“Executive Summary Blockchain in Agriculture and Food Supply Chain Market Value, Size, Share and Projections
CAGR Value
The global blockchain in agriculture and food supply chain market size was valued at USD 162.93 million in 2023 and is projected to reach USD 279.95 million by 2031, with a CAGR of 7.00% during the forecast period of 2024 to 2031.
The large scale Blockchain in Agriculture and Food Supply Chain Market report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. The report brings into focus studies about market definition, market segmentation, and competitive analysis in the market. The precise and state-of-the-art information provided via this Market report helps businesses get aware about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market.
Blockchain in Agriculture and Food Supply Chain Market survey report identifies, estimates, and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the market. The research and analysis carried out in this report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. The use of proven tools such as SWOT analysis and Porter’s Five Forces analysis are very helpful in creating such a top-notch Blockchain in Agriculture and Food Supply Chain Market report. Estimations of CAGR values, market drivers and market restraints helps businesses decide upon several strategies.
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Blockchain in Agriculture and Food Supply Chain Business Landscape Review
**Segments**
– Based on the application, the can be segmented into product traceability, tracking and visibility, payment and settlement, smart contracts, governance, risk, and compliance management.
– By provider, the market can be categorized into application and solution providers, middleware providers, infrastructure, and protocols providers.
– On the basis of organization size, the market can be divided into small and medium-sized enterprises (SMEs) and large enterprises.
– Depending on the industry, the market can be segmented into agricultural, food and beverages, and others.
Blockchain technology in the agriculture and food supply chain market is witnessing significant growth, driven by the increasing need for transparency, traceability, and efficiency in the supply chain. The application of blockchain in product traceability allows consumers to track the journey of products from farm to table, ensuring food safety and quality. The tracking and visibility segment enables real-time monitoring of goods, preventing fraud and reducing waste. Payment and settlement through blockchain technology streamline transactions, while smart contracts automate agreements and ensure compliance. Governance, risk, and compliance management segments help in maintaining regulatory standards and risk mitigation.
**Market Players**
– IBM
– TE-Food International GmbH
– Microsoft
– Ambrosus
– Arc-net
– OriginTrail
– Provenance
– Chainvine
– AgriDigital
– SAP SE
– Ripe Technology INC.
– VeChain
– Coin 22
– Others
Several key players are actively contributing to the growth of the . IBM offers blockchain solutions for supply chain management in the agriculture industry, ensuring transparency and trust among stakeholders. TE-Food International GmbH focuses on providing tools for livestock and fresh food supply chains, enhancing food safety and brand protection. Microsoft offers Azure Blockchain as a Service (BaaS) for various industries, including agriculture and food supply chain, enabling secure and scalable blockchain networks. Ambrosus specializes in blockchain-powered supply chain solutions for food and pharmaceutical industries, ensuring data integrity and product quality. Arc-net provides traceability solutions using blockchain and IoT for the food and beverage sector, enhancing consumer trust and loyalty.
For more detailed insights, visit: The is poised for continued growth and innovation as blockchain technology revolutionizes transparency, traceability, and efficiency in the agri-food sector. Beyond the identified segments of product traceability, tracking and visibility, payment and settlement, smart contracts, governance, risk, and compliance management, there are emerging trends shaping the market landscape. One such trend is the integration of Internet of Things (IoT) devices with blockchain technology to enable real-time data collection and monitoring throughout the supply chain, enhancing quality control and reducing operational costs. This convergence of IoT and blockchain is driving unprecedented levels of automation and data-driven decision-making in agriculture and food supply chains.
Moreover, the interoperability of blockchain networks is becoming increasingly important as companies seek to collaborate seamlessly across diverse platforms and ecosystems. Interoperability enables different stakeholders to access and share data securely while maintaining the integrity of transactions. This trend towards interoperable blockchain solutions is fostering greater collaboration among industry players and enabling more efficient supply chain management practices.
