Market overview
The global biodiesel market is worth USD 71.4 bn in 2026 and is forecast to reach USD 122 bn by 2036, growing at a 5.5% CAGR. United States is the largest country market and Soybean and rapeseed oil is the largest by feedstock segment.
| Scope | Biodiesel as fatty acid methyl ester and hydrotreated renewable diesel made from vegetable oils, used cooking oil and animal fats, sold for blending and as drop-in diesel. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 68.0 bn |
| Value 2026 | USD 71.4 bn |
| Value 2036 | USD 122 bn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 64,583 million litres |
| Volume 2036 | 101,868 million litres |
| Average price 2026 | USD 1.11 per litre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Biodiesel market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 71.4 bn |
| 2027 | USD 75.3 bn |
| 2028 | USD 79.5 bn |
| 2029 | USD 83.8 bn |
| 2030 | USD 88.5 bn |
| 2031 | USD 93.3 bn |
| 2032 | USD 98.4 bn |
| 2033 | USD 104 bn |
| 2034 | USD 110 bn |
| 2035 | USD 116 bn |
| 2036 | USD 122 bn |
Biodiesel market segmentation
By feedstock
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Palm oil | 25.0% | 20.6% | USD 17.9 bn | 3.5% |
| Soybean and rapeseed oil | 35.0% | 31.8% | USD 25.0 bn | 4.5% |
| Used cooking oil and waste fats | 32.0% | 40.3% | USD 22.8 bn | 8.0% |
| Other feedstocks | 8.0% | 7.3% | USD 5.7 bn | 4.5% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Road transport | 82.0% | 81.0% | USD 58.5 bn | 5.4% |
| Heating and industrial | 8.0% | 7.5% | USD 5.7 bn | 4.9% |
| Marine and rail | 6.0% | 7.5% | USD 4.3 bn | 7.9% |
| Power generation | 4.0% | 4.0% | USD 2.9 bn | 5.4% |
By production process
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Base-catalysed transesterification | 78.0% | 72.0% | USD 55.7 bn | 4.7% |
| Acid and enzymatic routes | 14.0% | 17.0% | USD 10.0 bn | 7.6% |
| Supercritical and advanced routes | 8.0% | 11.0% | USD 5.7 bn | 8.9% |
By blend level
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| B5 and below | 28.0% | 22.0% | USD 20.0 bn | 3.0% |
| B6 to B20 | 54.0% | 52.0% | USD 38.6 bn | 5.1% |
| Above B20 and B100 | 18.0% | 26.0% | USD 12.9 bn | 9.4% |
By sales channel
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Mandated blending by obligated parties | 64.0% | 60.0% | USD 45.7 bn | 4.8% |
| Direct fleet and industrial supply | 22.0% | 24.0% | USD 15.7 bn | 6.4% |
| Export and traded cargoes | 14.0% | 16.0% | USD 10.0 bn | 6.9% |
Top 25 countries for biodiesel by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 74.0% of 2026 revenue and the 25 countries below together hold 92.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 15.7 bn | 22.0% | USD 26.2 bn | 5.3% |
| 2 | Indonesia | USD 10.7 bn | 15.0% | USD 17.8 bn | 5.2% |
| 3 | Brazil | USD 7.1 bn | 10.0% | USD 12.4 bn | 5.7% |
| 4 | Germany | USD 5.0 bn | 7.0% | USD 7.2 bn | 3.7% |
| 5 | Netherlands | USD 3.6 bn | 5.0% | USD 6.0 bn | 5.3% |
| 6 | France | USD 2.9 bn | 4.0% | USD 4.1 bn | 3.8% |
| 7 | Singapore | USD 2.1 bn | 3.0% | USD 3.9 bn | 6.2% |
| 8 | Spain | USD 2.1 bn | 3.0% | USD 3.5 bn | 5.1% |
| 9 | Argentina | USD 1.8 bn | 2.5% | USD 2.6 bn | 3.7% |
| 10 | India | USD 1.8 bn | 2.5% | USD 5.7 bn | 12.4% |
| 11 | Malaysia | USD 1.3 bn | 1.8% | USD 2.4 bn | 6.3% |
| 12 | Thailand | USD 1.2 bn | 1.7% | USD 2.2 bn | 6.3% |
| 13 | Italy | USD 1.1 bn | 1.5% | USD 1.7 bn | 4.8% |
| 14 | Canada | USD 1.1 bn | 1.5% | USD 1.8 bn | 5.6% |
| 15 | China | USD 1.1 bn | 1.5% | USD 2.0 bn | 6.2% |
| 16 | Poland | USD 1,000 mn | 1.4% | USD 1.7 bn | 5.6% |
| 17 | Belgium | USD 928 mn | 1.3% | USD 1.5 bn | 4.8% |
| 18 | United Kingdom | USD 928 mn | 1.3% | USD 1.6 bn | 5.6% |
| 19 | Colombia | USD 857 mn | 1.2% | USD 1.6 bn | 6.3% |
| 20 | Austria | USD 714 mn | 1.0% | USD 1.1 bn | 4.7% |
| 21 | Sweden | USD 714 mn | 1.0% | USD 1.2 bn | 5.6% |
| 22 | Finland | USD 643 mn | 0.9% | USD 1.1 bn | 5.5% |
| 23 | Portugal | USD 643 mn | 0.9% | USD 1.1 bn | 5.5% |
| 24 | Philippines | USD 643 mn | 0.9% | USD 1.3 bn | 6.9% |
| 25 | Australia | USD 571 mn | 0.8% | USD 1.0 bn | 6.3% |
| Rest of world | USD 5.2 bn | 7.3% | USD 9.1 bn | 5.7% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Neste
- Diamond Green Diesel
- Wilmar International
- Cargill
- ADM
- Eni
- Chevron Renewable Energy Group
Group 2: Regional and specialist players
- Preem
- World Energy
- Verbio
- Marathon Petroleum
- Musim Mas
- Repsol
- Moeve
- Petrobras
- Argent Energy
Group 3: Emerging and niche players
- Ecofuel
- Biodiesel Amazonia
- Greenergy
- Ag Processing Inc
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the biodiesel market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.
The market is divided by feedstock, by end use, by production process, by blend level, by sales channel. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the biodiesel market?
The global biodiesel market is estimated at USD 68.0 bn in 2025 and USD 71.4 bn in 2026.
How fast will the biodiesel market grow?
It is forecast to reach USD 122 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 50.6 bn.
Which country is the largest market for biodiesel?
United States is the largest market by revenue at USD 15.7 bn in 2026, 22.0% of the global total. The three largest countries together hold 47.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 12.4% a year from 2026 to 2036.
Which biodiesel segment is largest?
In the by feedstock split, Soybean and rapeseed oil is the largest segment with 35.0% of 2026 revenue.
Who are the leading biodiesel companies?
Global leaders include Neste, Diamond Green Diesel, Wilmar International, Cargill.
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