The biofuels market in France is expected to reach a projected revenue of US$ 13,389.3 million by 2030. A compound annual growth rate of 12% is expected of France biofuels market from 2024 to 2030.
The France biofuels market generated a revenue of USD 6,139.7 million in 2023 and is expected to reach USD 13,389.3 million by 2030.
The France market is expected to grow at a CAGR of 12% 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.
Biofuels market data book summary
Market revenue in 2023
USD 6,139.7 million
Market revenue in 2030
USD 13,389.3 million
Growth rate
12% (CAGR from 2024 to 2030)
Largest segment
Solid biofuel
Fastest growing segment
Liquid Biofuel
Historical data
2018 - 2022
Base year
2023
Forecast period
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, France accounted for 6.2% of the biofuels market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, France biofuels market is projected to lead the regional market in terms of revenue in 2030.
Spain is the fastest growing regional market in Europe and is projected to reach USD 2,296.5 million by 2030.
In France, bioethanol consumption is growing owing to a rise in gas stations selling E10 and E85 combined at a cheaper price as compared to fossil gasoline. Moreover, gasoline demand (both renewable and fossil) is rising whereas diesel demand has been in a stagnant position.
At the beginning of 2018, it was 40% cheaper than gasoline. Additionally, the tax was reduced for E10 and raised for gasoline. E85 signifies less than a percent of gasoline sales in France and henceforth is expected to witness raise in the consumption level owing to being cheaper than gasoline.
Bioethanol production is expected to increase in France, The Energy Transition for Green Growth Act of 2015 and the Energy and Climate Law of 2019 set up 2030 targets for various energy sectors.
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 52.56% in 2023.
Horizon Databook has segmented the France biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
In France, bioethanol consumption is growing owing to a rise in gas stations selling E10 and E85 combined at a cheaper price as compared to fossil gasoline. Moreover, gasoline demand (both renewable and fossil) is rising whereas diesel demand has been in a stagnant position.
At the beginning of 2018, it was 40% cheaper than gasoline. Additionally, the tax was reduced for E10 and raised for gasoline. E85 signifies less than a percent of gasoline sales in France and henceforth is expected to witness raise in the consumption level owing to being cheaper than gasoline.
Bioethanol production is expected to increase in France, The Energy Transition for Green Growth Act of 2015 and the Energy and Climate Law of 2019 set up 2030 targets for various energy sectors.
France Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
Solid Biofuel
Liquid Biofuel
Gaseous Biofuel
France Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
Biodiesel
Ethanol
Wood Pellets
Other Product
France Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
Corn
Sugarcane
Vegetable Oils
Other Feedstock
France 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 country-level data and insights on the France Biofuels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into France Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.