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Global Food Scanning Technology Market Set to Reach $2.16 Billion by 2030 with 7.3% CAGR | Valuates Reports

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BANGALORE, India, May 16, 2025 /PRNewswire/ — Food Scanning Technology Market is Segmented by Type (Software, Scanning Device), by Application (Hotels and Restaurants, Food Testing Laboratories).

The Global market for Food Scanning Technology was estimated to be worth USD 1326 Million in 2023 and is forecast to a readjusted size of USD 2162.6 Million by 2030 with a CAGR of 7.3% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Food Scanning Technology Market:

The food scanning technology market is gaining momentum as food producers, retailers, and regulators prioritize safety, transparency, and quality assurance. Rising consumer awareness, evolving dietary demands, and stricter regulations fuel the adoption of innovative scanning devices and software platforms. The market is driven by a blend of health consciousness, real-time diagnostics, and globalization of food distribution networks. As food safety becomes a public health imperative, scanning technologies offer scalable, accurate, and efficient solutions for all stakeholders. Continued investment in integration, portability, and sustainability ensures that food scanning systems will remain central to the evolving global food ecosystem.

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TRENDS INFLUENCING THE GROWTH OF THE FOOD SCANNING TECHNOLOGY MARKET:

Software plays a crucial role in accelerating the growth of the food scanning technology market by enabling intelligent data processing, user-friendly interfaces, and real-time decision-making. Advanced software platforms allow for seamless integration between scanning devices and centralized monitoring systems, improving traceability and regulatory compliance. Through AI algorithms and machine learning, software can detect patterns in food composition, contamination risks, and quality deviations. These capabilities support automation, reduce human error, and enable fast analysis in food processing facilities, retail points, and supply chains. The continuous evolution of software with customizable features and analytics dashboards attracts food manufacturers and testing labs seeking efficiency and accuracy. Thus, software is central to enhancing functionality and expanding adoption across the food scanning ecosystem.

Scanning devices form the foundation of the food scanning technology market, directly enabling real-time inspection of food safety, authenticity, and nutritional content. These devices, ranging from handheld scanners to integrated sensor modules, are becoming essential tools in processing plants, packaging facilities, and retail outlets. The demand for non-destructive, fast, and portable scanning solutions has grown with increasing food safety regulations and consumer awareness. Technological advancements in hyperspectral imaging, NIR (Near Infrared) scanning, and biosensors allow precise detection of contaminants, allergens, and spoilage indicators. Scanning devices also facilitate better inventory management by monitoring freshness and shelf-life. Their reliability, speed, and ease of deployment are key to expanding the market across the global food supply chain.

Food testing laboratories are pivotal in driving demand for food scanning technology by acting as the central nodes for quality control and certification. These labs rely on advanced scanning technologies to validate food safety, nutritional claims, and regulatory compliance. With increasing concerns over adulteration, pesticide residues, and pathogen outbreaks, testing labs require high-throughput, precise scanning tools to handle large sample volumes efficiently. Moreover, labs collaborating with food manufacturers and exporters ensure that products meet both domestic and international safety standards. The expanding global food trade, along with stricter inspection protocols, has elevated the significance of these laboratories. Their reliance on reliable and rapid scanning systems drives innovation and sustains the growth trajectory of the market.

The growing concerns over food safety due to contamination, adulteration, and mislabeling have intensified the demand for reliable scanning technologies. Governments and international bodies are enforcing strict safety regulations, pushing manufacturers to invest in tools that ensure compliance and transparency. Consumers are increasingly conscious of what they consume, expecting brands to validate food origin, freshness, and nutritional integrity. Food scanning systems provide accurate, real-time analysis without compromising the product, enhancing safety throughout the supply chain. This heightened vigilance surrounding food safety acts as a consistent growth driver, compelling businesses to adopt sophisticated scanning technologies for operational integrity and consumer trust.

