About Food Trust Blockchain
Food Trust is one of the biggest and most energetic non-crypto blockchain networks in manufacturing today. IBM Food Trust™ is the first blockchain meals protection answer that lets in transaction companions to confidently and securely share meals information, developing a greater obvious and honest world meals grant chain. Food from throughout the world is handy to shoppers today, regardless of the season, location, or environment. However, the increased preferences and accessibility are accompanied by way of growing complexity in the meals grant chain. Blockchain options require extra than the science for adoption and have an impact on inside corporations and for the duration of industries. IBM Food Trust is no longer solely constructed on an impenetrable and dependable platform, however additionally recognises the indispensable elements for collaboration and motion of all in the meals system. Food Trust affords employer with a set of built-in modules to address the extended complexity and construct believe in the industry.
|Value (USD Million)
Food Trust Blockchain market is highly concentrated among major international players such as IBM, Microsoft, Oracle, SAP, etc. where these companies have their brand of blockchain technologies. North America and Europe market for food trust blockchain are established by key market players, along with the market presence of significant innovators. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Food Trust Blockchain market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), TE-FOOD International GmbH (Germany), Microsoft (United States), ACR-NET (India), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail (Slovenia), Arc-Net (United Kingdom), Agridigital (Australia) and Ripe.Io (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chainvine (United Kingdom) and Vechain (Singapore).
AMA Research has segmented the market of Global Food Trust Blockchain market by Type (Public Blockchain and Private Blockchain), Application (Planting Industry, Food Manufacturer/Processor, Retailer and Others) and Region.
On the basis of geography, the market of Food Trust Blockchain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Stakeholders, the sub-segment i.e. Growers will boost the Food Trust Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Accumulative Complexity in the Food Supply Chain and Growing Demand for Food Information from Consumers’ Side Thus Reflects the Need for Transparency and Trust
Changing Regulations and Slow Product Innovation Cycles
Lack of Product Traceability and Counterfeit Food Products
Intensification in Funding and Investments in Food Trust Blockchain
Market Leaders and their expansionary development strategies
On October 26, 2023, Food Trust Blockchain, a food traceability platform, has partnered with Alluma, a provider of blockchain-based solutions for the agriculture and food supply chain, to develop a new platform for tracking food from farm to fork
On September 19, 2023, Food Trust Blockchain Launches New Platform for Food Safety Management Food Trust Blockchain launched a new platform designed to help food businesses improve food safety management by providing them with a secure and transparent way to track food from farm to fork.
Key Target AudienceNew Entrants, Potential Investors, Government Bodies and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.