Global Biorefinery Market Size, Share, and COVID-19 Impact Analysis, By Feedstock (Starch & Sugar Crops, Energy Crops, Organic & Agricultural Residues, Multifeedstock, and Others), By Process (Biochemical Processes, Chemical Processes, Mechanical/Physical Processes, Thermochemical Processes, and Multiprocess), By Product (Energy, Chemicals, Materials, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Energy & Power


Global Biorefinery Market Insights Forecasts to 2033

  • The Global Biorefinery Market Size was Valued at USD 136.22 Billion in 2023
  • The Market Size is Growing at a CAGR of 8.91% from 2023 to 2033
  • The Worldwide Biorefinery Market Size is Expected to Reach USD 319.95 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period.


Global Biorefinery Market

Get more details on this report -

Request Free Sample PDF

The Global Biorefinery Market Size is Anticipated to Exceed USD 319.95 Billion by 2033, Growing at a CAGR of 8.91% from 2023 to 2033.


Market Overview  

Biorefinery is a kind of refinery that transforms biomass into energy and other helpful byproducts. Biorefinery produces derivatives such as oils, energy, chemicals, resources, food, and animal forage from biomass. Growing worries over energy security are driving the worldwide biorefinery industry. The main outputs of biorefineries are biofuels and biochemicals. Biofuels are fuels made from biomass, either gaseous or liquid, that are meant to take the place of conventional fossil fuels. In contrast, biochemicals are compounds made from biomass that are employed in a variety of industries, such as the plastics, pharmaceutical, and cosmetics sectors. Investments in the infrastructure needed to set up biorefineries have grown due to the growing demand for renewable energy sources. The development of effective green energy production technologies is becoming more and more important as the world becomes increasingly reliant on greener fuels. Biorefineries are widely used in the manufacturing of chemicals. Plant wall cellulose and lignin have the potential to be valuable chemicals and renewable, clean biofuel energy sources. Capturing this electricity, though, requires breaking down the complex three-dimensional structure of lignocellulosic biomass. To get beyond the obstacles in the way of the deconstruction of lignocellulosic biomass, the biomass is often pre-treated before catalytic processing.


Report Coverage

This research report categorizes the market for the global biorefinery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global biorefinery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global biorefinery market.


Global Biorefinery Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 136.22 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 : 8.91%
2033 Value Projection:USD 319.95 Billion
Historical Data for:2019-2022
No. of Pages:196
Tables, Charts & Figures:120
Segments covered:By Feedstock, By Process, By Product and By Region
Companies covered:: Valero, Renewable Energy Group, Neste, TotalEnergies, Vivergo Fuel, Borregard AS, Wilmar International Ltd., Godavari Biorefineries Ltd., Sekab, Cargill Incorporated, Clariant, Abengoa, Green Plains, Honeywell International Inc., and other key vendors
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

Get more details on this report -

Request Free Sample PDF

Driving Factors

Social experts evaluate a group's quality of life by examining factors like income, life expectancy, access to healthcare, and poverty rate. Moreover, the ability of consumers to contribute to a sustainable future also includes their energy usage. There are multiple methods used for energy generation, and biorefinery is just one of them. Biorefineries are facilities that transform biomass into products with added value, like biofuels, bioenergy/biopower, biochemicals, and other biomaterials. Therefore, enhancing the quality of life will positively impact the biorefinery market both directly and indirectly. Additionally, the increasing population will also contribute to driving sustainable energy usage. Lots of individuals are moving from countryside areas to cities to improve their quality of life. The increasing growth in the energy industry is likely to enhance the market.


Restraining Factors

Entrepreneurs find it challenging to thrive in an environment that lacks supportive infrastructure like incubators, co-working spaces, and research facilities due to the high establishment cost of biorefineries. Entrepreneurs face difficulties in obtaining resources, connecting with others, and working together. Governments and organizations should allocate resources to develop and expand entrepreneurial infrastructure, offer cost-effective office spaces, and set up innovation hubs to support the growth of startups. The expensive nature of setting up a biorefinery could hinder less developed countries or economically disadvantaged regions from embracing biorefinery solutions. Therefore, it is noted that the factor is limiting the market's growth.


Market Segmentation

The global biorefinery market share is classified into feedstock, process, and product.


  • The starch & sugar segment is anticipated to dominate the market during the forecast period.

