Global Blockchain in Agriculture and Food Market to Grow at a CAGR of 47% During the Forecast Period (2024–2032)

Straits Research is excited to announce the release of its comprehensive report on the global Blockchain in Agriculture and Food Market. The market size was valued at USD [XX] Billion in 2023 and is projected to reach from USD [XX] Billion in 2024 to USD [XX] Billion by 2032, growing at an impressive CAGR of 47% during the forecast period (2024–2032).

Blockchain in Agriculture and Food Market Catalysts for Expansion

Several key catalysts are driving the expansion of the Blockchain in Agriculture and Food Market:

• Supply Chain Transparency: The need for transparency and traceability in the food supply chain is a significant driver. Blockchain technology provides a secure and immutable ledger, allowing stakeholders to track the journey of food products from farm to fork.

• Consumer Demand for Food Safety: Increasing consumer awareness and demand for food safety and quality are propelling the adoption of blockchain solutions in agriculture and food.

• Regulatory Compliance: Stringent regulations and standards for food safety and quality are encouraging the implementation of blockchain technology to ensure compliance.

• Reduction of Food Fraud: Blockchain technology helps in reducing food fraud by providing verifiable and tamper-proof records of food products.

• Enhanced Efficiency and Cost Savings: The integration of blockchain technology in agriculture and food supply chains enhances operational efficiency, reduces costs, and minimizes waste.

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Blockchain in Agriculture and Food Market Segment Breakdown

Based On Organization Size:

1. Large Enterprises

2. Small and Medium-Sized Enterprises (SMEs)

Based On Type:

1. Public

2. Private

3. Hybrid/Consortium

Based On Providers:

1. Application and Solution Providers

2. Infrastructure Providers

3. Middleware Providers

Based On Stakeholders:

1. Growers

2. Retailers

3. Food Manufacturers/Processors

Based On Application:

1. Product Traceability, Tracking, and Visibility

2. Smart Contract

3. Governance, Risk, and Compliance Management

4. Payment and Settlement

   Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/blockchain-in-agriculture-and-food-market/segmentation

Top Performing Companies

The Blockchain in Agriculture and Food Market is highly competitive, with several top-performing companies driving innovation and growth. Some of the key players include:

1. AgriChain Pty Ltd.

2. Ambrosus

3. arc-net

4. Bext 360

5. Coin 22

6. Filament

7. FoodCoin Ecosystem

8. Full Profile Pty Ltd

9. IBM Corporation

10. Obook Holdings Inc. (OwlTing)

11. OriginTrail

12. Project Provenance Ltd.

13. Ripe Technology Inc.

14. Microsoft Corporation

15. SAP SE

16. TE-Food International GmbH.

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Blockchain in Agriculture and Food Market Emerging Prospects

Emerging prospects in the Blockchain in Agriculture and Food Market include the integration of blockchain with other advanced technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI). These integrations enable real-time data collection, predictive analytics, and automation, further enhancing the efficiency and accuracy of blockchain solutions in agriculture and food supply chains.

Blockchain in Agriculture and Food Market Industry Movements

The market is witnessing several industry movements, including strategic partnerships, collaborations, and investments. Companies are forming alliances to develop and implement innovative blockchain solutions, ensuring better transparency, efficiency, and sustainability in the agriculture and food sectors. Additionally, investments in research and development are driving technological advancements and the adoption of blockchain technology.

Blockchain in Agriculture and Food Market Geographic Analysis

The geographic analysis of the Blockchain in Agriculture and Food Market reveals that North America holds a significant share of the market, driven by the presence of major technology companies and advanced agricultural practices. Europe follows closely, with strong growth in countries like the UK, Germany, and France. The Asia-Pacific region is expected to exhibit the highest growth rate during the forecast period, attributed to rapid digital transformation, increasing investments in agricultural technology, and rising consumer awareness about food safety.

Table of Contents for the Blockchain in Agriculture and Food Market Report: https://straitsresearch.com/report/blockchain-in-agriculture-and-food-market/toc

Blockchain in Agriculture and Food Market Data Insights

Data insights from the Blockchain in Agriculture and Food Market highlight the growing importance of blockchain technology in ensuring food safety, traceability, and compliance. The market is also witnessing a shift towards the adoption of hybrid and consortium blockchain models, which offer enhanced security and collaboration among stakeholders.

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