Blockchain In Agriculture And Food Supply Chain Industry market is expected to reach $3995.93 million in 2032 -IBM, VeChain, Ambrosus, Microsoft, Rip.io, SAP-SE, ChainVine, OriginTrail, Arc-net, Provenance, AgriDigital, BlockGrain

49.45 million in 2021 to $258.24 million in 2022 at a compound annual growth rate (CAGR) of 42.34%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $3995.93 million in 2032 at a CAGR of 49.9%.

The blockchain in agriculture and food supply chain market consists of sales of blockchain services in the agriculture and food supply chain by entities (organizations, sole traders and partnerships) that provide blockchain services to the agriculture and food supply chain.Blockchain technology enables the traceability of information in the food supply chain and thus helps improve food safety.

Restraint: Uncertainty in regulations and standards
Even though blockchain technology's application holds great potential, the lack of regulations is posing a hindrance to its complete adoption. Governments can benefit by understanding that their intervention in the ecosystem can benefit the stakeholders by standardizing and regulating the technology. Still, it will also help the government collect taxes and limit distributed ledgers for criminal activities. Due to uncertain regulations, the blockchain technology market is also adversely impacted, as there is a lack of a common set of standards for carrying out transactions on the blockchain.

Opportunity: Increase in funding and investments in agri-food blockchain
The exponential growth of blockchain technology over the years, around different industry verticals, has fetched a huge amount of funding in the past few years. According to TechCrunch, from January to May 2018, the total capital raised through venture funds in blockchain technology amounted to USD 1.3 billion. This proves that venture capitalists see a promising future of blockchain technology. Similarly, major investments are also being made in the organizations offering blockchain solutions and platforms to the food and agriculture industry.

Some of the Major Key players profiled in the study are IBM, VeChain, Ambrosus, Microsoft, Rip.io, SAP-SE, ChainVine, OriginTrail, Arc-net, Provenance, AgriDigital, BlockGrain

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Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Blockchain In Agriculture And Food Supply Chain market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market.

Global Blockchain In Agriculture And Food Supply Chain Market Segmentation:

Blockchain In Agriculture And Food Supply Chain Segmentation by Type:

Application And Solution Provider, Middleware Provider, Infrastructure And Protocol Provider.

Blockchain In Agriculture And Food Supply Chain Segmentation by Application:

Product Traceability, Tracking, And Visibility, Payment And Settlement, Smart Contracts, Governance, Risk And Compliance Management

This research report categorizes the Blockchain in agriculture and food supply chain market based on type, stakeholder, providers, organization size, application, and region.

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Based on type:
Public
Private
Hybrid/Consortium

Based on stakeholders:
Growers
Food manufacturers/processors
Retailers

Based on providers:
Application providers
Middleware providers
Infrastructure providers

Based on organization size:
Small and medium-sized enterprises
Large enterprises

Based on the application:
Product traceability, tracking, and visibility
Payment and settlement
Smart contract
Governance, risk, and compliance management

Based on the region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Recent Developments
In June 2020, Atea, IBM, and Sjømatbedriftene, the Norwegian Seafood Association, announced a new cross-industry collaboration to use blockchain technology and share supply chain data throughout Norway's seafood industry and provide safer, better seafood to consumers across the globe. This blockchain technology would help to provide high-quality, fully traceable products.
In April 2020, IBM and Nestle entered into a partnership to enable Nestle to use the IBM Food Trust enterprise blockchain to trace its Zoégas coffee brand. Zoégas coffee would come with a QR code scanned by consumers to trace coffee beans to their origin. The IBM Food Trust enterprise blockchain will record data about farmers, time of harvest, transaction certificate for specific shipments, as well as the roasting period.

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Key questions answered in the report include:

who are the key market players in the Blockchain In Agriculture And Food Supply Chain Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Blockchain In Agriculture And Food Supply Chain Market?
What are the regional growth trends and the leading revenue-generating regions for the Blockchain In Agriculture And Food Supply Chain Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Blockchain In Agriculture And Food Supply Chain Market trends impacting the growth of the market?
What are the major Product Types of Blockchain In Agriculture And Food Supply Chain?
What are the major applications of Blockchain In Agriculture And Food Supply Chain?
Which Blockchain In Agriculture And Food Supply Chain Services technologies will top the market in next 7 years?
Table of Contents

Global Blockchain In Agriculture And Food Supply Chain Market Research Report 2022 - 2029

Chapter 1 Blockchain In Agriculture And Food Supply Chain Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Blockchain In Agriculture And Food Supply Chain Market Forecast

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