Blockchain in Agriculture Market Sees Steady Growth with Focus on Traceability and Transparency

Global Blockchain in Agriculture Market reached US$ 158.12 million in 2022 and is expected to reach US$ 254.10 million by 2031, growing with a CAGR of 6.2% during the forecast period 2024–2031. This growth is fueled by increasing demand for food traceability, supply chain transparency, and farmer-to-consumer digital transactions.

Download Sample: https://www.datamintelligence.com/download-sample/blockchain-in-agriculture-market 

 Key Drivers of Market Growth

1. Need for Supply Chain Transparency

Food fraud, contamination, and safety recalls have driven the demand for end-to-end transparency in the food supply chain. Blockchain enables immutable, real-time tracking from farm to fork, reducing risks and building consumer trust.

2. Increasing Focus on Food Traceability

Governments and retailers are implementing stricter food safety laws. Blockchain helps identify the origin and path of agricultural produce, ensuring compliance with regulations such as FSMA, EU General Food Law, and others.

3. Rising Demand for Smart Contracts

Smart contracts on blockchain platforms automate and secure transactions between farmers, suppliers, processors, and retailers. This reduces the need for intermediaries, ensures fair pricing, and prevents payment delays.

4. Farmer Empowerment and Microfinance

Blockchain provides unbanked farmers with digital identities and financial access through decentralized platforms. It helps streamline access to credit, subsidies, and insurance by minimizing documentation fraud and administrative hurdles.

5. Reduction of Food Waste and Inefficiencies

Real-time monitoring and tracking through blockchain technology can reduce spoilage and improve logistics, particularly in perishable product categories like dairy, fruits, and vegetables.

Customization Report Link: https://www.datamintelligence.com/customize/blockchain-in-agriculture-market 

 Market Segmentation

• By Type: Public, Private, Hybrid/consortium.

• By Stakeholders: Growers, Food Manufactures/Processors, Retailers, Others.

• By Providers: Application and Solution, Middleware Infrastructure, Protocol Providers, Others.

• By Organization Size: Small and Medium-sized enterprises, Large Enterprises.

• By Distribution Channel: Company Stores, E-Commerce Others.

• By Application: Product traceability,tracking and visibility, Payment and Settlement, Smart contract, Governance,risk and compliance management.

Leading Companies

• IBM corporation

• TE-FOOD International GmbH.

• Arc-Net

• iTrust

• SAP SA

• Origintrail

• Ripe Technology, Inc

• GrainChain, Inc

• Bitfury Group Limited

•  Amazon Web Services

 Regional Insights

North America

The U.S. leads the adoption of blockchain in agriculture due to high digital literacy, presence of agri-tech innovators, and regulatory push for food safety and traceability.

Europe

Countries like Germany, France, and the Netherlands are deploying blockchain for sustainable agriculture and cross-border supply chain transparency, especially in organic food markets.

Asia-Pacific

India and China are emerging rapidly in the blockchain agriculture space, driven by rising smartphone penetration, government pilot programs, and the digitization of rural farming operations.

 Key Applications

• Crop & Livestock Monitoring

• Supply Chain Tracking

• Smart Contract Management

• Food Certification & Provenance

• Agricultural Insurance & Finance

Buy Now: https://www.datamintelligence.com/buy-now-page?report=blockchain-in-agriculture-market 

 Market Outlook: 2024–2031

The blockchain in agriculture market is set for steady expansion through 2031, supported by:

• Rising global demand for food safety and origin traceability

• Increased use of smart devices and IoT sensors on farms

• Governmental support for precision agriculture technologies

• Growing venture capital investment in agri-tech blockchain startups

Despite challenges like lack of digital infrastructure in rural regions and regulatory ambiguity in developing countries, the future remains promising. As scalability improves, blockchain will become a vital tool in building resilient and ethical food systems.

Unlock 360° Market Intelligence with DataM Subscription Services:

https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and

global investment insights all in one place.

✅ Competitive Landscape 

✅ Sustainability Impact Analysis

✅ Technology Road Map Analysis 

✅ KOL / Stakeholder Insights

✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots 

✅ Market Volatility & Emerging Risks Analysis

✅ Quarterly Industry Report Updated

✅ Live Market & Pricing Trends

✅ Import-Export Data Monitoring 

✅ Consumer Behavior &  Demand Analysis

Have a look at our Subscription Dashboard:

https://www.youtube.com/watch?v=x5oEiqEqTWg