How big is the bio energy market | Full Market Overview

Q: What is the size of the bio energy market?

The Bio energy market size was valued approximately USD 141 billion in 2024 and is projected to reach USD 266 billion by 2031.

Q: What are the key drivers of the bio energy market's growth?

Supportive government policies, rising fossil fuel costs, climate goals, and technological innovation in biomass and waste-to-energy sectors.

Q: What trends are shaping the future of the bio energy industry?

Growth in second-gen biofuels, BECCS integration, bio-CNG for transport, and sustainable aviation fuel development are major trends.

Q: What is the future outlook of the global bio energy market?

The market is set for strong growth, especially in transportation and power sectors, as nations move toward decarbonization and energy independence.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4820

Publication Date: Jul 2025

How big is the Bio Energy Market?

According to 6Wresearch internal database and industry insights, the Global bio energy market was estimated at USD 141 billion in 2024 and is anticipated to reach USD 266 billion by 2031, growing at a CAGR of 9.6% during the forecast period 2025–2031.

Due to rising environmental awareness, government support for clean energy, and increasing demand for renewable alternatives of fossil fuels in power generation, transportation, and industrial sectors, the bio energy market is expected for the growth in the coming years.

Key Growth Factors of the Bio Energy Market

Government incentives and renewable energy mandates across regions
Rising concerns over carbon emissions and climate change
Increasing adoption of biofuels in transportation and aviation sectors
Rapid industrialization driving demand for biomass-based heat and power
Advances in bio-refinery and waste-to-energy conversion technologies

Bio Energy Market Trends

The market is witnessing a strong shift toward second-generation biofuels made from non-food biomass and waste materials, offering improved sustainability. The investment is continued rising in bioenergy with carbon capture and storage (BECCS) to achieve net-negative emissions.
Other notable trends include the decentralized biomass power generation, biogas for rural electrification, and bio-CNG for clean urban mobility are becoming key focus areas. Furthermore, digital monitoring systems and IoT-integrated biomass plants are enhancing operational efficiency and traceability in energy production.

Emerging Developments in the Bio Energy Market

Market is developing with public and private partnerships for advanced biofuel plants, integration of AI and automation in biorefineries, and significant investments in algae-based biofuels. Governments are also supporting with the launch of roadmaps to phase out fossil fuels and scale up sustainable aviation fuel (SAF). Further, the energy companies are also exploring circular bioeconomy models, where bioenergy coexists with chemical recovery and nutrient recycling.