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Blockchain in Agriculture Market (and Food Supply Chain), Application (Product Traceability, Payment and Settlement, Smart Contracts, and Governance, Risk and Compliance Management), Provider, Organization Size, and Region - Global Forecast to 2023

  • ID: 4630301
  • Report
  • Region: Global
  • 147 Pages
  • Markets and Markets
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The Global Blockchain in Agriculture and Food Supply Chain Market is Estimated to be Valued at USD 60.8 Million in 2018 and is Projected to Reach USD 429.7 Million by 2023, at a CAGR of 47.8% During the Forecast Period.

FEATURED COMPANIES

  • Agridigital
  • Arc-Net
  • Blockgrain
  • Hyperledger
  • Kinakuta
  • Origintrail
  • MORE

The blockchain in agriculture and food supply chain market is projected to grow at a CAGR of 47.8%.

Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations. According to the FAO, every year about one-third of the food produced globally is wasted, which calls for a need to estimate and manage the actual supply and demand of food products so that these products reach the needy. These issues can be easily and efficiently tackled by effectively using the blockchain network. The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals. According to the 2016 Label Insight Food Revolution Study, about 94% of the respondents in the study expressed the importance of buying from manufacturers who are transparent. This has driven off the market for blockchain in agriculture and food supply chain. Another major driver of the blockchain market is the growing number of food fraud cases. According to the Grocery Manufacturers Association (GMA) (2014), the estimated food fraud cases cost USD 49.0 billion to the global food industry annually. This has resulted in an increased awareness among consumers, which is further expected to drive the growth of the blockchain in agriculture and food supply chain market. The uncertainty in regulations and standards and the limited availability of technical skillset for implementing the blockchain technology are the key factors restraining the growth of blockchain technology in the agriculture and food supply chain market.

The product traceability, tracking, and visibility segment is projected to dominate the blockchain in agriculture and food supply chain market throughout the forecast period.

Based on application, the product traceability, tracking, and visibility segment is projected to dominate the blockchain in agriculture and food supply chain market throughout the forecast period. The growing demand for platforms and solutions to attain complete traceability of food products across the supply chain and the increasing instances of food fraud in many countries are the major factors supporting the need for product traceability, tracking, and visibility application. However, there has been an increase in investments in blockchain implementation across the food and agriculture industry vertical, along with an increase in the number of pilot studies across the globe. The payment and settlement segment in the blockchain in agriculture and food supply chain market is projected to grow at the highest CAGR from 2018 to 2023. The uncertainty in regulations and standards is the major factor restraining the growth of the blockchain in agriculture and food supply chain market globally. Apart from this, the challenges faced by all stakeholders to connect digitally is another major factor affecting the growth of the blockchain in agriculture and food supply chain market.

North America is projected to dominate the blockchain in agriculture and food supply chain market during the forecast period.

In the global blockchain in agriculture and food supply chain market, North America is projected to be the largest region, in terms of value, between 2018 and 2023. This region comprises economies such as the US and Canada, which occupy a significant share of the global blockchain in agriculture and food supply chain market. This region has witnessed maximum investments in the R&D of new technologies majorly involved in the trade movement of food and agriculture commodities. This has created a higher probability of the adoption of this technology in this region. The presence of large technology providers such as IBM and Microsoft in North America and large retailers and food processors such as Walmart, McCormick & Co., and Dole Food Company is the major factor contributing to the growth of the blockchain in agriculture and food supply chain market in this region.

Break-up of primaries:

  • By Company Type: Tier 1–25%, Tier 2–30%, Tier 3–45%
  • By Designation: C level–35%, Director level–25%, Others–40%
  • By Region: North America–30%, Europe–15%, Asia Pacific–45%, and RoW–10%

Research Coverage

The blockchain in agriculture and food supply chain market has been segmented based on provider, application, organization size, and region. In terms of insights, this report has focused on various levels of analyses such as industry analysis; and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global blockchain in agriculture and food supply chain market; high-growth regions; and countries along with their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the blockchain in agriculture and food supply chain market with specific reference to provider, application, region, and organization size.
  • To gain valuable information about the top players in this industry, their technology and solution portfolios, and key strategies adopted by them.
  • To gain insights into the major regions/countries where the blockchain in agriculture and food supply chain industry is flourishing.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agridigital
  • Arc-Net
  • Blockgrain
  • Hyperledger
  • Kinakuta
  • Origintrail
  • MORE