Modern consumers demand clarity regarding food ingredients, sourcing, and processing methods. This has led to a surge in clean-label products and a corresponding need for food scanning technologies that validate product claims. Scanning tools can verify organic certification, detect synthetic additives, and assess nutritional profiles, aligning with the market’s emphasis on honesty and traceability. Brands that can back their labels with scanning data gain a competitive edge and consumer loyalty. Retailers and manufacturers leverage these insights to maintain transparency from farm to shelf. This demand for clarity is pushing technological boundaries and encouraging widespread adoption across both large corporations and emerging food brands.

The growth of online food delivery services, supermarkets, and ready-to-eat food segments has heightened the need for quality assurance at scale. Food scanning technology helps ensure that products meet shelf-life expectations and maintain integrity during transportation. Retailers use scanning tools for stock rotation and freshness checks, reducing food waste and returns. With the accelerated growth of e-commerce, maintaining standardized quality across vast inventories is critical. Scanners integrated into fulfillment centers and distribution networks offer real-time insights, enabling quick corrective actions. This logistical necessity across modern food channels is a major catalyst for the adoption of advanced food scanning systems globally.

The rise in consumer preference for functional foods has created a new dimension for food scanning technologies. These products often include vitamins, probiotics, or other bioactive compounds that require accurate measurement and stability validation. Scanning devices are used to ensure correct formulation, dosage, and shelf-life of such components. Health-conscious consumers expect scientific backing for claims made on packaging, which food scanning technologies can provide. This intersection of food science and consumer wellness is prompting food producers to adopt scanning solutions not just for safety, but also for product differentiation. As the health-focused segment expands, so does demand for precision in food analysis.

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FOOD SCANNING TECHNOLOGY MARKET SHARE

North America and Europe lead in terms of technological deployment and regulatory enforcement, promoting advanced scanning systems across food chains.

Asia-Pacific sees accelerated growth due to rising middle-class consumption and stricter food safety laws.

Key Companies:

TellSpecSpectral EnginesYukaBoschDietSensorNima LabsFoodSmartInspect OC

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–          The global Food Traceability market is projected to reach USD 33660 Million by 2030 from an estimated USD 18090 Million in 2024, at a CAGR of 10.9% during 2024 and 2030.

–          The global Hyperspectral Imaging Technology market is projected to grow from USD 13 Million in 2024 to USD 18 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.

–          Industrial 3D CT Scanning Services Market

–          Industrial Surface Scanning Camera Market

–          The global Online Food Ordering market is projected to grow from USD 63730 Million in 2024 to USD 111680 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.

–          Differential Scanning Calorimetry Systems Market

–          The global market for Product Marking Software was valued at USD 816 Million in the year 2024 and is projected to reach a revised size of USD 1127 Million by 2031, growing at a CAGR of 4.8% during the forecast period.

–          The global market for Food and Beverage Processing Equipment was valued at USD 90540 Million in the year 2024 and is projected to reach a revised size of USD 135630 Million by 2031, growing at a CAGR of 6.0% during the forecast period.

–          The global market for Food Shredding Machine was valued at USD 1694 Million in the year 2024 and is projected to reach a revised size of USD 2399 Million by 2031, growing at a CAGR of 5.1% during the forecast period.

–          The global Food Safety Testing market size is expected to reach USD 20070 Million by 2029, growing at a CAGR of 5.9% from 2023 to 2029.

–          The global market for Smart Food Nutrition Scale was valued at USD 1093 Million in the year 2024 and is projected to reach a revised size of USD 2375 Million by 2031, growing at a CAGR of 11.9% during the forecast period.

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Global AI Leader and Enterprise Transformation Visionary Zeya Ottomone Appointed Chief Executive Officer of Integrow

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Author of Empowered to Execute in the Agentic Era to Lead Next Generation of AI-Powered Enterprise Innovation

ATLANTA, July 24, 2026 /PRNewswire-PRWeb/ — Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

With more than three decades of executive leadership spanning Fortune 500 enterprises, global technology organizations, and enterprise software innovation, Ottomone joins Integrow at a defining moment in the evolution of artificial intelligence.

