Global Blockchain in Agriculture and Food Supply Chain Market, 2025-2033

  • Report ID: PVR-25-057
  • Published Date: Apr-25
  • Report Format: PDF
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  • Report ID: XYZ
  • Published Date: Oct 2024
  • Report Format: PDF

Global Blockchain in Agriculture and Food Supply Chain Market By Application (Smart Contracts, Payment and Settlement, Product Traceability, Tracking, and Visibility, Governance, Risk, and Compliance Management), Organization Size (Large Enterprises, Small and Medium Scale (SMEs) Enterprises); By Region (North America, Asia Pacific, Europe, Middle East & Africa, South America); Regional Outlook, Growth Potential and Segments Forecast, 2025-2033.

The Global Blockchain in Agriculture and Food Supply Chain Market size was USD 429 million in 2024 and is projected to reach USD 11,601 million by 2033, with a CAGR of 44.25% during the forecast period.

Global Blockchain in Agriculture and Food Supply Chain Market: Overview

The global blockchain in agriculture and food supply chain market is experiencing rapid expansion, driven by the need for enhanced transparency, traceability, and efficiency in food production and distribution. Blockchain technology offers a secure, decentralized ledger that enables real-time tracking of goods from farm to table, ensuring product authenticity, reducing fraud, and bolstering food safety. In agriculture, it supports tracking crop data, verifying organic or fair-trade claims, and optimizing logistics.

In the food supply chain, blockchain improves inventory management, automates payments, and minimizes waste by monitoring expiration dates and storage conditions. Rising demand for organic and sustainably sourced food, coupled with stringent food safety regulations, fuels adoption across regions. Blockchain’s smart contracts automate processes like payments and shipments, streamlining operations. Challenges such as high implementation costs, lack of standardization, and resistance from traditional stakeholders persist. However, ongoing technological advancements and increasing investments position blockchain as a transformative force in agriculture and food supply chains through 2033.

Global Blockchain in Agriculture and Food Supply Chain Market: Growth Drivers

  • Increasing Need for Transparency and Traceability: Consumers and regulators increasingly demand transparency in food sourcing and distribution. Blockchain’s immutable ledger allows stakeholders to trace products from origin to consumption, ensuring authenticity, ethical sourcing, and compliance with sustainability standards, driving widespread adoption.
  • Enhancing Supply Chain Efficiency: Blockchain streamlines supply chain processes by reducing paperwork, minimizing delays, and enabling real-time data sharing among farmers, distributors, and retailers. This reduces operational costs, speeds up delivery, and improves inventory management, making it a valuable tool for efficiency.
  • Rising Demand for Food Safety and Quality Assurance: Growing concerns over foodborne illnesses and contamination highlight blockchain’s role in tracking and verifying product integrity. By recording every stage of production, blockchain enables rapid identification of contaminated batches, enhancing food safety and regulatory compliance.

Global Blockchain in Agriculture and Food Supply Chain Market: Restraining Factors

  • High Initial Implementation Costs: The significant upfront investment required for blockchain infrastructure, software, and training can be a barrier, particularly for small and medium-sized enterprises (SMEs) in agriculture, limiting broader adoption.
  • Lack of Industry Standardization: The absence of unified standards for blockchain platforms leads to interoperability challenges among stakeholders, hindering seamless integration and scalability across diverse supply chains.

Global Blockchain in Agriculture and Food Supply Chain Market: Opportunity Factors

  • Integration with IoT and AI for Smart Agriculture: Combining blockchain with IoT and AI technologies creates smart agriculture ecosystems, enabling real-time data collection and analysis for optimized farming and supply chain management, offering significant growth potential.
  • Government and Regulatory Support: Governments are increasingly supporting blockchain adoption through policies and incentives aimed at improving food safety and transparency, creating opportunities for market expansion and innovation.
  • Consumer Demand for Sustainable and Ethical Practices: Rising consumer preference for sustainably sourced and ethically produced food drives demand for blockchain solutions that verify eco-friendly and fair-trade practices, giving companies a competitive edge.

