Blockchain in Agriculture and Food Supply Chain Market Size, Scope, and Share by 2031
Blockchain in Agriculture and Food Supply Chain Market: Size and Share
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CAGR (2023 - 2031)40.4% -
Market Size 2023
US$ 162.81 million -
Market Size 2031
US$ 2463.47 million
Market Dynamics
- Need for improved transparency and traceability in food supply chains
- Rising concerns over food safety and quality
- Increasing use of blockchain by food manufacturers and retailers
- Expanding blockchain-based solutions for compliance and risk management
- Growth in demand for blockchain for product traceability
- Adoption of smart contracts in agriculture
Market Segmentation
- Growers
- Food Manufacturers/Processors
- Retailers
- Large Enterprises and SMEs
- Product Traceability
- Payment and Settlement
- Smart Contracts
- Governance Risk and Compliance Management
Blockchain in Agriculture and Food Supply Chain Market Players Density: Understanding Its Impact on Business Dynamics
The Blockchain in Agriculture and Food Supply Chain Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Blockchain in Agriculture and Food Supply Chain Market are:
- IBM
- Microsoft
- TE-FOOD InternationalGmbH
- Ambrosus
- ACR-NET
- SAP SE
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Blockchain in Agriculture and Food Supply Chain Market top key players overview