Renewable bio jet fuel is a type of biofuel produced from sustainable feedstock that can help lower carbon emissions from air transportation. Bio jet fuels offer similar performance to conventional jet fuel however with a much lower carbon footprint.

The global renewable bio jet fuel market is estimated to be valued at US$ 299.4 Mn in 2024 and is expected to exhibit a CAGR of 17.95 %over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways

The Global Renewable Bio Jet Fuel Market Demand is expected to witness high growth. The global renewable bio jet fuel market is estimated to be valued at US$ 299.4 Mn in 2024 and is expected to exhibit a CAGR of 17.95 %over the forecast period 2024 to 2031.

North America currently dominates the market due to strong government support for biofuel adoption and presence of leading airlines that have committed to purchasing sustainable aviation fuels. The Asia Pacific region is projected to be the fastest growing market for renewable bio jet fuels during the forecast period. This can be attributed to increasing focus on biofuels across Asian countries like India and China to reduce dependence on fossil fuel imports. India has launched a nationwide biodiesel programme and offers various incentives for biofuel production. China is also investing heavily in biofuel research and domestic production capacity.

Key players operating in the renewable bio jet fuel market are Abbott Laboratories, Aurobindo Pharma USA, Boehringer Ingelheim International GmbH, Cipla Limited, Hikma Pharmaceuticals plc, Jubilant Cadista Pharmaceutical, Sanofi S.A., Solco Healthcare (Prinston Pharmaceutical Inc.) and Torrent Pharmaceuticals Ltd. These players are focusing on collaborating with airlines and developing competitive production technologies to maximize production of sustainable aviation fuels from vegetative and non-edible waste sources.

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