Hydrotreated Vegetable Oil Industry Set for 12.7% CAGR Growth; Projected to Exceed USD 70 Billion by 2034

The hydrotreated vegetable oil market is projected to grow from USD 21.2 billion in 2024 to USD 70.0 billion by 2034, achieving a robust CAGR of 12.7% over the next decade. The surging demand for hydrotreated vegetable oil (HVO), also known as ‘green biodiesel,’ is achieving new milestones due to its environmentally friendly characteristics. HVO …