VALUE-ADDED AGRICULTURAL BIO-BUSINESS DEVELOPMENT IN EUROPEAN COUNTRIES

Abstract

The aim of the paper is to analyse value added agricultural bio-business trends and its development perspectives in Europe. The research includes theoretical insights of value-added bio-business, value-added agriculture bio-business trends and development opportunities, comparing value added statistical tendencies in European countries, exploring the perspectives of agricultural bio-business development. Two billion tons of biomass are made in Europe yearly. In total biomass intake 44% is used for feed, 21% for food, 19% for processing and 12% for energy production (Lovric et. all., 2020). The research reveals that gross value added at current prices in European Union has an increasing tendency, ac18 cording to 2010-2018 data as well as gross value added of the agricultural production at basic prices at the period 2008- 2019. Most European countries have a potential for value added agricultural bio-business development. Lithuania, Poland, and Netherlands have different political, economic, socio-cultural, and technological environment and its conditions for bio-business development, but they are tending to be positive in terms of value-added agricultural bio-business. [ABSTRACT FROM AUTHOR]