Global Blockchain in Agriculture and Food Supply Chain Market: Challenges

  • Technological Complexity: The complexity of blockchain technology can deter adoption, especially in regions with limited technological infrastructure, requiring significant training and resources to implement effectively.
  • Resistance to Change: Traditional agricultural stakeholders may resist adopting blockchain due to unfamiliarity or reliance on established systems, slowing integration and market growth.

Global Blockchain in Agriculture and Food Supply Chain Market: Segment Insights

By Application:

  • Product traceability and tracking dominate, driven by consumer demand for transparency in food sourcing. Smart contracts are gaining traction for automating transactions, while payment and settlement systems enhance financial efficiency. Governance, risk, and compliance management ensure regulatory adherence, particularly in food safety.

By Organization Size:

  • Large enterprises lead adoption due to their resources and complex supply chains, leveraging blockchain for efficiency and transparency. SMEs are increasingly adopting cost-effective blockchain-as-a-service solutions to enhance traceability and compliance without heavy investments.

By Region:

  • North America holds the largest share, driven by advanced technological infrastructure and regulatory support. Asia-Pacific is the fastest-growing region, fueled by agricultural expansion in countries like China and India. Europe, South America, and the Middle East & Africa show steady growth as blockchain adoption increases.

Global Blockchain in Agriculture and Food Supply Chain Market: Segmentation

By Application:

  • Smart Contracts
  • Payment and Settlement
  • Product Traceability
  • Tracking and Visibility
  • Governance, Risk, and Compliance Management

By Organization Size:

  • Large Enterprises
  • Small and Medium Scale (SMEs) Enterprises

By Region:

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia Pacific

Key Market Players

  • IBM Corporation
  • Microsoft
  • SAP SE
  • Ambrosus
  • arc-net
  • OriginTrail
  • Ripe Technology INC
  • VeChain Foundation
  • Project Provenance Ltd.
  • Chainvine Limited
  • AgriChain Pty Ltd

Global Blockchain in Agriculture and Food Supply Chain Market: Recent Developments

  • October 2024: A leading blockchain provider initiated a pilot project with a North American agricultural cooperative to enhance traceability for organic produce, integrating IoT for real-time data collection.
  • January 2025: A global food retailer partnered with a blockchain firm to implement smart contracts for automated supplier payments, improving efficiency in its supply chain.
  • March 2025: An Asia-Pacific agricultural consortium launched a blockchain platform to verify fair-trade practices for rice exports, targeting sustainability-focused markets.
  • April 2025: A European food safety agency collaborated with a technology provider to develop a blockchain-based system for rapid contamination tracking, enhancing regulatory compliance.

Global Blockchain in Agriculture and Food Supply Chain Market: Key Takeaways

  • Market Growth: The market is projected to grow from USD 429 million in 2024 to USD 11,601 million by 2033, at a CAGR of 44.25%, driven by transparency and efficiency needs.
  • Consumer Trends: Demand for transparent, sustainable, and safe food sourcing fuels blockchain adoption.
  • Regional Dynamics: North America leads, while Asia-Pacific shows rapid growth due to agricultural expansion.
  • Challenges: High costs and lack of standardization require innovation and collaboration to sustain growth.

1. Research Methodology
1.1. Desk Research
1.2. Real Time Insights and Validation
1.3. Forecast Model
1.4. Assumptions and Forecast Parameters
1.4.1. Assumptions
1.4.2. Forecast Parameters
1.5. Data Sources
1.5.1. Primary
1.5.2. Secondary

2. Executive Summary
2.1. 360° Summary
2.2. By Organization Size
2.3. By Application

3. Market Overview
3.1. Market Segmentation & Definitions
3.2. Key Takeaways
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter’s Five Forces Analysis
3.3.1. Bargaining Power of Consumers
3.3.2. Bargaining Power of Suppliers
3.3.3. Threat of New Entrants
3.3.4. Threat of Substitutes
3.3.5. Competitive Rivalry in the Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology Landscape
3.6. Regulatory Landscape
3.7. Patent Landscape
3.8. Market Value Chain Analysis
3.9. Strategic Overview

