The Blockchain in Agriculture and Food Supply Chain Market is expected to achieve a 36% CAGR from 2024 to 2032, driven by the increasing demand for transparency and traceability in food supply chains, along with heightened consumer interest in the provenance of their food. As consumers actively seek assurance regarding the origins and journey of their food products, businesses are increasingly turning to blockchain technology for its capability to offer immutable records and real-time traceability. This transition toward transparency fosters trust, guarantees product quality, and aids in regulatory compliance, thereby propelling market growth. For example, BASF Agricultural Solutions launched a pilot project called “Seed 2 Sew” in October 2022, employing blockchain to trace FiberMax(R) cotton, which is sustainably cultivated, from seed to the final product, addressing the complexities inherent in cotton supply chains. This initiative underscores the potential of blockchain technology to tackle challenges related to sustainability and supply chain management. The implementation of blockchain solutions by companies like BASF highlights the growing significance and integration of this technology in enhancing agricultural supply chains and ensuring product traceability. The landscape of the blockchain in the agriculture and food supply chain industry is segmented based on type, application, technology, end-user, and region. Between 2024 and 2032, the food supply chain tracing segment is anticipated to witness significant growth due to its pivotal role in ensuring transparency, traceability, and safety. Blockchain technology facilitates precise tracking of food products from farm to table, helping to mitigate fraud, minimize waste, and enhance quality control.

As consumers and regulators increasingly demand higher levels of accountability and transparency in food sourcing, the necessity for robust tracing solutions powered by blockchain technology continues to escalate. The food manufacturers segment is poised to see substantial growth through 2032, driven by their essential role in both production and distribution. Blockchain technology offers food manufacturers improved visibility, traceability, and efficiency, enabling better management of supply chain operations and quality control. As manufacturers strive to optimize their processes, reduce costs, and comply with regulatory standards, the adoption of blockchain technology becomes essential for maintaining transparency and integrity within the food supply chain. In Europe, the blockchain market in agriculture and food supply chains is projected to achieve significant CAGR from 2024 to 2032, supported by its advanced technological infrastructure, robust regulatory frameworks, and substantial investments in food safety and traceability. The region places a strong emphasis on transparency, quality control, and sustainable practices, driving further adoption of blockchain technology. Additionally, European governments and organizations are actively promoting digital transformation in agriculture and food supply chains. Europe’s forward-thinking approach and regulatory landscape position it as a key player in the market's growth.