Europe Biofuels Market Size & Outlook, 2024-2030
Global Report
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Europe biofuels market highlights
- The Europe biofuels market generated a revenue of USD 28,384.2 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 28,384.2 million |
| Market revenue in 2030 | USD 59,035.5 million |
| Growth rate | 11.2% (CAGR from 2024 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.5% of the biofuels market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,944.0 million by 2030.
The European biofuel market is growing owing to technological advancements and increasing investments in biofuel refinery in the region. Moreover, the government initiatives and rising demand for biofuel are driving the growth of the European market.
The European companies are investing huge capital for the R&D of biofuel production from existing sources and increase the share of non-food feedstock over the next few years, which is expected to fuel the growth of biofuel market.
The rapid depletion of fossil fuels is creating ample growth opportunities for the market. The EU has set targets to fulfill a significant portion of its energy needs from renewable energy. The focus of the government on reducing carbon emission is also creating many opportunities for the growth of the biofuels market.
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Publish Date: Nov 27, 2025
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chevron Corp | View profile | 45,600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | www.chevron.com |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Wilmar International Ltd | View profile | 100,000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | www.wilmar-international.com |
| International Flavors & Fragrances Inc | View profile | 21,500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | www.iff.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Green Plains Inc | View profile | 921 | 1811 Aksarben Drive, Omaha, NE, United States, 68106 | www.gpreinc.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40,213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | www.petrobras.com.br |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Air Liquide SA | View profile | 67,800 | 75, Quai d'Orsay, Paris, France, 75007 | www.airliquide.com |
Europe Biofuels Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biofuels Market Outlook will help companies and investors design strategic landscapes.
Solid Biofuel was the largest segment with a revenue share of 55.3% in 2023.
Horizon Databook has segmented the Europe biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The European biofuel market is growing owing to technological advancements and increasing investments in biofuel refinery in the region. Moreover, the government initiatives and rising demand for biofuel are driving the growth of the European market.
The European companies are investing huge capital for the R&D of biofuel production from existing sources and increase the share of non-food feedstock over the next few years, which is expected to fuel the growth of biofuel market.
The rapid depletion of fossil fuels is creating ample growth opportunities for the market. The EU has set targets to fulfill a significant portion of its energy needs from renewable energy. The focus of the government on reducing carbon emission is also creating many opportunities for the growth of the biofuels market.
- Europe Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- Europe Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Other Product
- Europe Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Other Feedstock
- Europe Biofuels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Transportation
- Aviation
- Energy Generation
- Heating
- Other Application
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Biofuels Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Biofuels Market, 2018-2030 (US$M)
Europe Form - Biofuels Market Statistics, 2023 - 2030 (Thousand TOE)
