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Blockchain in Agriculture and Food Supply Chain Market Share

Report ID: GMI10031
Published Date: Jun 2024
Report Format: PDF

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Blockchain in Agriculture and Food Supply Chain Market Share

IBM and Microsoft dominate the blockchain in the agriculture and food supply chain market with over 10% market share. IBM Food Trust is a blockchain-based platform that connects participants across the food supply chain, including farmers, processors, distributors, and retailers. It provides end-to-end visibility and traceability of food products. Companies, such as Walmart, Nestlé, and Dole, use IBM Food Trust to trace the journey of their products from farm to shelf to ensure food safety and quality. Microsoft is used in several countries including Vietnam to track the journey of pork, vegetables, and poultry.

These players maintain dominance by evolving technologies, expanding global footprints, and catering to diverse industry needs. Their established brand reputation, customer trust, and commitment to addressing evolving customer engagement demands solidify their positions, shaping the blockchain landscape in the agriculture and food supply chain.

Blockchain in Agriculture and Food Supply Chain Market Companies

Major players operating in the blockchain in the agriculture and food supply industry are:

AgriDigital
Chainvine
Fairfood
IBM
Microsoft
OriginTrail
Ripe.io
SAP SE
ScienceSoft USA Corporation
TE-Food International GmbH

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for blockchain in the agriculture and food supply chain was valued at USD 302.8 million in 2023 and is estimated to register over 36.2% CAGR between 2024 and 2032, driven by the continuous evolution and integration of technological advancements.

The automated record keeping segment of the blockchain in the agriculture and food supply chain market is expected to register 38% CAGR during 2024-2032, as automated record helps improve data accuracy and transparency.

North America industry held over 31% share in 2023 and will expand rapidly through 2032, due to high-profile food safety incidents and consumer demand for transparency.

AgriDigital, Chainvine, Fairfood, IBM, Microsoft, OriginTrail, Ripe.io, SAP SE, ScienceSoft USA Corporation, and TE-Food International GmbH among others.