According to Cognitive Market Research, the global aviation and marine biofuel market size was USD XX million in 2024. It will scale at a compound annual growth rate (CAGR) of 6.3% between 2024 and 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will proceed at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will thrive at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will evolve at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will progress at a compound annual growth rate (CAGR) of 6% from 2024 to 2031.
The shipping companies category is the fastest-growing end-user segment of the aviation and marine biofuel industry.
