Sustainable Aviation Fuel Market Set to Soar Past USD 10090.39 Billion by 2030
The global Sustainable Aviation Fuel market size is expected to reach USD 10090.39 billion by 2030 and exhibit a CAGR of 25.3% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing adoption of e-commerce and digital platforms, changing consumer lifestyles and preferences, convenience and time-saving benefits, availability of various products, and improved logistics and delivery infrastructure is fueling the market’s growth.
Westford, USA, Jan. 18, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Sustainable Aviation Fuel market, increased adoption of mobile shopping and apps, growth of omnichannel retailing, the rise of subscription-based models and meal kits, focus on personalized shopping experiences, expansion of Sustainable Aviation Fuel delivery services, integration of AI and machine learning in inventory management and recommendation systems, emphasis on sustainable packaging and eco-friendly practices, the emergence of virtual grocery stores and dark stores, growing popularity of click-and-collect services, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Sustainable Aviation Fuel Market”
- Pages – 157
- Tables – 63
- Figures – 77
Sustainable aviation fuel (SAF) is a biofuel that is used to power aircraft. SAF is made from renewable sources, such as waste cooking oil, agricultural waste, and algae. SAF has a lower carbon footprint than conventional jet fuel, and it can help to reduce the aviation industry’s impact on the environment.
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Prominent Players in Sustainable Aviation Fuel Market
- Aemetis
- Avfuel
- CleanJoule
- Fulcrum Bioenergy
- Gevo
- LanzaTech
- Neste
- OMV
- Preem
- Sasol
- SkyNRG
- Twelve
- World Energy
- Air France-KLM
- Airbus
- Amazon Air
- Boeing
- Etihad Airways
- FedEx
- United Airlines
- UPS
Packaged Foods Demand to Grow Substantially in the Forecast Period
Packaged foods dominated the global online market as they are widely used for their long shelf life and convenience. With busy lifestyles and the need for easily accessible food options, packaged foods have a significant market share in the Sustainable Aviation Fuel segment.
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Individual Consumer is the Leading Application Segment
In terms of application, the individual consumer is the leading segment due to the increasing demand for convenience. In addition, Sustainable Aviation Fuel platforms typically offer a vast selection of products, including fresh produce, packaged foods, household essentials, and specialty items. This extensive product variety appeals to consumers with diverse preferences and specific dietary requirements. The availability of a wide range of options encourages consumers to make online purchases.
North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. Consumers in North America have embraced online shopping across various sectors, including groceries. There is a high level of digital literacy and comfort with online transactions among North American consumers. This consumer readiness and willingness to adopt Sustainable Aviation Fuel shopping have contributed to the region’s dominance.
A recent report thoroughly analyzes the major players operating within the Sustainable Aviation Fuel market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Sustainable Aviation Fuel.
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Key Developments in Sustainable Aviation Fuel Market
- In February 2023, according to Frederic Combes, vice president of Airbus India and South Asia, Airbus is willing to create an ecosystem that supports Sustainable Aviation Fuel (SAF) in order to decarbonize the aviation sector.
Key Questions Answered in Sustainable Aviation Fuel Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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