Chemicals, Fuels & Wood Products

Biodiesel: Market Size, Growth & Forecast to 2030

The Biodiesel market is valued at about $57 billion (2026) and is projected to grow at a 4.8% CAGR through 2030. The largest cost driver is Feedstock costs (65% of spend). North America leads demand at 35%.

Market size
$57.0 bn (2026)
CAGR to 2030
+4.8%
Buyer power
Favours buyers
Tracked suppliers
150

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.8% CAGR.

1261181091001002026104.82027109.82028115.12029120.62030126.42031

Cost structure

Feedstock costs
65%
Processing and transesterification
15%
Logistics and distribution
10%
Regulatory compliance and credits
5%
Overhead and administrative
5%

Regional demand split

North America demand
35%
Europe demand
30%
Asia Pacific demand
20%
Latin America demand
10%
Rest of world demand
5%

Key suppliers

Renewable Energy Group (REG)Pacific BiodieselADMPetrobrasValero Energy Corp.ChevronBunge North AmericaShell
Read the full Biodiesel report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/biodiesel