Technology

Food Safety Monitoring System Market to Reach $63.5 Million by 2032 at 6.1% CAGR: Allied Market Research

Published

2 years ago

February 13, 2024

The growing concerns about food safety, the ease of access to different food safety testing techniques, and the increasing healthcare costs are expected to drive the global food safety monitoring system market’s growth during the forecast period. The North America region is projected to witness prominent growth by 2032

NEW CASTLE, Del., Feb. 13, 2024 /PRNewswire/ — Allied Market Research has recently published a report, titled, “Food Safety Monitoring System Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Cloud-based, On-premises), by Component (Software, Hardware), by End-user (Food Processing Companies, Food Retailers, Food Manufacturing, Restaurants, Bakeries, Beverages Companies): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global food safety monitoring system market generated $36.1 million in 2022, and is anticipated to generate $63.5 million by 2032, rising at a CAGR of 6.1% from 2023 to 2032.

Prime Determinants of Growth

The rising concerns about food safety, increasing healthcare costs, the ease of access to different food safety testing techniques, and the growing demand for nutritious & balanced food components are the factors expected to drive the growth of the global food safety monitoring system market in the forecast period from 2023 to 2032. However, the lack of skill & knowledge, especially in the developing countries, may hamper market growth in the coming future. On the contrary, the digitization of food safety in the food sector and the rising regulatory standard and stringent food safety regulations are expected to offer remunerative opportunities for the expansion of the food safety monitoring system market during the forecast period.

Request Sample Pages: https://alliedmarketresearch.com/request-sample/A289754

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$36.1 million

Market Size in 2032

$63.5 million

CAGR

6.1 %

No. of Pages in Report

300

Segments covered

Technology, Component, End-user, and Region

Drivers

Rising demand for nutritious and beneficial food components

Growing emphasis on food security and regulatory compliance

Ease of access to different food safety testing techniques

Opportunities

Increasing regulatory standards and stringent food safety regulations

Digitalization of food safety in the food sector

Restraints

Lack of skills and knowledge, especially in developing countries

Buy this Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/food-safety-monitoring-system-market/purchase-options

COVID-19 Scenario

The COVID-19 pandemic outbreak had a significant impact on the global food safety monitoring system market’s growth due to the increased focus of people on hygiene and the importance of real-time monitoring and traceability, resulting in a notable increase in demand for cutting-edge solutions.In the post-pandemic scenario, the food safety monitoring system industry demonstrates resilience, adjusting to new norms and placing a strong emphasis on implementing robust measures for consumer well-being.

Technology: Cloud-based Sub-segment to Witness Propelling Growth During the Forecast Period

The cloud-based sub-segment accounted for the largest global food safety monitoring system market share of 50.8% in 2022 and is expected to witness significant growth during the forecast period. This is majorly because cloud-based solutions provide real-time data management, which enhances traceability & transparency throughout the food supply chain. Besides, with an increased emphasis on regulatory compliance and the rising need for streamlined operations, cloud-based technology serves as a key component in increasing the growth of the food safety monitoring system market.

Component: Hardware Sub-segment to Experience Prominent Growth by 2032

The hardware sub-segment accounted for the largest market share of 56.0% in 2022 and is expected to continue to maintain its prominent growth during the forecast period. This is mainly due to the increasing demand for robust and automated solutions. Besides, companies are embracing advanced hardware for real-time monitoring & data analysis, as food safety regulations become more stringent. The growing necessity for accuracy, speed, and precision in monitoring practices positions hardware solutions as vital, which is driving the sub-segment’s growth.

End-user: Food Manufacturing Sub-segment to Flourish Immensely by 2032

The food manufacturing sub-segment of the global market accounted for the highest share of 29.3% in 2022 and is projected to hold largest market share by 2032. This is primarily owing to the increasing usage of food safety monitoring systems in the food manufacturing sector, due to the commitment of the industry towards ensuring product security and compliance. In addition, the rising demand for processed foods increases the need for strong safety measures during the manufacturing process. The growing adoption of modern technologies, like real-time monitoring & analytics is enhancing traceability and quality control.

Region: North America Market to Hold Major Market Share by 2032

The food safety monitoring system market in the North America region accounted for the largest share of 40.3% in 2022 and is predicted to hold major market share by 2032. This growth is mainly owing to the stringent regulatory standards, technological advancements, and growing awareness about food safety. In addition, the rising adoption of superior monitoring solutions, such as real-time monitoring & traceability, is on the rise. Moreover, North America continues to be a key driver in the prominent growth of the food safety monitoring system market, as consumers prioritize safe and nutritious food.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A289754

Leading Players in the Food Safety Monitoring System Market:

SAPSecureMetric TechnologyAsureQuality Ltd.Intertek Group plcIBMDuPont (US)RJ Hill Laboratories Ltd.SGS SA (Société Générale de Surveillance SA)Danaher CorporationBureau Veritas SA

The report provides a detailed analysis of the key players of the global food safety monitoring system market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/food-safety-monitoring-system-market-to-reach-63-5-million-by-2032-at-6-1-cagr-allied-market-research-302060420.html