1 Introduction

1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
       1.3.1 Markets Covered
       1.3.2 Periodization Considered
1.4 Currency Considered
1.5 Stakeholders

2 Research Methodology

2.1 Research Data
       2.1.1 Secondary Data
       2.1.2 Primary Data
                2.1.2.1 Key Industry Insights
                2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights

4.1 Opportunities in the Blockchain in Agriculture and Food Supply Chain Market
4.2 Blockchain in Agriculture and Food Supply Chain Market: Key Country
4.3 Blockchain in Agriculture and Food Supply Chain Market, By Provider & Region
4.4 Blockchain in Agriculture and Food Supply Chain Market, By Application
4.5 Developed vs Developing Markets for Blockchain in Agriculture and Food Supply Chain
4.6 Blockchain in Agriculture and Food Supply Chain Market, By Organization Size
4.7 North America: Blockchain in Agriculture and Food Supply Chain Market, By Application & Country

5 Market Overview

5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
       5.3.1 Drivers
                5.3.1.1 Increase in Demand for Supply Chain Transparency
                5.3.1.2 Rise in Cases of Food Fraud
                5.3.1.3 Growth in Concerns Toward Food Wastage
       5.3.2 Restraints
                5.3.2.1 Uncertainty in Regulations and Standards
                5.3.2.2 Limited Availability of Technical Skillsets for Implementing the Blockchain Technology
       5.3.3 Opportunities
                5.3.3.1 Increase in Funding and Investments in Food Blockchain
                5.3.3.2 Increase in Adoption of the Blockchain Technology Within the Food Supply Chain
       5.3.4 Challenges
                5.3.4.1 Connecting All the Stakeholders Together Digitally is Difficult
                5.3.4.2 Increased Issues Regarding Privacy
                5.3.4.3 Lack of Awareness of Blockchain Technology
5.4 Industry Trends
       5.4.1 Types of Blockchain Technology
       5.4.2 Public Blockchain
       5.4.3 Private Blockchain
       5.4.4 Consortium Blockchain
5.5 Blockchain Associations and Consortiums
       5.5.1 R3 Consortium
       5.5.2 Kinakuta
       5.5.3 Hyperledger
       5.5.4 Global Blockchain Business Council
       5.5.5 World Blockchain Association
       5.5.6 Blockchain Alliance
       5.5.7 Trace Alliance
       5.5.8 Blockchain Collaborative Consortium (BCC)
       5.5.9 Blockchain Industry Group (BIG)
5.6 Use Cases
       5.6.1 Use Case 1: Provenance Ties Up With the Co-Op to Prove the Journey and Authenticity of Fresh Produce
       5.6.2 Use Case 2: Provenance Conducts A Pilot Study for Tracking the Origin of Tuna Fish From Indonesia
       5.6.3 Use Case 3: Origintrail and Tagitsmart Tie Up With Plantaze to Trace Wine With Smart Sensors
       5.6.4 Use Case 4: IBM Tie Up With Walmart (US) to Track Pork in China and Mangoes in US to Ensure Food Safety
       5.6.5 Use Case 5: Arc-Net Ties Up With Ireland Craft Beers (ICB) to Track the Authenticity of Its Wine
       5.6.6 Use Case 6: Foodchain Ties Up With Caffè San Domenico to Study the Story of the Coffee
       5.6.7 Use Case 7: Agridigital Ties Up With Tremlett Storage to Efficiently Manage Client Records
       5.6.8 Use Case 8: Georgian Government Uses Blockchain Technology to Limit Land Frauds
       5.6.9 Use Case 9: Te-Food Ties Up With Nongshim to Traceback Its Food Products

