Ethanol has by far the highest production market value of any biofuel worldwide. In 2023, ethanol production had a market value of nearly 80 billion U.S. dollars. This compared to a little over 25 billion U.S. dollars for biodiesel.
More information on the biofuels production market can be found .
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Extrapolate. (April 30, 2024). Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. "Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars)." Chart. April 30, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. (2024). Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. "Market Value of Biofuels Production Worldwide from 2021 to 2023, with a Forecast until 2030, by Fuel Type (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Apr 2024, /statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate, Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1465037/global-biofuels-market-size-by-fuel-type/ (last visited July 27, 2026)
Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) [Graph], Extrapolate, April 30, 2024. [Online]. Available: /statistics/1465037/global-biofuels-market-size-by-fuel-type/
