The global blockchain in agriculture & food supply chain management market is anticipated to grow at a considerable CAGR of 48.1% during the forecast period. Innovation combined with advanced technologies such as blockchain and artificial intelligence (AI) offers several solutions to agriculture. Blockchain technology will be a gamer changer as it can benefit accurate data about the farms, inventory, credit scores, and food tracking. Several tech innovations including AI and ML, are being increasingly launched by enterprises to help farmers enhance farm productivity. For instance, in August 2021, Samunnati launched an integrated Blockchain, AI, and ML platform centered on FPOs and farmer members. The platform will enable the redistribution of value chain gains to farmers. The blockchain is co-powered by the University of Hyderabad, Samunnati, Synchrony, and the Social Education Economical Development Society. Through blockchain technology, transparency for all involved stakeholders improves, and it also facilitates the collection of reliable data. From the beginning to the end of the product’s life, blockchain can record every step in a product’s value chain.
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For instance, in May 2020, Agri10x announced a collaboration with the Indian government to help remote farmers sell their produce directly in the market using blockchain and artificial intelligence (AI) platforms. With this, the company will get to access the government’s national common service centers (CSCs), which would enable farming communities to register on the Agri10x blockchain platform through the ‘village-level entrepreneurs’ (VLEs) program. The blockchain platform is said to provide farmers with a fair price, and transparency and assist them in collecting real-time data to manage their harvests effectively.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Blockchain in Agriculture & Food Supply Chain Management Market Report Segment
By Type
- Public
- Private
- Hybrid
By Providers
- Application Providers
- Middleware Providers
- Infrastructure Providers
By Stakeholders
- Growers
- Food Manufacturers/Processors
- Retailers
By Application
- Product traceability, Tracking, and Visibility
- Payment and Settlement
- Smart Contract
- Governance, Risk, and Compliance Management
Global Blockchain in Agriculture & Food Supply Chain Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain in agriculture & food supply chain management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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