Bioethanol Global Market Report 2024

The bioethanol market size has grown rapidly in recent years. It will grow from $41.55 billion in 2023 to $46.5 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period is due to increased demand for clean energy sources, rising fuel costs, growing demand from the automotive and transportation sectors, and expansion in emerging markets.

The bioethanol market size is expected to see rapid growth in the next few years. It will grow to $72.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. Forecasted growth in bioethanol is driven by government support, urbanization, alternative power adoption, ethanol blending regulations, R&D emphasis, and global emission reduction efforts. Key trends include second-gen bioethanol, AI integration, expansions, collaborations, tech advancements, and new products.

The surge in environmental concerns is anticipated to propel the growth of the bioethanol market in the foreseeable future. Environmental concerns encompass apprehensions regarding the quality of air, water, and soil in the natural environment. The utilization of bioethanol has demonstrated positive environmental impacts by reducing exhaust gas emissions, thereby enhancing the efficiency of transportation facilities and bolstering energy security. As an illustrative example, the International Energy Agency (IEA), an autonomous intergovernmental organization based in Paris, projects a 50% increase in CO2 emissions in India by 2040. Consequently, the escalating environmental concerns are poised to be a driving force for the growth of the bioethanol market.

Government support is expected to play a pivotal role in steering the growth of the bioethanol market. Governments worldwide are actively endorsing the biofuel sector to foster innovative solutions that cater to the evolving needs of the industry. In a noteworthy development, the U.S. Department of Energy (DOE) allocated $118 million in funding for 17 projects in January 2023. These initiatives, situated at universities and private companies, aim to accelerate the production of sustainable biofuels to meet the transportation and manufacturing requirements in the United States. The chosen projects will advance biorefinery development, from pre-pilot to demonstration stages, facilitating the creation of biofuels and bioproducts that contribute to a significant reduction in greenhouse gas (GHG) emissions associated with fossil fuels. This government support aligns with the DOE's goal of achieving cost-competitive biofuels and a minimum 70% reduction in GHG emissions by 2030. Consequently, the increasing support from governments for biofuels is anticipated to be a driving factor for the bioethanol market in the future.

Major players in the bioethanol market are actively directing their focus toward new technologies and the development of technologically advanced products to foster growth in the market. An illustrative instance occurred in July 2021 when MicroBioGen, an Australian biotech company, showcased the production of both high-protein food and low-carbon bioethanol from non-food materials using a singular biological agent. This technological advancement involved the enhancement of a genetically modified version of the common yeast, Saccharomyces cerevisiae. Developed in Australia through collaboration with global partner Novozymes, MicroBioGen's technology presents a solution to the challenge of producing low-carbon fuels while concurrently increasing food production.

The prevailing trends of strategic partnerships and collaborations are gaining prominence in the bioethanol market. Companies within the bioethanol sector are actively engaging in partnerships and collaborations to fortify their market position. An exemplar of this trend occurred in October 2021 when Archer-Daniels-Midland, a U.S.-based agribusiness, entered into a collaboration with Gevo, a U.S.-based bioethanol company. This strategic collaboration empowered ADM to leverage Gevo's technology, enabling a 50% expansion of its production capacity and supporting the generation of over 500 million gallons of sustainable aeronautic energy (SAF) annually. Such collaborative initiatives are poised to play a pivotal role in enhancing the market presence of companies operating in the bioethanol sector.

In June 2021, POET, a US biofuel company, completed the acquisition of Flint Hills Resources' bioethanol assets for an undisclosed sum. This strategic move aims to enhance POET's biofuel and bioproduct offerings, bolstering its production capacity by 40% and ensuring increased supply of high-quality plant-based products for its customer base.

Major companies operating in the bioethanol market report are CropEnergies AG, Valero, Green Plains, Archer-Daniels-Midland Company, Tereos SCA, Raízen, Cristalco, Abengoa Bioenergy, POET, Alto Ingredients, Bajaj Hindusthan Sugar Ltd., Balrampur Chini Mills Ltd., Dalmia Bharat Sugar and Industries Ltd., Shree Renuka Sugars Ltd., Chengzhi shareholding Co.Ltd., SDIC Jilin Alcohol, Henan Tianguan, Triveni Engineering and Sugar Industries, Bio-Concept Altmark GmbH, Brenntag SE, Caldic Deutschland Chemie B.V, ESM GmbH, IKO Import Klaus Otte GmbH, Benedomi GmbH, S3 Chemicals, Kamin-Kachelofen Kruse, IMA POLSKA SPÓ?KA AKCYJNA, Sovetskiycellulozno-bumajniyzavod, ???, KRAKCHEMIA SA, Alcoholera de Zapopan, LyondellBasell Industries, Absolute Energy LLC, Ace Ethanol LLC, Adkins Energy LLC, Al-Corn Clean Fuel LLC, Alto Ingredients Magic Valley Inc., Amber Wave, Alto Ingredients Columbia Inc., Biogas world, Biogas Avellaneda, Borregaard, Alcotra, Cremer OLEO, Praj Industries, W.R.Grace, Lootah Biofuels, Nuberg, Dubizzle, OMV, BBGI Bioethanol Public Company Limited, EcoSmart Fire, Neutral Fuels, Koko Networks, SMEFUNDS - GEB, Green Energy Biofuels, Kiri Dyes and Chemicals Limited, Biogen Kenya.

North America was the largest region in the bioethanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioethanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bioethanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of bioethanol include corn-based, sugarcane-based, and cellulosic ethanol. Corn ethanol, derived from corn biomass, is the most prevalent type. It is available in various blends such as E10, E20, E25, E70, E75, E85, and others, using production methods such as dry milling and wet milling. Bioethanol finds applications in automotive and transportation, food and beverage, pharmaceuticals, cosmetics, and other industries.

The bioethanol market research report is one of a series of new reports that provides bioethanol market statistics, including bioethanol industry global market size, regional shares, competitors with a bioethanol market share, detailed bioethanol market segments, market trends and opportunities, and any further data you may need to thrive in the bioethanol industry. This bioethanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bioethanol market consists of sales of starch-based ethanol and algal biomass-based ethanol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.