Market Snapshot:
Food scanning technology combines the use of software and hand-held devices to scan the food and analyze its micronutrients, calories, and other compositions of food. Increased focus on a healthy diet and concern about food safety & quality worldwide will boost the demand for food scanning technology. Further, increased adoption of pocket-sized devices or mobile applications at supermarkets to scan food products and get nutritional information will accelerate the market growth.
Highlights from Food Scanning Technology Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
The key Players profiled in the report are Tellspec Inc. (Canada), MyFitnessPal (Under Armour) (United States), Lifesum (Sweden), Yuka (France), Robert Bosch (Germany), Spectral Engines Oy (Finland), DietSensor, Inc. (United States) and JollyGut (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Food Scanning Technology market presents a comprehensive analysis of the Food Scanning Technology market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Food Scanning Technology industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Food Scanning Technology market
Analyst at AMA have segmented the market study of Global Food Scanning Technology market by Type, Application and Region.
Influencing Trend:
Increasing Innovation and Development of AI-based Food Scanning Technology
Market Growth Drivers:
Increased Adoption of Food Scanner Technology by the Food Tasting Labs and Increased Funding by the Governments to Meet the Food Safety and Quality
Challenges:
Food Scanners are not Applicable for Some Type of Food
Restraints:
High Cost Associated with Technologically Advanced Food Scanners and Inadequate Budget
Opportunities:
Growing Popularity of Food Scanning Mobile Apps Among Individuals
Market Developments Activities:
In November 2023, Apeel Sciences, a company developing plant-based coatings to extend shelf life, announced a partnership with NotCo, a plant-based food company, to integrate Apeel's technology into NotCo's products. This could lead to improved food traceability and reduced food waste through extended shelf life.
On November 15, 2023, Apeel Sciences unveiled its "ApeelGuard" technology, a plant-based coating that extends shelf life and can be integrated with food scanning systems for better traceability.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Key Target Audience
Food Scanning Technology Providers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations, End-users, New Entrants/Investors and Others