Widely recognized for helping organizations modernize operations, simplify complex business ecosystems, and deliver measurable transformation outcomes, Ottomone has led some of the industry’s largest enterprise modernization initiatives across ERP, CRM, workforce management, cloud computing, cybersecurity, artificial intelligence, and intelligent automation. His appointment signals Integrow’s commitment to redefining how enterprises execute strategy in the era of autonomous AI.

“Artificial Intelligence is no longer about automation alone, it’s about empowering organizations to execute faster, make smarter decisions, and fundamentally rethink how work gets done,” said Zeya Ottomone, Chief Executive Officer of Integrow. “We’re entering the Agentic Era, where intelligent AI agents become trusted digital teammates capable of planning, reasoning, collaborating and executing alongside people. At Integrow, we’re building the enterprise platform that makes that future practical, secure and measurable for every organization.”

Ottomone is internationally recognized as a leader in enterprise technology, SaaS transformation, digital modernization and AI-enabled business strategy. Throughout his career he has held executive leadership and C-level positions with ABB, Honeywell, AmerisourceBergen, Cable & Wireless, Chicago Tribune and Rimini Street, leading global organizations through large-scale transformation initiatives across North America, Europe, Asia-Pacific and the Middle East. His expertise spans enterprise applications, Salesforce ecosystems, ServiceNow, ERP modernization, customer experience, intelligent operations, data strategy, and the emerging field of Agentic AI.

Before joining Integrow, Ottomone led global SaaS Centers of Excellence focused on enterprise transformation, helping organizations modernize critical business operations while reducing technology complexity and accelerating innovation. A certified Lean Six Sigma Master Black Belt and recognized executive advisor, Ottomone has consistently delivered operational excellence by combining strategic leadership with emerging technologies to create sustainable business value.

His appointment also coincides with the upcoming publication of his new book, Empowered to Execute in the Agentic Era, which explores how organizations can bridge the gap between strategy and execution by leveraging AI, empowering people, and building intelligent enterprises capable of continuous innovation. The book reflects many of the same principles that will guide Integrow’s next phase of growth: human-centered AI, intelligent automation, operational excellence, and measurable business outcomes.

Under Ottomone’s leadership, Integrow will accelerate investment across:

Agentic AIEnterprise AI PlatformsIntelligent ERPAI-powered CRMHuman Capital ManagementIT Service ManagementPredictive AnalyticsAutonomous WorkflowsEnterprise CopilotsIndustry-specific AI Solutions

The company’s vision is to deliver a unified enterprise platform where AI is embedded into every business process, enabling organizations to eliminate operational silos, automate decision-making, increase productivity, and create competitive advantage through intelligent execution. “Zeya represents exactly the type of visionary leader required for the next generation of enterprise software,” said Harvey Nicholson, Chair of Corporate Governance and Member of Integrow’s Board of Directors. “His global experience, deep understanding of enterprise technology, and forward-looking vision for Agentic AI position Integrow to become one of the industry’s most innovative AI-powered enterprise software companies.”

Wayne Gadson, Chair of Growth Strategy, added: “The future belongs to organizations that can execute strategy with intelligence, speed and confidence. Zeya has spent his career helping enterprises achieve exactly that. His appointment marks the beginning of an exciting new chapter for Integrow, our customers and our partners worldwide.” As enterprises face mounting pressure to modernize operations, reduce costs, improve workforce productivity and harness the power of artificial intelligence, Integrow is uniquely positioned to help organizations transform through a single AI-powered enterprise platform that unifies finance, operations, customer engagement, workforce management, projects and service delivery.

“Our mission is simple,” Ottomone concluded. “We don’t believe AI should replace people. We believe AI should elevate people. The organizations that will define the next decade won’t simply adopt AI—they’ll empower every employee to execute better decisions every day. That’s the future Integrow is building.”

