Automated object identification has seen significant progress during the last decade with close to human-level accuracy, aided by deep learning methods. With the rapid rise of obesity and other lifestyle-related diseases worldwide, the availability of fast, automated, and reliable image-based food calorie estimation is becoming a necessity. With the help of a deep learning-based automated object identification system, it is possible to introduce accurate and intelligent solutions in the form of a mobile app. However, for these kind of applications, processing speed is an important concern as the images should be processed in real time. Although plenty of studies have been conducted that focus on food image detection-based calorie estimation, there is still a lack of an image-driven, lightweight, fast, and reliable food calorie estimation system. In this paper, we propose a method based on the parameter-optimized Convolution Neural Networks (CNN) for detecting food images of regular meals using a handheld camera. Once identification process of the food items are complete, the corresponding calories and nutritional facts can be calculated using prior knowledge about the food class. Through our findings, we demonstrate that our proposed approach ensures high accuracy and can significantly simplify the existing manual calorie estimation procedures by converting them into a real-time automated process.