The global blockchain in agriculture and food market was valued at USD 391.53 million in 2024 and is expected to grow from USD 509.96 billion in 2025 to reach USD 8,402.14 million by 2033, growing at a CAGR of 41.94% during the forecast period (2025 – 2033).
Blockchain technology in agriculture and food refers to a decentralized digital ledger that ensures secure, transparent, and efficient data sharing across the food supply chain. By enabling all stakeholders to access the same immutable records in real-time, blockchain ensures transparency and accountability from farm to fork. This innovation is addressing critical concerns such as food safety, traceability, and operational inefficiencies.
The growth of blockchain in this sector is driven by the increasing demand for enhanced supply chain transparency, allowing stakeholders to trace products at every stage of production, processing, and distribution. This transparency builds trust, enabling consumers to verify food origins while ensuring compliance with regulatory standards. Moreover, blockchain facilitates real-time monitoring, which helps swiftly identify contamination sources, reducing the risk of foodborne illnesses.
Beyond safety, blockchain optimizes agricultural processes by enabling secure data sharing and utilizing smart contracts to streamline transactions and reduce wastage. As consumers become more aware of where their food comes from and regulatory requirements become stricter, the adoption of blockchain technology in agriculture and food continues to accelerate. This transformation is paving the way for a more sustainable, efficient, and transparent global food supply system, benefiting everyone from farmers to consumers.
Historic Market Size (2020-2023) | |
Year | USD million |
2020 | 135.63 |
2021 | 182.22 |
2022 | 241.89 |
2023 | 305.43 |
Source: Straits Research Analysis
Blockchain technology is revolutionizing supply chain management, particularly in agriculture and food. By enhancing traceability and transparency from farm to fork, it ensures the authenticity and quality of products. Therefore, leading companies like IBM with Food Trust and SAP have adopted blockchain-based solutions to address issues such as fraud, contamination, and inefficiency. These platforms provide end-to-end visibility, allowing stakeholders to track food products' origins in real-time.
In August 2022, VeChain, a global leader in enterprise blockchain, partnered with OrionOne Inc., a supply chain technology provider. This integration aims to accelerate blockchain adoption among logistics companies, enhancing efficiency and fostering greater trust within the supply chain ecosystem.
Smart contracts are transforming the agricultural payment and settlement systems by automating agreements between farmers, suppliers, and retailers. Platforms like Ethereum and Hyperledger facilitate this innovation by reducing the need for intermediaries, thus expediting transactions and increasing trust. These contracts streamline processes by automating payments, eliminating paperwork, and ensuring quicker, more secure settlements.
As consumers become more conscious of food safety, sustainability, and ethical sourcing, there is a growing demand for transparency in food production. Blockchain technology addresses this demand by offering a decentralized and immutable system to verify the origin and journey of food products.
This technology enables consumers to access detailed records of how food is grown, processed, and transported. Therefore, retailers, producers, and suppliers can use blockchain to enhance consumer trust by providing transparent information about their food products.
Blockchain technology is a game-changer in optimizing supply chains by reducing inefficiencies and improving coordination among stakeholders. It offers real-time, tamper-proof data that provides accurate tracking of goods, inventories, and transactions, thus minimizing errors and latency in logistics.
Blockchain also enhances transparency, ensuring trust among supply chain participants while cutting administrative costs. By automating documentation, payments, and product tracing, it streamlines processes and reduces redundancy.
With no universal framework in place, communication and integration between different blockchain platforms become difficult, leading to fragmented ecosystems that struggle to function efficiently at a large scale. This lack of consistency complicates data transfer, which increases the complexity and costs of implementing blockchain technology across businesses.
Moreover, the absence of a standardized approach slows the development of universally accepted best practices, hindering the widespread adoption and long-term growth of blockchain in the industry. For blockchain to reach its full potential, the industry must address these issues to ensure smoother collaboration and greater scalability.
The integration of Internet of Things (IoT) sensors with blockchain technology presents a powerful solution for the agriculture and food industries. IoT sensors gather real-time data on soil health, crop growth, and livestock management, while blockchain ensures that this data is tamper-proof, transparent, and securely stored. This combination offers a reliable system for collecting and managing agricultural data, improving decision-making by providing farmers with valuable insights. Moreover, the technology enhances yield prediction accuracy, helping farmers optimize their resources and boost productivity.
