Bioenergy market size to increase by USD 80.16 billion: Market research insights highlight increasing concerns about the environment and energy security as a key driver - Technavio

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Feb 10, 2023, 17:45 ET

NEW YORK, Feb. 10, 2023 /PRNewswire/ -- According to Technavio, the bioenergy market will witness a YOY growth of 7.0% in 2023. The market is segmented by application (transportation, off-grid electricity, cooking, and others), product type (liquid biofuel, solid biomass, and biogas), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The bioenergy market size is estimated to increase by USD 80.16 billion at a CAGR of 7.6% from 2022 to 2027. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 147.01 billion. Gain more insights into the market size, Request a Sample Report

Technavio has announced its latest market research report titled Global Bioenergy Market 2023-2027

Bioenergy Market - Vendor Insights

The global bioenergy market is fragmented. Several joint ventures are taking place in the market to synergize the capability of manufacturers and cater to new regions. The vendors are adopting M&A strategies to expand their geographical reach, which is moving the market toward consolidation. Thus, the competition in the global bioenergy market is intensifying. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Archer Daniels Midland Co. - The company offers bioenergy such as biomethane.
Babcock and Wilcox Enterprises Inc. - The company offers bioenergy such as Biomass energy.
BP Plc - The company offers bioenergy such as biogas through its subsidiary Archaea Energy.
Cargill Inc. - The company offers bioenergy such as biofuels from agricultural crops.
For details on the vendor landscape and its offerings – Buy the report!

Bioenergy market - Geographical Analysis

Europe will provide maximum growth opportunities in bioenergy market during the forecast period. According to our research report, the region will account for 33% of the global market growth during the forecast period. The market in Europe is driven by the increased use of biodiesel in vehicles and the growing number of flexible-fuel vehicles (FFVs).

Bioenergy market - Key Segment Analysis

The market share growth by the transportation segment will be significant during the forecast period. The segment is driven by the increasing adoption of emission-controlled fuels such as MTBE/TAME, biodiesel, and DME.

Download a Sample to obtain additional highlights and key points on various market segments and their impact in coming years.

Bioenergy market - Key Market Drivers and Challenges:

The bioenergy market is primarily driven by increasing concerns about the environment and energy security. Growing concerns over the greenhouse gas emissions caused by fossil fuels is compelling many countries across the world to look for alternative energy sources. Bioenergy is one of the fastest-growing alternatives to conventional energy sources. It reduces the dependency on imported crude oil for countries that have less or no reserves. Some governments are offering incentives to farmers and cultivators to encourage the production of biomass feedstocks. Many such factors are fueling the growth of the global bioenergy market.

The fall in crude oil prices is a major challenge in the market. The significant reduction in global crude oil prices is reducing the popularity of bioethanol, biodiesel, and other alternative renewable fuels. The reduction in crude oil prices has widened the price gap between conventional fuels and biofuels. This factor is expected to reduce the growth potential in the market during the forecast period.

Download a sample for highlights on market drivers & challenges affecting the bioenergy market.

What are the key data covered in this bioenergy market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the bioenergy market between 2023 and 2027
Precise estimation of the size of the bioenergy market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa

Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of bioenergy market vendors

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Related Reports:

The lignocellulosic feedstock-based biofuel market is projected to grow by USD 1.4 billion with a CAGR of 32.69% during the forecast period 2021 to 2026. The non-dependent nature of lignocellulosic feedstock on cropland is one of the key factors driving the global lignocellulosic feedstock-based biofuel market growth.
The biofuel from the sugar crops market will witness a growth of 3.11% with a CAGR of 3.93%, which is expected to increase by USD 635.34 million during the forecast period 2021 to 2026. The increased adoption of renewable sources of energy is notably driving the biofuel from sugar crops market growth, although factors such as fluctuations in oil prices may impede the market growth.

Bioenergy Market Scope
Report Coverage	Details
Page number	173
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.6%
Market growth 2023-2027	USD 80.16 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	7.0
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 33%
Key countries	US, China, Germany, France, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	A2A Spa, Archer Daniels Midland Co., Babcock and Wilcox Enterprises Inc., BP Plc, Cargill Inc., Darling Ingredients Inc., ENERKEM Inc., Fortum Oyj, Fulcrum BioEnergy Inc., Hitachi Zosen Corp., Louis Dreyfus Co. BV, Manta Biofuel, MVV Energie AG, Orsted AS, POET LLC, Schaumann BioEnergy Consult GmbH, SGP BioEnergy Holdings LLC, Shell plc, SynTech Bioenergy LLC, and Thumb BioEnergy LLC
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global bioenergy market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global bioenergy market 2017 - 2021 ($ billion)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.3 Product type Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Product type Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Transportation - Market size and forecast 2022-2027

Exhibit 34: Chart on Transportation - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Transportation - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Transportation - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Transportation - Year-over-year growth 2022-2027 (%)

6.4 Off-grid electricity - Market size and forecast 2022-2027

Exhibit 38: Chart on Off-grid electricity - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Off-grid electricity - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Off-grid electricity - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Off-grid electricity - Year-over-year growth 2022-2027 (%)

6.5 Cooking - Market size and forecast 2022-2027

Exhibit 42: Chart on Cooking - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Cooking - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Cooking - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Cooking - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027

Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Application

Exhibit 50: Market opportunity by Application ($ billion)

7 Market Segmentation by Product Type

7.1 Market segments

Exhibit 51: Chart on Product Type - Market share 2022-2027 (%)
Exhibit 52: Data Table on Product Type - Market share 2022-2027 (%)

