Quick Summary:
As innovation drives the intertwining of technology and agriculture, the market for blockchain in agriculture and food supply chains is rapidly expanding. This revolutionary technology provides game-changing solutions to age-old obstacles in food safety and traceability. However, entering this frontier requires an in-depth understanding of the market landscape, potential challenges, and opportunities for strategic positioning.
Our comprehensive market research report offers you an invaluable compilation of detailed insights and statistics. It illuminifies the various market segments and their differing landscapes, from public and private blockchains to the roles of different stakeholders. It also highlights significant trends shaping the industry, like the incorporation of Internet of Things (IoT) with blockchain for more secure data management and financial transactions. Thus, whether you're a grower, food manufacturer, or retailer, our report is a pivotal resource for navigating the intricacies of the blockchain in agriculture and food supply chain market.
The blockchain in agriculture and food supply chain market covered in the report is segmented by type into the public blockchain, private blockchain, consortium/hybrid blockchain; by stakeholder into growers, food manufacturers/processors, and retailers; by application into product traceability, tracking, and visibility, payment and settlement, smart contracts, governance, risk and compliance management.
The global blockchain in agriculture and food supply chain market grew from $0.28 billion in 2022 to $0.41 billion in 2023 at a compound annual growth rate (CAGR) of 47.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blockchain in agriculture and food supply chain market is expected to grow to $1.92 billion in 2027 at a CAGR of 47.1%.
The blockchain in agriculture and food supply chain market research report is one of a series of new reports that provides blockchain in agriculture and food supply chain market statistics, including blockchain in agriculture and food supply chain industry global market size, regional shares, competitors with a blockchain in agriculture and food supply chain market share, detailed blockchain in agriculture and food supply chain market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in agriculture and food supply chain industry. This blockchain in agriculture and food supply chain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Blockchain in the food and agriculture market can be expensive and this can hinder the market growth. Obtaining the data uploaded to a blockchain can be costly, and this can create a barrier to the adoption of blockchain technology in the agricultural sector. For instance, the DNA of livestock animals could be expensive. The average cost of data collection is lower for larger farms than smaller ones, which raises the concern of increasing the income discrepancy. Therefore, obtaining data in a blockchain is expensive and hinders market growth.
The use of blockchain with IoT is an emerging trend followed by companies in the blockchain in agriculture and food supply chain market. Companies are using blockchain to secure data in IoT devices. IoT involves a system of devices that can collect, transfer, and store data over a wireless network. The use of blockchain with IoT devices enables smart devices to exchange data and other financial transactions in a scalable, private, and reliable manner. Blockchain technology with IoT further supports businesses to share and access data without the need for central control and management. For instance, in February 2022, Vodafone Group plc, a UK-based multinational telecommunications company, introduced Digital Asset Broker (DAB) platform, a blockchain-based trading platform for IoT devices and sensors. The new Digital Asset Broker (DAB) technology, which is purportedly designed to promote the economy of things, enables verified connected objects to transact securely without human oversight but under human (the "owner") control by creating individualized digital identities for using payment technologies and mobile SIM security to interact and transact with other devices.
In April 2020, Nestle, a Swiss food and drink processing company, partnered with a party certifier, The Rainforest Alliance, to independently provide data beyond what is usually disclosed by the company. Nestle has expanded the use of the IBM Food Trust blockchain technology platform in the launch of Zoégas whole beans and roast and ground coffee in Sweden. The Rainforest Alliance provides information regarding the traceability of the coffee and the information is accessible to everyone with the IBM Food Trust blockchain platform.
North America was the largest region in the blockchain in agriculture and food supply chain market in 2022. The regions covered in the blockchain in agriculture and food supply chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the blockchain in agriculture and food supply chain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The blockchain in agriculture and food supply chain market was supported by the increased demand for small and medium enterprises in the blockchain in agriculture and food supply chain market. This is mainly due to larger businesses investing heavily in developing their existing solutions, while new businesses are producing exclusive solutions in line with the needs of their national and regional markets. According to The StartupLab 2021 report, an India-based venture capital firm, the Agritech sector in India is expanding at a rate of 25% annually, supported by rising digitization, government efforts, and investor interest. For instance, Agridigital is an Australian startup that uses blockchain to support the Australian grains industry. It helps to track and manage grains as they move throughout the value chain. Thus, the rise in small and medium enterprises is expected to drive the blockchain in agriculture and food supply chain market during the forecast period.
The blockchain in agriculture and food supply chain market includes revenues earned by entities by tracking ownership records and providing tamper-resistant data . The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the blockchain in agriculture and food supply chain market are IBM, Microsoft, SAP-SE, Ambrosus, Arc-net, OriginTrail, Rip.io, Provenance, ChainVine, and AgriDigital.
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What is the estimated value of the Global Blockchain in Agriculture and Food Supply Chain Market?
