According to Technavio’s research, the global biodiesel market is poised for significant growth from 2024 to 2028, with an estimated growth of billions of dollars. The market is projected to expand at a CAGR of 7.38% during the forecast period. The surging demand for renewable energy sources, government policies, and increasing environmental awareness drive the market’s growth. Biodiesel, a renewable fuel derived from vegetable oils, animal fats, and recycled cooking oil, offers eco-friendly attributes and improved engine efficiency, contributing to its widespread adoption in various industries, including transportation, agriculture, and power generation.