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Hydrotreated Vegetable Oil (HVO) Industry Research Report 2026
Market perspective
The global Hydrotreated Vegetable Oil (HVO) market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Hydrotreated Vegetable Oil (HVO) is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Hydrotreated Vegetable Oil (HVO) is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Hydrotreated Vegetable Oil (HVO) is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Hydrotreated Vegetable Oil (HVO) include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Hydrotreated Vegetable Oil (HVO) market in revenue (US$ million) and, where applicable, sales volume (Tons), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Tons) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Hydrotreated Vegetable Oil (HVO).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Hydrotreated Vegetable Oil (HVO) Market by Company
Diamond Green Diesel
Eni
Neste
Preem
Renewable Energy Group
Repsol
World Energy
UPM Biofuels
TotalEnergies
NextChem(Maire Tecnimont)
Cepsa
Hydrotreated Vegetable Oil (HVO) Segment by Type
Based on Ecofining Technology
Based on Co-Processing Technology
Other
Hydrotreated Vegetable Oil (HVO) Segment by Application
Industrial Power System
Generator
Vehicle
Other
Hydrotreated Vegetable Oil (HVO) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Hydrotreated Vegetable Oil (HVO) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Hydrotreated Vegetable Oil (HVO) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Hydrotreated Vegetable Oil (HVO).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Hydrotreated Vegetable Oil (HVO) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Hydrotreated Vegetable Oil (HVO) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Hydrotreated Vegetable Oil (HVO) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Based on Ecofining Technology
- Based on Co-Processing Technology
- Other
Applications
- Industrial Power System
- Generator
- Vehicle
- Other
Companies covered
- Diamond Green Diesel
- Eni
- Neste
- Preem
- Renewable Energy Group
- Repsol
- World Energy
- UPM Biofuels
- TotalEnergies
- NextChem(Maire Tecnimont)
- Cepsa
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Hydrotreated Vegetable Oil (HVO) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Based on Ecofining Technology
- 2.2.3 Based on Co-Processing Technology
- 2.2.4 Other
- 2.3 Hydrotreated Vegetable Oil (HVO) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Industrial Power System
- 2.3.3 Generator
- 2.3.4 Vehicle
- 2.3.5 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Hydrotreated Vegetable Oil (HVO) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Hydrotreated Vegetable Oil (HVO) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Hydrotreated Vegetable Oil (HVO) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Hydrotreated Vegetable Oil (HVO) Production by Manufacturers (2021-2026)
- 3.2 Global Hydrotreated Vegetable Oil (HVO) Production Value by Manufacturers (2021-2026)
- 3.3 Global Hydrotreated Vegetable Oil (HVO) Average Price by Manufacturers (2021-2026)
- 3.4 Global Hydrotreated Vegetable Oil (HVO) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Hydrotreated Vegetable Oil (HVO) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Hydrotreated Vegetable Oil (HVO) Manufacturers, Product Type & Application
- 3.7 Global Hydrotreated Vegetable Oil (HVO) Manufacturers Established Date
- 3.8 Global Hydrotreated Vegetable Oil (HVO) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Diamond Green Diesel
- 4.1.1 Diamond Green Diesel Hydrotreated Vegetable Oil (HVO) Company Information
- 4.1.2 Diamond Green Diesel Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.1.3 Diamond Green Diesel Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Diamond Green Diesel Product Portfolio
- 4.1.5 Diamond Green Diesel Recent Developments
- 4.2 Eni
- 4.2.1 Eni Hydrotreated Vegetable Oil (HVO) Company Information
- 4.2.2 Eni Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.2.3 Eni Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Eni Product Portfolio
- 4.2.5 Eni Recent Developments
- 4.3 Neste
- 4.3.1 Neste Hydrotreated Vegetable Oil (HVO) Company Information
- 4.3.2 Neste Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.3.3 Neste Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Neste Product Portfolio
- 4.3.5 Neste Recent Developments
- 4.4 Preem
- 4.4.1 Preem Hydrotreated Vegetable Oil (HVO) Company Information
- 4.4.2 Preem Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.4.3 Preem Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Preem Product Portfolio
- 4.4.5 Preem Recent Developments
- 4.5 Renewable Energy Group
- 4.5.1 Renewable Energy Group Hydrotreated Vegetable Oil (HVO) Company Information
- 4.5.2 Renewable Energy Group Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.5.3 Renewable Energy Group Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Renewable Energy Group Product Portfolio
- 4.5.5 Renewable Energy Group Recent Developments
- 4.6 Repsol
- 4.6.1 Repsol Hydrotreated Vegetable Oil (HVO) Company Information
- 4.6.2 Repsol Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.6.3 Repsol Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Repsol Product Portfolio
- 4.6.5 Repsol Recent Developments
- 4.7 World Energy
- 4.7.1 World Energy Hydrotreated Vegetable Oil (HVO) Company Information
- 4.7.2 World Energy Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.7.3 World Energy Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 World Energy Product Portfolio
