Middle East & Africa Biofuels Market Size & Outlook
Global Report
Related Markets
MEA biofuels market highlights
- The MEA biofuels market generated a revenue of USD 304.8 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating form in 2023.
- Solid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 304.8 million |
| Market revenue in 2030 | USD 582.0 million |
| Growth rate | 9.9% (CAGR from 2024 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Solid 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, MEA region accounted for 0.3% 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.
Presently, the contribution of the Middle East & Africa in terms of biofuel production is very low. The Middle East & Africa region in terms of revenue is projected to grow at a CAGR of 9.4% from 2022 to 2030; however, several pilot projects for the efficient production of biofuels are in progress, which is anticipated to fuel the growth of the biofuel market in the region.
For instance, in June 2022, Monjasa Shipping Group completed its first marine biofuel blending and supply in the UAE. The project was carried out in close collaboration with Uniper, an international energy company, and Neutral Fuels, a biofuel producer.
In 2021, the UAE became the first country in the Middle East to establish biodiesel standards. Emirates Authority for Standardization and Metrology (ESMA) is the federal agency in charge of establishing quality control standards.
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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 |
Middle East & Africa 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 46.1% in 2023.
Horizon Databook has segmented the Middle East & Africa biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
Presently, the contribution of the Middle East & Africa in terms of biofuel production is very low. The Middle East & Africa region in terms of revenue is projected to grow at a CAGR of 9.4% from 2022 to 2030; however, several pilot projects for the efficient production of biofuels are in progress, which is anticipated to fuel the growth of the biofuel market in the region.
For instance, in June 2022, Monjasa Shipping Group completed its first marine biofuel blending and supply in the UAE. The project was carried out in close collaboration with Uniper, an international energy company, and Neutral Fuels, a biofuel producer.
In 2021, the UAE became the first country in the Middle East to establish biodiesel standards. Emirates Authority for Standardization and Metrology (ESMA) is the federal agency in charge of establishing quality control standards.
- Middle East & Africa Biofuels Market Form Outlook (Revenue, USD Million , 2018-2030)
- Solid Biofuel
- Liquid Biofuel
- Gaseous Biofuel
- Middle East & Africa Biofuels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biodiesel
- Ethanol
- Wood Pellets
- Other Product
- Middle East & Africa Biofuels Market Feedstock Outlook (Revenue, USD Million , 2018-2030)
- Corn
- Sugarcane
- Vegetable Oils
- Other Feedstock
- Middle East & Africa 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 Middle East & Africa Biofuels Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Biofuels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Biofuels Market, 2018-2030 (US$M)
MEA Form - Biofuels Market Statistics, 2023 - 2030 (US$M)
