Hydrotreated Vegetable Oil Market Size, Share & Trends Analysis Report By Application (Renewable Diesel And Sustainable Aviation Fuel (SAF)), End-User (Transportation, Agricultural Machinery, Industrial), Feedstock, Technology, Region And Segment Forecasts, 2025-2034

Report Id: 2104 Pages: 180 Last Updated: 10 June 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Hydrotreated Vegetable Oil Market-

By Application-

  • Renewable Diesel
  • Sustainable Aviation Fuel (SAF)

Hydrotreated Vegetable Oil Market Seg

By End-User-

  • Transportation
  • Agricultural Machinery
  • Industrial
  • Others (Residential Buildings, Commercial Buildings, and Data Centers)
  • Transportation
    • Automotive
      • Passenger Cars
      • Heavy Trucks and Heavy Buses
    • Maritime
    • Aviation
  • Agricultural Machinery
  • Industrial
    • Mining
    • Construction
    • Others (Manufacturing and Oil and Gas)
  • Others (Residential Buildings, Commercial Buildings, and Data Centers)

By Feedstock Type-

  • Edible Vegetable Oils
  • Crude Palm Oil
  • Used Cooking Oil
  • Tall Oil
  • Animal Fats
  • Others (Non-Edible Vegetable Oil, Sludge Palm Oil Mill Effluent, and Refining Byproducts)

By Technology Type-

  • Standalone Hydrotreating Technology
  • Co-Processing Technology

By Region-

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Hydrotreated Vegetable Oil Market Snapshot

Chapter 4. Global Hydrotreated Vegetable Oil Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Feedstock Type Estimates & Trend Analysis

5.1. By Feedstock Type, & Market Share, 2024 & 2034

5.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Feedstock Type:

5.2.1. Edible Vegetable Oils

5.2.2. Crude Palm Oil

5.2.3. Used Cooking Oil

5.2.4. Tall Oil

5.2.5. Animal Fats

5.2.6. Others

Chapter 6. Market Segmentation 2: By Technology Type Estimates & Trend Analysis

6.1. By Technology Type & Market Share, 2024 & 2034

6.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Technology Type:

6.2.1. Standalone Hydrotreating Technology

6.2.2. Co-Processing Technology

Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis

7.1. By Application & Market Share, 2024 & 2034

7.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:

7.2.1. Renewable Diesel

7.2.2. Sustainable Aviation Fuel (SAF)

Chapter 8. Market Segmentation 4: By End-User Estimates & Trend Analysis

8.1. By End-User & Market Share, 2024 & 2034

8.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-User:

8.2.1. Transportation

8.2.2. Agricultural Machinery

8.2.3. Industrial

8.2.4. Others

Chapter 9. Hydrotreated Vegetable Oil Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Feedstock Type, 2021-2034

9.1.2. North America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Technology Type, 2021-2034

9.1.3. North America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Application, 2021-2034

9.1.4. North America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) estimates and forecasts By End-User, 2021-2034

9.1.5. North America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) estimates and forecasts by country, 2021-2034

9.2. Europe

9.2.1. Europe Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Feedstock Type, 2021-2034

9.2.2. Europe Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Technology Type, 2021-2034

9.2.3. Europe Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Application, 2021-2034

9.2.4. Europe Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By End-User, 2021-2034

9.2.5. Europe Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) by country, 2021-2034

9.3. Asia Pacific

9.3.1. Asia Pacific Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Feedstock Type, 2021-2034

9.3.2. Asia Pacific Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Technology Type, 2021-2034

9.3.3. Asia Pacific Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Application, 2021-2034

9.3.4. Asia Pacific Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By End-User, 2021-2034

9.3.5. Asia Pacific Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) by country, 2021-2034

9.4. Latin America

9.4.1. Latin America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Feedstock Type, 2021-2034

9.4.2. Latin America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Technology Type, 2021-2034

9.4.3. Latin America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Application, 2021-2034

9.4.4. Latin America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By End-User, 2021-2034

9.4.5. Latin America Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) by country, 2021-2034

9.5. Middle East & Africa

9.5.1. Middle East & Africa Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Feedstock Type, 2021-2034

9.5.2. Middle East & Africa Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Technology Type, 2021-2034

9.5.3. Middle East & Africa Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By Application, 2021-2034

9.5.4. Middle East & Africa Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) By End-User, 2021-2034

9.5.5. Middle East & Africa Hydrotreated Vegetable Oil Market revenue (US$ Million) & Volume (KT) by country, 2021-2034

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Eni S.p.A.

10.2.2. St1 Oy

10.2.3. Neste

10.2.4. Valero Energy Corporation

10.2.5. PT Pertamina

10.2.6. Repsol

10.2.7. TotalEnergies

10.2.8. UPM

10.2.9. Phillips 66

10.2.10. Chevron Renewable Energy Group, Inc.

10.2.11. Green Biofuels Limited

10.2.12. Petrobras

10.2.13. ECB Group

10.2.14. Preem AB

10.2.15. Colabit Sweden AB

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Hydrotreated Vegetable Oil Market Size is valued at USD 28.87 billion in 2024 and is predicted to reach USD 195.83 billion by the year 2034

Hydrotreated Vegetable Oil Market is expected to grow at a 21.2% CAGR during the forecast period for 2025-2034.

Chevron Renewable Energy Group, Inc., Green Biofuels Limited, Petrobras, ECB Group, Preem AB, and Colabit Sweden AB.

Application, End-User, Feedstock And Technology are the key segments of the Hydrotreated Vegetable Oil Market

North American region is leading the Hydrotreated Vegetable Oil Market.

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