Press release
Blockchain in Agriculture and Food Supply Chain Market: Exponential Growth, Key Drivers, and Major Trends
Blockchain in Agriculture and Food Supply Chain Market
Explosive Growth in Blockchain in Agriculture and Food Supply Chain Market: CAGR of 45.2% (2024-2025) and 48.3% (2025-2029)
What Is The Projected Market Size Of The Global Blockchain In Agriculture And Food Supply Chain Market And Its Growth Rate?
• From $0.58 billion in 2024, the blockchain in agriculture and food supply chain market is expected to grow to $0.84 billion in 2025, denoting a CAGR of 45.2%.
• The market will further accelerate to $4.04 billion in 2029 at a CAGR of 48.3%.
• The profound growth can be attributed to enhanced food safety measures, stakeholder education and awareness, focus on sustainable and ethical practices, resilience against disruptions, and customs and regulatory compliance.
What Is Driving The Growth In The Blockchain In Agriculture And Food Supply Chain Market?
The robust growth of the blockchain in agriculture and food supply chain market is heavily influenced by the rise of small and medium enterprises. This sector has experienced a surge, mainly due to larger firms investing in developing existing solutions, while newcomers are producing unique solutions that cater to the needs of national and regional markets. The rise in small and medium enterprises is expected to continue driving the market forward.
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Who Are The Key Players Driving Blockchain In Agriculture And Food Supply Chain Market Growth?
• International Business Machines Corporation
• Microsoft Corporation
• SAP SE
• Ambrosus AG
• Arc-net
• OriginTrail Ltd.
• Rip. io
• Provenance Ltd.
• Chainvine Limited (ChainVine)
• AgriDigital Pty Ltd.
• Riiot Labs SA
• VeChain Foundation
• BlockGrain
• AgriChain Pty Ltd.
• TE-FOOD International GmbH
• Agri 10x LLC
• AgriLedger Ltd.
• AgroChain Ltd.
What Are The Key Trends In The Blockchain In Agriculture And Food Supply Chain Market?
• Enhanced traceability and transparency
• Food safety and quality assurance
• Use of smart contracts for automation
• Sustainable and ethical sourcing
• Supply chain optimization
• Increased adoption of blockchain
What Are The Segments Of The Global Blockchain In Agriculture And Food Supply Chain Market?
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
Which Region Leads The Blockchain In Agriculture And Food Supply Chain Market?
North America led the blockchain in agriculture and food supply chain market in 2024, reflecting the region's growing inclination towards technological advancements in agriculture and food supply chains.
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What Is Covered In The Blockchain In Agriculture And Food Supply Chain Market Global Market Report?
- Market Size Analysis: Analyze the Blockchain In Agriculture And Food Supply Chain Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blockchain In Agriculture And Food Supply Chain Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blockchain In Agriculture And Food Supply Chain Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blockchain In Agriculture And Food Supply Chain Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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