Europe Bioenergy Market Report and Forecast 2024-2032

Europe Bioenergy Market Size

The Europe bioenergy market reached around 254.06 TWh in 2023. The market is projected to grow at a CAGR of 2.3% between 2024 and 2032, reaching almost 312.03 TWh by 2032.

Europe Bioenergy Market Outlook

• In 2023, bioenergy accounted for 58% of renewable energy use in Europe.

• The EU’s decision to use 42.5% renewable energy by 2030 for electricity generation is expected to boost the market growth.

• By 2030, the EU’s domestic biomethane production capabilities are expected to reach 35 billion metres cube.

Europe Bioenergy Market Growth

In Europe, primary solid biofuels account for 70.3% of the overall bioenergy production. This is followed by liquid biofuels at 12.9%, biogas at 10.1%, and renewable portions of municipal waste at 6.6%.

In 2021, indigenous biogas production recorded a year-on-year increase of 1.7%, reaching 14.9 MTOE. Germany accounted for 50.4% of the overall production, reaching 7.5 MTOE, which made it the leading biomethane producer. Italy (3.9%), and France (9.4%), followed it at 2.1 MTOE and 1.4 MTOE, respectively.

The supply of solid biomass for bioenergy production mainly comprises forest biomass at over 60%, followed by biomass obtained from organic waste materials (26%), and agricultural biomass at 8%, sourced notably from Finland and Sweden. The supply of solid biomass in Europe has recorded a surge of 33.5% between 2008 and 2021, reaching 4,454,768 TJ.

The consumption of biofuels in Europe has risen by 39% between 2013 and 2021. In 2021, the transportation sector consumed 16.5 MTOE of biofuel, with biodiesel emerging as the most popular fuel. Bioethanol and biomethane (among other liquid biofuels) accounted for 18% and less than 1% of total biofuel consumption, respectively.

In 2021, bioenergy was used to produce 17.3 MTOE of heat energy in Europe, primarily by using solid biomass (at over 70%), renewable portions of municipal waste (at over 18%), and biogas (at 5.0%).

Europe Bioenergy Industry Segmentation

Europe Bioenergy Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Solid Biomass 

• Biogas

• Renewable Waste

• Others

Market Breakup by Technology

• Gasification

• Fast Pyrolysis

• Fermentation

• Others

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

Europe Bioenergy Market Share

Based on technology, the market is divided into gasification, fast pyrolysis, and fermentation, among others. Over the forecast period, fermentation is estimated to grow at a CAGR of 2.4% as it involves the usage of various microorganisms to break down waste under anaerobic conditions to produce biofuels in a sustainable manner.

Leading Companies in the Europe Bioenergy Market

Major market players are expected to develop new facilities for manufacturing biofuels and biogas from organic and agricultural waste.

• TotalEnergies S.A.

• Ørsted A/S

• Fulcrum BioEnergy, Inc.

• Novonesis

• Enviva Inc.

• EnviTec Biogas AG

• Drax Group plc

• Ameresco, Inc.

• Archer Daniels Midland Company

• Babcock & Wilcox Enterprises, Inc.

• Others

Key Highlights of the Report