According to a recent report by TechSci Research titled “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 projected to reach USD 36.35 billion by 2030, growing at a CAGR of 12.02% during the forecast period. The market’s robust growth is being driven by a confluence of factors including tightening global emission regulations, increased adoption of sustainable aviation fuel (SAF), technological innovations in feedstock conversion, and rising investments across the biofuel supply chain.
Diversification of Feedstocks: A Key Trend
One of the most significant trends shaping the renewable/bio jet fuel market is the ongoing diversification of feedstocks used in SAF production. Traditionally, the industry has depended on waste oils, used cooking oil (UCO), and animal fats through the Hydroprocessed Esters and Fatty Acids (HEFA) pathway. However, with surging global SAF demand, this reliance has led to concerns over feedstock availability, pricing volatility, and supply chain limitations.
To address these challenges, the industry is increasingly investing in alternative and non-conventional feedstocks such as lignocellulosic biomass, algae, municipal solid waste (MSW), and synthetic fuels via Power-to-Liquid (PtL) processes. These new-generation feedstocks not only offer broader scalability but also minimize competition with food crops, making them more sustainable over the long term.
Companies like Neste, World Energy, and LanzaJet are leading the charge by developing advanced biofuels from ethanol, waste carbon gases, and other non-edible biomass sources. Technologies involving genetically engineered algae and enzyme-enhanced biorefineries are also gaining traction, as they significantly improve the energy efficiency and environmental profile of bio jet fuels.
The adoption of Carbon Capture and Utilization (CCU) technologies in synthetic SAF production represents another promising development. CCU processes use captured CO₂ emissions as a feedstock, thereby closing the carbon loop and further lowering lifecycle emissions. Although regulatory hurdles around sustainability certification remain for some feedstocks, continuous innovation and infrastructure upgrades are expected to bolster the diversification and availability of SAF sources, improving both cost-efficiency and accessibility.
Feedstock Insights: Agriculture Crops Leading the Way
In terms of feedstock segmentation, agriculture crops held the largest market share in 2024. The dominance of this segment is driven by strong global demand for SAF and increasing regulatory pressure to reduce aviation-related greenhouse gas emissions. Countries across North America, Europe, and Asia-Pacific are promoting the use of renewable aviation fuels derived from energy crops such as camelina, jatropha, sugarcane, corn, and various oilseeds.
These agricultural crops serve as a renewable and reliable alternative to conventional jet fuels. Their growing role aligns with international climate goals, including the Net Zero 2050 targets. Supportive government initiatives—such as blending mandates, tax credits, and subsidies—are accelerating the commercialization and scalability of crop-based bio jet fuels.
Technological advancements in conversion pathways, particularly HEFA and Alcohol-to-Jet (ATJ) processes, have made it increasingly feasible to transform agricultural products into high-quality aviation fuels. These methods improve fuel yields, lower costs, and reduce greenhouse gas emissions compared to traditional fossil fuels.
Further enhancing market growth is the availability of dedicated energy crops that do not interfere with food production. Innovations in crop yield optimization, genetic engineering, and precision agriculture are contributing to the long-term viability of agricultural biofuels. In developing countries, public-private partnerships (PPPs), government-funded RD, and agri-tech investments are helping to establish integrated supply chains for agricultural biofuels.
Airlines are playing an active role in this segment by entering into long-term offtake agreements with biofuel producers. These partnerships provide a stable market for producers and secure sustainable fuel supply for carriers. Additionally, the rise in green consumerism and growing preference for eco-friendly air travel are encouraging airlines to expand SAF use, further supporting the demand for agriculture-derived bio jet fuels.
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Regional Landscape: Asia-Pacific Emerging as a Powerhouse
Regionally, Asia-Pacific is the fastest-growing market for renewable/bio jet fuel. This growth is being fueled by rapidly expanding aviation industries, increasing air traffic, and a heightened focus on carbon emission reduction. Countries like China, India, and Japan are investing heavily in SAF production infrastructure and launching supportive policy frameworks to promote sustainable aviation practices.
Government programs in these nations include SAF blending mandates, tax incentives, and RD grants that are creating a favorable environment for market expansion. The region also benefits from abundant feedstock availability, including agricultural waste, forestry residues, and used cooking oil, enabling scalable biofuel production at competitive prices.
Further accelerating the market in Asia-Pacific is the expansion of airline fleets and aviation networks in response to booming passenger demand. Major airlines across the region have made net-zero emission commitments, prompting a shift toward long-term adoption of SAF.
Collaborations between airlines, energy companies, and technology providers are promoting innovation and reducing costs. As local production capacity increases and logistics infrastructure improves, the region is set to become a global hub for SAF development and deployment.
Outlook
The global renewable/bio jet fuel market is on a robust growth trajectory, underpinned by regulatory momentum, technological progress, and rising sustainability commitments across the aviation sector. With feedstock innovation, regional expansion, and increasing airline participation, the market is poised to play a pivotal role in the decarbonization of global air travel.
Companies investing in RD, integrated supply chains, and cross-sector collaborations will be best positioned to capitalize on the vast opportunities presented by the transition to sustainable aviation fuels. As SAF continues to gain traction, renewable/bio jet fuel is expected to become a cornerstone of the aviation industry’s strategy to achieve climate resilience and long-term environmental sustainability.
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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