The Latin America blockchain in agriculture market size reached USD 0.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.50 Billion by 2033, exhibiting a growth rate (CAGR) of 44.70% during 2025-2033. The increasing demand for supply chain transparency, enhanced traceability, reduced fraud, improved efficiency in transactions, rising adoption of smart contracts, government initiatives for digital transformation, and the need for secure, tamper-proof data management in farming, livestock, and agribusiness operations are some of the major factors positively impacting the Latin America block chain in agriculture market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 0.50 Billion |
Market Forecast in 2033 | USD 18.50 Billion |
Market Growth Rate (2025-2033) | 44.70% |
Enhancing Supply Chain Transparency
Blockchain is transforming agricultural supply chains in Latin America by creating a decentralized, tamper-proof ledger for tracking products from farm to consumer. This system eliminates inefficiencies caused by manual record-keeping, reduces fraud, and ensures data integrity. Blockchain enhances trust among farmers, processors, retailers, and consumers by providing verifiable records on product origin, quality, and certifications. Transactions are managed through smart contracts, which minimize time loss and guarantees just payment for producers. Traceability plays an important role in exports, where international standards must be complied with. Therefore, food manufacturers and processors widely use blockchain to verify sustainable sourcing and prevent counterfeiting. In addition, the implementation of blockchain will enable agricultural stakeholders to identify bottlenecks, minimize waste generation, and address food safety issues with more transparency, leading to a positive Latin America blockchain in the agriculture market outlook.
Empowering Smallholder Farmers through Digital Platforms
Blockchain-powered digital platforms are transforming agricultural markets by directly connecting smallholder farmers with larger buyers. Many farmers struggle with limited access to financial services, fair pricing, and real-time market data, exposing them to price volatility and intermediary exploitation. On December 4, 2024, Nuvei launched a blockchain payment solution for merchants in Latin America that streamlines cross-border B2B transactions. This service allows businesses to make payments through Visa-supported physical or virtual cards using stablecoins, thereby improving the speed and accessibility of transactions. Blockchain eliminates intermediaries and allows direct transactions between farmer and buyer, thus enabling better prices and timely payment. Farmers can tokenize their assets, such as crop yields or land, for better access to financing. Transparent and immutable land ownership records are held in a secure digital ledger, reducing conflicts and securing long-term economic stability. The integration of blockchain with financial services helps smallholder farmers gain greater economic resilience, improved decision-making, and increased profitability. This shift strengthens agricultural supply chains, fostering efficiency and transparency, and also significantly contributes to the Latin America blockchain in agricultural market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, organization size, stakeholder, provider, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes public, private, and hybrid/consortium.
Organization Size Insights:
A detailed breakup and analysis of the market based on the organization size have also been provided in the report. This includes large enterprises and SMEs.
Stakeholder Insights:
The report has provided a detailed breakup and analysis of the market based on the stakeholder. This includes growers, food manufacturers/processors, and retailers.
Provider Insights:
A detailed breakup and analysis of the market based on the provider have also been provided in the report. This includes application and solution, middleware, and infrastructure and protocol.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes product traceability, tracking and visibility, payment and settlement, smart contracts, governance, and risk and compliance management.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Public, Private, Hybrid/Consortium |
Organization Sizes Covered | Large Enterprises, SMEs |
Stakeholders Covered | Growers, Food Manufacturers/Processors, Retailers |
Providers Covered | Application and Solution, Middleware, Infrastructure and Protocol |
Applications Covered | Product Traceability, Tracking and Visibility, Payment and Settlement, Smart Contracts, Governance, Risk and Compliance Management |
Regions Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: