Agrifood Blockchain Market to Reach US$ 1,114.1 Million by 2031 | CAGR 32.12% | North America Leads with 40% Share | Key Players: IBM, Microsoft, SAP, Oracle, Ripe Technology, AgriDigital, Arc-net, OPTiM Corporation

Market Overview

The global Agrifood Blockchain market reached US$ 120.1 million in 2022 and is projected to grow to US$ 1,114.1 million by 2031, expanding at a CAGR of 32.12% during the forecast period 2024-2031. The market growth is fueled by rising consumer demand for transparency and traceability in the food supply chain, alongside the need to address challenges such as food safety, fraud prevention, and operational inefficiencies. Blockchain technology provides a secure, distributed ledger system that ensures all stakeholders farmers, processors, distributors, and retailers can share and verify information reliably.

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Recent Developments

✅ January 2026: In North America, major food technology platforms expanded blockchain-enabled traceability solutions to support compliance with evolving food safety regulations and to improve transparency from farm to consumer.

✅ December 2025: In Europe, blockchain traceability networks were scaled to include cross‐border provenance data exchanges with major grocery retailers and logistics partners to enhance food safety and quality reporting.

✅ November 2025: In Asia‐Pacific, collaboration between technology providers and agricultural cooperatives accelerated blockchain‐IoT integration for real‐time traceability of seafood and premium Wagyu beef supply chains.

✅ October 2025: In Latin America, national pilot programs introduced blockchain traceability for livestock and crop commodity markets, aiming to reduce fraud and improve export certifications.

✅ September 2025: In the Middle East, blockchain adoption expanded in fresh produce and refrigerated food logistics, improving cold‐chain transparency and minimizing spoilage across retail supply networks.

✅ August 2025: In Africa, agritech initiatives launched blockchain‐enabled food quality verification platforms to support smallholder farmers and strengthen trust with regional buyers.

Mergers & Acquisitions:

✅ January 2026: In North America, a leading blockchain infrastructure firm acquired a traceability solutions provider to broaden its offering across agricultural and food supply chains.

✅ December 2025: In Europe, a major foodtech group merged with a blockchain data exchange startup to enhance interoperability and provenance services for multinational food brands.

✅ November 2025: In Asia‐Pacific, a technology consortium acquired a regional blockchain platform focused on connecting farmers, processors, and retailers in emerging markets.

✅ October 2025: In Latin America, an agri‐tech investment fund acquired stakes in multiple blockchain food traceability startups to accelerate regional adoption and supply chain digitalization.

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Key Players:

IBM Corporation - Holds 18% share, driven by its enterprise blockchain solutions for food traceability, farm-to-fork transparency, and supply chain optimization.

Microsoft - Holds 15% share, supported by Azure-based blockchain platforms that enable secure, scalable traceability and smart contracts for agrifood supply chains.

SAP SE - Holds 12% share, fueled by its blockchain-enabled ERP solutions integrating production, logistics, and compliance data for global food brands.

Oracle - Holds 10% share, providing cloud-based blockchain networks to enhance transparency, provenance verification, and regulatory compliance.

Ripe Technology - Holds 9% share, focusing on digital platforms connecting farmers, distributors, and retailers with real-time blockchain tracking.

AgriDigital - Holds 8% share, enabling blockchain-based commodity finance, payments, and supply chain traceability for grains and other crops.

Arc-net - Holds 7% share, delivering blockchain networks for agricultural cooperatives and supply chain collaboration across Asia-Pacific.

OPTiM Corporation - Holds 6% share, offering IoT-integrated blockchain solutions for monitoring and verifying agricultural product quality.

Market Segmentation:

By Type, public blockchain solutions dominate the market with around 60% share, driven by their transparency, decentralized verification, and adoption by global agrifood supply chains. Private blockchains account for 40%, favored by enterprises seeking controlled access, confidentiality, and faster transaction speeds.

