Advanced Biofuels Market Outlook:
Advanced Biofuels Market size was valued at USD 21.47 billion in 2025 and is likely to cross USD 51.77 billion by 2035, registering more than 9.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of advanced biofuels is assessed at USD 23.25 billion.
The rapid increase in energy utilization across the world is fueling the market growth over the projected timeframe. According to a recent report, global energy consumption growth was comparatively reduced in 2022 (+2.1%) but it remained higher than its average growth rate from 2010 to 2019 (+1.4%/year).
Biofuels are mainly produced from biological sources which include vegetable oil, and crop residues such as wheat, barley, and whey. The raw material used for production is easily accessible in local areas at affordable rates. Beside this, animal fat acts as raw material for biodiesel production as the cost is comparatively lower than vegetable oils. Easy and economical availability of raw materials for biofuel production is driving the market growth.
