Global Hydrotreated Vegetable Oil (HVO) Market Research Report: Forecast (2024-2030)

Hydrotreated Vegetable Oil Market Report- By Type (Pure HVO-Market, Co-processed HVO-Market), By Feedstock (Rapeseed-Market, Sunflower-Market, Soybean-Market, Palm-Market, Others [......Jatropha, Coconut Oil, etc.]), By Application (Transportation [Road Transport, Aviation, Others {Agricultural, Railways, etc.}], Power Generation), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Neste Oyj, Valero Energy Ltd, Eni, Cepsa, TotalEnergies, Preem, Repsol, Green Biofuels Limited, Shell, Watson Fuels, Crown Oil Ltd, Interion Pte Ltd, Targray, Prema Energy Ltd, Others) Read more

  • Food & Beverages
  • Dec 2023
  • 212
  • PDF, Excel, PPT

Market Insights & Analysis: Global Hydrotreated Vegetable Oil Market (2024-30):

The Global Hydrotreated Vegetable Oil Market is estimated to grow at a CAGR of around 12.4% during the forecast period, i.e., 2024-30. The global shift toward reducing carbon footprints and embracing renewable energy sources is a pivotal factor set to propel the demand for hydrotreated vegetable oil (HVO) in the forthcoming years. Positioned as an eco-friendly alternative to fossil diesel, HVO offers distinct advantages, notably lower greenhouse gas emissions, aligning with diverse industries' sustainability targets encompassing transportation, power generation, and heat production. Government-led initiatives worldwide, including mandates for biofuel blending, ambitious carbon reduction goals, and financial incentives, present a conducive environment for the uptake of HVO oil, spurring the global hydrotreated vegetable oil market.

Moreover, heightened awareness among consumers regarding the environmental impact of traditional fuels has prompted both individual vehicle owners and commercial fleet operators to actively seek cleaner and more sustainable fuel alternatives. This growing demand is fueling market expansion and providing opportunities for HVO fuel providers. Besides, governments around the world have recognized the importance of transitioning from fossil fuels to renewable energy sources in order to combat climate change and enhance energy security. Accordingly, incentives and mandates are often provided to encourage the production, distribution, and use of renewable fuels such as HVO.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR(2024-30) 12.4%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Neste Oyj, Valero Energy Ltd, Eni, Cepsa, TotalEnergies, Preem, Repsol, Green Biofuels Limited, Shell, Watson Fuels, Crown Oil Ltd, Interion Pte Ltd, Targray, Prema Energy Ltd, Others.
Unit Denominations USD Million/Billion

Countries such as the US, the UAE, the UK, etc., have been largely focusing on the adoption of low-carbon fuels in recent years. These initiatives have been in line with the reduction of greenhouse gas emissions across the industrial sectors. Hence, to improve the adoption of low-carbon fuels like hydrotreated vegetable oils, the government has introduced initiatives to reduce the challenges in the supply chain of Hydrotreated vegetable oils across their respective countries. For instance, in 2022, the US Secretary of State for International Trade announced its decision to lift anti-dumping duties and countervailing measures on Hydrotreated Vegetable Oil (HVO) imported from the US into the UK.

Moreover, governments of the European Union, the US, China, Denmark, etc., are increasingly mandating the blending of biofuels to promote the use of biofuels as renewable fuel, reduce greenhouse gas emissions, and achieve climate neutrality. As nations worldwide prioritize sustainable energy solutions, the demand for biofuels, including hydrotreated vegetable oil, is on the rise.

Additionally, with the global automotive market expanding, hydrotreated vegetable oil (HVO) has gained accelerated adoption over conventional fuels due to its cost-effective maintenance, reduced degradation risks, and seamless blending capabilities with regular diesel in any quantity. As a result, the automotive sector is anticipated to increasingly favor HVO in the coming years.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Biodiesel Overview
    1. Current Scenario
    2. Global Biodiesel Production & Consumption (Thousand Tons), 2020-2030F
    3. Major Biodiesel Producing Countries
    4. Major Feedstock Used
    5. Linkage Between Biodiesel & Hydrotreated Vegetable Oil (HVO)
    6. Others
  5. Comparative Analysis of Biodiesel & HVO
    1. Feedstock
    2. Environmental Impact
    3. Regulatory Landscape
    4. Efficiency
    5. Others
  6. Global Existing & Upcoming Hydrotreated Vegetable Oil (HVO) Production Plants (2019-2023)
    1. By Company
    2. By Location
    3. By Capacity (Thousand Tons)
  7.  Global Hydrotreated Vegetable Oil Market Pricing Analysis
  8. Global Hydrotreated Vegetable Oil Market Trends & Development
  9. Global Hydrotreated Vegetable Oil Market Dynamics
    1. Drivers
    2. Challenges
  10. Global Hydrotreated Vegetable Oil Market Hotspots & Opportunities
  11. Global Hydrotreated Vegetable Oil Market Regulations & Policies
  12. Global Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Size & Analysis
      1. By Type
        1. Pure HVO-Market Size & Forecast 2019-2030, Thousand Tons
        2. Co-processed HVO-Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock
        1. Rapeseed-Market Size & Forecast 2019-2030, Thousand Tons
        2. Sunflower-Market Size & Forecast 2019-2030, Thousand Tons
        3. Soybean-Market Size & Forecast 2019-2030, Thousand Tons
        4. Palm-Market Size & Forecast 2019-2030, Thousand Tons
        5. Others (Jatropha, Coconut Oil, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application
        1. Transportation- Market Size & Forecast 2019-2030, Thousand Tons
          1. Road Transport
          2. Aviation
          3. Others (Agricultural, Railways, etc.)
        2. Power Generation - Market Size & Forecast 2019-2030, Thousand Tons
      4.  By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Revenue Share
  13. North America Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Country
        1. The US
        2. Canada
      5. Mexico Readiness for Adoption of HVO, 2023
    3. The US Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    4. Canada Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  14. South America Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  15. Europe Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    4. The UK Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    5. France Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    6. Italy Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    7. Spain Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  16. The Middle East & Africa Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Country
        1. The UAE
        2. Rest of the Middle East & Africa
      5. Country-wise Readiness for Adoption of HVO, 2023
        1. Saudi Arabia
        2. South Africa
    3. The UAE Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  17. Asia-Pacific Hydrotreated Vegetable Oil Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
      2. By Feedstock- Market Size & Forecast 2019-2030, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030, Thousand Tons
      4. By Country
        1. Australia
        2. Rest of Asia-Pacific
      5. Country-wise Readiness for Adoption of HVO, 2023
        1. China
        2. Japan
        3. India
        4. South Korea
    3. Australia Hydrotreated Vegetable Oil Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Quantity Sold (Thousand Tons)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030, Thousand Tons
        2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  18. Global Hydrotreated Vegetable Oil Market Key Strategic Imperatives for Growth & Success
  19. Competition Outlook
    1. Company Profiles
      1. Neste Oyj
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Valero Energy Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Eni
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Cepsa
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. TotalEnergies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Preem
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Repsol
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Green Biofuels Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Shell
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Watson Fuels
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Crown Oil Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Interion Pte Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Targray
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Prema Energy Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Others
  20. Disclaimer


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