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Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | March 2023 |
Forecast Period | 2023 - 2027 |
Estimated Market Value ( USD | $ 0.41 billion |
Forecasted Market Value ( USD | $ 1.92 billion |
Compound Annual Growth Rate | 47.1% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Blockchain In Agriculture And Food Supply Chain Market Characteristics
3. Blockchain In Agriculture And Food Supply Chain Market Trends And Strategies
4. Blockchain In Agriculture And Food Supply Chain Market - Macro Economic Scenario
4.1. COVID-19 Impact On Blockchain In Agriculture And Food Supply Chain Market
4.2. Ukraine-Russia War Impact On Blockchain In Agriculture And Food Supply Chain Market
4.3. Impact Of High Inflation On Blockchain In Agriculture And Food Supply Chain Market
5. Blockchain In Agriculture And Food Supply Chain Market Size And Growth
5.1. Global Blockchain In Agriculture And Food Supply Chain Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Blockchain In Agriculture And Food Supply Chain Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Blockchain In Agriculture And Food Supply Chain Market Segmentation
6.1. Global Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Public Blockchain
- Private Blockchain
- Consortium/Hybrid Blockchain
- Growers
- Food Manufacturers/Processors
- Retailers
- Product Traceability, Tracking, And Visibility
- Payment And Settlement
- Smart Contracts
- Governance, Risk And Compliance Management
7.1. Global Blockchain In Agriculture And Food Supply Chain Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Blockchain In Agriculture And Food Supply Chain Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Blockchain In Agriculture And Food Supply Chain Market
8.1. Asia-Pacific Blockchain In Agriculture And Food Supply Chain Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9. China Blockchain In Agriculture And Food Supply Chain Market
9.1. China Blockchain In Agriculture And Food Supply Chain Market Overview
9.2. China Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Blockchain In Agriculture And Food Supply Chain Market
10.1. India Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Blockchain In Agriculture And Food Supply Chain Market
11.1. Japan Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Blockchain In Agriculture And Food Supply Chain Market
12.1. Australia Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Blockchain In Agriculture And Food Supply Chain Market
13.1. Indonesia Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Blockchain In Agriculture And Food Supply Chain Market
14.1. South Korea Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Blockchain In Agriculture And Food Supply Chain Market
15.1. Western Europe Blockchain In Agriculture And Food Supply Chain Market Overview
15.2. Western Europe Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Blockchain In Agriculture And Food Supply Chain Market
16.1. UK Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Blockchain In Agriculture And Food Supply Chain Market
17.1. Germany Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Blockchain In Agriculture And Food Supply Chain Market
18.1. France Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Blockchain In Agriculture And Food Supply Chain Market
19.1. Eastern Europe Blockchain In Agriculture And Food Supply Chain Market Overview
19.2. Eastern Europe Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Blockchain In Agriculture And Food Supply Chain Market
20.1. Russia Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Blockchain In Agriculture And Food Supply Chain Market
21.1. North America Blockchain In Agriculture And Food Supply Chain Market Overview
21.2. North America Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Blockchain In Agriculture And Food Supply Chain Market
22.1. USA Blockchain In Agriculture And Food Supply Chain Market Overview
22.2. USA Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Blockchain In Agriculture And Food Supply Chain Market
23.1. South America Blockchain In Agriculture And Food Supply Chain Market Overview
23.2. South America Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Blockchain In Agriculture And Food Supply Chain Market
24.1. Brazil Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Blockchain In Agriculture And Food Supply Chain Market
25.1. Middle East Blockchain In Agriculture And Food Supply Chain Market Overview
25.2. Middle East Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Blockchain In Agriculture And Food Supply Chain Market
26.1. Africa Blockchain In Agriculture And Food Supply Chain Market Overview
26.2. Africa Blockchain In Agriculture And Food Supply Chain Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Blockchain In Agriculture And Food Supply Chain Market Competitive Landscape And Company Profiles
27.1. Blockchain In Agriculture And Food Supply Chain Market Competitive Landscape
27.2. Blockchain In Agriculture And Food Supply Chain Market Company Profiles
27.2.1. IBM
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Microsoft
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. SAP-SE
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Ambrosus
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Arc-net
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Blockchain In Agriculture And Food Supply Chain Market
29. Blockchain In Agriculture And Food Supply Chain Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Blockchain In Agriculture And Food Supply Chain Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on blockchain in agriculture and food supply chain market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for blockchain in agriculture and food supply chain? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blockchain in agriculture and food supply chain market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Public Blockchain; Private Blockchain; Consortium/Hybrid Blockchain2) By Stakeholder: Growers; Food Manufacturers/Processors; Retailers
3) By Application: Product Traceability, Tracking, And Visibility; Payment And Settlement; Smart Contracts; Governance, Risk And Compliance Management
Companies Mentioned: IBM; Microsoft; SAP-SE; Ambrosus; Arc-net
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- IBM
- Microsoft
- SAP-SE
- Ambrosus
- Arc-net
- OriginTrail
- Rip.io
- Provenance
- ChainVine
- AgriDigital.
Methodology
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