The Global Hydrotreated Vegetable Oil Market is estimated to grow at a CAGR of around 12.4% during the forecast period, i.e., 2024-30.

1. Global Hydrotreated Vegetable Oil
(HVO) Market Research Report:
Forecast (2024-2030)
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4. Market Insights
• The Global Hydrotreated Vegetable Oil Market is estimated to grow at a CAGR of around
12.4% during the forecast period, i.e., 2024-30. The global shift toward reducing carbon
footprints and embracing renewable energy sources is a pivotal factor set to propel the
demand for hydrotreated vegetable oil (HVO) in the forthcoming years. Positioned as an
eco-friendly alternative to fossil diesel, HVO offers distinct advantages, notably lower
greenhouse gas emissions, aligning with diverse industries' sustainability targets
encompassing transportation, power generation, and heat production. Government-led
initiatives worldwide, including mandates for biofuel blending, ambitious carbon
reduction goals, and financial incentives, present a conducive environment for the
uptake of HVO oil, spurring the global hydrotreated vegetable oil market.

5. Adoption of Hydrotreated Vegetable Oil in Transportation Sector to
Boost Market Growth – In recent years, countries like the UK,
France, the US, etc., have been largely focused on reducing their
carbon emissions, which has substantially increased due to the
rapid industrialization & soaring usage of diesel-fueled vehicles.
These emissions resulted in climate changes & numerous health
hazards. As a result, the transportation sector across these
countries has been transitioning toward renewable fuels like
hydrotreated vegetable oil, aiming to reduce the overall carbon
emissions.
Global Hydrotreated Oil Market Driver:

6. Market Segmentation of
the Industry
• By Type (Pure HVO-Market, Co-processed HVO-Market),
By Feedstock (Rapeseed-Market, Sunflower-Market,
Soybean-Market, Palm-Market, Others [Jatropha,
Coconut Oil, etc.]), By Application (Transportation [Road
Transport, Aviation, Others {Agricultural, Railways, etc.}],
Power Generation), By Region (North America, South
America, Europe, The Middle East & Africa, Asia-Pacific),

7. Competitive Benchmarking
Neste Oyj, Valero Energy Ltd, Eni, Cepsa, TotalEnergies, Preem,
Repsol, Green Biofuels Limited, Shell, Watson Fuels, Crown Oil Ltd,
Interion Pte Ltd, Targray, Prema Energy Ltd, Others

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