Renewable/Bio Jet Fuel Market is expected to Grow with a CAGR of 12.02% through 2030
The renewable/bio jet fuel
market is driven by rising aviation emissions regulations, increasing adoption
of sustainable aviation fuels, government incentives, and growing investments
in biofuel production technologies to achieve carbon neutrality.
According to TechSci Research
report, “Renewable/Bio Jet Fuel Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Renewable/Bio Jet Fuel Market was valued at USD 18.23 billion in 2024 and is expected to reach USD 36.35 billion by 2030 with a CAGR of 12.02% during the forecast period. One of the key trends in the renewable/bio jet fuel market is the diversification of feedstocks used for SAF production. Traditionally, SAF production has relied heavily on waste oils, used cooking oil (UCO), and animal fats through the HEFA process. However, as demand for SAF rises, concerns over feedstock availability, cost fluctuations, and supply chain constraints have prompted significant investment in alternative sources such as lignocellulosic biomass, algae, municipal solid waste (MSW), and Power-to-Liquid (PtL) synthetic fuels. Research and development efforts are focusing on enhancing the conversion efficiency of non-food biomass, such as forestry and agricultural residues, to increase the scalability of biofuel production without disrupting the food supply chain.
Companies like Neste, World Energy, and LanzaJet are investing in next-generation biofuels derived from ethanol and waste carbon gases, which offer lower lifecycle emissions compared to conventional SAF. Additionally, advancements in biotechnological processes, including genetically modified algae strains and enzyme-based bio-refineries, are improving the viability of microalgae-based jet fuels. The integration of carbon capture and utilization (CCU) technologies in synthetic fuel production further enhances the sustainability of SAF by using captured CO₂ as a feedstock. While some feedstocks face regulatory challenges related to sustainability certification, ongoing innovations and infrastructure expansion are expected to diversify the biofuel supply chain, making SAF more affordable and accessible for the aviation sector.
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Based on the Feedstock, Agriculture Crops segment held the
largest Market share in 2024. The Renewable/Bio Jet Fuel Market in the
Agriculture Crops segment is experiencing significant growth, driven by the
increasing demand for sustainable aviation fuel (SAF) and the rising adoption
of feedstock-based biofuels to reduce the aviation industry's carbon footprint.
Governments and regulatory bodies worldwide are imposing stricter emission
norms and promoting renewable fuel adoption, encouraging the use of
agricultural crops such as camelina, jatropha, sugarcane, corn, and oilseeds as
viable feedstocks for bio jet fuel production. These crops offer a renewable
and sustainable alternative to fossil-based aviation fuels, aligning with
global climate targets such as Net Zero 2050 initiatives.
Financial incentives, subsidies, and blending mandates in regions such as North
America, Europe, and Asia-Pacific are further accelerating the deployment of
bio jet fuels derived from agricultural sources. The rising investments in
advanced biofuel technologies, including hydroprocessed esters and fatty acids
(HEFA) and alcohol-to-jet (ATJ) pathways, enhance the efficiency of converting
agricultural crops into aviation-grade fuels, making them commercially viable
and scalable. Moreover, the aviation sector’s commitment to sustainable
practices, exemplified by initiatives like the Carbon Offsetting and Reduction
Scheme for International Aviation (CORSIA), is propelling demand for bio jet
fuels sourced from agricultural feedstocks. The growing availability of
dedicated energy crops that do not compete with food supply chains, along with
innovations in crop yield improvement and genetic engineering, is further
expanding the feasibility of large-scale bio jet fuel production. In emerging
economies, agribusiness collaborations, public-private partnerships (PPPs), and
R&D investments are fostering the development of an integrated supply chain
for agricultural biofuels, reducing dependency on traditional fossil-based
aviation fuels.
Airlines are increasingly partnering with biofuel
producers to secure long-term supply agreements, reinforcing the economic
viability of agricultural feedstock-based bio jet fuel. The expansion of
biorefineries with a focus on agricultural feedstocks and the decreasing cost
of biofuel production through technological advancements are enhancing the
competitiveness of bio jet fuel in the global market. Moreover, growing
consumer awareness and preference for eco-friendly air travel are encouraging
airlines to increase their reliance on renewable aviation fuels, further driving
the market for agricultural crop-based bio jet fuel. As the aviation industry
faces mounting pressure to decarbonize, the role of agriculture-derived
biofuels in achieving sustainability goals is becoming increasingly crucial,
reinforcing their long-term market potential.
Based on region, The Asia Pacific region is the
fastest-growing market for renewable/bio jet fuel, driven by rising air travel
demand, stringent emission regulations, and strong government support for
sustainable aviation. Countries like China, India, and Japan are investing
heavily in biofuel infrastructure and promoting policies such as blending
mandates and financial incentives. Expanding airline fleets and commitments to
net-zero emissions further accelerate market growth. Additionally, the region
benefits from abundant feedstock availability, including agricultural residues
and waste oils, enhancing production scalability. Strategic partnerships
between airlines, fuel producers, and technology firms are fostering
innovation, reducing costs, and strengthening regional market adoption.
Major companies operating in
the Global Renewable/Bio Jet Fuel Market are:
- Gevo, Inc.
- Red Rock Biofuels LLC
- Honeywell International Inc.
- Virent Inc.
- Fulcrum BioEnergy, Inc.
- Neste Oil Corporation
- AltAir Paramount LLC
- S.G. Preston Company
- Eni SpA Total S.A.
- BP PLC
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“The Global Renewable/Bio Jet
Fuel Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The renewable/bio jet fuel market
is poised for substantial growth, driven by stringent environmental
regulations, escalating airline commitments to carbon neutrality, and
advancements in biofuel production technologies. Favorable government policies,
including tax incentives and blending mandates, are accelerating large-scale
adoption. Rising air travel demand and heightened scrutiny of aviation
emissions are further fueling market expansion. Strategic investments in
feedstock diversification—such as algae, waste oils, and agricultural
residues—are enhancing production scalability. Moreover, collaborations among
airlines, fuel producers, and technology innovators are optimizing cost
efficiencies and fuel performance. Expanding biofuel distribution infrastructure
further strengthens market penetration and global commercialization. Therefore,
the Market of Renewable/Bio Jet Fuel is expected to boost in the upcoming
years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Renewable/Bio
Jet Fuel Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented, By Conversion Pathways (Fischer Tropsch Synthetic
Paraffinic Kerosene (FT-SPK), Hydroprocessed Esters and Fatty Acids (HEFA),
Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (SIP) and Alcohol to
Jet SPK (ATJ-SPK)), By Feedstock (Agriculture Crops, Aquaculture Crops, Energy
Crops, Multiple Solid Waste, and Others), By Region, By Competition, 2020-2030F”, has evaluated the future
growth potential of Global Renewable/Bio Jet Fuel Market and provides
statistics & information on the Market size, structure, and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Renewable/Bio Jet Fuel Market.
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