Technology

B&R Technology Merger Corp. Announces Pricing of $325 Million Initial Public Offering

Published

13 minutes ago

July 20, 2026

NEW YORK, July 20, 2026 /PRNewswire/ — B&R Technology Merger Corp. (the “Company”) announced the pricing of its initial public offering of 32,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “BRTMU” commencing on July 21, 2026. Each unit consists of one Class A ordinary share of the Company and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols ” BRTM” and ” BRTMW,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters. The Company has granted the underwriters a 45-day option to purchase up to 4,875,000 additional units at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content:https://www.prnewswire.com/news-releases/br-technology-merger-corp-announces-pricing-of-325-million-initial-public-offering-302830053.html

SOURCE B&R Technology Merger Corp.

Technology

Paris-Planet Is Back with a Fresh New Way to Explore Paris

Published

13 minutes ago

July 20, 2026

MONTREAL, July 20, 2026 /PRNewswire/ — Planning a trip to Paris just got a little easier.

Paris-Planet has officially relaunched with a completely redesigned website that helps travelers discover and book some of Paris’s best museums, attractions, tours, and local experiences in one place.

The new site was built for people who want to spend less time jumping between dozens of websites and more time getting excited about their trip. Whether it’s your first visit to Paris or your fifth, Paris-Planet brings together the experiences that make the city unforgettable.

“We wanted to build the kind of website we would actually use ourselves,” said Chaz Desousa, founder of Paris-Planet. “There are so many incredible things to see in Paris, but planning a trip can quickly become overwhelming. Our goal was to make discovering and booking experiences simple, inspiring, and enjoyable.”

Visitors can browse everything from famous landmarks and museums to food tours, river cruises, walking tours, family activities, and seasonal events. Along with tickets and experiences, the site also features destination guides, travel tips, and ideas for making the most of every day in Paris.

The relaunch also includes a faster website, improved navigation, and a mobile-friendly design, making it easy for travelers to plan before they leave home or while they’re already exploring the city.

Activity provider can sign up here to Sell Paris Tours & Tickets Online

Paris remains one of the world’s most visited destinations, welcoming millions of visitors every year. Paris-Planet was created to help those travelers spend less time searching and more time experiencing everything the city has to offer.

About Paris-Planet

Paris-Planet is an online travel guide and booking platform focused exclusively on Paris. The website helps visitors discover museums, attractions, tours, activities, and unique local experiences while making trip planning simple and enjoyable.

For more information, visit www.paris-planet.com.

View original content:https://www.prnewswire.com/news-releases/paris-planet-is-back-with-a-fresh-new-way-to-explore-paris-302829953.html

SOURCE Paris-Planet

Technology

Fox ESS Launches POWER BEAST to Simplify C&I Energy Storage Deployment

Published

13 minutes ago

July 20, 2026

SYDNEY, July 21, 2026 /PRNewswire/ — Fox ESS, a global leader in renewable energy solutions, has announced the Australian launch of POWER BEAST, a scalable commercial and industrial energy storage solution combining the H3 Plus Hybrid Inverter with the CQ7 High Voltage Storage Battery.

Traditional commercial battery systems often require extensive cabling, multiple connection points, and significant on-site assembly, “POWER BEAST combines a compact dual-stack design with fast, plug-and-play installation, reducing system height and installation complexity,” said Brooks Richard Geng, APAC & Middle East Managing Director at Fox ESS. “By integrating the H3 Plus with the scalable CQ7 platform, we are helping partners lower costs, save space and deliver C&I projects with greater confidence.”

POWER BEAST is built around the H3 Plus Hybrid Inverter, the modular CQ7 High Voltage Battery and the optional CQ7 Dual Tower Base. Available with AC output from 50 kW to 125 kW, the H3 Plus supports up to three independent battery inputs.

When paired with CQ7 batteries, a single inverter can support up to 292 kWh of storage capacity. Multiple POWER BEAST systems can scale up to 3.125 MW / 7.35 MWh for on-grid applications and 1.25 MW / 2.94 MWh for off-grid applications.

For projects targeting the NSW PDRS BESS4 capacity range, one H3 Plus 100 kW inverter paired with two CQ7 battery stacks provides approximately 195 kWh of storage capacity, allowing projects to maximise potential incentive value.

A key feature of POWER BEAST is the CQ7 Dual Tower Base, which supports two battery stacks on one shared base and keeps system height under 1.3 m. Pre-installed power and communication connections simplify installation and reduce wiring risks, while the system integrates solar PV, battery storage, EPS backup, generator and EV charging, with approximately five-second module installation.

By combining the H3 Plus Hybrid Inverter, modular CQ7 storage and the Dual Tower Base accessory, POWER BEAST provides installers, EPCs, distributors and project partners with a scalable C&I platform designed to reduce installation complexity and make more efficient use of available space. For more information, please visit: https://au.fox-ess.com/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fox-ess-launches-power-beast-to-simplify-ci-energy-storage-deployment-302829658.html

SOURCE Fox ESS