Based on the feedstock, the global biorefinery market is divided into starch & sugar crops, energy crops, organic & agricultural residues, multifeedstock, and others. Among these, the starch & sugar segment is anticipated to dominate the market during the forecast period. Utilizing sugar crops like sugar cane, sweet sorghum, and sugar beet in biorefineries offers greater benefits in crop reproduction and conversion processes compared to starch crops. Cereal grains (such as rice, corn, and wheat), tubers (like potato and cassava), and roots are the main sources of starch crops for biorefinery. Combining sugar and starch biorefinery production can enhance the economy of the globe.      


  • The biochemical segment is anticipated to dominate the market during the forecast period.

Based on the process, the global biorefinery market is divided into biochemical processes, chemical processes, mechanical/physical processes, thermochemical processes, and multiprocess. Among these, the biochemical segment is anticipated to dominate the market during the forecast period. The reason for the dominance of this sector is due to its effectiveness in utilizing biological processes to convert biomass into bio-based goods, in line with the increasing focus on sustainable and environmentally friendly solutions. Biochemical transformation is predominantly utilized in biorefineries, with fermentation being extensively employed in this process.


  • The energy segment is anticipated to hold the largest share of the market during the forecast period.

Based on the product, the global biorefinery market is divided into energy, chemicals, materials, and others. Among these, the energy segment is anticipated to hold the largest share of the market during the forecast period. When the cost of fossil fuels increases, renewable energy sources become more economically attractive. This element contributes to the expansion of the sector. Many customers are becoming more aware of the environmental effects of their decisions and are looking for sustainable products. Bioenergy products from biorefineries frequently come with a green certification that indicates the product's sustainability. This factor also emphasizes the growth of the segment.


Regional Segment Analysis of the Global Biorefinery Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)



Asia Pacific is anticipated to hold the largest share of the global biorefinery market over the predicted timeframe.


Global Biorefinery Market

Get more details on this report -

Request Free Sample PDF

Asia Pacific is anticipated to hold the largest share of the global biorefinery market over the predicted timeframe. The region’s expansion is mostly due to the growing industrialization, urbanization, and the increasing demand for renewable energy sources in countries like China and India. In the Asia-Pacific region, there is a growing focus on biofuels, bioproducts, and bioplastics to tackle environmental issues and decrease reliance on fossil fuels. With policies promoting the biorefinery industry, Asia-Pacific is set for major growth in the coming years. The region's expansion is credited to the increasing awareness of environmental pollution and the transformation of waste materials into energy sources. The growing population in the region is having a significant impact on the demand for energy sources like natural gas, oil, and coal.


North America is expected to grow at the fastest pace in the global biorefinery market during the forecast period. This is a result of its strong biorefinery infrastructure and government backing for the biofuels sector. The US has a strong biorefinery industry and leads the world in producing biofuels. The growth of the local market is primarily propelled by the Renewable Fuel Standard (RFS) and biofuel mandates at the state level, which encourage the adoption of renewable fuels.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global biorefinery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.


List of Key Companies

  • Valero
  • Renewable Energy Group
  • Neste
  • TotalEnergies
  • Vivergo Fuel
  • Borregard AS
  • Wilmar International Ltd.
  • Godavari Biorefineries Ltd.
  • Sekab
  • Cargill Incorporated
  • Clariant
  • Abengoa
  • Green Plains
  • Honeywell International Inc.
  • Others


Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)


Recent Developments

  • In October 2022, Neste collaborated with EDi Energie-Direkt Hohenlohe GmbH and TOOLFUEL Services GmbH in Germany to distribute Neste MY Renewable Diesel and help decrease greenhouse gas emissions within the transportation industry.


  • In January 2022, Renewable Energy Group and Bunker Holding formed a strategic partnership to boost Biodiesel usage in marine markets in the US and the EU.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global biorefinery market based on the below-mentioned segments: 


Global Biorefinery Market, By Feedstock

  • Starch & Sugar Crops
  • Energy Crops
  • Organic & Agricultural Residues
  • Multifeedstock
  • Others


Global Biorefinery Market, By Process

  • Biochemical Processes
  • Chemical Processes
  • Mechanical/Physical Processes
  • Thermochemical Processes
  • Multiprocess


Global Biorefinery Market, By Product

  • Energy
  • Chemicals
  • Materials
  • Others


Global Biorefinery Market, Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Need help to buy this report?

Inquiry Before Buy
We'll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads?
Learn more and manage your cookies
Yes, Accept Cookies