26 February 2018

The bioeconomy comprises those parts of the economy that use renewable biological resources from land and sea – such as crops, forests, fish, animals and micro-organisms – to produce food, materials and energy. In 2016, a study conducted by nova-Institute on behalf of the Bio-based Industries Consortium (BIC) showed for the first time which macroeconomic effects are generated by these activities, e.g. turnover, employment etc. for the years 2008 and 2013. This study has now been updated with data for 2014 and 2015.