Why Market Studies Matter for the Global Biofuels Industry

Biofuels Market Growth in 2024–2030

Recent reports estimate the global biofuels market at approximately USD 99.5 billion in 2023, with forecasts projecting growth to around USD 207.9 billion by 2030, representing a compound annual growth rate (CAGR) of about 11.3%. (Grand View Research)

These figures reflect major drivers including stricter fuel-blend mandates, expanding sustainable aviation fuel (SAF) demand, and accelerated rollout of advanced biofuels derived from waste feedstocks and non-food biomass.
As a result, market studies are more critical than ever for ensuring investment readiness and identifying growth opportunities.

The Role of Market Studies in Strategic Decision-Making

Whether launching a new production facility, securing funding or evaluating feedstock acquisition, comprehensive market studies can:

• Identify underlying market drivers — policy, technology, and feedstock availability.
• Map competitive dynamics — leading producers, feedstock cost curves, and regional growth patterns.
• Provide actionable insights — such as when to pivot technologies or secure alternative feedstocks.

In an industry where margins can be narrow and capital intensive, a strong market study is no longer optional—it’s a core part of risk management and strategic planning.

How LEC Partners Supports Bioeconomy Investments

At LEC Partners, we apply a 30-plus-year track record to help clients in bioenergy, biomaterials, biotech, and feedstocks. Our expert network spans more than 150 professionals with deep experience in technologies such as anaerobic digestion, gasification, pyrolysis, renewable hydrogen & RNG, bioplastics, fermentation, and waste-to-energy systems.

Because we combine sector-specific technology insight with market analytics and investment strategy, our clients benefit from a holistic perspective—whether they are exploring early-stage viability, commercial scale-up, or litigation support.