Global biodiesel market size 2019 & 2024

Published by Statista Research Department, Dec 20, 2023
The global biodiesel market had a value of approximately 35 billion U.S. dollars in 2019. Biodiesel is a variety of diesel that is produced from plant or animal matter, typically by chemically reacting lipids with an alcohol to produce a methyl, ethyl, or propyl ester. It is forecast that by 2024, the worldwide market value of this fuel will reach just over 49 billion U.S. dollars.

Market value of biodiesel worldwide in 2019 and 2024 (in billion U.S. dollars)

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Release date

March 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Figure is forecast based on a CAGR of seven percent during the forecast period 2019-2024.

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