Blockchain Market For Agriculture And Food Supply Market Size, Share, And Trends By Provider (Middleware Provider, Application And Solution Provider, Infrastructure And Protocol Provider), By Application (Payment And Settlement, Smart Contract, Product Traceability, Tracking And Visibility, Governance, Risk And Compliance Management), And By Geography – Forecast From 2019 To 2024

Blockchain technology is used to enhance the decision-making capability of the organization. The blockchain market for agriculture and food supply is expected to grow due to the rise in demand for supply chain transparency. Rising concern towards food security along with growing cases of adulteration is anticipated to boost the market. Increasing investments and funding in food blockchain are further expected to drive the market. Moreover, the growing adoption of blockchain technology in the food supply chain is expected to create a new opportunity to boost the market in the next five years. However, a lack of awareness of blockchain technology along with limited availability of technical skillsets in developing economies is assumed to restrain the growth of the market. The market is segmented into provider, application, and geography. Basis of application, product traceability, tracking, and visibility is expected to hold a significant share in the market owing to the increase in investment for food security. Geographically, North America is projected to be a substantial shareholder due to the presence of major companies and increasing investment in the research and development of blockchain technology.

DRIVERS

Growth adoption of blockchain technology in the food supply chain.

Growing demand for supply chain transparency

Increasing adulteration cases.

RESTRAINTS

Lack of awareness of blockchain technology in emerging economies.

Lack of technical skillsets for implementing blockchain technology.

The major players profiled in the Blockchain Market for Agriculture and Food Supply market are SAP-SE, IBM, AgriDigital, VeChain, Ambrosus, Origin Trail, Microsoft, BlockGrain, Ripe.io, and ChainVine.

Segmentation

The Blockchain Market for Agriculture and Food Supply market been analyzed through the following segments:

By Provider

Middleware Provider

Application and Solution Provider

Infrastructure and Protocol Provider

By Application

Payment and Settlement

Smart Contract

Product Traceability, Tracking and Visibility

Governance, Risk and Compliance Management

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others