Blockchain in Agriculture and Food Supply Chain Market Scope, Analysis, and Trends by 2031
Blockchain in Agriculture and Food Supply Chain Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 162.81 million |
| Market Size by 2031 | US$ 2463.47 million |
| Global CAGR (2023 - 2031) | 40.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Stakeholder
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The "Blockchain in Agriculture and Food Supply Chain Market Analysis" was carried out based on stakeholders, organization size, application, and geography. On the basis of stakeholders, the market is segmented into growers, food manufacturers/processors, and retailers. Based on organization size, the market is segmented into large enterprises and SMEs. Based on application, the blockchain in agriculture and food supply chain market is segmented into product traceability, payment and settlement, smart contracts, and governance risk and compliance management. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Blockchain in Agriculture and Food Supply Chain Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the blockchain in the agriculture and food supply chain market. A few recent key market developments are listed below:
- In March 2021, BlockApps, an enterprise blockchain platform provider, announced the expansion of the TraceHarvest network with Amazon Web Services (AWS). BlockApps’ TraceHarvest blockchain solution will leverage AWS to provide TraceHarvest’s agribusiness customers fast, flexible access to the cloud. TraceHarvest allows customers to track and trace the full lifecycle of agricultural products starting at the seed source using blockchain.
[Source: BlockApps, Company Website]
- In January 2020, Farmer Connect and IBM announced a new consumer mobile application called "Thank My Farmer," which will allow coffee drinkers to trace their coffee to understand its quality and origin and even support the farmer who grew the beans. Farmer Connect is a traceability platform powered by IBM Blockchain designed to help increase traceability, efficiency and fairness in the coffee supply chain.
[Source: IBM, Company Website]
Blockchain in Agriculture and Food Supply Chain Market Report Coverage & Deliverables
The Blockchain in Agriculture and Food Supply Chain Market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Blockchain in Agriculture and Food Supply Chain Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
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