6 Blockchain in Agriculture and Food Supply Chain Market, By Stakeholder

6.1 Introduction
6.2 Growers
6.3 Food Manufacturers/Processors
6.4 Retailers

7 Blockchain in Agriculture and Food Supply Chain Market, By Provider

7.1 Introduction
7.2 Application and Solution Provider
7.3 Middleware Provider
7.4 Infrastructure and Protocol Provider

8 Blockchain in Agriculture and Food Market, By Application

8.1 Introduction
8.2 Product Traceability, Tracking, and Visibility
8.3 Payment and Settlement
8.4 Smart Contract
8.5 Governance, Risk, and Compliance Management

9 Blockchain in Agriculture and Food Market, By Organization Size

9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises

10 Blockchain in Agriculture and Food Supply Chain Market, By Region

10.1 Introduction
10.2 North America
        10.2.1 US
        10.2.2 Canada
        10.2.3 Mexico
10.3 Europe
        10.3.1 UK
        10.3.2 Germany
        10.3.3 Rest of Europe
10.4 Asia Pacific
        10.4.1 China
        10.4.2 Australia
        10.4.3 India
        10.4.4 Singapore
        10.4.5 Rest of Asia Pacific
10.5 Rest of the World (RoW)
        10.5.1 Brazil
        10.5.2 UAE
        10.5.3 Kenya & Nigeria
        10.5.4 South Africa
        10.5.5 Others in RoW

11 Competitive Landscape

11.1 Overview
        11.1.1 Key Market Strategies
11.2 Competitive Scenario
        11.2.1 Expansions
        11.2.2 New Product Launches
        11.2.3 Funding
        11.2.4 Partnerships and Collaborations

12 Company Profiles

12.1 IBM
12.2 Microsoft
12.3 SAP SE
12.4 Ambrosus
12.5 Origintrail
12.6 Arc-Net
12.7 Provenance
12.8 Blockgrain
12.9 Agridigital
12.10 Ripe.Io
12.11 Chainvine
12.12 Vechain

13 Appendix

List of Tables

Table 1 USD Exchange Rates Considered, 2013–2017
Table 2 Few Recalls of Fda-Approved Food Products, in 2018
Table 3 Some of the Major Food Fraud Cases Around the World in 2018
Table 4 Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 5 Application and Solution Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 6 Middleware Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 7 Infrastructure and Protocol Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 8 Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 9 Product Traceability, Tracking, and Visibility: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 10 Payment and Settlement: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 11 Smart Contract: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 12 Governance, Risk, and Compliance Management: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 13 Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 14 Large Enterprises Market Size, By Region, 2016–2023 (USD Million)
Table 15 Small and Medium-Sized Enterprises Market Size, By Region, 2016–2023 (USD Million)
Table 16 Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 17 North America: Blockchain in Agriculture and Food Supply Chain Market Size, By Country, 2016–2023 (USD Million)
Table 18 North America: Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 19 North America: Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 20 North America: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 21 US: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 22 Canada: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 23 Mexico: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 24 Europe: Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 25 Europe: Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 26 Europe: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 27 Europe: Blockchain in Agriculture and Food Supply Chain Market Size, By Country, 2016–2023 (USD Million)
Table 28 UK: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 29 Germany: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 30 Rest of Europe: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 31 Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market Size, By Country, 2016–2023 (USD Million)
Table 32 Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 33 Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 34 Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 35 China: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 36 Australia: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 37 India: Blockchain in Agriculture and Food Supply Chain Market Size, By Source, 2016–2023 (USD Million)
Table 38 Singapore: Blockchain in Agriculture and Food Supply Chain Market Size, By Source, 2016–2023 (USD Million)
Table 39 Rest of Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market Size, By Source, 2016–2023 (USD Million)
Table 40 RoW: Blockchain in Agriculture and Food Supply Chain Market Size, By Country/Region, 2016–2023 (USD Million)
Table 41 RoW: Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 42 RoW: Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 43 RoW: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 44 Brazil: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 45 UAE: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 46 Kenya & Nigeria: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 47 South Africa: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 48 Others in RoW: Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2016–2023 (USD Million)
Table 49 Expansions, 2014–2018
Table 50 New Product Launches, 2014–2018
Table 51 Funding, 2014–2018
Table 52 Partnerships and Collaborations, 2014–2018

