Bio-Based Sustainable Aviation Fuel Market Outlook: US$420.04 Million Market Set to Reach US$4.77 Billion at 31.0% CAGR, Led by HEFA-SPK (62% Share) and Key Players Gevo, Neste, World Energy, SkyNRG & Indian Oil

The global bio-based sustainable aviation fuel market reached US$ 420.04 million in 2024 and is expected to reach US$ 4772.329 by 2032, growing at a CAGR of 31.0% during the forecast period 2025-2032.., according to DataM Intelligence.

United States: Recent Industry Developments
✅ In October 2025, Gevo Inc. expanded its U.S. alcohol-to-jet (ATJ) bio-SAF production with a new facility in South Dakota, partnering with Delta Air Lines to supply 100 million gallons annually of bio-based jet fuel from corn-based ethanol, supporting net-zero aviation goals.
✅ In September 2025, World Energy launched its sustainable aviation fuel blend certified under CORSIA, targeting major U.S. carriers via pipeline and storage agreements with Valero for drop-in compatibility with existing jet fuel infrastructure.
✅ In August 2025, Fulcrum BioEnergy introduced municipal solid waste-to-SAF technology at its Sierra BioFuels Plant, compliant with EPA renewable fuel standards and distributed through aviation fuel suppliers for low-carbon-intensity fuel.

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Japan: Recent Industry Developments
✅ In October 2025, Mitsubishi Heavy Industries adopted advanced hydrotreated esters and fatty acids (HEFA) processing in its Japanese facilities, improving bio-SAF yield by 18% for export-grade sustainable fuel to Asia-Pacific airlines.
✅ In September 2025, JAL (Japan Airlines) collaborated with Neste to secure long-term bio-SAF supply contracts, focusing on waste oil and residue feedstocks under national carbon neutrality targets for aviation.
✅ In August 2025, Japan's Ministry of Economy, Trade and Industry subsidized bio-SAF R&D and feedstock supply chain development for 50,000 tons of annual production capacity, supporting domestic SAF blending mandates.

Asia-Pacific: Recent Industry Developments
✅ In October 2025, Indian Oil Corporation opened a new bio-SAF pilot plant in India using HEFA technology, supplying B2B clients in aviation with blended sustainable fuel for domestic and international flights.
✅ In September 2025, China's Sinopec imported record volumes of bio-crude and SAF intermediates from the U.S. and Europe, driven by national dual-carbon goals and airline blending commitments.
✅ In August 2025, SkyNRG Asia-Pacific launched commercial-scale bio-SAF supply agreements in Singapore and Australia, integrating waste-based feedstocks for regional carriers and cargo operators.

Mergers & Acquisitions
✅ October 2025 - United States: Gevo acquired a renewable jet fuel technology startup specializing in advanced alcohol-to-jet catalysts to accelerate commercial-scale SAF production.
✅ September 2025 - Netherlands: SkyNRG merged with a European waste-to-SAF developer to expand its feedstock supply chain and production capacity in the APAC region.
✅ August 2025 - India: Indian Oil Corporation acquired a minority stake in a domestic bio-refinery startup focused on HEFA-based SAF production to strengthen its sustainable aviation fuel portfolio.

Technological Partnerships
✅ October 2025 - United States & Singapore: Chevron and SkyNRG Asia-Pacific formed a strategic partnership to co-develop and supply bio-SAF for airlines operating in the Asia-Pacific region.
✅ September 2025 - Japan & Finland: JAL and Neste signed a long-term supply agreement for bio-SAF produced from waste oils and residues, supporting Japan's domestic aviation decarbonization targets.
✅ August 2025 - Global: World Energy and Delta Air Lines announced a multi-year partnership to scale alcohol-to-jet and HEFA-based SAF supply chains for U.S. and international flights.

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New Product/Service Launch
✅ October 2025 - United States: Gevo launched its next-generation ATJ-SAF with >85% lifecycle GHG reduction compared to conventional jet fuel.
✅ September 2025 - India: Indian Oil Corporation introduced its indigenously developed bio-SAF blend for commercial aviation trials.
✅ August 2025 - Europe/Asia-Pacific: Neste rolled out its MY Sustainable Aviation Fuel with 90%+ GHG reduction for airlines across the region.

