Food Tech Revolution!

Will we eat conventional meat at all in the future? Much less than today, says BlueNalu CEO and founder Lou Cooperhouse. At the European Foodservice Summit, he spoke about food tech record investments and the prospects of disruptive foods.

© Thomas Fedra

Food tech is not just a trend, food tech is our future. At the 23rd European Foodservice Summit, Blue-Nalu founder and CEO Lou Cooperhouse explained why this is so and what growth potential lies in this still young segment.

Lou Cooperhouse is co-founder, president and CEO of BlueNalu, a leading provider of cell-cultured seafood. His expertise in the field of food innovation as well as the commercialization of forward-thinking technologies has earned him worldwide recognition. Most recently, Cooperhouse served as CEO of Food Spectrum, LLC, where he provided a broad range of strategic consulting and business management expertise to the food industry. He also founded the Rutgers University Food Innovation Center (FIC), which he led as executive director for more than 15 years.
Lou Cooperhouse is co-founder, president and CEO of BlueNalu, a leading provider of cell-cultured seafood. His expertise in the field of food innovation as well as the commercialization of forward-thinking technologies has earned him worldwide recognition. Most recently, Cooperhouse served as CEO of Food Spectrum, LLC, where he provided a broad range of strategic consulting and business management expertise to the food industry. He also founded the Rutgers University Food Innovation Center (FIC), which he led as executive director for more than 15 years.
@ BlueNalu
Consumer behavior has changed significantly in recent years - also and especially in the consumption of food. While taste continues to be the No. 1 criterion in purchasing decisions, according to Lou Cooperhouse, other attributes are increasingly playing a role: convenience, quality, but also health and functional benefits, as well as cost considerations. In addition, consumers want products to meet requirements such as sustainability, social responsibility, transparency, authenticity or fair trade, whild they should also contain few ingredients or be animal-free.
@ Lou Cooperhouse


At the same time, " eco-anxiety", i.e. the fear of ecological doom, is weighing on many young people. Their food choices are one way to counteract this problem, Cooperhouse said. He is convinced:
With the help of technical advancements, food tech is delivering new solutions for the things consumers are looking for today.
Lou Cooperhouse, BlueNalu

That he is not alone in this assessment is illustrated by the immense investments that food tech companies were able to record in 2021 alone: 39.9 billion dollars were invested last year as part of 1,358 deals (source: PitchBook). According to Food Dive, nine of the ten largest funding rounds across the food sector last year went to alternative protein and technology-enabled food companies.

According to Cooperhouse, food tech can be divided into four segments:
The 4 P's of Food Tech
Protein-Tech
Disruptive ways of producing pork, poultry, beef and seafood 

Produce-Tech
Innovative year-round, automated solutions for growing fruits and vegetables

Placement-Tech
Novel B2B and B2C distribution systems leveraging AI, home delivery, cloud kitchens, on-demand food trucks, robotics, etc.

Personalization-Tech
Pioneering personalized diets and precision nutrition through genomics, metabolic profiling and AI


The area of alternative proteins (global protein supply chains) in particular is currently seeing a great deal of research and investment. This is where most disruptive innovations are found. Cooperhouse distinguishes between the following subcategories, each with different levels of maturity:
© Thomas Fedra


1st generation: plant based
This is about solutions based on plants or fungi that either imitate the taste characteristics of conventional meat, poultry or seafood products or focus on the plang or fungi material itself.

2nd generation: fermentation tech
The development focus here is mainly on ingredients produced by genetic engineering or with the aid of fermentation, such as milk proteins, animal fats, egg whites, etc., which are also used as ingredients for other alt-protein products.

3rd generation: cell-cultured
Genuine animal product (meat/poultry/fish/seafood) produced by cultivating animal cells. Cells are arranged in the same or similar structure as animal tissue, replicating the sensory and nutritional profiles of conventional meat.

© GFI
The potential of these disruptive products is enormous, underlined Cooperhouse, whose company BlueNalu is researching cell-based proteins with the aim of offering cell-cultured tuna to the top gastronomic segment in the near future. According to market forecasts by management consulting firm Kearny, by 2040 only 40 percent of global meat consumption will come from conventional production, while 25 percent will be plant-based and 35 percent cultured proteins. This would represent an average annual growth rate of 41 percent for cell-based meat.

The shift from plant-based to the previously less established production areas of fermentation and cell-cultured is already underway, Cooperhouse said. According to analysis by the Good Food Institute, investment volumes for cell-culture and fermentation technologies have exceeded those for plant-based solutions since 2021. (2021 investment volume total: $5 billion, of which: $1.93 billion plant-based; $1.7 billion fermentation; $1.38 billion cell-cultured).

© BlueNalu
The CEO used BlueNalu as an example to explain why this type of protein generation is not only animal-friendly and protects the environment, but at the same time brings greater security for foodservice operations and consumers. A vertically integrated seafood ecosystem, for example, promises foodservice operators reliable product availability and quality, as well as securely calculable prices. Numerous external influencing factors can be decimated. Consumers benefit from clear indications of origin and safe food, e.g. seafood that is not only free of mercury, microplastics or other contaminants, but that they can also enjoy with a clear conscience (e.g. no overfishing, no bycatch).

So, the course for the right path has been set. Already today, as Cooperhouse showed with numerous examples from the 4P segments, the food tech landscape is extremely diverse. The willingness to invest is high. So is the interest of the foodservice industry: of 91 survey participants (Mentimeter) at the European Foodservice Summit 2022, 67 percent said they would offer cell-based meat in their restaurants if it were readily available.
FOODSERVICE
stats