List of Figures

Figure 1 Blockchain in Agriculture and Food Supply Chain Market Segmentation
Figure 2 Blockchain in Agriculture and Food Supply Chain Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Blockchain in Agriculture and Food Supply Chain Market Size, By Organization Size, 2018 vs 2023 (USD Million)
Figure 8 Blockchain in Agriculture and Food Supply Chain Market Size, By Provider, 2018 vs 2023 (USD Million)
Figure 9 Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 10 Asia Pacific to Grow at the Highest CAGR in the Blockchain in Agriculture and Food Supply Chain Market From 2018 to 2023
Figure 11 Blockchain in Agriculture and Food Supply Chain Market Share, By Region, 2017
Figure 12 Food Product Traceability to Drive the Growth of the Market for Blockchain in Agriculture and Food Supply Chain
Figure 13 India to Be the Fastest-Growing Country-Level Market for Blockchain in Agriculture and Food Supply Chain Through 2023
Figure 14 North America Dominated Globally With the Largest Shares in the Three Types of Providers in the Market for Blockchain in Agriculture and Food Supply Chain in 2017
Figure 15 Product Traceability, Tracking, and Visibility Dominated the Market in 2017
Figure 16 Developing Countries to Emerge at the Highest Growth Rates During the Forecast Period
Figure 17 Large Enterprises Segment Dominated the Market for Blockchain in Agriculture and Food Supply Chain
Figure 18 The US Accounted for the Largest Share in North America in 2017
Figure 19 Evolution of the Global Blockchain Market
Figure 20 Blockchain in Agriculture and Food Supply Chain Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Importance of Food Transparency for Consumers, 2016
Figure 22 Steps Involved in the Implementation of Blockchain Technology in Any Organization
Figure 23 Food Manufacturers/Processors Segment Dominated the Blockchain in Agriculture and Food Supply Chain Market in 2017
Figure 24 Application and Solution Provider Segment to Grow at the Highest CAGR During the Forecast Period
Figure 25 Application and Solution Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018–2023 (USD Million)
Figure 26 Middleware Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018-2023 (USD Million)
Figure 27 Infrastructure and Protocol Provider: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018-2023 (USD Million)
Figure 28 Blockchain in Agriculture and Food Supply Chain Market Size, By Application, 2018–2023 (USD Million)
Figure 29 Product Traceability, Tracking, and Visibility: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018–2023 (USD Million)
Figure 30 Payment and Settlement: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018–2023 (USD Million)
Figure 31 Smart Contract: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018–2023 (USD Million)
Figure 32 Governance, Risk, and Compliance Management: Blockchain in Agriculture and Food Supply Chain Market Size, By Region, 2018–2023 (USD Million)
Figure 33 Geographic Snapshot (2018–2023): India, Singapore, and Australia are Emerging as New Hotspots, in Terms of Value
Figure 34 North America: Market Snapshot
Figure 35 Europe: Blockchain in Agriculture and Food Supply Chain Market Snapshot
Figure 36 Asia Pacific: Blockchain in Agriculture and Food Supply Chain Market
Figure 37 Key Developments of the Leading Players in the Blockchain in Agriculture and Food Supply Chain Market Between 2014 & 2018
Figure 38 Blockchain in Agriculture and Food Supply Chain Market Developments, By Growth Strategy, 2014–2018
Figure 39 IBM: Company Snapshot
Figure 40 IBM: SWOT Analysis
Figure 41 Microsoft: Company Snapshot
Figure 42 Microsoft: SWOT Analysis
Figure 43 SAP SE: Company Snapshot
Figure 44 SAP SE: SWOT Analysis
Figure 45 Ambrosus: SWOT Analysis
Figure 46 Origintrail: SWOT Analysis
Figure 47 Arc-Net: SWOT Analysis

Note: Product cover images may vary from those shown
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  • IBM
  • Microsoft
  • SAP SE
  • Ambrosus
  • Origintrail
  • Arc-Net
  • Provenance
  • Blockgrain
  • Agridigital
  • Ripe.Io
  • Chainvine
  • Vechain
  • R3 Consortium
  • Kinakuta
  • Hyperledger
  • Global Blockchain Business Council
  • World Blockchain Association
  • Blockchain Alliance
  • Trace Alliance
  • Blockchain Collaborative Consortium (BCC)
  • Blockchain Industry Group (BIG)
Note: Product cover images may vary from those shown
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