Middle East & Africa Wood Pellets Market Size & Outlook

The wood pellets market in Middle East & Africa is expected to reach a projected revenue of US$ 13.8 million by 2030. A compound annual growth rate of 7.1% is expected of Middle East & Africa wood pellets market from 2024 to 2030.
Revenue, 2023 (US$M)
$8.6
Forecast, 2030 (US$M)
$13.8
CAGR, 2024 - 2030
7%
Report Coverage
Middle East & Africa

MEA wood pellets market highlights

  • The MEA wood pellets market generated a revenue of USD 8.6 million in 2023.
  • The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
  • In terms of segment, power generation was the largest revenue generating application in 2023.
  • Heating is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.


MEA data book summary

Market revenue in 2023USD 8.6 million
Market revenue in 2030USD 13.8 million
Growth rate7.1% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentHeating
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHeating, Power Generation, CHP
Key market players worldwideEnviva Inc, Drax Group PLC, Highland Pellets, Energix-Renewable Energies Ltd, Graanul Invest, Pinnacle Financial Partners Inc, Sinclair Inc Ordinary Shares - Class A, Lauzon, The United Company, Pellet Group, Groupe SEB, LACROIX group


Other key industry trends

  • In terms of revenue, MEA region accounted for 0.1% of the global wood pellets market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,556.5 million by 2030.

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Wood Pellets Market Companies

Name Profile # Employees HQ Website

Middle East & Africa wood pellets market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood pellets market will help companies and investors design strategic landscapes.


Power generation was the largest segment with a revenue share of 73.26% in 2023. Horizon Databook has segmented the Middle East & Africa wood pellets market based on heating, power generation, chp covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Middle East & Africa wood pellets market databook

  • Our clientele includes a mix of wood pellets market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa wood pellets market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA wood pellets market size, by country, 2018-2030 (US$M)

Middle East & Africa Wood Pellets Market Outlook Share, 2023 & 2030 (US$M)

MEA wood pellets market size, by country, 2018-2030 (US$M)

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