In India, local market research firm Exactitude Consultancy stated that the global sustainable aviation fuel market is projected to reach $ 9.78 billion by 2029, growing at a CAGR of 60.8% from 2023 to 2029. According to the report, the market was valued at $ 84.70 million in 2022. “North America is expected to expand at a CAGR of 60.94% during the forecast period, making it the largest shareholder in the global market for sustainable aviation fuel. The market for sustainable aviation fuel in North America is driven by demand from industrialized nations like the United States and Canada,” the report states. Europe is expected to grow at a CAGR of 59.88%, according to the research firm. “Asia-Pacific is anticipated to experience substantial growth. The Asia-Pacific market for sustainable aviation fuel is mainly driven by the demand for air cargo transport throughout the region.”
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