Food technology company Meter Food rebrands as Aqualab
Food technology company Meter Food has rebranded as Aqualab as part of a strategic reorganization consolidating Meter Group’s food tech and agritech entities.
Those companies now function under new holding company Addium, according to a news release.
Aqualab is a pioneer in water activity and moisture content measurement. The reorganization allows Aqualab, along with sister companies Pometa and Aroya, to continue to expand while enhancing its focus on data intelligence, science, software and sensors, according to the release.
“Aqualab’s journey has been a testament to our dedication to innovation and precision in food production,” Takuya Ohki, executive vice president of Aqualab, said in the release. “This synergy extends our ability to bring positive change to food production, pharma, and related industries.”
Industry analysts forecast that the global food tech market will reach $342 billion by 2027, according to the release. Demand for water activity meters in the food and beverage industry is increasing.
In addition to detecting microbial contaminants, measuring water activity helps predict product shelf life and provides insights for sustainable packaging efforts.
More than 90 of the top 100 food companies in the U.S. own and use Aqualab devices, according to the company, including sectors such as snack foods, pet foods, dairy and processed meats.
Industries such as pharmaceuticals and cosmetics are also increasingly adopting water activity meters, according to the release.
During the past three years, Aqualab has achieved 14% Compound Annual Growth Rate, driven by innovations such as the Aqualab 3’s one-minute water activity and moisture content measurement capabilities and the TDL2 water activity meter for volatile compounds.
Aqualab has offices in the U.S., Europe, Latin America and Asia.