The Blockchain In Agriculture and Food Supply Chain Market requires a detailed analysis to understand its transformative impact on the agriculture and food sectors. MRFR estimates that the market, valued at USD 180.69 Billion in 2024, will grow to USD 839.99 Billion by 2035, at a CAGR of 14.99% during the forecast period 2025–2035.
This analysis identifies several key factors influencing the adoption of blockchain. Increasing concerns about food safety and supply chain fraud are primary drivers. Blockchain provides immutable records and product provenance verification, ensuring transparency for all stakeholders. Additionally, the efficiency in managing logistics, inventory, and payments contributes to operational cost reduction and improved stakeholder trust.
From a technological standpoint, innovations like blockchain-enabled IoT devices and AI analytics enhance predictive supply chain management, ensuring timely delivery of perishable products. Regional analysis highlights North America and Europe as early adopters due to robust technological infrastructure, while Asia-Pacific is projected to witness significant growth due to government initiatives and digital agriculture adoption.
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