7.2 Comparison by Product Type

Exhibit 53: Chart on Comparison by Product Type
Exhibit 54: Data Table on Comparison by Product Type

7.3 Liquid biofuel - Market size and forecast 2022-2027

Exhibit 55: Chart on Liquid biofuel - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Liquid biofuel - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Liquid biofuel - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Liquid biofuel - Year-over-year growth 2022-2027 (%)

7.4 Solid biomass - Market size and forecast 2022-2027

Exhibit 59: Chart on Solid biomass - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Solid biomass - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Solid biomass - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Solid biomass - Year-over-year growth 2022-2027 (%)

7.5 Biogas - Market size and forecast 2022-2027

Exhibit 63: Chart on Biogas - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Biogas - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Biogas - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Biogas - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Product Type

Exhibit 67: Market opportunity by Product Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027

Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027

Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 France - Market size and forecast 2022-2027

Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027

Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 114: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 116: Overview on factors of disruption

11.4 Industry risks

Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 118: Vendors covered

12.2 Market positioning of vendors

Exhibit 119: Matrix on vendor position and classification

12.3 A2A Spa

Exhibit 120: A2A Spa - Overview
Exhibit 121: A2A Spa - Product / Service
Exhibit 122: A2A Spa - Key offerings

12.4 Archer Daniels Midland Co.

Exhibit 123: Archer Daniels Midland Co. - Overview
Exhibit 124: Archer Daniels Midland Co. - Business segments
Exhibit 125: Archer Daniels Midland Co. - Key offerings
Exhibit 126: Archer Daniels Midland Co. - Segment focus

12.5 Babcock and Wilcox Enterprises Inc.

Exhibit 127: Babcock and Wilcox Enterprises Inc. - Overview
Exhibit 128: Babcock and Wilcox Enterprises Inc. - Business segments
Exhibit 129: Babcock and Wilcox Enterprises Inc. - Key news
Exhibit 130: Babcock and Wilcox Enterprises Inc. - Key offerings
Exhibit 131: Babcock and Wilcox Enterprises Inc. - Segment focus

12.6 BP Plc

Exhibit 132: BP Plc - Overview
Exhibit 133: BP Plc - Business segments
Exhibit 134: BP Plc - Key offerings
Exhibit 135: BP Plc - Segment focus

12.7 Cargill Inc.

Exhibit 136: Cargill Inc. - Overview
Exhibit 137: Cargill Inc. - Product / Service
Exhibit 138: Cargill Inc. - Key news
Exhibit 139: Cargill Inc. - Key offerings

12.8 ENERKEM Inc.

Exhibit 140: ENERKEM Inc. - Overview
Exhibit 141: ENERKEM Inc. - Product / Service
Exhibit 142: ENERKEM Inc. - Key offerings

12.9 Fortum Oyj

Exhibit 143: Fortum Oyj - Overview
Exhibit 144: Fortum Oyj - Business segments
Exhibit 145: Fortum Oyj - Key offerings
Exhibit 146: Fortum Oyj - Segment focus

12.10 Fulcrum BioEnergy Inc.

Exhibit 147: Fulcrum BioEnergy Inc. - Overview
Exhibit 148: Fulcrum BioEnergy Inc. - Product / Service
Exhibit 149: Fulcrum BioEnergy Inc. - Key offerings

12.11 Hitachi Zosen Corp.

Exhibit 150: Hitachi Zosen Corp. - Overview
Exhibit 151: Hitachi Zosen Corp. - Business segments
Exhibit 152: Hitachi Zosen Corp. - Key offerings
Exhibit 153: Hitachi Zosen Corp. - Segment focus

12.12 Louis Dreyfus Co. BV

Exhibit 154: Louis Dreyfus Co. BV - Overview
Exhibit 155: Louis Dreyfus Co. BV - Business segments
Exhibit 156: Louis Dreyfus Co. BV - Key offerings
Exhibit 157: Louis Dreyfus Co. BV - Segment focus

12.13 MVV Energie AG

Exhibit 158: MVV Energie AG - Overview
Exhibit 159: MVV Energie AG - Business segments
Exhibit 160: MVV Energie AG - Key news
Exhibit 161: MVV Energie AG - Key offerings
Exhibit 162: MVV Energie AG - Segment focus

12.14 Orsted AS

Exhibit 163: Orsted AS - Overview
Exhibit 164: Orsted AS - Business segments
Exhibit 165: Orsted AS - Key news
Exhibit 166: Orsted AS - Key offerings
Exhibit 167: Orsted AS - Segment focus

12.15 POET LLC

Exhibit 168: POET LLC - Overview
Exhibit 169: POET LLC - Product / Service
Exhibit 170: POET LLC - Key news
Exhibit 171: POET LLC - Key offerings

12.16 Schaumann BioEnergy Consult GmbH

Exhibit 172: Schaumann BioEnergy Consult GmbH - Overview
Exhibit 173: Schaumann BioEnergy Consult GmbH - Product / Service
Exhibit 174: Schaumann BioEnergy Consult GmbH - Key offerings

12.17 Shell plc

Exhibit 175: Shell plc - Overview
Exhibit 176: Shell plc - Business segments
Exhibit 177: Shell plc - Key news
Exhibit 178: Shell plc - Key offerings
Exhibit 179: Shell plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 182: Currency conversion rates for US$

13.4 Research methodology

Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources

13.5 List of abbreviations

Exhibit 186: List of abbreviations

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