About Biodiesel Feedstock
Alkyl ester biodiesel is produced from renewable feedstocks such algae, vegetable oil, and animal fat waste. Additionally, the composition and characteristics of biodiesel are similar to those of petroleum-based diesel. Petro-diesel, often known as diesel, is a non-renewable fossil fuel made from crude oil that will eventually run out of supply. Due to the fact that diesel is manufactured from non-renewable resources, energy costs rise, particularly as crude oil supply declines. While glycerides, which make up the majority of the feedstock, are exchanged with the organic group of an alcohol during the transesterification reaction that results in the production of biodiesel and glycerol as a byproduct. One of the widely used biofuels is biodiesel, which is used extensively in the US, Brazil, Indonesia, Malaysia, France, Germany, and other European nations. From 3.5 million tonnes in 2005 to 16 million tonnes in 2010, 29 million tonnes in 2016, and an estimated 36.5 million tonnes or more in 2025, biodiesel output has increased significantly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Due to its renewable status and favourable effects on the environment, biodiesel is a potential and increasingly alluring fuel for diesel engines. The primary factor to consider is the greater cost of biofuels compared to fossil fuel. The cost of producing biodiesel is thought to be effectively reduced by using low-quality feedstocks, such as animal fats and non-edible oils, which do not compete with the food supply or the land used for growing food. The current work illustrates various treatment procedures to lower the high FFA content of the feedstock. Since glycerolysis is quicker, less hazardous, and more affordable than acid esterification, it offers numerous advantages over that process. There has been little research done on glycerolysis therapy; additional research and debate are needed. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Biodiesel Feedstock market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Co. (United States), Avril Group (France), Biocube Corp. (United States), Cargill Inc. (United States), Crimson Renewable Energy LLC (United States), Emami Agrotech Ltd. (India), Fathopes Energy (Malaysia), German Biofuels Gmbh (Germany), Ineos Group Ltd. (United Kingdom) and Louis Dreyfus Co. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Manuelita S.A. (Colombia), Renewable Biofuels Inc. (United States), Renewable Energy Group (United States), Western Dubuque Biodiesel LLC, (United States) and Wilmar International Ltd. (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Biodiesel Feedstock market by , Application (Fuel, Power Generation, Agriculture and Others) and Region.
On the basis of geography, the market of Biodiesel Feedstock has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Generation, the sub-segment i.e. First Generation (Sugar, Starch, Oil Bearing) will boost the Biodiesel Feedstock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Categories, the sub-segment i.e. Edible Vegetable Oil will boost the Biodiesel Feedstock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Energy Demand of the World Due To Rapidly Expanding Population and Accelerated Industrialization Is Primarily Satisfied By Non-Renewable Fossil Fuels
Challenges:
Food Shortage and Lack of Awareness Regarding the Biodiesel
Restraints:
High Cost of Production, Variation in Quality of Biodiesel and Not Suitable for Use in Low Temperatures
Opportunities:
Rise Biofuel Demand Has Contributed To Higher World Food and Feed Prices, Rises Energy Security, Expands Air Quality and the Environment and Offers Safety Benefits
Market Leaders and their expansionary development strategies
In 2021, Farmers Business Network (FBN) and Archer Daniels Midland (ADM) disclosed that FBN's most recent capital funding round included an equity investment from ADM, and that the two organisations also signed a letter of intent to strengthen their current partnership through a variety of potential future areas of collaboration.
In 2022, EnDura Fuels, a line of branded fuel solutions, has been introduced by Renewable Energy Group, Inc. to support the company's efforts in the switch to more environmentally friendly fuels. The company wants to increase the transport sector's position in the market while assisting it in achieving its goals for sustainability and corporate success.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.