4. Global Blockchain in Agriculture and Food Supply Chain Market, By Organization Size
4.1. Large Enterprises
4.1.1. Large Enterprises Market and Forecast, By Region, 2025-2033
4.1.2. Comparative Market Share Analysis, 2021 & 2033
4.2. Small and Medium Scale (SMEs) Enterprises
4.2.1. Small and Medium Scale (SMEs) Enterprises Market and Forecast, By Region, 2025-2033
4.2.2. Comparative Market Share Analysis, 2021 & 2033

5. Global Blockchain in Agriculture and Food Supply Chain Market, By Application
5.1. Smart Contracts
5.1.1. Smart Contracts Market and Forecast, By Region, 2025-2033
5.1.2. Comparative Market Share Analysis, 2021 & 2033
5.2. Payment and Settlement
5.2.1. Payment and Settlement Market and Forecast, By Region, 2025-2033
5.2.2. Comparative Market Share Analysis, 2021 & 2033
5.3. Tracking and Visibility
5.3.1. Tracking and Visibility Market and Forecast, By Region, 2025-2033
5.3.2. Comparative Market Share Analysis, 2021 & 2033
5.4. Governance
5.4.1. Governance Market and Forecast, By Region, 2025-2033
5.4.2. Comparative Market Share Analysis, 2021 & 2033
5.5. Risk and Compliance Management
5.5.1. Risk and Compliance Management Market and Forecast, By Region, 2025-2033
5.5.2. Comparative Market Share Analysis, 2021 & 2033

6. Global Blockchain in Agriculture and Food Supply Chain Market, By Region
6.1. North America
6.1.1. North America Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.1.2. North America Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.1.3. Comparative Market Share Analysis, 2021 & 2033
6.1.4. U.S.
6.1.4.1. U.S. Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.1.4.2. U.S. Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.1.4.3. Comparative Market Share Analysis, 2021 & 2033
6.1.5. Canada
6.1.5.1. Canada Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.1.5.2. Canada Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.1.5.3. Comparative Market Share Analysis, 2021 & 2033
6.2. Europe
6.2.1. Europe Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.2. Europe Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.3. Comparative Market Share Analysis, 2021 & 2033
6.2.4. Germany
6.2.4.1. Germany Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.4.2. Germany Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.4.3. Comparative Market Share Analysis, 2021 & 2033
6.2.5. UK
6.2.5.1. UK Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.5.2. UK Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.5.3. Comparative Market Share Analysis, 2021 & 2033
6.2.6. France
6.2.6.1. France Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.6.2. France Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.6.3. Comparative Market Share Analysis, 2021 & 2033
6.2.7. Spain
6.2.7.1. Spain Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.7.2. Spain Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.7.3. Comparative Market Share Analysis, 2021 & 2033
6.2.8. Italy
6.2.8.1. Italy Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.8.2. Italy Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.8.3. Comparative Market Share Analysis, 2021 & 2033
6.2.9. Rest of Europe
6.2.9.1. Rest of Europe Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.2.9.2. Rest of Europe Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.2.9.3. Comparative Market Share Analysis, 2021 & 2033
6.3. Asia Pacific
6.3.1. Asia Pacific Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.2. Asia Pacific Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.3. Comparative Market Share Analysis, 2021 & 2033
6.3.4. China
6.3.4.1. China Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.4.2. China Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.4.3. Comparative Market Share Analysis, 2021 & 2033
6.3.5. India
6.3.5.1. India Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.5.2. India Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.5.3. Comparative Market Share Analysis, 2021 & 2033
6.3.6. Japan
6.3.6.1. Japan Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.6.2. Japan Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.6.3. Comparative Market Share Analysis, 2021 & 2033
6.3.7. South Korea
6.3.7.1. South Korea Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.7.2. South Korea Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.7.3. Comparative Market Share Analysis, 2021 & 2033
6.3.8. Australia
6.3.8.1. Australia Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.8.2. Australia Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.8.3. Comparative Market Share Analysis, 2021 & 2033
6.3.9. Rest of Asia Pacific
6.3.9.1. Rest of Asia Pacific Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.3.9.2. Rest of Asia Pacific Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.3.9.3. Comparative Market Share Analysis, 2021 & 2033
6.4. LAMEA
6.4.1. LAMEA Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.4.2. LAMEA Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.4.3. Comparative Market Share Analysis, 2021 & 2033
6.4.4. Latin America
6.4.4.1. Latin America Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.4.4.2. Latin America Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.4.4.3. Comparative Market Share Analysis, 2021 & 2033
6.4.5. Middle East
6.4.5.1. Middle East Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.4.5.2. Middle East Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.4.5.3. Comparative Market Share Analysis, 2021 & 2033
6.4.6. Africa
6.4.6.1. Africa Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Organization Size, 2025-2033
6.4.6.2. Africa Blockchain in Agriculture and Food Supply Chain Market and Forecast, By Application, 2025-2033
6.4.6.3. Comparative Market Share Analysis, 2021 & 2033

