Blockchain in Agriculture Market Expected to Reach US$ 5,570.71 Million by 2032, Growing at a Strong CAGR of 41.20%, North America Leads with 35% Share | Key Players IBM Corporation, TE-FOOD International, Arc-Net

Blockchain in Agriculture Market Overview

The global Blockchain in Agriculture Market was valued at US$ 352.56 million in 2024 and is projected to reach US$ 5,570.71 million by 2032, growing at an impressive CAGR of 41.20% during the forecast period 2025-2032. The market's rapid expansion is driven by the increasing adoption of blockchain technology for transparency, traceability, and trust-building across agricultural value chains.

Blockchain enables secure and immutable data sharing throughout the agri-supply network, offering detailed insights into seed quality, crop growth, and production practices. It also enhances supply chain efficiency by tracking every stage-from seed sourcing to the end consumer ensuring authenticity and accountability. Moreover, blockchain technology helps verify the provenance of high-value crops such as organic, fair-trade, or sustainably grown products, thereby boosting consumer confidence and reducing fraudulent labeling practices.

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Recent Developments:

✅ January 2026: In North America, major agritech companies launched blockchain-integrated farm management systems to improve traceability, ensure compliance, and reduce food fraud across agricultural supply chains.

✅ December 2025: In Europe, food producers and cooperatives adopted blockchain-based traceability platforms to authenticate organic and fair-trade produce, enhancing consumer confidence and regulatory transparency.

✅ November 2025: In Asia-Pacific, governments collaborated with blockchain startups to implement digital traceability programs for rice, coffee, and seafood exports, ensuring product origin verification and quality control.

✅ October 2025: In Latin America, blockchain systems were introduced in soybean and cocoa value chains, enabling farmers to access transparent pricing, carbon credits, and sustainable trade certifications.

✅ September 2025: In the Middle East, agricultural authorities integrated blockchain solutions to monitor water usage, crop quality, and farm productivity, supporting national food security strategies.

✅ August 2025: In Africa, pilot projects expanded blockchain use in livestock and grain supply chains, improving smallholder farmer inclusion and reducing post-harvest losses through transparent transactions.

Mergers & Acquisitions

✅ January 2026: In North America, a leading blockchain software firm acquired an agriculture data analytics company to strengthen end-to-end digital farm management capabilities.

✅ December 2025: In Europe, a global agritech company acquired a blockchain traceability platform provider to enhance its smart farming and sustainability solutions.

✅ November 2025: In Asia-Pacific, a consortium of agri-fintech firms merged with a blockchain logistics company to improve transparent trade financing and cross-border agricultural exports.

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Key Players:

• IBM Corporation - Holds a 17.2% share, driven by its IBM Food Trust platform, which delivers end-to-end transparency, traceability, and supply chain optimization for global agricultural networks.

• TE-FOOD International GmbH - Holds a 14.8% share, supported by its farm-to-table blockchain traceability solutions for food safety, livestock tracking, and quality verification.

• Arc-Net - Holds a 13.5% share, fueled by its blockchain-enabled provenance systems that authenticate product origins for the food and beverage industry.

• iTrust - Holds a 12.6% share, focused on secure digital ledgers that enhance transparency, auditability, and smart contract automation across agricultural supply chains.

• SAP SE - Holds a 10.9% share, leveraging its blockchain-integrated ERP and supply chain platforms to improve agricultural data interoperability and transaction validation.

• OriginTrail - Holds a 9.1% share, powered by its Decentralized Knowledge Graph (DKG) technology, which connects agri-data across multiple blockchain networks for full visibility and trust.

• Ripe Technology, Inc. (Ripe.io) - Holds a 7.8% share, driven by its "Blockchain of Food" platform, which enhances food quality assurance, sustainability tracking, and supplier transparency.

• GrainChain, Inc. - Holds a 6.5% share, offering blockchain-based grain and commodity trading solutions that enable secure transactions between farmers, buyers, and banks.

• Bitfury Group Limited - Holds a 4.6% share, integrating blockchain infrastructure for agriculture logistics, data security, and digital asset management across global food systems.

• Amazon Web Services (AWS) - Holds a 3.0% share, providing cloud-based blockchain-as-a-service (BaaS) tools that empower agri-tech developers and enterprises to deploy scalable, traceable food supply solutions.

Market Segmentation:

➥By type, the market is categorized into public, private, and hybrid/consortium blockchains. Public blockchains dominate with around 40% market share, driven by their transparent and decentralized structure that allows open participation across agricultural value chains. Private blockchains account for approximately 35% and are widely used by agribusinesses and cooperatives to ensure data privacy and controlled access. Hybrid or consortium blockchains represent the remaining 25%, fostering collaboration among multiple participants while maintaining confidentiality.

