry Outlook' reported that the U.S. ethanol sector produced 15.6 billion gallons in 2023, a total significantly supported by the statutory provisions of the Renewable Fuel Standard.

Concurrently, the swift growth of the Sustainable Aviation Fuel (SAF) market serves as a transformative catalyst, spurred by the aviation industry's critical requirement to decarbonize. Logistics firms and airlines are frequently utilizing forward-purchase agreements to ensure supply for net-zero goals, expanding the sector's reach beyond conventional road transport. As noted by the International Air Transport Association in its June 2024 'SAF Output to Triple' release, global SAF production is anticipated to hit 1.9 billion liters in 2024, signifying a major increase in manufacturing capacity. This shift is happening alongside changing demand trends in developing areas, with the International Energy Agency projecting in 2024 that emerging economies will comprise nearly 70% of global biofuel demand growth over the coming five years.

Market Challenge

A scarcity of available feedstock poses a major structural hurdle to the expansion of the global biofuel sector. Because producers depend significantly on agricultural crops, the escalating competition for arable land between food supplies and fuel resources causes considerable supply chain instability. This reliance results in unavoidable variations in raw material costs, which directly affects the profitability of biofuel production. When crop harvests are erratic or redirected to food markets, the operating expenses for fuel manufacturers increase, rendering the end product less competitive compared to conventional fossil fuels.

This economic pressure limits the ability of manufacturers to scale operations or invest in infrastructure growth. The immense quantity of raw materials needed to support existing output levels underscores the gravity of this reliance. According to the Renewable Fuels Association, the ethanol sector consumed 5.3 billion bushels of corn in 2024 to sustain fuel production rates. This dependence on vast agricultural inputs implies that supply limitations do not merely raise expenses but actively restrict the potential for market expansion, making it difficult for the sector to achieve escalating demand targets due to these upstream resource constraints.

Market Trends

The market is experiencing a significant increase in the adoption of Hydrotreated Vegetable Oil (HVO) as a premier alternative to conventional Fatty Acid Methyl Esters (FAME). In contrast to traditional biodiesel, HVO functions as a drop-in fuel that is compatible with current diesel engines and infrastructure without needing blend limitations, rendering it extremely appealing for the heavy-duty transport industry. This technical benefit is propelling rapid infrastructure growth in major economies to satisfy commercial needs; the World Bioenergy Association's 'Global Bioenergy Statistics Report 2024', released in November 2024, noted that the United States led global output with 11 billion liters of HVO in 2023, almost doubling its production from the prior year.

At the same time, the maritime industry is vigorously embracing bio-bunkering solutions to adhere to increasingly strict international emission regulations. Shipping enterprises are progressively incorporating bio-blended fuels into their workflows, leveraging major logistics hubs to ensure reliable supply chains for deep-sea vessels. This transition marks a vital expansion of biofuel application beyond land and air transport, positioning marine shipping as a new frontier for consumption. According to the DNV 'Biofuels in Shipping' white paper from January 2025, total sales of bio-blended fuel in the key bunkering centers of Singapore and Rotterdam exceeded 1.6 million tonnes in 2024, emphasizing the swift acceleration of adoption across global trade lanes.

Key Market Players

• Archer Daniels Midland Company
• Green Plains Inc.
• Petrobras
• Valero Energy Corp.
• Alto Ingredients Inc.
• Butamax Advanced Biofuels LLC
• Wilmar International Ltd.
• Renewable Energy Group, Inc.
• Bunge North America, Inc.
• Royal Dutch Shell Plc

Report Scope

In this report, the Global Biofuel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Biofuel Market, By Form

• Solid Biofuel
• Liquid Biofuel
• Gaseous Biofuel

Biofuel Market, By Application

• Transportation
• Aviation
• Energy Generation
• Heating
• Others

Biofuel Market, By Feedstock

• Corn
• Sugarcane
• Vegetables Oils
• Others

Biofuel Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Biofuel Market.

Available Customizations:

Global Biofuel Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Biofuel Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Form (Solid Biofuel, Liquid Biofuel, Gaseous Biofuel)
  • 5.2.2. By Application (Transportation, Aviation, Energy Generation, Heating, Others)
  • 5.2.3. By Feedstock (Corn, Sugarcane, Vegetables Oils, Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Biofuel Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Form
  • 6.2.2. By Application
  • 6.2.3. By Feedstock
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Biofuel Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Form
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By Feedstock
  • 6.3.2. Canada Biofuel Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Form
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By Feedstock
  • 6.3.3. Mexico Biofuel Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Form
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By Feedstock

7. Europe Biofuel Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Form
  • 7.2.2. By Application
  • 7.2.3. By Feedstock
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Biofuel Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Form
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By Feedstock
  • 7.3.2. France Biofuel Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Form
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By Feedstock
  • 7.3.3. United Kingdom Biofuel Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Form
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By Feedstock
  • 7.3.4. Italy Biofuel Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Form
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By Feedstock
  • 7.3.5. Spain Biofuel Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Form
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By Feedstock

8. Asia Pacific Biofuel Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Form
  • 8.2.2. By Application
  • 8.2.3. By Feedstock
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Biofuel Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Form
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By Feedstock
  • 8.3.2. India Biofuel Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Form
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By Feedstock
  • 8.3.3. Japan Biofuel Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Form
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By Feedstock
  • 8.3.4. South Korea Biofuel Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Form
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By Feedstock
  • 8.3.5. Australia Biofuel Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Form
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By Feedstock

9. Middle East & Africa Biofuel Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Form
  • 9.2.2. By Application
  • 9.2.3. By Feedstock
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Biofuel Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Form
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By Feedstock
  • 9.3.2. UAE Biofuel Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Form
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By Feedstock
  • 9.3.3. South Africa Biofuel Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Form
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By Feedstock

10. South America Biofuel Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Form
  • 10.2.2. By Application
  • 10.2.3. By Feedstock
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Biofuel Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Form
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By Feedstock
  • 10.3.2. Colombia Biofuel Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Form
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By Feedstock
  • 10.3.3. Argentina Biofuel Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Form
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By Feedstock

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Biofuel Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Archer Daniels Midland Company
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Green Plains Inc.
• 15.3. Petrobras
• 15.4. Valero Energy Corp.
• 15.5. Alto Ingredients Inc.
• 15.6. Butamax Advanced Biofuels LLC
• 15.7. Wilmar International Ltd.
• 15.8. Renewable Energy Group, Inc.
• 15.9. Bunge North America, Inc.
• 15.10. Royal Dutch Shell Plc

16. Strategic Recommendations

17. About Us & Disclaimer