By-Product and Waste Valorization in the Sea Food Industry: A Sustainable Business Model and Hybrid Organizations Perspective

Abstract: There is a growing interest in sustainable entrepreneurship, fueled by the urgent need to address environmental challenges and global societal issues. This study explores the entrepreneurial opportunities presented by seafood waste valorization, as it offers potential solutions to both environmental concerns and the need for resource-efficient production. By examining the link between sustainable business models, sustainable entrepreneurship, and hybrid organizations, this research aims to identify strategies that can create a sustainable impact through seafood waste valorization. To investigate this emerging field, a multiple case study approach is employed. The cases selected represent various seafood waste valorization initiatives across different regions and market contexts. Through a comprehensive analysis of these cases, this research uncovers the opportunities and difficulties for multidimensional value creation in sustainable seafood waste valorization. The findings highlight that a sustainable value proposition must go beyond mere sustainable consciousness. Successful ventures in seafood waste valorization actively engage in efforts to build value-sharing relationships with stakeholders, such as suppliers, customers, and local communities. Moreover, regional regulatory environments and market dynamics play a crucial role in shaping strategies for sustainable development. Leveraging the biggest sustainable impact often requires addressing the largest markets while considering the unique regional context. This study contributes to the literature on sustainable entrepreneurship by exploring the specific entrepreneurial context of seafood waste valorization. The results provide insights into the key factors and strategies that enable entrepreneurs to create sustainable impact in this field. By offering a comprehensive understanding of the opportunities and challenges associated with seafood waste valorization, this research can guide entrepreneurs, policymakers, and other stakeholders in developing sustainable solutions and fostering environmental sustainability in the seafood industry.