Hydrotreated Vegetable Oil HVO Market Report 2025 (Global Edition)

Global Hydrotreated Vegetable Oil HVO Market Report 2025 Market Size Split by Feedstock Outlook: (Vegetable Oil (Rapeseed, Sunflower, Soybean, Palm Oil and Others), Non-food Oil (Jatropha, Algae Oil ...

Hydrotreated Vegetable Oil HVO Market Report Description

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Competitive Landscape of the Hydrotreated Vegetable Oil Market

The Hydrotreated Vegetable Oil (HVO) market is highly competitive, with key players leading the charge in production capacity and innovation. These companies focus on strategic partnerships, investments in advanced technologies, and expanding production facilities to meet growing demand. Additionally, governments' renewable energy mandates and the rising interest in sustainable fuels encourage further competition, with both established energy giants and startups vying for market share.

In November 2023, Cepsa began selling renewable diesel, including Hydrotreated Vegetable Oil (HVO), from its new production facilities. This launch marks a significant milestone in Cepsa's strategy to expand its renewable energy offerings, aiming to meet the growing market demand for sustainable fuels and support the transition to cleaner energy solutions. (Source: https://www.moeveglobal.com/en/press/cepsa-starts-selling-renewable-diesel-hvo) In November 2022, Eni announced that it plans to build a third biorefinery at its Livorno site to produce hydrotreated vegetable oil. The bio-refinery will consist of three biofuel plants: a pre-treatment unit for biogenic raw materials, an eco-fining plant with a capacity of 500,000 tons/year and a plant for producing hydrogen from methane gas. (Source: https://www.eni.com/en-IT/media/press-release/2024/01/eni-moves-ahead-with-conversion-of-the-livorno-refinery-into-a-bio-refinery.html) In November 2022, Neste acquired the aggregation business, related assets, and the used cooking oil (UCO) collection from Crimson Renewable Energy Holdings, LLC, in the United States. (Source: https://www.neste.com/news/neste-s-acquisition-of-used-cooking-oil-collection-and-aggregation-business-from-crimson-renewable-energy-in-the-united-states-is-completed)

Top Companies Market Share in Hydrotreated Vegetable Oil HVO Industry: (In no particular order of Rank)

• ALFA LAVAL
• Cepsa
• Desmet
• DIAMOND GREEN DIESEL
• Neste
• Preem
• Repsol
• Shell
• TotalEnergies
• UPM Biofuels
• Valero Energy
• World Energy
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Hydrotreated Vegetable Oil Market

Which Region Dominates the Hydrotreated Vegetable Oil Market in 2025?

According to Cognitive Market Research, North America currently dominates the Hydrotreated Vegetable Oils market, and the region is expected to have significant growth during the projected period. This is due to strong government incentives for renewable fuels, a well-established biofuel infrastructure, and rising demand for cleaner transportation solutions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to increasing government support for renewable energy, growing environmental awareness, and expanding industrialization.

The current report Scope analyzes Hydrotreated Vegetable Oil HVO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hydrotreated Vegetable Oil HVO

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size was estimated at USD 18241.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 7296.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2025 to 2033.

• According to Cognitive Market Research, the US had a major share in the Hydrotreated Vegetable Oil market with a market size of USD 5757.02 million in 2025 and is projected to grow at a CAGR of 11.2% during the forecast period due to the increasing government incentives and subsidies for sustainable fuel production.
• The Canada Hydrotreated Vegetable Oil market had a market share of USD 875.59 million in 2025 and is projected to grow at a CAGR of 12.2% during the forecast period due to the rising consumer preference for low-carbon fuel alternatives in transportation.
• The Mexico Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 663.99 million in 2025.

Europe Hydrotreated Vegetable Oil HVO

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size was estimated at USD 18241.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 5472.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2025 to 2033.

• The United Kingdom Hydrotreated Vegetable Oil market had a market share of USD 919.37 million in 2025 and is projected to grow at a CAGR of 12.5% during the forecast period. In the UK, Hydrotreated Vegetable Oil sales witnessed an upswing due to the increasing investments in advanced biofuel production infrastructure.
• The France Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 503.47 million in 2025.
• According to Cognitive Market Research, the German Hydrotreated Vegetable Oil market size was valued at USD 1083.55 million in 2025 and is projected to grow at a CAGR of 11.9% during the forecast period. In Germany, Hydrotreated Vegetable Oil surged due to the growing consumer and industry preference for sustainable and low-emission energy sources.
• The Italy Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 470.63 million in 2025.
• The Russia Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 848.23 million in 2025.
• The Spain Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD 448.74 million in 2025
• The Luxembourg Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 169.65 million in 2025.
• The Portugal Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 114.92 million in 2025.
• The Greece Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 65.67 million in 2025.
• The Rest of Europe's Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 848.23 million in 2025.

