Biodiesel Procurement Intelligence

The biodiesel category is anticipated to grow at a CAGR of 10% from 2023 to 2030. 

In 2022, the category size was estimated to be valued at USD 35.30 billion with North America leading the market share due to their rule that requires diesel fuel to contain 15% biodiesel by volume. The need for a more effective, long-term solution for decreasing greenhouse gas emissions and addressing climate change issues is the primary driver of its growth. Government support and policies to promote the use of the category play a significant role in the market. For instance, in August 2022, the U.S. approved the Inflation Reduction Act which includes incentives for biodiesel and advanced fuels production.

Order your copy of the Biodiesel category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Biodiesel Procurement Intelligence Report Scope

The Biodiesel category is expected to have pricing growth outlook of 4.2 - 5.7% from 2023 to 2030, with below pricing models. 

• Feedstock pricing
• Production and processing pricing
• Certification and quality standards pricing
• Competition based pricing

Supplier Selection Scope of Report

• Cost and pricing
• Past engagements
• Productivity
• Geographical presence

Supplier selection criteria of Report

• Quality standards
• feedstock sourcing
• production capacity
• pricing, supply chain transparency
• technical specifications
• operational capabilities
• regulatory standards and mandates
• category innovations
• others.

Biodiesel Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Market Intelligence along with emerging technology and regulatory landscape
• Market estimates and forecasts from 2022 to 2030
• Growth opportunities, trends, and driver analysis
• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
• Porter’s 5 forces
• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
• Engagement and operating models, KPI, and SLA elements
• LCC/BCC analysis and negotiation strategies
• Peer benchmarking and product analysis
• Market report in PDF, Excel, and PPT and online dashboard versions 

Biodiesel Procurement Cost and Supplier Intelligence

The biodiesel category is a niche market within the larger renewable energy and alternative fuel sectors. It varies in size and characteristics depending on regional and national targets. In countries such as Brazil, effective programs are underway to promote Jatropha and Castor production for biodiesel production. Asia Pacific is the fastest growing market due to the easy availability of raw materials and increasing environmental concern, followed by North America and Europe. The availability of several dealers and suppliers makes the category highly fragmented. Along with key players like ADM and Renewable Energy Group, small-scale players also contribute to the category expansion. This category also faces competition from alternative fuels, such as ethanol and hydrogen for market share and consumer attention. Suppliers entering the market need to develop a comprehensive understanding of the industry, regulatory landscape, customer needs, and market dynamics to navigate effectively.

The cost of the category is volatile as it is influenced by factors such as feedstock costs, production volumes, supply, and demand. Additional costs include labor, equipment (tanks, pumps, and distillation units), quality assurance, transportation, and operational costs. Political tension between Russia and Ukraine has increased crude oil prices which have resulted in price increases in Europe up to USD 1.76 per liter. Fluctuation in palm oil prices due to weather or natural calamity has impacted the supply in the Asia-Pacific region. Higher prices of soybean and corn due to poor harvest and animal diseases have led to further price hikes in North America to USD 5.51 per gallon.

List of Key Suppliers

• Renewable Energy Group
• ADM
• Ag Environmental Products
• Louis Dreyfus Company
• RBF Port Neches
• Cargill
• Glencore
• Neste Oil
• Wilmar International
• Envien Group

Add-on Services provided by Grand View Research Pipeline:

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

Browse through Grand View Research’s collection of procurement intelligence studies:

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Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions