The Biodiesel Market is expected to reach $51.47 billion by 2029, at a CAGR of 3.6% during the forecast period 2022 to 2029. The growth of this market is driven by the high potential of biodiesel in reducing greenhouse gas emissions, the increasing adoption of biodiesel as a fuel, the better safety of biodiesel compared to fossil fuels, and the increasing demand for biodiesel from various industries. However, the increasing adoption of electric vehicles is expected to restrain the growth of this market. Government initiatives & incentives promoting the use of biofuels are expected to create growth opportunities for the players operating in this market. However, the possibility of biodiesel fuel blends degrading oil performance in diesel engines is a major challenge for market growth.
Here are the top 10 companies operating in Biodiesel Market
Archer Daniels Midland Company (ADM)
Founded in 1902 and headquartered in Illinois, U.S., ADM is a global food processing and commodities trading company. The company’s operations are organized, managed, and classified into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It offers refined products, starches and sweeteners, vantage corn processors, human nutrition, animal nutrition, industrial biosolutions, and services through these segments. Furthermore, it also offers fermentation nutrients, solvents, dispersants, biodiesel, industrial oils, fertilizers, emulsifiers & hydrocolloids, ethanol, polyols, propylene glycol, starches, and terpenes. ADM produces biodiesel from vegetable oils in Europe, Brazil, Canada, and the U.S.
With subsidiaries in more than 70 countries and a strong distribution network, the company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Ag Processing Inc.
Founded in 1983 and headquartered in Nebraska, U.S., Ag Processing Inc is an agribusiness company involved in procuring, processing, marketing, and transporting agricultural products. The company operates through four business segments, namely, Soybean Processing, Vegetable Oil Refining, Renewable Fuels Production, and Agricultural Products/Grain Marketing. It offers soy products, refined soybean oil, renewable fuels, grain, and amino plus. Furthermore, the company’s Renewable Fuels Production segment offers biodiesel, solvents, adjuvants, and crude glycerin.
Ag Processing has ten soybean processing plants in Lowa, Minnesota, Missouri, Nebraska, and South Dakota, four soybean oil refineries, and three biodiesel production facilities. The company has a presence across North America.
Avril Group
Founded in 1983 and headquartered in Paris, France, Avril Group is an agro-industrial company that provides its products to the animal nutrition, renewable energy, food and chemistry sectors. The company operates through four business segments, namely, Consumer Goods, Oilseed Processing & Renewable Energies, Solutions for Agriculture, and Specialties and Development.
The renewable fuels offered by Avril Group are produced under its subsidiaries Saipol and Expur. With 56 industrial sites in France and 73 industrial sites abroad, the company has a strong presence in more than 19 countries. Additionally, it has a geographical presence across Europe, North America, Asia-Pacific, Latin America, and Africa.
Biodiesel Bilbao S.L.
Founded in 2005 and headquartered in Zierbena, Spain, Biodiesel Bilbao S.L. is an agribusiness and food company. It is a subsidiary of Bunge Limited, which operates through four business segments, namely, Agribusiness, Refined and Specialty Oils, Milling, and Sugar & Bioenergy. The company offers Biodiesel and Glycerin. Bilbao’s biodiesel plant is located in the port of Zierbana, Bilbao.
Biodiesel Bilbao S.L., a subsidiary of Bunge Limited.
The company’s operations are located in North and Latin America, Europe, and Asia. With international marketing and sales office around the world, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Cargill Incorporated
Founded in 1865 and headquartered in Minnesota, U.S., Cargill, Inc. is involved in the manufacturing and marketing of food, agriculture, industrial, and financial services worldwide. The company offers various products & services in the agriculture, food & beverage, beauty, bio-industrial, animal nutrition, industrial, pharmaceutical, meat & poultry, risk management, supplements, and transportation industries. Its Agriculture segment offer grains & oilseeds, and biofuels such as biodiesel and glycerin. Cargill has manufacturing plants in Belgium, Lowa Falls, Lowa and Kansas City, Missouri.
With manufacturing facilities located in 70 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
“Meticulous Research in its latest publication on Biodiesel Market has predicted the growth of 3.6% during the forecast year 2022-2029″.
Louis Dreyfus Company B.V.
Founded in 1851 and headquartered in Rotterdam, Netherlands, Louis Dreyfus Company B.V. is a merchant and producer of agricultural goods. Its product portfolio includes animal feed & pet food, bioenergy, food & beverages, new proteins & ingredients, pharmaceuticals & cosmetics, textiles & fibers, and transportation. The company offers biodiesel through its Bioenergy segment. This segment also offers ethanol and palm fatty acid.
With its subsidiary and a strong distribution network, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Munzer Bioindustrie GmbH
Founded in 1991 and headquartered in Sinabelkirchen, Austria, Munzer Bioindustrie GmbH offers biodiesel, waste disposal, gastronomy service, cable and electronic waste, cleaning, and super suction. It produces biodiesel from waste material. Furthermore, the company produces more than 206,000 tons of biodiesel annually in its Vienna and Styria production facilities.
With production facilities and offices in Austria, Netherlands, Germany, India, Bangladesh and Kenya, the company has a geographical presence across Europe, Asia-Pacific, and the Middle East & Africa.
Renewable Energy Group Inc.
Founded in 2006 and headquartered in Lowa, U.S., Renewable Energy Group is a producer and supplier of renewable fuels such as biodiesel and renewable diesel, and renewable chemicals. The company also offers ultra-biodiesel, renewable diesel & biodiesel, and sustainable aviation fuel.
With its subsidiary and a strong distribution network, the company has a geographical presence across North America and Europe.
VERBIO Vereinigte Bioenergie AG
Founded in 2006 and headquartered in Leipzig, Germany, VERBIO Vereinigte Bioenergie AG is a manufacturer and supplier of biofuels such as biodiesel, bioethanol and biomethane on an industrial scale. It also provides sterols and pharmaceutical glycerin for the consumer goods and cosmetic industries. VERBIO annually produces around 660,000 tonnes of biodiesel, 260,000 tonnes of bioethanol, and 900 gigawatt-hours of biomethane.
With its production sites in Zörbig, Bitterfeld, Schwedt, and Pinnow and subsidiaries in India, the U.S., Canada, Poland and Hungary, the company has a geographical presence across North America, Europe, Asia Pacific, and Latin America.
Wilmar International Limited
Founded in 1991 and headquartered in Biopolis Road, Singapore, Wilmar International Limited is an investment holding company involved in the processing, merchandising, and distribution agricultural products. It operates through four business segments, namely, Food Products, Feed & Industrial Products, Plantation & Sugar Milling, and Others. Through the Feed & Industrial Products segment, the company offers animal feeds, non-edible palm and lauric products, agricultural commodities, oleochemicals, gas oil, and biodiesel.
With a strong distribution network in more than 50 countries, including China, India, and Indonesia, and 500 manufacturing plants in 32 countries, the company has a geographical presence across Asia-Pacific, the Middle East & Africa, Europe, North America, and Latin America.
Popular Mentions: Emami Agrotech Ltd (part of Emami Limited), FutureFuel Chemical Company (U.S.), G-Energetic Biofuels Private Limited (India), and World Energy LLC, among others.
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Authoritative Research on the Biodiesel Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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- Recent financial performance of biodiesel market
- Key products
- Significant company strategies
- Partnerships and acquisitions
- Impact of COVID-19 on the biodiesel market
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