Bio-Oil Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Bio-Oil Market Size and Growth
The Bio-Oil market is experiencing significant growth, driven by increasing consumer awareness of natural skincare products. As of 2023, the market size is estimated to exceed $1 billion, with a robust CAGR anticipated over the next five years. Key trends include rising demand for multifunctional oils and sustainable sourcing practices.
Companies Covered
(Covid 19 Impact Covered)
◍ Diester Industries
◍ Neste Oil Rotterdam
◍ ADM
◍ Infinita Renovables
◍ Biopetrol
◍ Cargill
◍ Ital Green Oil
◍ Glencore
◍ Louis Dreyfus
◍ Renewable Energy Group
◍ RBF Port Neches
◍ Ag Processing
◍ Elevance
◍ Marathon Petroleum Corporation
◍ Evergreen Bio Fuels
◍ Minnesota Soybean Processors
◍ Caramuru
◍ Hebei Jingu Group
The bio-oil market features companies like Neste Oil, ADM, and Cargill, focusing on renewable fuels. They leverage bio-oil for sustainable energy, enhance product offerings, and expand market reach. Key players like Marathon Petroleum and Renewable Energy Group drive innovation, contributing to growth in the bio-oil sector. Sales figures include:
- ADM: $65.3 billion (2023)
- Cargill: $134 billion (2023)
- Neste: $21.1 billion (2022)
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