Market Overview:
The global food scanning technology market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food scanning technology from hotels and restaurants, food testing laboratories, and other end-users. The software segment is expected to account for the largest share of the global food scanning technology market in 2018, followed by the scanning device segment. North America is expected to account for the largest share of the global food scanning technology market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Food scanning technology is a process of using sensors to detect and measure the amount of food present in a dish. This information can be used to help control portion sizes and track calorie intake. Food scanning technology can also be used to create recipes that are tailored to individual dietary needs or preferences.
Software:
Software is the core of any food scanning technology. It's used in all types of equipment ranging from handheld devices to large automated systems. The software provides information about the food product and also helps in maintaining records which can be further analyzed by nutrition experts for determining health benefits or defects of a particular product.
The global market for software was estimated at USD 1,270 million in 2016.
Scanning Device:
A scanning device is a tool that is used to detect the presence of food materials such as fats, oils, moisture, and others on various types of foods. It works on the principle of X-ray fluorescence or electromagnetic radiation. The basic working principle behind these devices is based on detecting the micro-organisms present in food products through analyzing their radiations or frequencies.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in government regulations related to food safety and quality across various industries, including hospitality, retail, manufacturing and agriculture. Furthermore, rising demand for packaged foods has led to an increased need for product inspection that can only be performed using technology such as this one.
Hotels and restaurants was the most dominant application segment in 2017 owing to high adoption rates among small & medium-sized businesses (SMBs). SMBs are particularly adopting these devices due to their ease of use along with low cost per scan; they do not require separate device or staff costs as it is done by tablet PCs or laptops used by professionals at food preparation areas within hotels or restaurants. These factors are expected fuel market growth over the next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and high adoption rate for new technologies. The region is expected to maintain its dominance over the forecast period due to increasing demand for food scanning technology from various application areas such as hotels and restaurants, food testing laboratories, others.
The Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing government initiatives in developing economies such as India and China aimed at improving agricultural practices. These initiatives include installation of advanced equipment that can scan produce on farms which will help farmers deal with produce quality issues more efficiently resulting in better profits for producers. This factor is also expected drive regional growth over next eight years.
Growth Factors:
- Increasing demand for food scanning technology from the food and beverage industry to ensure product quality and safety.
- Growing adoption of food scanning technology by restaurants, hotels, and other institutional catering segments to improve their menu offerings and customer satisfaction levels.
- Rising demand for portable food scanners from individual consumers for at-home use to detect adulteration in foods.
- Proliferation of online retail platforms that are offering a wide range of scanned food products, which is driving the demand for this technology among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Scanning Technology Market Research Report
By Type
Software, Scanning Device
By Application
Hotels and Restaurants, Food Testing Laboratories, Others
By Companies
Tellspec, Spectral Engines, Yuka, FoodSmart, Bosch, DietSensor, Nima Labs, Inspect OC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Food Scanning Technology Market Report Segments:
The global Food Scanning Technology market is segmented on the basis of:
Types
Software, Scanning Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotels and Restaurants, Food Testing Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tellspec
- Spectral Engines
- Yuka
- FoodSmart
- Bosch
- DietSensor
- Nima Labs
- Inspect OC
Highlights of The Food Scanning Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Scanning Device
- By Application:
- Hotels and Restaurants
- Food Testing Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Scanning Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food scanning technology is a process that uses sensors to detect and identify food items on an electronic device. This information can then be used to create a list of items that have been consumed, which can be helpful in tracking diet and nutrition.
Some of the major players in the food scanning technology market are Tellspec, Spectral Engines, Yuka, FoodSmart, Bosch, DietSensor, Nima Labs, Inspect OC.
The food scanning technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Scanning Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Scanning Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Scanning Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Scanning Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Scanning Technology Market Size & Forecast, 2018-2028
4.5.1 Food Scanning Technology Market Size and Y-o-Y Growth
4.5.2 Food Scanning Technology Market Absolute $ Opportunity
Chapter 5 Global Food Scanning Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Scanning Technology Market Size Forecast by Type
5.2.1 Software
5.2.2 Scanning Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Scanning Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Scanning Technology Market Size Forecast by Applications
6.2.1 Hotels and Restaurants
6.2.2 Food Testing Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Scanning Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Scanning Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Scanning Technology Analysis and Forecast
9.1 Introduction
9.2 North America Food Scanning Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Scanning Technology Market Size Forecast by Type
9.6.1 Software
9.6.2 Scanning Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Scanning Technology Market Size Forecast by Applications
9.10.1 Hotels and Restaurants
9.10.2 Food Testing Laboratories
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Scanning Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Food Scanning Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Scanning Technology Market Size Forecast by Type
10.6.1 Software
10.6.2 Scanning Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Scanning Technology Market Size Forecast by Applications
10.10.1 Hotels and Restaurants
10.10.2 Food Testing Laboratories
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Scanning Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Scanning Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Scanning Technology Market Size Forecast by Type
11.6.1 Software
11.6.2 Scanning Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Scanning Technology Market Size Forecast by Applications
11.10.1 Hotels and Restaurants
11.10.2 Food Testing Laboratories
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Scanning Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Scanning Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Scanning Technology Market Size Forecast by Type
12.6.1 Software
12.6.2 Scanning Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Scanning Technology Market Size Forecast by Applications
12.10.1 Hotels and Restaurants
12.10.2 Food Testing Laboratories
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Scanning Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Scanning Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Scanning Technology Market Size Forecast by Type
13.6.1 Software
13.6.2 Scanning Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Scanning Technology Market Size Forecast by Applications
13.10.1 Hotels and Restaurants
13.10.2 Food Testing Laboratories
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Scanning Technology Market: Competitive Dashboard
14.2 Global Food Scanning Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tellspec
14.3.2 Spectral Engines
14.3.3 Yuka
14.3.4 FoodSmart
14.3.5 Bosch
14.3.6 DietSensor
14.3.7 Nima Labs
14.3.8 Inspect OC
