According to the research report, “Global Bioethanol Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 115 Billion by 2029, increasing from USD 89.94 Billion in 2023. The market is expected to grow with 4.95% CAGR by 2024-29. Advanced bioethanol production technologies, including enzymatic hydrolysis and thermochemical conversion, enable the efficient utilization of non-food biomass. Optimization of fermentation processes, enzyme technologies, and bioreactor design is enhancing the efficiency and scalability of bioethanol production. North America is leading in the bioethanol industry due to its abundant agricultural resources, supportive government policies, and well-developed infrastructure for bioethanol production and distribution. 

Largest Bioethanol Market Companies in the World.

1. The Archer-Daniels-Midland Company

The Archer-Daniels-Midland Company (ADM) is a multinational corporation that processes food and trades commodities. The Company owns trademarks, brands, recipes, and other intellectual property including patents, with a net book value of $734 million as of December 31, 2023. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide. It has business operations in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. ADM is headquartered in Chicago, Illinois, the US.

2. Valero Energy Corporation

The company was founded in 1980 and is headquartered in San Antonio, Texas. Valero Energy Corporation is an American petroleum refining and marketing company that produces and sells transportation fuels, petrochemicals, and power. Valero, through its subsidiaries, owns 15 petroleum refineries in the United States, Canada and the United Kingdom and 12 ethanol plants in the U.S. Midwest. Valero is also a joint venture member in Diamond Green Diesel Holdings LLC (DGD), which owns renewable diesel plants next to Valero's refineries in St. Charles, Louisiana and Port Arthur, Texas.

3. Tereos S.A.

The Tereos cooperative group, a union of 10,700 cooperative members, has recognized know-how in the processing of beet, sugar cane, alfalfa and cereals. Through 41 industrial sites, a presence in 15 countries and the commitment of its 15,800 employees, Tereos supports its customers close to their markets with a broad and complementary range of products. In 2023/24, the Group posted revenues of €7.1 billion. Tereos SCA was created in 2018. The cooperative grows now all belong to a single cooperative. This simplified, modernised organisation will strengthen the efficiency of the cooperative group and its ability to respond to changes in its environment.

4. Green Plains Inc.

Green Plains is one of the largest domestic producers of ethanol and was founded in 2004. Ethanol is blended with gasoline to help reduce transportation emissions, and the U.S. is by far the largest producer of ethanol globally, according to the Department of Energy. Company Financial Year 2023 Net Revenue is USD 3295.74 Million. Green Plains owns and operates 10 biorefineries across the United States three in Nebraska, two in Iowa, two in Minnesota and one each in Indiana, Illinois and Tennessee.

5. Nordzucker AG 

The Nordzucker AG was formed by the merger of the Braunschweig-based Zuckerverbund Nord AG (ZVN) and the Uelzen-based Zucker-Aktiengesellschaft Uelzen-Braunschweig (ZAG) in 1997. The Company offers bioethanol, animal feed, molasses, and fertilizers from sugar beet and cane. Nordzucker serves customers worldwide. In the financial year 2022/2023, the group generated revenues of 2.3 billion euro. The global activities of Nordzucker AG are managed from its headquarters in Braunschweig, Germany. Sugar is extracted from beet and cane and processed at a total of 21 modern production facilities in a number of countries in Europe as well as in Australia. 

6. Suncor Energy Inc.

In 1979, Sun formed Suncor by merging its Canadian refining and retailing interests; Great Canadian Oil Sands; and its conventional oil and gas interests. Company Financial Year 2023 Net earnings is USD 8295 Million. Suncor is an integrated energy company headquartered in Calgary, Alberta, Canada. Suncor’s operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highwa, a coast-to-coast network of fast-charging electric vehicle stations).