Asia Pacific Hydrotreated Vegetable Oil HVO

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size was estimated at USD 18241.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4195.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033.

• According to Cognitive Market Research, the China Hydrotreated Vegetable Oil market size was valued at USD 1888.00 million in 2025 and is projected to grow at a CAGR of 14.7% during the forecast period. Hydrotreated Vegetable Oil surged in China due to increasing government incentives and policies supporting biofuel production.
• The Japan Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 578.99 million in 2025.
• The India Hydrotreated Vegetable Oil market had a market share of USD 503.47 million in 2025 and is projected to grow at a CAGR of 17.0% during the forecast period due to the rising demand for sustainable aviation fuel and alternative energy .
• The South Korean Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 419.55 million in 2025.
• The Australian Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 218.17 million in 2025.
• The South East Asia Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 289.49 million in 2025.
• The Rest of Asia Pacific Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 297.88 million in 2025.

South America Hydrotreated Vegetable Oil HVO

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size was estimated at USD 18241.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 912.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2033.

• According to Cognitive Market Research, the Brazil Hydrotreated Vegetable Oil market size was valued at USD 390.37 million in 2025 and is projected to grow at a CAGR of 13.2% during the forecast period. Hydrotreated Vegetable Oils flourished in Brazil due to the abundant availability of feedstock.
• Argentina's Hydrotreated Vegetable Oil market had a market share of USD 153.23 million in 2025 and is projected to grow at a CAGR of 13.5% during the forecast period due to the rising demand for sustainable aviation fuel and low-emission diesel alternatives .
• Colombia Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 81.17 million in 2025.
• Peru Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 74.79 million in 2025.
• Chile Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 65.67 million in 2025.
• The Rest of Latin America's Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 146.84 million in 2025.

Middle East Hydrotreated Vegetable Oil HVO

According to Cognitive Market Research, the global Hydrotreated Vegetable Oil market size was estimated at USD 18241.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 364.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2033..

• The GCC Countries Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 156.15 million in 2025. Hydrotreated Vegetable Oil sales flourish due to the increasing government initiatives.
• The Egypt Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 38.31 million in 2025.
• The South African hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 57.64 million in 2025. Hydrotreated Vegetable Oil sales flourished in South Africa due to the expanding biofuels industry.
• The Turkey Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 31.38 million in 2025.
• The Nigeria Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 38.31 million in 2025.
• The Rest of the MEA Hydrotreated Vegetable Oil market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 43.05 million in 2025.

Hydrotreated Vegetable Oil HVO Market Analysis

How are Segments Performing in the Global Hydrotreated Vegetable Oil Market?

Hydrotreated Vegetable Oil Market Feedstock Segment Analysis

According to Cognitive Market Research, vegetable oils are likely to dominate the Hydrotreated Vegetable Oil Market over the forecast period as the primary feedstock due to their renewable nature, availability, and compatibility with hydrogenation processes. These oils, including palm, soybean, and rapeseed, are abundant and cost-effective, making them ideal for large-scale HVO production while meeting sustainability and energy goals.

The non-food oil is the fastest-growing segment in the Hydrotreated Vegetable Oil Market due to its lower cost and higher availability compared to food-grade oils. These oils provide a sustainable, cost-effective feedstock for HVO production, making them the preferred choice for large-scale biofuel production.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hydrotreated Vegetable Oil HVO Industry. Request a Free Sample PDF!

Hydrotreated Vegetable Oil Market Application Segment Analysis

According to Cognitive Market Research, the automotive segment holds the largest share of the market due to its significant demand for cleaner fuels to meet stringent emission standards. HVO, as a drop-in replacement for diesel, offers an effective solution for reducing emissions in commercial vehicles and passenger cars, driving its widespread adoption in the automotive industry.

In the Hydrotreated Vegetable Oil Market, the power generation sector has been expanding at a rapid pace due to its use as a cleaner, renewable alternative to conventional diesel in power plants. HVO helps reduce carbon emissions and air pollutants, making it an attractive option for energy companies aiming to meet environmental regulations and sustainability goals.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
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