- 4.7.5 World Energy Recent Developments
- 4.8 UPM Biofuels
- 4.8.1 UPM Biofuels Hydrotreated Vegetable Oil (HVO) Company Information
- 4.8.2 UPM Biofuels Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.8.3 UPM Biofuels Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 UPM Biofuels Product Portfolio
- 4.8.5 UPM Biofuels Recent Developments
- 4.9 TotalEnergies
- 4.9.1 TotalEnergies Hydrotreated Vegetable Oil (HVO) Company Information
- 4.9.2 TotalEnergies Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.9.3 TotalEnergies Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 TotalEnergies Product Portfolio
- 4.9.5 TotalEnergies Recent Developments
- 4.10 NextChem(Maire Tecnimont)
- 4.10.1 NextChem(Maire Tecnimont) Hydrotreated Vegetable Oil (HVO) Company Information
- 4.10.2 NextChem(Maire Tecnimont) Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.10.3 NextChem(Maire Tecnimont) Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 NextChem(Maire Tecnimont) Product Portfolio
- 4.10.5 NextChem(Maire Tecnimont) Recent Developments
- 4.11 Cepsa
- 4.11.1 Cepsa Hydrotreated Vegetable Oil (HVO) Company Information
- 4.11.2 Cepsa Hydrotreated Vegetable Oil (HVO) Business Overview
- 4.11.3 Cepsa Hydrotreated Vegetable Oil (HVO) Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Cepsa Product Portfolio
- 4.11.5 Cepsa Recent Developments
5 Global Hydrotreated Vegetable Oil (HVO) Production by Region
- 5.1 Global Hydrotreated Vegetable Oil (HVO) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Hydrotreated Vegetable Oil (HVO) Production by Region: 2021-2032
- 5.2.1 Global Hydrotreated Vegetable Oil (HVO) Production by Region: 2021-2026
- 5.2.2 Global Hydrotreated Vegetable Oil (HVO) Production Forecast by Region (2027-2032)
- 5.3 Global Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Hydrotreated Vegetable Oil (HVO) Production Value by Region: 2021-2032
- 5.4.1 Global Hydrotreated Vegetable Oil (HVO) Production Value by Region: 2021-2026
- 5.4.2 Global Hydrotreated Vegetable Oil (HVO) Production Value Forecast by Region (2027-2032)
- 5.5 Global Hydrotreated Vegetable Oil (HVO) Market Price Analysis by Region (2021-2026)
- 5.6 Global Hydrotreated Vegetable Oil (HVO) Production and Value, YOY Growth
- 5.6.1 North America Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Hydrotreated Vegetable Oil (HVO) Production Value Estimates and Forecasts (2021-2032)
6 Global Hydrotreated Vegetable Oil (HVO) Consumption by Region
- 6.1 Global Hydrotreated Vegetable Oil (HVO) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Hydrotreated Vegetable Oil (HVO) Consumption by Region (2021-2032)
- 6.2.1 Global Hydrotreated Vegetable Oil (HVO) Consumption by Region: 2021-2026
- 6.2.2 Global Hydrotreated Vegetable Oil (HVO) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Hydrotreated Vegetable Oil (HVO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Hydrotreated Vegetable Oil (HVO) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Hydrotreated Vegetable Oil (HVO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Hydrotreated Vegetable Oil (HVO) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Hydrotreated Vegetable Oil (HVO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Hydrotreated Vegetable Oil (HVO) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Hydrotreated Vegetable Oil (HVO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Hydrotreated Vegetable Oil (HVO) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Hydrotreated Vegetable Oil (HVO) Production by Type (2021-2032)
- 7.1.1 Global Hydrotreated Vegetable Oil (HVO) Production by Type (2021-2032) & (Tons)
- 7.1.2 Global Hydrotreated Vegetable Oil (HVO) Production Market Share by Type (2021-2032)
- 7.2 Global Hydrotreated Vegetable Oil (HVO) Production Value by Type (2021-2032)
- 7.2.1 Global Hydrotreated Vegetable Oil (HVO) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Hydrotreated Vegetable Oil (HVO) Production Value Market Share by Type (2021-2032)
- 7.3 Global Hydrotreated Vegetable Oil (HVO) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Hydrotreated Vegetable Oil (HVO) Production by Application (2021-2032)
- 8.1.1 Global Hydrotreated Vegetable Oil (HVO) Production by Application (2021-2032) & (Tons)
- 8.1.2 Global Hydrotreated Vegetable Oil (HVO) Production Market Share by Application (2021-2032)
- 8.2 Global Hydrotreated Vegetable Oil (HVO) Production Value by Application (2021-2032)
- 8.2.1 Global Hydrotreated Vegetable Oil (HVO) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Hydrotreated Vegetable Oil (HVO) Production Value Market Share by Application (2021-2032)
- 8.3 Global Hydrotreated Vegetable Oil (HVO) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Hydrotreated Vegetable Oil (HVO) Value Chain Analysis
- 9.1.1 Hydrotreated Vegetable Oil (HVO) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Hydrotreated Vegetable Oil (HVO) Production Mode & Process
- 9.2 Hydrotreated Vegetable Oil (HVO) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Hydrotreated Vegetable Oil (HVO) Distributors
- 9.2.3 Hydrotreated Vegetable Oil (HVO) Customers
10 Global Hydrotreated Vegetable Oil (HVO) Analyzing Market Dynamics
- 10.1 Hydrotreated Vegetable Oil (HVO) Industry Trends
- 10.2 Hydrotreated Vegetable Oil (HVO) Industry Drivers
- 10.3 Hydrotreated Vegetable Oil (HVO) Industry Opportunities and Challenges
- 10.4 Hydrotreated Vegetable Oil (HVO) Industry Restraints
11 Report Conclusion
12 Disclaimer
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