Global biofuels market to reach $390.6 bn in 2030

In California, Coherent Market Insights reported that the global biofuels market is estimated to be valued at $213.68 million in 2022 and is expected to experience a CAGR of 9% during the 2023-2030 period.

The report also highlighted that North America is expected to hold a dominant position over the forecast period due to high demand for biofuels and advanced biofuels, government mandates and support, and robust infrastructure for biofuel production in the region.