North America Biofuel Market Size, Share, and COVID-19 Impact Analysis, By Fuel Type (Biodiesel, Ethanol, and Others), By Application (Transportation, Aviation, and Others), and North America Biofuel Market Insights, Industry Trend, Forecasts to 2035

North America Biofuel Market Insights Forecasts to 2035

• The North America Biofuel Market Size Was Estimated at USD 51.4 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 12.7% from 2025 to 2035
• The North America Biofuel Market Size is Expected to Reach USD 191.4 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, the North America Biofuel Market Size is Anticipated to Reach USD 191.4 Billion by 2035, Growing at a CAGR of 12.7% from 2025 to 2035. Increased investment in renewable infrastructure, favorable government regulations, technological developments in feedstock conversion, expanding demand for low-carbon energy, and a greater focus on energy independence and climate goals are some of the opportunities in the North America biofuel market.   

Market Overview

The regional industry devoted to the development, distribution, and use of renewable fuels made from biological sources such corn, soybeans, wood waste, algae, and other organic materials is known as the North America biofuel market. This market includes advanced biofuels, ethanol, and biodiesel, which are mostly utilized in energy production, transportation, and aviation. The market encourages lower greenhouse gas emissions and improved energy security, driven by regulations, tax breaks, and sustainability objectives. The market for biofuel in North America is expanding quickly due to government policies that prioritize sustainability, local production, renewable mandates, and technological advancements. The strong demand for cleaner fuel and tightening government rules to desulfurize petroleum products are driving the North America biofuel market. Biofuels are fuels made from algae, plants, or animal waste. The North America biofuel market is anticipated to increase due to a number of factors, including the limited supply of resources derived from fossil fuels and growing awareness of the need to reduce carbon emissions.   

Report Coverage

This research report categorizes the market for North America biofuel market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America biofuel market. Recent market developments and competitive strategies, such as expansion, product launch, 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 analyzes their core competencies in each sub-segment of the North America biofuel market. 

Driving Factors

The North America biofuel market is mostly being driven by the rising demand for greener fuels. One of the main drivers of the biofuels sector is the growing use of biofuels like ethanol, biodiesel, and others as transportation fuel. The growing usage of renewable energy sources in response to lowering greenhouse gas emissions is driving the market's notable expansion. Growing environmental concerns to reduce carbon emissions and transition to cleaner and renewable fuels to achieve sustainable development are major reasons propelling the North America biofuel market.  

Restraining Factors

Growth is hampered by a lack of feedstock, competition from food crops, high production costs, and environmental issues, including deforestation. The broad use and long-term scalability of biofuels are further restricted by inconsistent regulations and inadequate infrastructure.

Market Segmentation

The North America biofuel market share is classified into fuel type and application.   

• The biodiesel segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

The North America biofuel market is segmented by fuel type into biodiesel, ethanol, and others. Among these, the biodiesel segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Technological developments are propelling improvements in the manufacture of biodiesel, making it more cost-effective and efficient for commercial use. This promotes the use of waste fats, recycled cooking oil, and soybean oil for transportation.  

• The transportation segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The North America biofuel market is segmented by application into transportation, aviation, and others. Among these, the transportation segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing demand for sustainable fuel substitutes, encouraging government regulations, and the extensive use of biofuels like ethanol and biodiesel in road transportation are the main factors propelling the expansion of the transportation segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America biofuel 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

• ADM
• Rentech
• Gevo, Inc.
• CLARIANT
• POET, LLC
• Clean Energy
• VERBIO AG
• TotalEnergies
• My Eco Energy
• Green Plains Inc.
• Andersons, Inc.,
• Chevron Corporation
• FutureFuel Corporation
• Renewable Energy Group
• Others

Key Target Audience 

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

Recent Development

• In July 2025, American GreenFuels®, LLC and Kolmar Americas, Inc. Increase Connecticut's Capacity for Biodiesel Production At the American GreenFuels biodiesel manufacturing facility in New Haven, Connecticut, Kolmar Americas, Inc. and American GreenFuels®, LLC announced the successful completion of a major turnaround and expansion project. Due to this investment, American GreenFuels can now produce over 60 million gallons annually.
• In April 2025, Green Plains Inc. announced that Eco-Energy LLC, a pioneer in the marketing and logistics of biofuels, had been chosen to be its sole ethanol marketer. With this new contract, Eco-Energy will take over all ethanol marketing and logistics for Green Plains' platform, offering comprehensive support to maximize value, increase market accessibility, and boost supply chain effectiveness.  

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America biofuel market based on the below-mentioned segments:

North America Biofuel Market, By Fuel Type  

• Biodiesel
• Ethanol
• Others

North America Biofuel Market, By Application

• Transportation
• Aviation
• Others