Biodiesel Market Is Estimated To Exhibit At USD 73.05 Billion By 2030
San Francisco, 12 Dec 2022: The Report Biodiesel Market Size, Share & Trends Analysis Report By Feedstock (Vegetable Oils, Animal Fats), By Application (Fuel, Power Generation), By Region (Europe, APAC), And Segment Forecasts, 2022 - 2030 The global biodiesel market size is projected to reach USD 73.05 billion by 2030, expanding at a CAGR of 10.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for biodiesel as automobile fuel due to its eco-friendly properties, such as the reduced risk of GHG emissions, is expected to drive the industry growth. The market is distinguished by the presence of numerous players, the majority of whom are based in North America and Europe. Industry participants are embracing integration strategies to reduce their reliance on raw material suppliers and strengthen their position in the global industry . In 2021, North America accounted for over USD 5,114.7 million. Environmental support, better regula