Agrifood Blockchain Market to Hit US$ 1.1 Bn by 2031, Growing at 32.12% CAGR | AgriDigital, Ripe Technology, Oracle, DigitalFoodLab, OTT8 Group Inc., and OPTiM Corporation

The Agrifood Blockchain Market reached US$ 120.1 million in 2022 and is expected to reach US$ 1,114.1 million by 2031, growing at a CAGR of 32.12% during the forecast period 2024-2031.

The Agrifood Blockchain Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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✅ Mergers & acquisitions (notable 2025 deal)

➠ Agridence → acquired Farmer Connect (Aug 19, 2025) - Singapore's Agridence bought Geneva-based Farmer Connect to unify compliance/traceability offerings and expand EUDR/ESG tooling and European reach. Multiple press releases and legal-advisor notices confirm the deal.

✅ Product launches / platform rollouts in 2025

➠ TropiConnect (late Aug 2025) - a new AI + blockchain agri-trade platform launched to connect African farming cooperatives (reportedly covering 200k+ farmers) with global buyers; emphasizes traceability + fair pricing.

➠ ALKO + QThing-X traceability system (announced Jun/Jul 2025) - Indonesian coffee cooperative ALKO rolled out a blockchain-enabled traceability system (QR codes leading to farmer profiles, harvest data) to support exports to US/UAE.

➠ Sustainable Shrimp Partnership traceability app (Aug 29, 2025) - SSP launched a consumer-facing traceability app built on IBM Food Trust so buyers can scan QR codes and see farm→processing history for shrimp.

Agrifood Blockchain Market Key Drivers:

✅ Food Safety and Traceability Needs

Rising concerns about foodborne illnesses, contamination, and counterfeit products are pushing stakeholders to adopt blockchain for transparent and real-time tracking from farm to fork.

✅ Consumer Demand for Transparency

Shifting consumer preferences toward ethically sourced, organic, and sustainable food products are driving the need for blockchain to provide verifiable data on origin and quality.

✅ Supply Chain Efficiency

Blockchain reduces inefficiencies in agrifood supply chains by minimizing paperwork, preventing fraud, and enabling faster transactions between farmers, distributors, and retailers.

✅ Regulatory Push

Governments and regulatory bodies worldwide are enforcing stricter rules on food traceability, safety, and sustainability reporting, encouraging blockchain integration to meet compliance.

✅ Technological Convergence

The integration of blockchain with IoT devices, sensors, and AI is enhancing the accuracy of data collection in agriculture, strengthening adoption and scalability across regions.

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Agrifood Blockchain Market - Geographical Share:

The adoption of blockchain in the agrifood sector is gaining momentum worldwide, though growth rates vary across regions:

➠ North America leads the market, driven by advanced digital infrastructure, strong investment in agri-tech startups, and demand for transparent food supply chains. The U.S. and Canada are at the forefront, with large retailers and food producers deploying blockchain for traceability and safety compliance.

➠ Europe follows closely, supported by stringent food safety regulations, consumer awareness, and initiatives from the European Union to promote digital farming. Countries such as Germany, the Netherlands, and France are adopting blockchain to enhance supply chain efficiency and sustainability reporting.

➠ Asia-Pacific is emerging as a high-growth region, with China, India, and Australia driving adoption. Increasing food exports, government initiatives for digital agriculture, and the need to combat counterfeit products are accelerating blockchain integration across the value chain.

➠ Latin America shows steady adoption, especially in Brazil and Argentina, where blockchain is being applied in livestock, coffee, and grain supply chains to improve export credibility and meet international traceability standards.

➠ Middle East & Africa are at a developing stage, but the growing emphasis on food security, efficient distribution, and partnerships with global technology providers is expected to create opportunities in the coming years.

Strategic Players Driving the Agrifood Blockchain Market: IBM, Microsoft, SAP SE, Arc-net, AgriDigital, Ripe Technology, Inc., Oracle, DigitalFoodLab, OTT8 Group Inc., and OPTiM Corporation.

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Research Methodology:

The global Agrifood Blockchain Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

Segment Covered in the Agrifood Blockchain Market:

By Type (Public, Private)

By Provider (Application and Solution Provider, Middleware Provider, Infrastructure and Protocol Provider)

By Application (Product Traceability, Tracking, and Visibility, Payment and Settlement, Smart Contract, Governance, Risk, and Compliance Management)

By End-User (Growers, Food Manufacturers/Processors, Retailers, Other)

By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa)

Regional Analysis for Agrifood Blockchain Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Agrifood Blockchain Market Research Industry:

➠ Who leads the Agrifood Blockchain industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do Agrifood Blockchain market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting Agrifood Blockchain market growth?

➠ What are the dominant sales and distribution strategies in the Agrifood Blockchain industry?

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