Blockchain in Agriculture and Food Supply Chain Market Report 2025

This Blockchain In Agriculture And Food Supply Chain market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The blockchain in agriculture and food supply chain market size has grown exponentially in recent years. It will grow from $0.58 billion in 2024 to $0.84 billion in 2025 at a compound annual growth rate (CAGR) of 45.2%. The growth in the historic period can be attributed to enhanced traceability and transparency, prevention of food fraud and contamination, consumer demand for transparency, supply chain efficiency, reduction of food waste.

The blockchain in agriculture and food supply chain market size is expected to see exponential growth in the next few years. It will grow to $4.04 billion in 2029 at a compound annual growth rate (CAGR) of 48.3%. The growth in the forecast period can be attributed to enhanced food safety measures, stakeholder education and awareness, focus on sustainable and ethical practices, resilience against disruptions, customs and regulatory compliance. Major trends in the forecast period include enhanced traceability and transparency, food safety and quality assurance, smart contracts for automation, sustainable and ethical sourcing, supply chain optimization, increased adoption of blockchain.

The blockchain in agriculture and food supply chain market has been bolstered by the growing demand from small and medium enterprises within the sector. This trend is primarily driven by larger companies investing heavily in enhancing their existing solutions, while new businesses are developing unique solutions tailored to the needs of their national and regional markets. For instance, in October 2023, the Department for Business and Trade, a UK-based government department focused on promoting economic growth, innovation, energy security, and shaping industrial strategy, reported that the number of small-scale enterprises reached 217 in 2022 and continued to rise to 223 in 2023. For medium-scale enterprises, there was a slight increase from 36 in 2020 to 37 in 2023. Therefore, the growth of small and medium enterprises is anticipated to drive the blockchain in agriculture and food supply chain market throughout the forecast period.

The integration of Internet of Things (IoT) devices is expected to propel the growth of the blockchain in agriculture and food supply chain market going forward. The Internet of Things (IoT) is a networked system of interconnected computing devices, mechanical and electronic machinery with unique identities (UIDs), and the capacity to transfer data without needing human-to-human or human-to-computer contact. The integration of Internet of Things (IoT) devices in blockchain for agriculture and food supply chains enhances real-time monitoring and data collection, ensuring greater transparency, traceability, and quality control while improving overall supply chain efficiency. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, the global IoT connections reached 13. 2 billion connections in 2022 and are expected to increase by 18% to 34. 7 billion connections by 2028. Therefore, the integration of Internet of Things (IoT) devices is driving the growth of the blockchain in agriculture and food supply chain market.

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.

Major companies in the agriculture and food supply chain market are concentrating on creating technologically advanced solutions, such as digital frameworks, to improve efficiency, traceability, and sustainability throughout the supply chain. Digital frameworks are structured systems that incorporate technology and digital tools to streamline processes, enhance communication, and optimize data management within an organization. For example, in October 2023, Silal, an Agri-Tech Food Company based in Abu Dhabi, launched a blockchain-powered traceability system aimed at increasing crop transparency and fostering consumer trust. This blockchain-based traceability system enhances transparency by enabling consumers to track their food from farm to fork, thereby building confidence in the supply chain. Furthermore, it boosts efficiency and food safety by automating data capture and swiftly identifying contamination sources during outbreaks.

Major companies operating in the blockchain in agriculture and food supply chain market include International Business Machines Corporation, Microsoft Corporation, SAP SE, Ambrosus AG, Arc-net, OriginTrail Ltd., Rip. io, Provenance Ltd., Chainvine Limited (ChainVine), AgriDigital Pty Ltd., Riiot Labs SA, VeChain Foundation, BlockGrain, AgriChain Pty Ltd., TE-FOOD International GmbH, Agri 10x LLC, AgriLedger Ltd., AgroChain Ltd., Bext Holdings Inc., Cargill Incorporated, CropIn Technology Solutions Pvt. Ltd., Deere & Company, Eka Software Solutions Pvt. Ltd., Emerson Electric Co., FoodLogiQ LLC, Full Profile Pty Ltd, GrainChain Inc., Kisan Network, Modi Infosol Pvt. Ltd., Nestlé S. A., Ripe Technology Inc., The Seam LLC, Topl LLC, Trace Genomics Inc., Unilever PLC, Viant Technology LLC, Walmart Inc., Yara International ASA, Zume Inc.

North America was the largest region in the blockchain in agriculture and food supply chain market in 2024. 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, Africa.

Blockchain in agriculture and food supply chain refers to a technology that enables information traceability throughout the food supply chain to enhance food safety. Additionally, it gives users a safe way to store and manage data, which makes it easier to create and use data-driven innovations for smart farming and smart index-based crop insurance.

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 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.

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, Italy, Canada, Spain.

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.

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