Algae Biofuel Market Trends in 2025: What You Need to Know

MarkNtel Advisors recently published a detailed industry analysis of theGlobalAlgae Biofuel Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Algae Biofuel Market, Share, and Trends Analysis Report Industry Overview and Forecast to 2030

TheAlgae Biofuel Marketsize was valued at around USD 10.23 billion in 2024 and is projected to reach USD 18.45 billion by 2030. The market is also estimated to grow at a CAGR of around 10.3% during the forecast period, i.e., 2025-30.

Key Findings in GlobalAlgae Biofuel Market:

• Historical Analysis:20202023
• Base Year:2024
• Forecast Period:20252030

Leading Market Players-Algenol Inc., Sapphire Energy, Genefuel Corporation, Original Clear, Cellana Inc., Neste, Renewable Energy Group, Viridos Inc., Solix Biofuels Inc., Manta Biofuels Inc., Euglena Co. Ltd., Inventure Renewables Inc., and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver theGlobalAlgae Biofuel Market?

Increasing Demand for Biofuels Driving Market Growth The traditional types of fossil fuels have adversely affected the environment due to the release of toxic substances and harmful gases into the surroundings after being consumed. Thus, these increasing concerns to replace conventional sources ofenergywith greener alternatives have been driving the market. Biodiesel and bioethanol are increasingly adopted as substitutes for diesel and gasoline. These have wider applications in the field of transport, aviation, hydrogen production, oil spill clean-up, hydrogen production among others. Consequently, the algae biofuel production capacity has increased worldwide. For instance, as per the Indian Ministry of Power (2023), global biofuel production has reached nearly 270 million liters per day. This rising production is due to the rapidly increasing demand for biofuels like algae biofuels from emerging economies such as India, Indonesia, Brazil, etc.

As per the IEA (International Energy Agency) (2023), the global demand for biofuels is projected to rise by more than 195 billion liters by the year 2028. As per United Airlines, in 2023, about USD 5 million has been invested in Viridos Inc., an algae biofuel-producing company, for the production of 70% carbon-free jet fuel for achieving sustainability. Thus, growing applications of biofuels have in turn increased the demand for algae-based biofuels, and this demand is expected to rise further in the forecast period.

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What segments define the Global Algae Biofuel Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Type

• Bioethanol- Market Size & Forecast 2020-2030, Thousand Tons
• Biogas- Market Size & Forecast 2020-2030, Thousand Tons
• Biodiesel- Market Size & Forecast 2020-2030, Thousand Tons
• Jet Fuel- Market Size & Forecast 2020-2030, Thousand Tons
• Bio Butanol- Market Size & Forecast 2020-2030, Thousand Tons
• Methane- Market Size & Forecast 2020-2030, Thousand Tons
• Others

According to report, Among these, the biodiesel segment holds the largest market size of more than 30%.

By Raw Materials

• Spirulina- Market Size & Forecast 2020-2030, Thousand Tons
• Chlorella- Market Size & Forecast 2020-2030, Thousand Tons
• Dunaliella- Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons

By Process

• Chemical- Market Size & Forecast 2020-2030, Thousand Tons
• Thermochemical- Market Size & Forecast 2020-2030, Thousand Tons
• Biochemical-Market Size & Forecast 2020-2030, Thousand Tons

By Application

• Transportation- Market Size & Forecast 2020-2030, Thousand Tons
• Aerospace- Market Size & Forecast 2020-2030, Thousand Tons
• Power Generation-Market Size & Forecast 2020-2030, Thousand Tons
• Agriculture-Market Size & Forecast 2020-2030, Thousand Tons
• Industrial-Market Size & Forecast 2020-2030, Thousand Tons
• Others

According to report, Out of these, the transportation segment holds the largest market share of more than 40%.

Explore the Complete Global Algae Biofuel Market Analysis Report https://www.marknteladvisors.com/research-library/algae-biofuel-market.html

Geographical Analysis: Global Algae Biofuel Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Algae Biofuel Market Recent Development:

• 2023:Viridos Inc.has announced investments of about USD25 million by the joint efforts of Chevron U.S.A. Inc. and United Airlines Ventures for increasing the research and development of algae oil for achieving sustainability and reduction of carbon emissions.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Algae Biofuel Market?
• How is the Algae Biofuel Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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