7. Company Profiles
7.1. IBM Corporation
7.1.1. Business Overview
7.1.2. Financial Performance
7.1.3. Product Portfolio
7.1.4. Recent Strategic Moves & Applications
7.1.5. SWOT Analysis
7.2. Microsoft
7.2.1. Business Overview
7.2.2. Financial Performance
7.2.3. Product Portfolio
7.2.4. Recent Strategic Moves & Applications
7.2.5. SWOT Analysis
7.3. SAP SE
7.3.1. Business Overview
7.3.2. Financial Performance
7.3.3. Product Portfolio
7.3.4. Recent Strategic Moves & Applications
7.3.5. SWOT Analysis
7.4. Ambrosus
7.4.1. Business Overview
7.4.2. Financial Performance
7.4.3. Product Portfolio
7.4.4. Recent Strategic Moves & Applications
7.4.5. SWOT Analysis
7.5. Arc.net
7.5.1. Business Overview
7.5.2. Financial Performance
7.5.3. Product Portfolio
7.5.4. Recent Strategic Moves & Applications
7.5.5. SWOT Analysis
7.6. OriginTrail
7.6.1. Business Overview
7.6.2. Financial Performance
7.6.3. Product Portfolio
7.6.4. Recent Strategic Moves & Applications
7.6.5. SWOT Analysis
7.7. Ripe Technology Inc
7.7.1. Business Overview
7.7.2. Financial Performance
7.7.3. Product Portfolio
7.7.4. Recent Strategic Moves & Applications
7.7.5. SWOT Analysis
7.8. VeChain Foundation
7.8.1. Business Overview
7.8.2. Financial Performance
7.8.3. Product Portfolio
7.8.4. Recent Strategic Moves & Applications
7.8.5. SWOT Analysis
7.9. Project Provenance Ltd.
7.9.1. Business Overview
7.9.2. Financial Performance
7.9.3. Product Portfolio
7.9.4. Recent Strategic Moves & Applications
7.9.5. SWOT Analysis
7.10. Chainvine Ltd
7.10.1. Business Overview
7.10.2. Financial Performance
7.10.3. Product Portfolio
7.10.4. Recent Strategic Moves & Applications
7.10.5. SWOT Analysis
7.11. AgriChain Pty Ltd
7.11.1. Business Overview
7.11.2. Financial Performance
7.11.3. Product Portfolio
7.11.4. Recent Strategic Moves & Applications
7.11.5. SWOT Analysis

1. What is the projected market size for blockchain in agriculture and food supply chain by 2033?
The market is expected to reach USD 11,601 million by 2033, up from USD 429 million in 2024, growing at a CAGR of 44.25%.

2. How does blockchain enhance transparency in the food supply chain?
Blockchain creates an immutable and decentralized ledger, allowing stakeholders to trace food products from origin to end-consumer, thus improving transparency and reducing fraud.

3. Which segment leads the market by application?
Product traceability and tracking lead the market, followed closely by smart contracts and payment & settlement systems.

4. What challenges does the market face?
High implementation costs, technological complexity, lack of standardization, and resistance from traditional stakeholders are key barriers to adoption.

5. Which regions are seeing the most adoption of blockchain in this sector?
North America currently leads due to strong tech infrastructure and regulatory support, while Asia-Pacific is the fastest-growing region, driven by expanding agricultural operations in China and India.

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Forecast Years: 2025-2033

Base Year: 2024

Historical Years: 2021-2023

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