In Canada, Statifacts reported that the global biofuels market size was evaluated at $110.9 billion in 2024 and is estimated to reach $326.42 billion by 2034.
The research firm noted that the market is expected to grow at a CAGR of 11.4% during the forecast period from 2025 to 2034.
“North America dominated the global biofuels market in 2025. Growing initiatives for suitable regulatory measures & research endeavors, growing dependence on reducing greenhouse gas emissions, and increasing popularity as an eco-friendly fuel for road transportation are driving the growth of the market in the North American region,” the report stated.
“Asia Pacific is anticipated to grow at the fastest rate in the market during the forecast period. Trend towards contactless interactions, the healthcare sector’s expansion, growing adoption of cloud technology, and increasing demand for automation in appointment management are contributing to the biofuels market in the Asia Pacific region,” it added.
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