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Dublin, November 26, 2020 (GLOBE NEWSWIRE) – The “Blockchain in Agriculture and Food Supply Chain” market by application (product traceability, payment and settlement, smart contracts and governance, risk management and compliance)), supplier, size organization, and region – Global Forecast to 2025 report added ” ResearchAndMarkets.com offer.
The global blockchain market size in agriculture and the food supply chain is estimated at $ 133 million in 2020 and is projected to reach $ 948 million by 2025, with a CAGR of 48.1% during the forecast period. .
Blockchain technology is revolutionizing the food and agriculture sectors by improving the decision-making skills of organizations. It finds several potential applications in these areas, some of which have already been explored. Major applications of blockchain technology in the food and agriculture sectors include traceability, product tracking and visibility, payment and settlement, smart contract, governance, risk and compliance management. The blockchain market is expected to grow, due to an increased demand for supply chain transparency. The main driver of the blockchain market is the growing number of food fraud cases. The growth RATE of small and medium-sized enterprises is higher as several startups are investing in this market around the world and understand the benefits offered by this technology.
By application, the product tracking, traceability and visibility subtype is expected to represent the largest growth in the specialty greases and oils market during the forecast period.
Using blockchain technology, companies can claim and authenticate their products by providing end customers with knowledge of the product’s complete journey from origin to shelf. Furthermore, the importance of these applications has grown enormously with the spread of the COVID-19 pandemic. It is estimated that the blockchain market will only see an increase in the post-pandemic world, as transparency and traceability of the food value chain are seeing a growing need in the global food industry.
Based on the vendor, the applications and solutions provider subtype is expected to be the fastest growing segment in the blockchain in the agricultural and food supply chain market during the forecast period.
Application and solution providers are third-party entities that distribute and manage blockchain solutions for agricultural and food industry customers. These vendors provide blockchain technologies that are more likely to deliver high business value to companies by reducing duplication of transactional data and providing periodic reconciliation and authentication for business and regulatory needs.
Based on the size of the organization, the large enterprise subsegment is expected to account for the highest market share in the blockchain in the agricultural and food supply chain market during the forecast period.
Large organizations have sufficient income and funds to invest in new technologies; Therefore, industry giants such as Walmart (United States), Bumble Bees (United States), Nestlé (Switzerland) and JD.com (China) are adopting blockchain technology on a pilot basis leading to domination of this segment. The agricultural and food market includes leading companies such as IBM Microsoft, SAP SE, ACR-NET, and TE-Foods International GmbH, among others providing exquisite blockchain technology platforms.
Key topics covered:
1. Introduction
2 Research methodology
3 Executive summary
4 Premium Insights
4.1 Opportunities in the Blockchain in the agricultural and food supply chain market
4.2 Blockchain in the agricultural and food supply chain market: Key country
4.3 Blockchain in the agricultural and food supply chain market, by supplier and region
4.4 Blockchain in the agricultural and food supply chain market, by application
4.5 Developed vs. Developing markets for blockchain in agriculture and the food supply chain
4.6 North America: Blockchain in the agricultural and food supply chain market, by supplier and country
5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Driver
5.2.1.1 Growing concerns about food safety among consumers requiring transparency in the supply chain
5.2.1.1.1 Increase in cases of food fraud
5.2.1.2 Increased popularity of blockchain among resellers / distributors for better data supervision and management