Technological Advancements in the Market
✅ October 2025: Breakthrough in alcohol-to-jet (ATJ) catalyst efficiency demonstrated by Gevo and partners, reducing production costs by 15-20% for commercial-scale SAF.
✅ September 2025: Widespread adoption of waste oil and residue-based HEFA-SAF blending by major airlines in Asia-Pacific, achieving 50% SAF blends in select routes.
✅ August 2025: Integration of digital feedstock traceability platforms in Europe and the U.S., ensuring CORSIA-eligible and sustainable SAF certification for global carriers.

Funding Raised by Companies
✅ October 2025 - United States: Gevo raised US$250 million in equity and debt financing to accelerate its Net-Zero 1 SAF project and expand ATJ production capacity.
✅ September 2025 - Singapore: SkyNRG Asia-Pacific secured US$120 million in growth funding to scale regional SAF supply chains and feedstock partnerships.
✅ August 2025 - India: A bio-SAF startup raised US$45 million Series B to build commercial-scale HEFA production facilities.

Market Dynamics & Key Insights
✅ Accelerated airline SAF offtake agreements and blending mandates in the U.S., Europe, and Asia-Pacific, with several carriers committing to 10%+ SAF blends by 2030.
✅ Surge in policy support and subsidies for bio-SAF in Japan, India, and China, driving domestic production capacity and feedstock supply chain development.
✅ Increased focus on waste-based and power-to-liquid (PtL) pathways to meet long-term SAF targets while addressing feedstock competition with food and other sectors.

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Segmentation
By Type
The HEFA-SPK (Hydroprocessed Esters and Fatty Acids - Synthetic Paraffinic Kerosene) segment dominates the bio-based sustainable aviation fuel market, accounting for 62% of the total market share. Its leadership is driven by commercial maturity, wide ASTM certification, and seamless compatibility with existing aircraft engines and airport infrastructure. HEFA-SPK is produced primarily from used cooking oil, animal fats, and vegetable oils, making it the most scalable and widely adopted SAF pathway worldwide.
The FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene) segment holds a 21% market share. This pathway converts biomass or waste into synthetic kerosene through gasification and Fischer-Tropsch synthesis. FT-SPK benefits from feedstock flexibility and strong alignment with waste-to-fuel initiatives, supporting steady adoption, particularly in regions investing in circular economy models.
The ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene) segment accounts for 11% of the market share. It utilizes bio-alcohols such as ethanol and isobutanol derived from agricultural feedstocks. While still in the scale-up phase, ATJ-SPK is gaining traction in regions with strong bio-ethanol infrastructure and supportive renewable fuel policies.
The Co-processing segment represents 4% of the market share. This approach integrates bio-based feedstocks into existing petroleum refining processes, offering lower capital requirements and faster deployment. However, limitations in bio-content blending restrict its overall contribution.
The Others segment holds the remaining 2% share, encompassing emerging and experimental SAF production technologies. These pathways are largely at pilot or demonstration stages but present long-term growth potential as technologies mature.
By Application
The Commercial Aircraft segment accounts for the largest share at 78%, driven by high fuel consumption volumes, airline decarbonization commitments, and regulatory mandates for emission reduction. Major airlines are the primary adopters of bio-based SAF, making commercial aviation the backbone of market demand.
The Military Aviation segment holds a 12% market share. Defense organizations are increasingly incorporating SAF to enhance fuel security, operational resilience, and sustainability objectives, supporting consistent demand growth.
The Private Jets segment represents 6% of the market share. Adoption is driven by sustainability initiatives among business aviation operators and corporate flight departments, although overall fuel volumes remain limited compared to commercial aviation.
The Other Applications segment, including cargo aircraft, helicopters, and specialized aviation operations, accounts for the remaining 4% share. While currently small, this segment is expected to expand as SAF availability improves.

Regional Analysis
North America leads the global bio-based sustainable aviation fuel market with a 38% share, supported by strong policy incentives, airline sustainability commitments, and well-developed feedstock and production infrastructure.
Europe holds a 31% market share, driven by strict environmental regulations, SAF blending mandates, and aggressive aviation decarbonization targets across the region.
The Asia-Pacific region accounts for 18% of the global market share. Rapid growth in air passenger traffic, increasing government support, and expanding biofuel production capacity are strengthening the region's position.
South America represents 7% of the market share, supported by abundant agricultural feedstocks and a well-established biofuel ecosystem, particularly in ethanol-producing countries.
The Middle East & Africa region holds the remaining 6% share. Although current adoption is limited, rising investments in sustainable aviation infrastructure and energy diversification are expected to support gradual growth.

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