About Integrow

Integrow is a global enterprise software company delivering next-generation AI-powered business applications built on Salesforce. The platform unifies ERP, CRM, Human Capital Management, IT Service Management, Project Management, Field Service, Finance and Operations into a single intelligent ecosystem enhanced by Agentic AI.

By embedding artificial intelligence into every workflow, Integrow enables organizations to modernize operations, accelerate innovation, improve decision-making and execute strategy with confidence.

For more information, visit www.integrow.com.

Media Contact

Media Team, Integrow, Inc., 1 855-333-4769, info@integrow.com, www.integrow.com 

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SOURCE Integrow, Inc.

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Lufax Announces Board and Management Changes

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SHANGHAI, July 24, 2026 /PRNewswire/ — Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced changes to its board of directors and senior management, effective July 25, 2026.

Ms. Fangfang Cai (“Ms. Cai”), Mr. Shibang Guo (“Mr. Guo”) and Mr. Peifeng Li (“Mr. Li”) have resigned as non-executive directors of the Company and from their respective positions on the Board’s committees. Mr. Tongzhuan Xi (“Mr. Xi”) has resigned as an executive director, the chief financial officer and the authorised representative of the Company (“Authorised Representative”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Hong Kong Listing Rules”), with effect from July 25, 2026. Each of the four directors cited personal work arrangements as the reason for their resignation and confirmed there is no disagreement with the Board and no matter relating to their departure that needs to be brought to shareholders’ attention.

The Company has begun a search for a new chief financial officer. During the transition, the CFO’s duties will be temporarily assumed by the Company’s internal team to ensure continuity of the Company’s financial functions. Mr. Xiang Ji, an executive director and the Company’s chief executive officer, has been appointed as the Authorised Representative, the Company’s designated liaison with the Stock Exchange under the Hong Kong Listing Rules, in place of Mr. Xi, with effect from July 25, 2026.

The Board has appointed Mr. Wai Kin Chim (“Mr. Chim”) as an independent non-executive director for an initial three-year term commencing July 25, 2026.

Mr. Chim, aged 65, has over 40 years of experience in international banking and extensive board experience in Asia Pacific, having worked in Hong Kong, Singapore and Beijing. He specializes in risk management and internal control, with a strong emphasis on corporate governance, credit risk, market risk and capital management.

Mr. Chim served as a loan officer at Standard Chartered Bank, Hong Kong Branch, from October 1985 to August 1988. He was then employed by Bankers Trust Company, Hong Kong Branch, as a vice president of the Asia Credit Department from September 1988 to October 1996. He subsequently served as the managing director and the chief credit officer for Deutsche Bank AG, a company listed on the Frankfurt Stock Exchange under ticker symbol DBK, for Asia Pacific (non-Japan Asia), from October 1996 to November 2006. He joined Bank of China Limited, a company listed on the Main Board of the Stock Exchange under stock code 3988, as the chief credit officer from March 2007 to March 2015.

Mr. Chim was an independent non-executive director of Standard Chartered Bank (China) Limited from October 2015 to October 2017. He served as an independent non-executive director of HDR Global Trading Limited, owner and operator of the BitMEX digital asset trading platform, from February 2021 to February 2022. Mr. Chim served as a non-executive director of China Chengtong Hong Kong Company Limited from July 2022 to June 2025. Mr. Chim is currently an independent non-executive director of OCBC Bank (Hong Kong) Limited, since November 2017; an independent non-executive director of Banco OCBC (Macau), S.A., since August 2023; an independent non-executive director of China Intellogis Technology Co., Ltd., since June 2024; and a director of Hong Kong Dance Company Limited since June 2026.

Mr. Chim obtained a Bachelor of Science degree from the Chinese University of Hong Kong in 1983 and an MBA degree from Indiana State University, USA, in 1985. He also graduated from the Senior Executive Program at Columbia University in 2000.

