Blockchain in Agriculture Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Public, Private, Hybrid/Consortium), By Organization Size (Large Enterprises, SMEs), By Stakeholder (Growers, Food Manufacturers/Processors, Retailers), By Application (Product Traceability, Tracking & Visibility, Payment & Settlement, Smart Contracts, Governance, Risk & Compliance Management), By Region, By Competition 2020-2030F

Market Overview

The Global Blockchain in Agriculture Market, valued at USD 272.00 Million in 2024, is projected to experience a CAGR of 41.10% to reach USD 2146.51 Million by 2030. The Global Blockchain in Agriculture Market refers to the application of distributed ledger technology within the agricultural sector to enhance transparency, traceability, and efficiency across the entire supply chain, from farm to consumer. This encompasses solutions for tracking produce, managing supply chains, and facilitating financial transactions. Key drivers supporting market growth include the escalating demand for increased food safety and traceability, driven by consumer awareness and regulatory pressures, alongside the imperative to reduce food fraud and waste within complex agricultural value chains. Furthermore, the need for enhanced operational efficiency and secure data management significantly propels adoption.

A significant challenge impeding market expansion is the substantial investment required for implementation, encompassing infrastructure development, specialized software, and extensive stakeholder training, particularly for small and medium-sized farming operations. Integrating blockchain solutions often presents high initial costs and complexity, posing a barrier to widespread adoption. For instance, according to research from the Tamil Nadu Agricultural University in 2023, blockchain technology adopters demonstrated an average increase in farm income of ₹25,829.16 compared to non-adopters in a regional study, highlighting tangible benefits but also indicating the localized nature of current quantifiable impact data.

Key Market Drivers

The global blockchain in agriculture market is substantially driven by the imperative for enhanced supply chain traceability and transparency, as stakeholders increasingly demand verifiable information about product origins and journeys. This technology provides an immutable record of every transaction and movement, from farm to consumer, building a robust digital trail that traditional systems cannot match. The enhanced visibility allows for quicker issue identification and greater accountability across the entire value chain. For instance, according to Walmart's Global Tech, in May 2025, "How Walmart's Food Supply Chain Used Blockchain to Enhance Traceability" article, the company reduced the time to trace mangoes from nearly seven days to 2.2 seconds, demonstrating significant improvement in efficiency and response capability. This granular, real-time tracking mitigates risks and fosters greater trust.

Concurrently, rising food safety concerns and the pervasive challenge of fraud prevention exert considerable influence on market expansion. Blockchain’s inherent data security and resistance to tampering offer a powerful tool against adulteration, mislabeling, and counterfeit products plaguing the agricultural sector. These activities erode consumer confidence and pose substantial economic threats. According to Bangor University, in April 2024, "Food fraud is a growing economic and health issue – but AI and blockchain technology can help combat it" article, food crimes inflict an estimated US$40 billion in damages globally each year, underscoring the critical need for robust preventive solutions. Market adoption is growing, with platforms like Provenance. According to Eatable Adventures, in its November 2023 blog "Blockchain's Impact on Food Safety & Traceability", the Provenance platform has been adopted by over 6,000 businesses and organizations, tracking more than 400,000 transactions daily.

Download Free Sample Report

Key Market Challenges

The substantial investment required for implementing blockchain solutions represents a significant constraint on the growth of the Global Blockchain in Agriculture Market. These high initial costs encompass not only infrastructure development and specialized software but also extensive training for all stakeholders, particularly challenging for small and medium-sized farming operations. The inherent complexity of integrating these advanced technologies further compounds this financial hurdle, creating a considerable barrier to widespread adoption across diverse agricultural value chains.

This financial impediment directly limits the market's expansion by restricting participation from a large segment of potential users. According to the USDA's Economic Research Service, in 2023, small family farms constituted 86% of all U. S. farms but generated only 17% of the total value of U. S. agricultural production. This disparity highlights the limited financial capacity of the majority of farms, making the substantial capital outlay for advanced technologies like blockchain prohibitive. Consequently, the market's overall growth potential is restricted as a significant portion of prospective participants are unable to engage in the adoption of these costly solutions, thereby slowing the rate of technological integration within the sector.

Key Market Trends

Two significant trends shaping the Global Blockchain in Agriculture Market are the increasing adoption of blockchain-enabled agri-finance and micro-lending solutions and the proliferation of direct-to-consumer (D2C) and business-to-business (B2B) marketplaces on blockchain. These trends represent a maturation of the technology beyond mere traceability, impacting financial inclusion and market access for agricultural stakeholders.

The rise of blockchain-enabled agri-finance and micro-lending solutions addresses critical capital access gaps for farmers. This technology facilitates secure and transparent financial transactions, enhancing creditworthiness and reducing traditional intermediation costs. According to the U. S. Department of Agriculture's Economic Research Service, in February 2023, automated guidance technology was applied to over 50 percent of acreage planted for corn, cotton, rice, sorghum, soybeans, and winter wheat across the U. S. , indicating a foundational readiness for advanced digital financial tools. This digital transformation extends to finance, as exemplified by applications such as Hello Tractor and Agrikore, which provide access to mechanized services and financing to smallholder farmers, thereby improving their livelihoods and productivity.

