Blockchain In Agriculture And Food Supply Chain Market Development and Growth Opportunities by Forecast 2032

Blockchain in agriculture and food supply chain market is expected to gain market growth in the forecast period of 2021 to 2028. Analytics Market Research analyses the market to grow at a CAGR of 7.00% in the above-mentioned forecast period.

The market for the blockchain in agriculture and the food supply chain is driven by customers' growing demands for supply chain transparency due to worries about food safety.

Blockchain is a particular form of chain that is implemented using distributed ledger technology (DLT), a shared ledger. In a block system, this ledger typically holds information and details of records and transactions. These blocks are tamper-proof and immutable, which means that it is not permitted to change or modify the data contained therein. Blockchain is valuable for a wide range of networks, including customers, farmers, and retailers, since it allows them to capture and share information quickly, securely, and transparently.

Increasing food waste and post-harvest losses, rising adoption of emerging technologies like blockchain and analytics technologies, rising deployment of blockchain technology for agriculture and fracking are all contributing factors driving the market growth. Additionally, growing growth in online trading and tracking systems is enhancing the need for blockchain solutions during COVID-19. Additionally, the growth of smart agricultural systems, finance and investment in agri-food blockchain, and government measures to support contemporary technology will all open up new prospects for the During the 2021-2028 forecast period, blockchain will be used in the food supply chain and agriculture.

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One of the main factors acting as a restraint is the limited availability of technical skillset for implementing and managing blockchain applications. Another is the increasing ambiguity of regulations and standards. However, increasing data mismanagement by growers during precision farming and the lack of data standardisation will further challenge the blockchain in the agriculture and food supply chain market in the future.This market report on blockchain in the agriculture and food supply chain details recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product estimation, and market forecasts.

launches, geographic expansions, and market-based technology advancements. Contact Anallytics Market Research for an Analyst Brief to learn more about blockchain in the agriculture and food supply chain market. Our staff will assist you in making an informed choice to expand your business.

Market Segmentation:

The blockchain in agriculture and food supply chain market can be segmented based on application, provider, organization size, and region.

Application: The application segment can be further segmented into supply chain tracking, payments and settlement, smart contracts, and others. Supply chain tracking is the most prominent application of blockchain in the agriculture and food supply chain market, as it enables the traceability of products from farm to table, ensuring food safety, and quality.

Provider: The provider segment can be further segmented into application providers, middleware providers, and infrastructure providers. Application providers are companies that provide blockchain-based solutions for supply chain tracking, payments, and settlement. Middleware providers offer tools and services to enable the integration of blockchain technology into existing systems. Infrastructure providers offer the underlying blockchain technology infrastructure, including hardware and software.

Organization Size: The organization size segment can be further segmented into small and medium-sized enterprises (SMEs) and large enterprises. SMEs are increasingly adopting blockchain technology in the agriculture and food supply chain to improve their competitiveness and access to markets. Large enterprises are also adopting blockchain technology to improve supply chain efficiency and reduce costs.

Region: The regional segment can be further segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The adoption of blockchain technology in the agriculture and food supply chain varies across regions due to differences in market maturity, regulatory frameworks, and technology infrastructure. North America and Europe are leading regions in the adoption of blockchain technology, while Asia-Pacific is expected to be the fastest-growing region due to the rapid growth of the population and demand for more efficient and transparent supply chains.

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Competitive Landscape:

There are many players in the blockchain in agriculture and food supply chain market, ranging from startups to large multinational companies. Here are some of the prominent players:

IBM: IBM is a leading provider of blockchain-based solutions for supply chain tracking and traceability. The company's Food Trust platform is used by many prominent food companies to track products from farm to table.
Walmart: Walmart is a major retailer that has introduced a blockchain-based system for tracking the origin of produce. The company's blockchain system enables the tracing of products from the farm to the store, providing consumers with more transparency about the origin of the products they purchase.

Nestle: Nestle, one of the world's largest food companies, has implemented a blockchain-based system to trace the origin of milk used in its products. The company's blockchain system enables the tracking of milk from the farm to the factory, ensuring that it meets the company's quality and sustainability standards.
Provenance: Provenance is a startup that provides blockchain-based solutions for supply chain tracking and traceability. The company's platform enables the tracking of products from the farm to the consumer, providing consumers with more transparency about the origin and quality of the products they purchase.
Ambrosus: Ambrosus is a blockchain-based platform that enables the tracking of food products from farm to table. The platform uses sensors to monitor the condition of food products during transportation and storage, ensuring that they remain fresh and safe for consumption.

TE-FOOD: TE-FOOD is a blockchain-based platform that focuses on supply chain tracking and traceability in the agriculture and food industry. The platform is used by many small and medium-sized enterprises to improve supply chain transparency and efficiency.

AgriDigital: AgriDigital is a startup that provides blockchain-based solutions for the agriculture industry. The company's platform enables the tracking of grain from the farm to the market, providing farmers with more transparency about the pricing and quality of their products.

Overall, the blockchain in agriculture and food supply chain market is seeing a wide range of players, from established tech giants to startups that are providing innovative solutions for supply chain transparency and traceability.

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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