The energy sector accounts for three-quarters of the greenhouse gas emission happening around the world. So, it is necessary to move toward a sustainable fuel with minimal carbon emissions to mitigate the rise in global temperature. Bioenergy is considered an effective resource to satisfy the rising global energy demand with minimal carbon emissions. The presence of proven and well-mature technology to convert biomass into various forms of fuels and chemical products provides an upper hand to bioresources over other energy sources. However, the rise in the cost of feedstocks, transportation cost of low-density bioresources, and lack of reliable biomass supply chain network has made them least preferred when compared to solar and wind energy technologies. Hence, it is important to access the scope for commercialization of biomass-based products, which will aid in framing policies to create a sustainable market for them. © 2024 Elsevier Inc. All rights reserved.