As per the findings of the report titled ‘Global Renewable Diesel Market - Analysis By Feedstock, By End User, By Region, By Country: Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global renewable diesel market was valued USD 19.15 billion in 2019 and is expected to register an appreciable growth rate through 2025.
 

Industry experts cite that global renewable diesel market has been recording robust growth over the last few years, chiefly due to rising demand for clean energy, and government initiatives & policies to promote renewable sustainable fuel sources. Moreover, escalating demand of biofuel, and abundance of feedstock for its production will enhance the revenue flow of businesses in the coming years.
 

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For the record, renewable diesel has the same chemical composition and characteristics of diesel, hence, can be utilized in the existing infrastructure. Moreover, it one of the most viable means to bring down carbon emissions as compared to other fuel sources.
 

Based on feedstock, global renewable diesel market is fragmented into animal fat, vegetable oil, and others.                 Among these, vegetable oil segment accounts for significant portion of the industry share and will likely record strong growth in the coming years as well.
 

Considering the end-user spectrum, the market is segmented into industrial, transportation, and others. Of these, transportation segment is slated to grow considerably in the upcoming years as it is the largest consumers of diesel across the globe.
 

From a geographical viewpoint, global renewable diesel market size spans across America (United States, Canada, Mexico, Brazil), Europe (United Kingdom, Germany, France), and Asia Pacific (Japan, China, India). Among these, America is expected to lead the industry growth during the forecast period, creditable to rising R&D expenditure, and increasing government policies to encourage adoption of renewable diesel.
 

Total SE, Royal Dutch Shell plc, Exxon Mobil Corp., Valero Energy Corp., Phillips 66 Company, Darling Ingredients, Inc., Gevo, Inc., Marathon Petroleum Corp., Renewable Energy Group, and Neste Oyj are the top contenders in global renewable diesel market sphere.