Blockchain in Agriculture & Food Supply Chain Market by Type, Stakeholders, Organization Size, Providers, Application

Description

List of Tables

The Blockchain in Agriculture & Food Supply Chain Market was valued at USD 170.75 million in 2023, expected to reach USD 205.34 million in 2024, and is projected to grow at a CAGR of 20.74%, to USD 638.88 million by 2030.

The scope and definition of blockchain in agriculture and food supply chain involve using decentralized ledger technology to enhance transparency, traceability, and efficiency. Blockchain provides a secure, immutable record of transactions, ensuring data integrity from farm to table. The necessity for blockchain arises from increasing demands for food safety, ethical sourcing, and sustainability in the industry. Applications include tracking product origin, verifying organic and non-GMO claims, reducing food fraud, and streamlining supply chain processes. End-use sectors involve producers, suppliers, retailers, and consumers who benefit from enhanced trust and reduced operational risks.

KEY MARKET STATISTICS
Base Year [2023]	USD 170.75 million
Estimated Year [2024]	USD 205.34 million
Forecast Year [2030]	USD 638.88 million
CAGR (%)	20.74%

Key growth factors include growing consumer awareness regarding food safety and sustainability, regulatory pushes for traceability, and technological advancements in blockchain infrastructure. Additionally, integration with IoT and AI further amplifies data collection and analysis capabilities. Potential opportunities lie in the development of blockchain-powered platforms that connect all supply chain stakeholders, improvements in smart contracts for financial transactions, and partnerships with technology firms for enhanced scalability. The limitations are primarily high implementation costs, interoperability issues, and the need for industry-wide standardization. Market growth can be challenged by resistance to change from traditional systems, limited understanding among stakeholders, and regulatory uncertainty.

For business growth, innovation can focus on developing scalable, cost-effective blockchain solutions, improving user interfaces to facilitate easier adoption, and establishing strategic partnerships for ecosystem-wide integration. The nature of this market is dynamic and rapidly evolving, with a focus on collaboration between technology providers and agricultural stakeholders. Research into hybrid solutions that combine blockchain with other emerging technologies could unlock new efficiencies. Businesses are encouraged to conduct pilot projects with clear ROI metrics and actively participate in industry forums to stay ahead of regulatory trends and technological advancements. To overcome challenges, fostering a collaborative approach that involves all stakeholders and educating them about blockchain's benefits will be crucial.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Blockchain in Agriculture & Food Supply Chain Market

The Blockchain in Agriculture & Food Supply Chain Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing reliance on eCommerce for agricultural products due to convenience and ease of use
- Need to manage fraud, food safety & quality issues, and malfunctions in the agriculture supply chain
- Government initiatives encouraging blockchain tech in farming
Market Restraints
- High initial cost of implementing blockchain and limited knowledge of the technology among farmers
Market Opportunities
- Emergence of blockchain-based cloud-enabled security monitoring using internet of things in smart agriculture
- Rise of startups participating in new product development
Market Challenges
- Lack of regulations and standards to manage data handling and its appropriate utilization

Porter's Five Forces: A Strategic Tool for Navigating the Blockchain in Agriculture & Food Supply Chain Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Blockchain in Agriculture & Food Supply Chain Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Blockchain in Agriculture & Food Supply Chain Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Blockchain in Agriculture & Food Supply Chain Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Blockchain in Agriculture & Food Supply Chain Market

A detailed market share analysis in the Blockchain in Agriculture & Food Supply Chain Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Blockchain in Agriculture & Food Supply Chain Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Blockchain in Agriculture & Food Supply Chain Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Blockchain in Agriculture & Food Supply Chain Market

A strategic analysis of the Blockchain in Agriculture & Food Supply Chain Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Blockchain in Agriculture & Food Supply Chain Market, highlighting leading vendors and their innovative profiles. These include AgriChain Pty Ltd, AgriDigital, Ambrosus, Bext Holdings Inc., Chainvine Limited, Connecting Food, GrainChain, Inc., International Business Machines Corporation, Microsoft Corporation, Modum.Io AG, Optel Group, OriginTrail, d.o.o., Provenance Ltd, Ripe.io, SAP SE, ScienceSoft USA Corporation, and TE-FOOD International GmbH.

Market Segmentation & Coverage

This research report categorizes the Blockchain in Agriculture & Food Supply Chain Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Hybrid or Consortium, Private, and Public.
Based on Stakeholders, market is studied across Food Manufacturers or Processors, Growers, and Retailers.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises.
Based on Providers, market is studied across Application & Solution Provider, Infrastructure & Protocol Provider, and Middleware Provider.
Based on Application, market is studied across Governance, Risk, & Compliance Management, Payment & Settlement, Product Traceability, Tracking, & Visibility, and Smart Contract.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-DD6333AE5F7D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing reliance on eCommerce for agricultural products due to convenience and ease of use
  - 5.1.1.2. Need to manage fraud, food safety & quality issues, and malfunctions in the agriculture supply chain
  - 5.1.1.3. Government initiatives encouraging blockchain tech in farming
- 5.1.2. Restraints
  - 5.1.2.1. High initial cost of implementing blockchain and limited knowledge of the technology among farmers
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of blockchain-based cloud-enabled security monitoring using internet of things in smart agriculture
  - 5.1.3.2. Rise of startups participating in new product development
- 5.1.4. Challenges
  - 5.1.4.1. Lack of regulations and standards to manage data handling and its appropriate utilization
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Blockchain in Agriculture & Food Supply Chain Market, by Type

6.1. Introduction
6.2. Hybrid or Consortium
6.3. Private
6.4. Public

7. Blockchain in Agriculture & Food Supply Chain Market, by Stakeholders

7.1. Introduction
7.2. Food Manufacturers or Processors
7.3. Growers
7.4. Retailers

8. Blockchain in Agriculture & Food Supply Chain Market, by Organization Size

8.1. Introduction
8.2. Large Enterprises
8.3. Small & Medium-Sized Enterprises

9. Blockchain in Agriculture & Food Supply Chain Market, by Providers

9.1. Introduction
9.2. Application & Solution Provider
9.3. Infrastructure & Protocol Provider
9.4. Middleware Provider

10. Blockchain in Agriculture & Food Supply Chain Market, by Application

10.1. Introduction
10.2. Governance, Risk, & Compliance Management
10.3. Payment & Settlement
10.4. Product Traceability, Tracking, & Visibility
10.5. Smart Contract

11. Americas Blockchain in Agriculture & Food Supply Chain Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Blockchain in Agriculture & Food Supply Chain Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Blockchain in Agriculture & Food Supply Chain Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AgriChain Pty Ltd
2. AgriDigital
3. Ambrosus
4. Bext Holdings Inc.
5. Chainvine Limited
6. Connecting Food
7. GrainChain, Inc.
8. International Business Machines Corporation
9. Microsoft Corporation
10. Modum.Io AG
11. Optel Group
12. OriginTrail, d.o.o.
13. Provenance Ltd
14. Ripe.io
15. SAP SE
16. ScienceSoft USA Corporation
17. TE-FOOD International GmbH