Global Fatty Acid Methyl Esters Market is estimated to be valued at USD 24.15 Bn in 2025 and is expected to reach USD 34.45 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 24.15 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.20%
2032 Value Projection:
USD 34.45 Bn
Figure. Fatty Acid Methyl Esters Market Share (%), By Region 2025
Fatty acid methyl esters are the products obtained when fatty acids react with an alcohol in a process known as transesterification. This reaction is commonly carried with methanol to produce biodiesel, a renewable fuel made from plant and animal fats. Fatty acid methyl esters have similar properties to conventional diesel fuel and can be directly used in compression ignition engines. The global demand for biodiesel is rising steadily owing to the depleting fossil fuel reserves and stringent government regulations aimed at reducing vehicular emissions. As a result, the production and trade of FAMEs, which are the primary component of biodiesel, is expanding across major economies.
Market Dynamics:
The global fatty acid methyl esters market is driven by the rising demand for biodiesel from the transportation sector. Government incentives and subsidies for biodiesel production and adoption are boosting the market growth. The mandatory blending targets for biodiesel being adopted by countries will augment the consumption of FAMEs in the coming years. For instance, the European Union has set a target of 14% renewable energy in the transportation sector by 2030. However, the fluctuating supply of raw materials such as vegetable oils can hamper the market growth. Moreover, the higher production cost of biodiesel compared to fossil fuels remains a key challenge. Nonetheless, technological advancements in refining processes and the development of alternative low-cost feedstock are expected to unlock new opportunities. Advancements in feedstock technologies and development of non-edible feedstocks provide new opportunities for sustainable biodiesel production. Market players are investing in R&D to develop advanced technologies to produce biodiesel from algae-based and waste feedstocks.
Key Features of the Study:
This report provides in-depth analysis of the global fatty acid methyl esters market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global fatty acid methyl esters market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Acme Synthetic Chemicals, ADM (Archer Daniels Midland Company), Cargill, Incorporated, Chemrez Technologies, Inc., CREMER OLEO GmbH & Co. KG, Elevance Renewable Sciences, Inc., Emery Oleochemicals, Godrej Industries Limited, JNJ Oil Industries, Inc., KLK OLEO, Krishi Oil Limited, Mohini Organics Pvt. Ltd., P&G Chemicals, Renewable Energy Group, Inc., Stepan Company, Univar Solutions Inc., Vertec BioSolvents Inc., Victorian Chemical Company Pty Ltd., and Wilmar International Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global fatty acid methyl esters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fatty acid methyl esters market
Market Segmentation
Type Insights (Revenue, USD, 2020 - 2032)
Rapeseed Methyl Ester
Soy Methyl Ester
Palm Oil Methyl Ester
Others
Application Insights (Revenue, USD, 2020 - 2032)
Fuel
Lubricants
Coatings
Food and Agriculture
Metalworking Fluids
Personal Care Products
Others
Regional Insights (Revenue, USD, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Acme Synthetic Chemicals
ADM (Archer Daniels Midland Company)
Cargill, Incorporated
Chemrez Technologies, Inc.
CREMER OLEO GmbH & Co. KG
Elevance Renewable Sciences, Inc.
Emery Oleochemicals
Godrej Industries Limited
JNJ Oil Industries, Inc.
KLK OLEO
Krishi Oil Limited
Mohini Organics Pvt. Ltd.
P&G Chemicals
Renewable Energy Group, Inc.
Stepan Company, Univar Solutions Inc.
Vertec BioSolvents Inc.
Victorian Chemical Company Pty Ltd.
Wilmar International Ltd.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Fatty Acid Methyl Esters Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Fatty Acid Methyl Esters Market - COVID-19
Impact Analysis
5. Global Fatty Acid Methyl Esters Market, By Type, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Rapeseed Methyl Ester
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Soy Methyl Ester
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Palm Oil Methyl Ester
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
6. Global Fatty Acid Methyl Esters Market, By Application, 2025-2032 (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Fuel
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Lubricants
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Coatings
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Food and Agriculture
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Metalworking Fluids
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Personal Care Products
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
7. Global Fatty Acid Methyl Esters Market, By Region, 2025-2032 (USD Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)
Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (USD Bn)
Market Size and Forecast, By Application, 2020- 2032 (USD Bn)