In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Food scanners are used to collect information about allergens, chemicals, nutrients, calories and other ingredients present in food. Food scanners are very useful tool which provide surety whether the food is hygienic or not. Further, food scanners help to maintain your vitamins intake and help you to avoid eating unhealthy ingredients. These food scanners are used to prevent foodborne diseases. Rising awareness towards healthy and hygienic food among the consumers is fostering the adoption of food scanners.
Global food scanners market is anticipated to witness a robust growth over the forecast period i.e. 2017-2024. Rising health consciousness among consumers across the globe is anticipated to foster the growth of global food scanners market during the forecast period. Geographically, global food scanners market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America region is anticipated to witness a remarkable growth over the forecast period owing to the factors such as high disposable incomes and rising health consciousness among people. The Asia Pacific region is expected to be the fastest growing market for food scanners owing to the factors such as various government rule and regulations to maintain quality of food executed in different countries of the region. Apart from this, Europe region is also anticipated to witness satisfactory growth over the forecast period. Increasing number of people suffering from food allergies, diabetes and other foodborne disease is expected to propel the demand for food scanners in Europe region during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE REPORT
Our-in depth analysis of the global food scanners market includes the following segments:
Global food scanners market is further classified on the basis of region as follows:
Global food scanners market is primarily driven by rising food related health problems among people across the globe. Food allergies, obesity and diabetes are some of the major foodborne problems which are spreading all over the world. Health awareness and maintaining a proper balanced diet along with a habit of eating healthy food are the factors driving the growth of global food scanners market. Food scanners offer instant testing of any food item and provide information about their allergens, chemicals, nutrients and calories. Such factors are anticipated to foster the growth of food scanners market. Technical developments with food scanners are also one of the important factors driving the growth of global food scanners market. Increasing use of food scanners in different food industries to maintain the quality of food products is expected to propel the demand for food scanners in near future. Besides this, it has also been notified that substantial disposable income has elevated the purchasing power of consumers and thus propelled the demand for smart food appliances such as food scanners which is likely to observe robust growth during the forecast period.
However, lack of awareness towards such devices among consumers especially among consumers of developing countries is hampering the growth of food scanners market. Moreover, high cost of food scanners is a major challenge which is anticipated to dampen the growth of global food scanners in near future.