Torrefied Pellets Market Expands at 10.4% CAGR as Biomass Gains Traction in Power and Industrial Sectors"
Global torrefied pellets market, valued at USD 61.10 million in 2024, is projected to expand at a CAGR of 10.40%, reaching USD 110.63 million by 2030. This growth reflects increasing global demand for sustainable energy alternatives as industries transition toward carbon-neutral solutions. Torrefied pellets offer superior energy density and handling characteristics compared to traditional biomass, making them particularly valuable in co-firing applications for power generation.
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