Additionally, the role of sustainability and ethical sourcing practices is gaining prominence in the blockchain in agriculture and food supply chain market. Consumers are becoming more conscious of the origins of their food products and are demanding greater transparency from companies regarding environmental and social impact. Blockchain technology provides a robust framework for tracking and verifying sustainability claims, enabling companies to demonstrate their commitment to responsible sourcing practices and build consumer trust.
Furthermore, the market is witnessing a growing emphasis on data security and privacy, driven by the increasing prevalence of cyber threats and data breaches. Blockchain’s decentralized and immutable ledger offers enhanced security features that protect sensitive information from unauthorized access and tampering. As data privacy regulations continue to evolve, blockchain technology presents a compelling solution for ensuring compliance with stringent data protection requirements.
In conclusion, the is on a trajectory of continual evolution and expansion, driven by the increasing demand for transparency, efficiency, and sustainability in the agri-food industry. With key players like IBM, Microsoft, and Ambrosus leading the way in developing innovative blockchain solutions, the market is poised for further growth and disruption. As industry stakeholders continue to leverage blockchain technology to transform their supply chain operations, we can expect to see greater efficiency, trust, and accountability across the entire agriculture and food supply chain ecosystem.The is experiencing a transformative shift driven by the adoption of blockchain technology across various segments within the agricultural and food industries. Beyond the traditional applications of product traceability, tracking, and payment settlement, the market is witnessing a rapid evolution towards more sophisticated use cases such as smart contracts, governance, risk, and compliance management. These advancements are enhancing efficiency, transparency, and trust within the supply chain, ultimately benefiting stakeholders throughout the ecosystem.
Key industry players such as IBM, Microsoft, and Ambrosus are playing pivotal roles in driving innovation and shaping the future of blockchain solutions in agriculture and food supply chains. IBM’s focus on supply chain management solutions underscores the importance of transparency and trust in a sector that relies heavily on authenticity and quality assurance. Microsoft’s Azure Blockchain platform provides a robust infrastructure for implementing blockchain networks, offering scalability and security for agri-food businesses looking to leverage distributed ledger technology. Ambrosus’ specialization in supply chain solutions for food and pharmaceutical industries highlights the growing importance of data integrity and product quality assurance in today’s market landscape.
As the market continues to evolve, emerging trends such as the integration of IoT devices with blockchain technology are poised to revolutionize data collection and monitoring processes, enabling real-time insights and enhancing quality control measures. This convergence of technologies opens up new possibilities for automating operations and decision-making in agriculture and food supply chains, leading to greater efficiency and cost savings for businesses.
Furthermore, the emphasis on sustainability and ethical sourcing practices is becoming a defining feature of the blockchain in agriculture and food supply chain market. Consumers are increasingly demanding transparency and accountability from companies regarding the environmental and social impacts of their products. Blockchain technology offers a robust framework for verifying sustainability claims and demonstrating a commitment to responsible sourcing practices, thereby building consumer trust and loyalty.
In conclusion, the is witnessing a paradigm shift towards greater transparency, efficiency, and sustainability driven by key players, technological advancements, and evolving consumer preferences. The market’s trajectory of growth and innovation is set to continue as blockchain technology reshapes supply chain operations, fosters collaboration, and ensures data security and privacy in an increasingly interconnected and data-driven industry landscape.
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Blockchain in Agriculture and Food Supply Chain Market Intelligence: Key Analytical Question Sets
- What is the Blockchain in Agriculture and Food Supply Chain Market present value across all regions?
- What annualized growth rate is projected for the next period?
- What key divisions are used to understand the Blockchain in Agriculture and Food Supply Chain Market landscape?
- Which enterprises are known for driving innovation here?
- What recent changes or launches affect the competitive field?
- What countries are used for geographic benchmarking?
- What regional market is outperforming expectations?
- Which country is on track to dominate this Blockchain in Agriculture and Food Supply Chain Market industry?
- What zone has the biggest percentage of Blockchain in Agriculture and Food Supply Chain Market activity?
- Which country is climbing fastest in Blockchain in Agriculture and Food Supply Chain Market development?
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