Abstract: Disclosed is a system and method for assessing spectral residual viability (SRV) and corresponding remaining shelf life (RSL) of a food product, comprising capturing one or more images of the food product by a camera; analysing the one or more images to perform a visual assessment of a plurality of individual attributes of the food product, using respective plurality of vectoral algorithms; estimating a Quality Index (QI) of the food product based on an average summation of each individual analysis of each individual IE attribute; receiving a future storage temperature at which the food product is stored or transported; estimating a SRV and corresponding RSL of the food product based on the QI and the future storage temperature. The present invention provides a system and method that has the functional capability to merge both biologic product specific degradation models with user defined predicted consequence to predict SRV and corresponding RSL of the product.