How Has The Blockchain in Agriculture and Food Supply Chain Market Evolved Recently?
The Blockchain In Agriculture And Food Supply Chain Market has been expanding rapidly over the recent years.
• The market size grew from $0.58 billion in 2024 to $0.84 billion in 2025 marking a compound annual growth rate (CAGR) of 45.2%.
This growth has been propelled by enhanced traceability and transparency, prevention of food fraud and contamination, consumer desire for transparency, efficiency in supply chain, and reduction in food wastage.
What Are The Estimated Market Size And Growth Rates For Blockchain In Agriculture And Food Supply Chain Market?
The blockchain in agriculture and food supply chain market size is expected to witness exponential growth in the coming years.
• The market is projected to reach a value of $4.04 billion by 2029, with a CAGR of 48.3%.
The growth can be accredited to enhanced food safety measures, increased stakeholder education and awareness, emphasis on sustainable and ethical practices, resilience against disruptions, and customs and regulatory compliance.
What Are Key Factors Driving The Growth Of The Blockchain In Agriculture And Food Supply Chain Market?
The increased demand for small and medium enterprises in the blockchain in agriculture and food supply chain market has been a key factor driving its growth. Larger businesses are heavily investing in enhancing existing solutions, while new businesses are producing unique solutions to meet the needs of their national and regional markets. For instance, the number of small-scale enterprises reached 217 in 2022, and that number continued to grow in 2023, reaching 223. Meanwhile, for medium-scale enterprises, there was a slight increase from 36 in 2020 to 37 in 2023. This rise in small and medium enterprises is expected to further propel the blockchain in agriculture and food supply chain market during the forecast period.
What Are The Market Segments For The Blockchain In Agriculture And Food Supply Chain Market?
The blockchain in agriculture and food supply chain market reported is segmented –
1) By Type: Public Blockchain, Private Blockchain, Consortium Or Hybrid Blockchain
2) By Stakeholder: Growers, Food Manufacturers Or Processors, Retailers
3) By Application: Product Traceability, Tracking, And Visibility, Payment And Settlement, Smart Contracts, Governance, Risk And Compliance Management
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What Trends Are Shaping The Blockchain In Agriculture And Food Supply Chain Market?
The usage of blockchain with IoT is an emerging trend in the market. Companies are leveraging blockchain technology to secure data in IoT devices, enabling smart devices to exchange data and financial transactions in a scalable, private, and reliable manner. For example, in February 2022, Vodafone Group plc introduced a blockchain-based trading platform for IoT devices and sensors called Digital Asset Broker (DAB), which allows secure transactions without human oversight but under human control.
Who Are The Major Players In The Blockchain In Agriculture And Food Supply Chain Market?
Key market players include:
• International Business Machines Corporation
• Microsoft Corporation
• SAP SE
• Ambrosus AG
• Arc-net
• OriginTrail Ltd.
• Rip.io
• Provenance Ltd.
• Chainvine Limited (ChainVine)
• AgriDigital Pty Ltd.
What Is The Leading Region In The Blockchain In Agriculture And Food Supply Chain Market?
North America was the largest region in the blockchain in agriculture and food supply chain market in 2024. The market report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