For instance, in March 2023, Mahindra Group launched an IoT-based device for farm equipment. This device enables better fleet performance, income improvement, and maintenance cost management while reducing downtime and preventing unauthorized tractor usage, highlighting the potential of IoT-blockchain integration in agriculture.
Study Period | 2021-2033 | CAGR | 41.94% |
Historical Period | 2021-2023 | Forecast Period | 2025-2033 |
Base Year | 2024 | Base Year Market Size | USD 391.53 million |
Forecast Year | 2033 | Forecast Year Market Size | USD 8402.14 million |
Largest Market | North America | Fastest Growing Market | Asia Pacific |
North America holds the largest market share in the global market, driven by the region’s advanced agricultural practices and the widespread adoption of blockchain technology by key industry players. The increasing demand for transparency, traceability, and efficiency in food production, distribution, and payment systems fuels this growth.
Moreover, the region benefits from a strong technological infrastructure, a tech-savvy population, and a favorable regulatory environment. Governments in North America have implemented stringent food safety regulations, further encouraging the use of blockchain to ensure secure, transparent food supply chains.
These regulations not only promote compliance but also help prevent fraud, boosting blockchain adoption across the agriculture and food sectors.
Asia-Pacific is experiencing the fastest growth in the global blockchain in agriculture and food market, fueled by rapid digital transformation and increasing smartphone penetration. Countries like China and India are quickly adopting blockchain to improve food traceability, enhance supply chain efficiency, and ensure food safety. China is at the forefront with initiatives such as Alibaba's blockchain solutions, widely used in food safety projects. These solutions enable better traceability of food products, building consumer trust and ensuring compliance with stringent food safety regulations.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
The services segment dominates the global market due to the increasing need for integration, consulting, and support services. These services are essential for organizations to effectively implement blockchain solutions, ensuring smooth integration with existing systems and optimizing performance. As blockchain adoption rises to enhance traceability and transparency, the demand for specialized services such as system design, maintenance, and training has grown significantly. This surge in demand positions the services subsegment as a key market leader, driving the widespread adoption and successful deployment of blockchain technology across the agriculture and food sectors.
Supply chain tracking holds the highest market share in the global market. The rising demand for transparency and traceability in the food supply chain drives this dominance. Supply chain tracking enables stakeholders to monitor the origin, quality, and movement of food products, ensuring compliance with regulatory standards and enhancing consumer trust. By reducing risks such as food fraud and contamination, blockchain-based supply chain tracking strengthens the integrity of food systems, making it the leading application in the market and fostering a safer, more transparent food supply network.
Food suppliers are the leading end-user segment due to their pivotal role in ensuring transparency and traceability throughout the supply chain, making them key adopters of blockchain technology. By validating product authenticity, tracking supply routes, and enhancing trust with retailers and consumers, food suppliers meet the growing demand for sustainable and ethically sourced products. As regulatory requirements and consumer expectations for food safety intensify, food suppliers increasingly rely on blockchain to ensure compliance and address concerns, solidifying their position as market leaders.
Established companies like IBM, Cargill, and Alibaba are leading the way by introducing innovative blockchain solutions for food traceability and supply chain management. Moreover, emerging players are contributing to market growth by developing novel blockchain applications tailored to agricultural practices, improving transparency, and enhancing efficiency. These companies are driving the evolution of blockchain technology in agriculture, expanding market opportunities, and fostering industry-wide adoption.
AgriLedger is an emerging leader in the blockchain space, dedicated to enhancing traceability and transparency across agricultural supply chains. The company focuses on bridging the gap between farmers, suppliers, and consumers by leveraging blockchain technology to track the origin, quality, and safety of agricultural products.
AgriLedger’s innovative solutions ensure the integrity of data, providing real-time insights and reducing the risk of fraud within the food industry. By promoting transparency, the company is transforming supply chain management, fostering trust, and driving efficiency in the agricultural sector.
Recent Developments by AgriLedger;
In September 2024, AgriLedger partnered with major agricultural cooperatives in Africa to implement blockchain solutions for improving supply chain transparency, ensuring better market access for smallholder farmers.
September 2024 - Walmart and Kroger, alongside their suppliers, joined a blockchain-based initiative aimed at enhancing food safety. This collaborative effort focuses on improving traceability and transparency in the food supply chain, ensuring better product quality and quicker response to potential safety issues. The initiative leverages blockchain technology to provide immutable records of product journeys, reducing fraud and enhancing consumer confidence.