Market Size of Brazil Biofuel Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 46.54 Million cubic meters |
| Market Volume (2029) | 55.25 Million cubic meters |
| CAGR (2024 - 2029) | 3.49 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Biofuel Market Analysis
The Brazil Biofuel Market size is estimated at 46.54 Million cubic meters in 2024, and is expected to reach 55.25 Million cubic meters by 2029, growing at a CAGR of 3.49% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020. Presently, the market has now reached pre-pandemic levels.
- Over the long term, the major driving factors are supportive government policies and collective steps taken across the globe to curb climate change, along with the depletion of fossil fuels and price volatility.
- However, the ethanol feedstock supply decline is expected to slow down the market growth during the forecast period.
- New and emerging applications for biofuel consumption, such as power generation, aviation, and marine, and various developments in advanced biofuel technology are expected to create many opportunities in the country's biofuel market soon.
