Food Trust Blockchain Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 10.5 Billion by 2030, growing at a CAGR of 21.2% from 2024 to 2030.
The Food Trust Blockchain market demonstrated significant growth in 2022, valued at approximately $510 million. The market is projected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2028. This growth trajectory underscores the increasing adoption of blockchain technology for enhancing transparency, traceability, and security in the food supply chain. Key factors contributing to this expansion include heightened consumer demand for verified food safety and quality, as well as regulatory pressures driving the implementation of robust traceability systems.
Opportunities within the Food Trust Blockchain sector are abundant, particularly in emerging markets where regulatory frameworks are evolving. As developing economies enhance their food safety standards and infrastructure, there is significant potential for blockchain solutions to address existing challenges. Emerging markets are expected to witness a rapid increase in blockchain adoption due to the need for improved supply chain integrity and consumer protection. The integration of blockchain in these regions is poised to revolutionize food traceability and establish more resilient food systems globally.
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IBM
TE-FOOD International GmbH
Microsoft
ACR-NET
Ambrosus
SAP SE
OriginTrail
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Food Trust Blockchain Market
Planting Industry
Food Manufacturer/Processor
Retailer
Others
Based on Types the Market is categorized into Below types that held the largest Food Trust Blockchain market share In 2023.
Public Blockchain
Private Blockchain
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Food Trust Blockchain Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Food Trust Blockchain Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Food Trust Blockchain Market, By Type
6. Global Food Trust Blockchain Market, By Application
7. Global Food Trust Blockchain Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Food Trust Blockchain Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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