➥By Provider, application and solution providers lead with a 50% share, offering end-to-end platforms for traceability, supply chain monitoring, and smart contracts. Middleware providers hold 30%, supplying integration layers that connect blockchain networks with existing enterprise systems. Infrastructure and protocol providers contribute 20%, enabling secure, scalable, and interoperable blockchain frameworks for agrifood applications.

➥By Application, product traceability, tracking, and visibility account for the largest share at 55%, as stakeholders increasingly prioritize food safety, origin verification, and real-time supply chain monitoring. Payment and settlement solutions hold 20%, facilitating transparent financial transactions across the supply chain. Smart contracts contribute 15%, automating agreements and reducing operational delays. Governance, risk, and compliance management account for 10%, ensuring regulatory adherence and mitigating fraud risks.

➥By End-User, food manufacturers and processors dominate with 45% share, leveraging blockchain for product quality assurance and supply chain efficiency. Growers hold 30%, using blockchain to demonstrate product authenticity and access premium markets. Retailers contribute 25%, adopting blockchain solutions to provide transparent information to consumers and enhance trust in food sourcing.

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Regional Insights:

North America dominates the global agrifood blockchain market, accounting for approximately 40% of the total share. The region's growth is driven by robust technological infrastructure, early adoption of blockchain in supply chains, and strong investments in agrifood startups. Major players, including IBM, Microsoft, and Oracle, are actively implementing blockchain solutions for food traceability, supply chain optimization, and smart contract management. The growing consumer demand for transparency and traceability, along with government initiatives supporting digital agriculture, further accelerates adoption in North America.

Europe holds around 25% of the global market share, supported by stringent food safety regulations, sustainability initiatives, and increasing investments in digital supply chain technologies. Countries such as Germany, France, the U.K., and the Netherlands are at the forefront of implementing blockchain for certification, product traceability, and compliance in agrifood systems.

Asia-Pacific accounts for roughly 30% of the market and is expected to experience the fastest growth during the forecast period. Rapid digitization in agriculture, rising demand for quality-assured food, and growing government support for smart farming initiatives are driving blockchain adoption in countries like China, Japan, India, and Australia. The expansion of local agritech startups and increased collaboration between farmers and technology providers is also boosting regional growth.

Market Dynamics:

Increase in Demand for Agricultural Supply-Chain Transparency
The global agrifood blockchain market is being driven by the growing consumer demand for transparency in food production and supply chains. Consumers are increasingly seeking information about the origin, quality, and safety of the food they consume. Blockchain technology provides a secure and tamper-proof method to track food from farm to table, ensuring authenticity and building trust among end-users. It enables real-time tracking of farming practices, processing methods, and transportation details, helping brands demonstrate ethical sourcing and sustainability. Moreover, blockchain reduces paperwork, minimizes errors, prevents fraud, and streamlines supply chain operations by providing immutable transaction records accessible to all stakeholders. These capabilities are critical in managing complex agrifood networks efficiently.

Growth in Concerns Toward Food Wastage
Food wastage is a major global concern, with approximately 13% of food lost between harvest and retail and an additional 17% wasted in households, food services, and retail sectors. Blockchain technology addresses this challenge by improving transparency and traceability across the supply chain, enabling stakeholders to identify inefficiencies that lead to losses. It also facilitates better demand forecasting, allowing producers and distributors to optimize production and inventory levels, thereby minimizing overproduction and reducing associated waste. Furthermore, blockchain supports ethical sourcing and sustainable practices, aligning with the growing consumer preference for environmentally responsible food systems.

Lack of Technical Skillset in Blockchain Technology
Despite its advantages, the adoption of blockchain in agrifood is constrained by a shortage of skilled personnel. Implementing blockchain requires expertise in technology infrastructure, application development, and system integration. Small-scale farmers and growers, particularly in rural areas, often lack the technical knowledge to adopt and manage blockchain systems effectively. The scarcity of a trained workforce within the agricultural sector poses a significant challenge to widespread deployment, limiting the overall growth potential of the market.

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