Concurrently, the proliferation of Direct-to-Consumer and Business-to-Business marketplaces on blockchain is transforming agricultural trade channels. These platforms enable direct interactions between producers and buyers, fostering greater transparency, fair pricing, and improved market access. The Food and Agriculture Organization (FAO) reported a 30% rise in cyberattacks on digital farm management systems in 2023, underscoring the growing reliance on digital platforms in agriculture and the critical need for blockchain's inherent security features. For example, in August 2024, Cargill launched its blockchain-based cocoa traceability program, encompassing 200,000 farmers across West Africa, which provides consumers with detailed information about cocoa bean origins and ensures fair trade compliance.

Segmental Insights

The Smart Contracts segment is experiencing rapid expansion in the Global Blockchain in Agriculture Market, establishing itself as the fastest-growing area. This growth is primarily driven by the inherent ability of smart contracts to automate agreements and transactions, significantly reducing reliance on intermediaries and thereby decreasing operational costs and processing times. By automatically executing predefined conditions, such as delivery confirmation or quality verification, these digital agreements enhance efficiency across the agricultural supply chain. Furthermore, smart contracts foster greater transparency and trust among stakeholders through immutable records, minimizing disputes and facilitating compliance with industry standards. This streamlining of processes and increased reliability are pivotal for their accelerated adoption.

Regional Insights

North America leads the global Blockchain in Agriculture Market, driven by its advanced technological infrastructure and the proactive adoption of digital agricultural solutions. This dominance stems from the strong presence of major technology companies and agricultural enterprises actively implementing blockchain for enhanced supply chain transparency and efficiency. Furthermore, stringent food safety regulations, including those from the U. S. Food and Drug Administration (FDA) and the U. S. Department of Agriculture (USDA), compel the adoption of robust traceability systems to meet escalating consumer demand for product origin visibility. The region's sustained investment in research and development further reinforces its leadership in this evolving market.

Recent Developments

• In December 2024, Cropto Agriculture Tokens was honored with the Excellence in Blockchain in Agriculture award at the AgriNext Conference in Dubai. The company was recognized for its innovative platform, which utilizes blockchain to tokenize investments in agricultural commodities. This breakthrough solution modernizes agricultural financing by creating a secure and transparent marketplace, thereby democratizing access to sustainable agricultural investments. The platform enhances traceability, verifiability, and immutability for transactions, addressing fraud and inefficiencies within the traditional agri-food trade.

• In September 2024, Microsoft partnered with the United Nations World Food Programme to implement blockchain-based supply chain management systems across fifteen developing nations. This initiative aimed to enhance global food security by establishing transparent distribution networks. The deployment also sought to mitigate food waste through real-time inventory tracking and automated procurement processes, demonstrating a practical application of blockchain technology within the agricultural sector to improve operational efficiency and traceability from farm to table.

• In September 2024, the International Fund for Agricultural Development (IFAD) received a prestigious award for its TRACE blockchain initiative, recognized as the best blockchain-based traceability solution. This program, supported by global partners including EY, Impersive, Onafriq, and Circle, leverages advanced blockchain technologies like Ethereum and Hyperledger Fabric. TRACE aims to enhance transparency, efficiency, and sustainability within global agricultural supply chains by ensuring secure fund traceability from donors to individual farmers, empowering smallholder producers with accurate data.

• In March 2024, the Nigerian Farmers Group and Cooperative Society (NFGCS), a prominent rural agriculture organization, introduced Agbatoken, a new blockchain platform. This launch aimed to revolutionize agriculture in Nigeria and address the increasing demand for national food security. Agbatoken's design focused on leveraging blockchain technology to enhance transparency and efficiency within the agricultural supply chain, offering innovative financial solutions for farmers, such as asset tokenization, to facilitate capital raising without relinquishing ownership.

Key Market Players

• IBM Corporation
• Microsoft Corporation
• SAP SE
• Oracle Corporation
• Accenture PLC
• AirDAO.io
• AgriLedger
• Ripe Technology Inc
• OriginTrail d.o.o
• TE-Food International GmbH.

Report Scope:

In this report, the Global Blockchain in Agriculture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Blockchain in Agriculture Market, By Type:

o   Public

o   Private

o   Hybrid/Consortium

• Blockchain in Agriculture Market, By Organization Size:

o   Large Enterprises

o   SMEs

• Blockchain in Agriculture Market, By Application:

o   Product Traceability, Tracking, & Visibility

o   Payment, & Settlement

o   Smart Contracts

o   Governance

o   Risk & Compliance Management

• Blockchain in Agriculture Market, By Stakeholder:

o   Growers

o   Food Manufacturers/Processors

o   Retailers

• Blockchain in Agriculture Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Blockchain in Agriculture Market.

Available Customizations:

Global Blockchain in Agriculture Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global Blockchain in Agriculture Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]