In connection with these changes, with effect from July 25, 2026, Ms. Cai will step down from the Nomination and Remuneration Committee, and Mr. Koon Wing Ernest Ip has been appointed as a member to that committee. The Company’s Special Committee will comprise Mr. Dicky Peter Yip, Mr. Koon Wing Ernest Ip and Mr. Siu Hong Cheng, continuing under the chairmanship of Mr. Dicky Peter Yip, with effect from July 25, 2026.

The Board would like to take this opportunity to thank Ms. Cai, Mr. Guo, Mr. Li and Mr. Xi for their service during the tenure of their office and warmly welcome Mr. Chim to the Board.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners. In doing so, the Company has established relationships with 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

 

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SOURCE Lufax Holding Ltd

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UMD Smith School Researchers Warn AI Security Lapses Highlight Urgent Need for Independent Oversight

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COLLEGE PARK, Md., July 24, 2026 /PRNewswire/ — A series of recent AI security lapses—including the OpenAI–Hugging Face breach—raises a fundamental question, say a pair of researchers at the University of Maryland’s Robert H. Smith School of Business: Can tech companies safely govern the powerful AI systems they build, or is stronger outside oversight now essential?

In its incident report, OpenAI confirmed that one of its experimental AI agents exploited a weakness in its testing environment while working on a routine benchmark task. The system wasn’t instructed to behave maliciously; instead, its persistence turned a small design flaw into a real escape. Earlier tests showed similar behavior, including agents that learned to bypass security checks by manipulating authentication tokens.

This pattern echoes findings from Dean’s Professor of Information Systems Siva Viswanathan at the Smith School, who studies how large technology platforms enforce rules. His research on mobile app privacy—published in Management Science—examined Google’s rollout of Android 6.0, which gave users more control over what data apps could collect. Developers were granted a flexible window to update their apps. Many used that flexibility to delay compliance for months, continuing to gather user data until Google imposed consequences such as lower search rankings and reduced visibility in its app store.

Viswanathan’s takeaway: when companies rely on voluntary compliance, self‑interested actors often exploit the slack. Real accountability requires pairing flexibility with firm, enforceable penalties.

That lesson now reverberates across the AI sector. As companies race to build increasingly capable systems, Viswanathan says oversight must treat these AI systems as strategic actors and must include strong safeguards that can pause or reverse a system before harm occurs.

He notes that a separate study from Anthropic underscores the stakes. In controlled tests, even an AI system designed to monitor another AI inherited the same flaws it was supposed to catch. In some cases, the “judge” model failed to flag clear sabotage because it agreed with the agent’s goals, allowing dangerous behavior to pass without human review.

Balaji Padmanabhan, Dean’s Professor of Decisions, Operations and Information Technologies and director of the Smith School’s Center for Artificial Intelligence in Business, extends Viswanathan’s governance argument into the realm of autonomous AI agents, warning that the same structural weaknesses now carry far higher stakes.

“The fact that this breach occurred organically without the AI agent being asked to be malicious is itself notable. Imagine what someone who actually intends to do harm can do. It’s also not terribly reassuring that the same firms we depend on for AI infrastructure, who are facing these issues, are the ones assuring enterprises that their systems with guardrails are perfectly safe,” says Padmanabhan. “We have to wake up to the fact that we’ve created capabilities that let software become as powerful as we want it to be—and then some. It’s time we seriously ask what’s needed to create an infrastructure to play defense well.”

Across the independent studies, the pattern is consistent, says Viswanathan: Voluntary compliance fails when the governed actor is more capable than the regulator. And AI systems cannot be governed by trust or good intentions alone. Oversight must be preventive, independent and capable of stopping harmful behavior before it spreads.

About the University of Maryland’s Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Greg Muraski, gmuraski@umd.edu

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SOURCE University of Maryland’s Robert H. Smith School of Business

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