Blockchain in the Agriculture and Food Supply Chain Market Key Players Analysis - IBM, Microsoft, Ambrosius, Sap Se, Origintrail, Provenance.

"Blockchain in the Agriculture and Food Supply Chain Market" in terms of revenue was estimated to be worth USD 2.3 Billion in 2024 and is poised to reach USD 9.7 Billion by the year 2034, growing at a CAGR of 15.9% from 2025 to 2034 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Blockchain in the Agriculture and Food Supply Chain Market are:
• Transparency and Traceability.
• Reducing Fraud and Counterfeiting.
• Efficiency and Automation.
The following are the primary obstacles to the Blockchain in the Agriculture and Food Supply Chain Market's expansion:
• Costs of Implementation.
• Scalability Issues.
• Lack of Standardization.
Future expansion opportunities for the global Blockchain in the Agriculture and Food Supply Chain Market include:
• Electric Vehicles and Sustainable Transportation.
• Remote Work Solutions.
• Cybersecurity Solutions.

Market Analysis:
Key factors influencing the market landscape include continuous technological innovation, dynamic consumer behavior, and evolving regulatory environments. The increasing integration of digital technologies-such as artificial intelligence and blockchain-is reshaping operational frameworks, fostering innovation, and driving overall market growth. Furthermore, the impact of globalization and heightened competitive intensity underscores the importance of strategic positioning and organizational adaptability as essential components for achieving sustainable long-term success.

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List of Prominent Players in the Blockchain in the Agriculture and Food Supply Chain Market:
• IBM (US)
• TE-FOOD International GmbH (Europe)
• Microsoft (US)
• ACR-NET (Ireland)
• Ambrosus (Switzerland)
• SAP SE (Germany)
• OriginTrail (Slovenia)
• Provenance (UK)

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 provide high-quality, fully traceable products.
• In May 2019, Microsoft launched Azure blockchain services, a fully managed service that allows for the formation, management, and governance of the consortium blockchain network. It is integrated with the Azure activity directory and offers tools to add new members, set permissions, and monitor network health and activity.
• In April 2019, Albertsons Companies (US) joined the IBM Food Trust blockchain.

Blockchain in the Agriculture and Food Supply Chain Market Dynamics
Market Drivers: Emphasis on Transparency and Traceability
The agriculture and food supply chain sector is undergoing a notable transformation, driven by the increasing importance of transparency and traceability. Businesses are recognizing the critical role these attributes play in building consumer trust and satisfying stakeholder expectations. Rising consumer awareness and the evolution of regulatory standards are fueling demand for supply chains that offer clear visibility from source to end-user.

Blockchain technology, in particular, enables the establishment of secure, immutable records, allowing for real-time product tracking throughout the supply chain. This emphasis on transparency not only addresses concerns related to product authenticity and ethical sourcing but also contributes to improved risk management and regulatory compliance, thereby enhancing overall operational efficiency.

Challenges: High Implementation Costs
Despite the advantages, the adoption of blockchain-based traceability systems is frequently impeded by the high costs associated with implementation. Significant financial investment is required for infrastructure development, employee training, and the seamless integration of new technologies with existing systems. These expenses can be particularly burdensome for small and medium-sized enterprises, limiting their ability to adopt such solutions. Consequently, these cost-related challenges may hinder broader market penetration and delay the achievement of end-to-end supply chain transparency.

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North America Is Expected To Grow With The Highest CAGR During The Forecast Period
Due to the high degree of technical infrastructure that is prevalent there, North America is now leading the industry. The presence of significant global market players in the area is also contributing to the region's overall rise in market share. Furthermore, measures by the government to invest in cutting-edge technology and supporting legislation are also responsible for the increase.

Segmentation of Blockchain in the Agriculture and Food Supply Chain Market-
By Type
• Public
• Private
• Hybrid/Consortium
By Application
• Growers
• Food Manufacturers/Processors
• Retailers
By Providers
• Application Providers
• Middleware Providers
• Infrastructure Providers
By Organization Size
• Small And Medium-Sized Enterprises
• Large Enterprises
By Applications
• Product Traceability, Tracking, and Visibility
• Payment And Settlement
• Smart Contract
• Governance, Risk, and Compliance Management
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/global-blockchain-in-the-agriculture-and-food-supply-chain-market/1436

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.