BlueNalu, a leader in the development of cell-cultured seafood, announced that it has unlocked the path to significant profitability in its first large-scale facility due, in part, to a series of breakthrough technologies. These technologies are expected to drastically reduce both operating and capital costs for large-scale production, and when combined with the company's premium product and market focus, will enable a projected 75% gross margin. The company’s first product will be bluefin tuna toro, a highly prized and specialty portion that commands premium pricing across global markets.
In order to achieve commercial viability, the cell-cultured protein industry must overcome considerable technology challenges as determined by industry experts. These commonly known challenges include scalable cell growth technologies; the development of food-grade raw materials; production methods that enable regulatory approval and consumer adoption; and processes that support continuous volume production. In view of these challenges, species selection, product format and market fit are critical factors in the profitability equation.