The Latin America biodiesel market size reached USD 8,272.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 13,544.0 Million by 2033, exhibiting a growth rate (CAGR) of 5.35% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 8,272.0 Million |
Market Forecast in 2033
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USD 13,544.0 Million |
Market Growth Rate 2025-2033 | 5.35% |
Biodiesel is a non-toxic, cost-effective and carbon-neutral fuel produced via the transesterification of recycled cooking oils and animal fats. It is environment-friendly and a renewable source of energy as compared to fossil fuels. It can be mixed with petroleum diesel fuel and utilized in existing diesel vehicles without engine modification. It finds extensive applications in the automotive, marine, railway, agriculture and mining industries in Latin America.
Due to rising environmental concerns and the growing focus on energy conservation, governments of several countries in Latin America are supporting the utilization of biodiesel. This, in confluence with the increasing awareness about the benefits of biodiesel, represents one of the major factors bolstering the market growth in the region. Apart from this, the thriving automotive industry is acting as another factor impelling the market growth. Moreover, the escalating energy demand is expanding the applications of biodiesel in power generation and residential and commercial heating. Furthermore, the emergence of third-generation biofuels made using algae is anticipated to create a positive influence on the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America biodiesel market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on feedstock, application, type and production technology.
Breakup by Feedstock:
Breakup by Application:
Breakup by Type:
Breakup by Production Technology:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Feedstock, Application, Type, Production Technology, Country |
Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: