Biodiesel Market Scope, Global Trends, and Forecast to 2030 – Delvens

The global Biodiesel market size was estimated at USD 38.62 billion in 2023 and is projected to reach USD 65.3 billion in 2030 at a CAGR of 7.8% during the forecast period 2024-2030.

Biodiesel, a renewable and clean-burning alternative to diesel, is increasingly recognized for its potential to replace conventional fossil fuels in power generation and automotive applications. It is produced through the transesterification of raw materials such as vegetable oils, animal fats, and recycled cooking grease.