➥By stakeholders, growers lead the market with nearly 45% share as they utilize blockchain to authenticate crop quality, manage farm records, and ensure fair pricing. Food manufacturers and processors follow with 25%, leveraging blockchain for real-time traceability and fraud prevention. Retailers hold about 20% share, focusing on consumer transparency and inventory verification, while other stakeholders, including exporters and regulators, account for the rest.

➥By providers, application and solution providers command the largest share of around 42%, offering platforms for traceability, farm management, and smart contracts. Middleware infrastructure providers represent 28%, facilitating integration between blockchain networks and IoT systems. Protocol providers hold 20% by developing core frameworks for agri-ledger solutions, while other providers, such as cloud and analytics firms, contribute 10%.

➥By organization size, small and medium-sized enterprises (SMEs) dominate with approximately 55% market share as blockchain offers them cost-effective transparency and direct market access. Large enterprises account for 45%, using blockchain-integrated ERP and logistics systems to streamline large-scale agricultural operations.

➥By distribution channel, e-commerce platforms hold the largest share at about 45%, benefiting from growing consumer demand for blockchain-verified food origins and certifications. Company stores represent 35%, using blockchain to enhance authenticity and direct sales transparency, while other channels, including B2B trade and digital marketplaces, contribute 20%.

➥By application, product traceability, tracking, and visibility lead with a 40% share, ensuring end-to-end transparency from farm to consumer. Payment and settlement applications account for 20%, offering secure and real-time transactions. Smart contracts represent 15%, enabling automation of supply agreements and quality validation. Governance, risk, and compliance management make up another 15%, supporting certifications and regulatory audits, while other applications, including sustainability reporting and data authentication, account for 10%.

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Regional Insights:

North America holds the largest share of the global blockchain in agriculture market, accounting for around 35% of total revenue. The region's growth is driven by strong technological infrastructure, early adoption of blockchain solutions, and increasing implementation of digital traceability systems by major food producers and retailers. The United States and Canada are at the forefront, with blockchain being used to enhance supply chain transparency, food safety compliance, and sustainability reporting across agriculture and food sectors.

Europe accounts for approximately 25% of the market, supported by stringent food traceability regulations, sustainability initiatives, and government-backed blockchain pilot programs. Countries such as Germany, France, the Netherlands, and the United Kingdom are implementing blockchain to authenticate organic and fair-trade produce, ensuring provenance and consumer trust in agricultural supply chains.

Asia-Pacific represents about 30% of the market and is expected to witness the fastest growth during the forecast period. Rapid digitalization, rising investment in smart agriculture, and government efforts to modernize agri-supply chains are propelling adoption in China, India, Japan, and Australia. The region is increasingly utilizing blockchain for crop tracking, seafood export traceability, and smart contract farming systems.

Latin America holds roughly 5% of the market, driven by growing demand for sustainable and transparent food production. Countries like Brazil, Argentina, and Mexico are adopting blockchain to track commodities such as soybeans, coffee, and cocoa from farm to export markets, improving trade efficiency and trust among stakeholders.

Market Dynamics:

Increase in Demand for Smart Agriculture Practices
The growing interest among consumers in understanding where their food comes from and how it is produced is significantly driving the adoption of blockchain in agriculture. Blockchain technology enables the recording of every stage of a product's journey from planting and harvesting to processing, packaging, and distribution on a secure, tamper-proof digital ledger. This provides real-time traceability, allowing quick and accurate tracking in cases of contamination or quality issues, thereby ensuring food safety and compliance with regulatory standards.

Moreover, leading companies are focusing on developing innovative blockchain-based solutions that offer greater transparency and accuracy to consumers. For instance, in July 2020, J.M. Smucker Company, through its 100% Colombian Coffee brand 850® Coffee, collaborated with Farmer Connect to enable customers to track the origin of their coffee using IBM's blockchain technology. This initiative improved efficiency and fairness across the coffee supply chain, strengthening consumer trust and loyalty.

Rise in Demand for Supply Chain Transparency
The global agricultural ecosystem is witnessing a surge in demand for supply chain transparency, driven by consumers' growing awareness of ethical sourcing, sustainability, and production integrity. Blockchain provides an immutable system for verifying product quality, detecting contaminants, and ensuring compliance with food safety standards. By offering verifiable data on the origin and handling of agricultural products, blockchain not only enhances transparency but also supports producers and retailers in maintaining accountability throughout the value chain.

Governments worldwide are also recognizing the potential of blockchain in promoting digital trust and efficiency. For instance, in June 2023, the Minister for Information Technology and Digital Services of Tamil Nadu, India, launched the State Training Centre for e-Governance and Nambikkai Inaiyam (NI) a blockchain-based infrastructure designed to build secure, transparent, and citizen-centric workflows. The NI platform operates as a Blockchain-as-a-Service (BaaS) solution for government departments and public sector organizations, promoting the use of blockchain for governance and digital agriculture initiatives. Such government-led initiatives are expected to accelerate blockchain adoption in the agricultural sector by providing scalable, secure, and interoperable frameworks for traceability and data management.

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