Biofuels Market Outlook:
Biofuels Market size was over USD 158.88 billion in 2025 and is projected to reach USD 324.42 billion by 2035, witnessing around 7.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of biofuels is evaluated at USD 169.46 billion.
The primary growth factor boosting the expansion of the market is the high need for biofuels in the aviation sector. They are utilized as aviation fuels and also used with biomass waste, oil, and fat waste.
The aerospace sector is experiencing substantial growth due to the need for fuel-efficient and lightweight aircraft, increased air traffic, and higher income levels. Based on the International Air Transport Association (IATA) estimates, the revenue of commercial airlines in North America is projected to increase by 1.9% in 2022 compared to previous years.
