BioLPG (biogenic liquefied petroleum gas) is a renewable fuel with growing potential as a sustainable alternative to fossil-based LPG. In 2020, BioLPG accounted for only 0.06% of the global LPG market, primarily derived as a byproduct of hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production. This process, utilizing waste and vegetable-based oils as feedstocks, yields BioLPG at approximately 10 wt.% of the total output, with the EU and the USA leading production. Market expansion is supported by leading energy companies, such as Neste and Total Energies, operating facilities with annual BioLPG capacity exceeding 50,000 tons. The market for BioLPG is driven by global policy shifts, including the EU’s ambitious 2030 renewable fuel targets and incentives favoring waste-derived biofuels. Despite limited direct policy measures for BioLPG, its eligibility for double-counting schemes and decarbonization benefits position it favorably for growth. Key demand drivers include increasing environmental awareness, policy incentives, and consumer preferences for sustainable products. On the supply side, technological innovations, government support, and cost-effective production methods play critical roles. Challenges remain, particularly in establishing a robust pricing framework and scaling production. However, the deployment of advanced technologies and partnerships between technology providers and market leaders are fostering industry growth. BioLPG production largely relies on hydrotreating, a well-established process in petroleum refining, adapted for biofuel generation. The current global landscape features numerous operational and planned HVO plants, with select facilities extracting BioLPG for commercial use. As technological maturity progresses and legislative frameworks align with sustainability goals, BioLPG has the potential to emerge as a pivotal player in the renewable energy sector.