Algae-Based Biofuel Market is expected to reach US$ 19,161.1 million by 2032 | Top key players - Cellana Inc., Genifuel Corporation, Sapphire Energy

Market Size and Growth:

The Global Algae-Based Biofuel Market Size reached US$ 9,230.5 million in 2024 and is expected to reach US$ 19,161.1 million by 2032, growing with a CAGR of 9.5% from 2025-2032. The Market is growing due to rising demand for low-carbon renewable energy and increasing investments in sustainable fuel technologies driven by climate policies. According to DataM Intelligence Report.

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The Algae-Based Biofuel Market refers to the global industry focused on producing renewable fuels derived from microalgae and macroalgae. These fuels, including biodiesel, bioethanol, biojet fuel, and biogas, are valued for their high yield, rapid growth rates, and minimal land use. The market encompasses R&D, cultivation technologies, processing systems, and commercial applications across transportation, power generation, and industrial sectors.

United States: Recent Developments of Algae-Based Biofuel Market

✅ September 2025: PNNL developed technology to convert algae into biofuel and cement using hydrothermal liquefaction, enabling production of up to 30 million tons of algal biochar annually to meet a third of U.S. supplementary cementitious materials demand.​

✅ October 2025: Algae biofuel feedstock developer announced plans for a commercial facility in desert regions, focusing on scalable production to address feedstock bottlenecks for sustainable fuels.​

✅ November 2025: U.S. Department of Energy allocated $20.2 million to 10 projects advancing mixed algae conversion into low-carbon biofuels and bioproducts, including sustainable aviation fuel from seaweed and wet waste.

Japan: Recent Developments of Algae-Based Biofuel Market

✅ September 2025: Algal Bio scaled up microalgae solutions, including Nannochloropsis for bio-industrial oils, through new cultivation facilities in the Seto Inland Sea region.​

✅ October 2025: Euglena Co. advanced high-density algae cultivation demonstrations, achieving densities up to 10 times higher for biofuel raw materials in commercial tanks.​

✅ November 2025: Euglena participated in groundbreaking for a new biorefinery in Malaysia with PETRONAS and Enilive, enhancing algae-based biofuel production capacity to 12,500 barrels per day.

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Major Players:

Key companies in the Algae-Based Biofuel market include:

Cellana Inc.
Genifuel Corporation
Sapphire Energy
VG Energy, Inc.
Viridos
Algenol Biotech
GreenFuel Technologies
Culture Fuels, Inc
ALGAMOIL LLC
AlgaEnergy.

Market Growth Drivers:

✅ Rising Demand for Sustainable Energy: Global efforts to reduce carbon emissions and transition to low-carbon alternatives are fueling the algae-based biofuel market, as algae biofuels offer a cleaner option that utilizes CO2 and non-arable land.​

✅ Government Support and Incentives: Policies, tax incentives, research funding, and renewable energy mandates from governments worldwide are accelerating investment and commercialization in algae biofuels.​

✅ Technological Advancements: Innovations in algae cultivation, such as photobioreactors, AI optimization, and improved lipid extraction, are lowering production costs and enhancing scalability.

Segments Covered in the Algae-Based Biofuel Market:

By Type: Bioethanol, Biodiesel, Biogasoline, Green Diesel, Sustainable Aviation Fuel.

By Cultivation Technology: Open pond systems, Closed Photobioreactors (PBRs), Hybrid Systems.

By Application: Transportation Fuel, Aviation, Marine, Power Generation, Industrial Applications, Others.

By Production Method: Heterotrophic Cultivation, Autotrophic Cultivation, Mixotrophic Cultivation.

Regional Analysis for Algae-Based Biofuel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Algae-Based Biofuel market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Algae-Based Biofuel Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Algae-Based Biofuel market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Algae-Based Biofuel Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Algae-Based Biofuel market?

➠ Who are the global key manufacturers of the Algae-Based Biofuel Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Algae-Based Biofuel market opportunities and threats faced by the vendors in the global Algae-Based Biofuel Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Algae-Based Biofuel market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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