5.2.1.3 Growth in online trading and tracking systems increasing the need for Blockchain solutions during COVID-19
5.2.1.4 Growth in food waste and post-harvest losses
5.2.2 Restrictions
5.2.2.1 Uncertainty in regulations and standards
5.2.2.2 Limited availability of technical skill sets for the implementation and management of Blockchain applications
5.2.3 Opportunities
5.2.3.1 Increase in funding and investments in the agri-food blockchain
5.2.3.2 Opportunity to adopt Blockchain solutions to alleviate the complexities of the supply chain in the agricultural ecosystem
5.2.3.3 Fastest growing smart agricultural systems creating an opportunity for blockchain applications at the farmer level
5.2.3.4 Government initiatives to support modern techniques that can be used in agriculture to increase agricultural production
5.2.4 Challenges
5.2.4.1 Bad data management among growers during precision farming
5.2.4.2 Agreement between all stakeholders in the supply chain for the digital connection
5.2.4.3 The lack of data standardization is a challenge as it could misrepresent the data
5.3 Blockchain ecosystem
5.3.1 Blockchain ecosystem in agriculture and the food supply chain
5.4 Steps involved in implementing Blockchain technology
5.5 Blockchain Associations and Consortia
5.5.1 Consortium R3
5.5.2 Kinakuta
5.5.3 Hyperledger
5.5.4 World Blockchain Association
5.5.5 Global Blockchain Business Council
5.5.6 Trace Alliance
5.5.7 Blockchain Alliance
5.5.8 Blockchain Industry Group
5.5.9 Blockchain Collaborative Consortium (Bcc)
5.6 Use cases
6 Impact of COVID-19 on blockchain in agriculture and food supply chain markets
6.1 Impact of COVID-19 on the blockchain in the agriculture market and food supply chain
6.2 Impact of COVID-19 on the blockchain in the agriculture and food supply chain market
7 Blockchain in the agricultural market, by type
7.1 Introduction
7.2 Public blockchain
7.3 Private blockchain
7.4 Consortium / Hybrid Blockchain
8 Blockchain in the agricultural and food supply chain market, by stakeholders
8.1 Introduction
8.2 Farmers
8.3 Food producers / processors
8.4 Resellers
9 Blockchain in the agricultural and food supply chain market, by supplier
9.1 Introduction
9.2 Application and Solution Providers
9.3 Middleware Providers
9.4 Infrastructure and Protocol Providers
10 Blockchain in the agricultural and food market, by organization size
10.1 Introduction
10.2 Small and medium-sized enterprises
10.2.1 Large enterprises
11 Blockchain in the agricultural and food supply chain market, by application area
11.1 Introduction
11.2 Traceability, traceability and visibility of the product
11.3 Payments and settlements
11.4 Smart Contract
11.5 Governance, risk and compliance management
12 Blockchain in the agricultural and food supply chain market, by region
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 United Kingdom
12.3.2 Germany
12.3.3 Rest of Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 Australia and New Zealand
12.4.3 Japan
12.4.4 Singapore
12.4.5 Rest of Asia-Pacific
12.5 South America
12.5.1 Brazil
12.5.2 Argentina
12.5.3 Rest of South America
12.6 Middle East and Africa
12.6.1 UAE
12.6.2 Kenya and Nigeria
12.6.3 South Africa
12.6.4 Rest of Mea
13 Competitive landscape
13.1 Overview
13.2 Market Ranking
13.2.1 Market Scoreboard
13.3 Competitive scenario
13.3.1 Expansions, Financing and Investments
13.3.2 New Product Launches
13.3.3 Agreements, joint ventures, cooperations, collaborations and partnerships
14 Company Valuation Matrix and Company Profiles
14.1 Company evaluation matrix (global market)
14.1.1 Stars
14.1.2 Pervasive players
14.1.3 Emerging leaders
14.1.4 Participants
14.2 Company profiles
14.2.1 IBM
14.2.2 Microsoft
14.2.3 Arc-Net
14.2.4 Ambrosus
14.2.5 Sap Se
14.2.6 Origintrail
14.2.7 Origin
14.2.8 Agridigital
14.2.9 Ripe.Io
14.2.10 Vechain
14.2.11 Chainvine
14.2.12 Agrichain
14.2.13 Skuchain
14.2.14 Bext360
14.2.15 Fce Group Ag
14.2.16 Coin 22
14.2.17 Te-Food International GmbH
14.2.18 Form I Ag
14.2.19 could live
14.2.20 Eharvesthub Inc.
14.2.21 Grainchain
14.2.22 Cargochain
14.2.23 Farm2Kitchen Foods Pvt. Ltd.
14.2.24 Original
14.2.25 Agri 10X
15 Appendix
15.1 Discussion Guide:
15.2 Knowledge Store: the subscription portal
15.3 Personalization available
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