Dr. Hordur G. Kristinsson Chief Science and Innovation Officer · Dr. Hordur G. Kristinsson...

Disruptive trends in the bioeconomy- From „waste“ to value

Dr. Hordur G. KristinssonChief Science and Innovation Officer

©MatísDr. Hordur G. Kristinsson

Top trends in the blue bioeconomy sector?

Full utilization/No „waste“Sustainability

New species & biodiversity

Marine foods as „superfoods“

Automation & emerging technologies

Diversified aquaculture

Efficient and transparent value chain

Marine biotechnology

Innovative marketing

Wild vs. cultured?New feed sources

Bioactives

Reducing environmental impact

Consumer driven product development

E-commerce and social media

Information technology (IT)


4.2% 3.7%

71% of the earth’s surface is covered by water, from where only 4% of global food production is derived (SOFIA 2016)

The situation today....


Highly inefficient value chain

Biomass lost as discards at sea 8% on average• EU finfish discards 20-60%

Utilization in processing of finfish 30-75%• Common to have 40% utilization for finfish

Biomass wasted in retail, distribution and at consumer level 35%

21% of what comes aboard the vessel is in the end consumed by humans


Bio-based ingredients are in high demand

Dietary supplements

$90 billion globallyCAGR 6-7%

Sports nutrition

$7 billion in USA (83%)CAGR 13%

Functional foods

$37 billion in USACAGR 3%

Beauty/personal care

$433 billionCAGR 4-6%

„Natural“ „Sustainable“ „Environmentally friendly“

„Free-from“ „Unique“ „Pure“ „Renewable“


Developing and Fast Growing Market


Changing demographics


The Icelandic Case


From wood to foodOpportunities across sectors


The hurdles?

• Low investment in commercialization and scale-up of infrastructures• Limited market know-how, marketing and sales know-how• Sourcing and safety considerations• More (strategic) research funding?• Educating the next generation


Need a coordinated international effort

Organic acids

Polyphenols

Fatty acidsPolysaccharides

MonosaccharidesEnzymes Peptides

Proteins Secondarymetabolites

Specialtychemicals

Biofuel & feed (residuals)

Platformchemicals

Primary products(fractionation)

Single cell protein

Enzymatic

Microbial (metabolic engineering)

Secondary products(bioconversion)

Oligosaccharides

“Blue” Biorefinery


The future of how we get our fish??

“Our objective is to create seafood sustainably using scientific cellular agriculture technologies, which will provide a cost-effective and healthier appetizing alternative to conventionally-caught and commercially-farmed seafood.”

Dr. Hordur G. Kristinsson Chief Science and Innovation Officer · Dr. Hordur G. Kristinsson...

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