The blockchain in retail market has grown exponentially in recent years, from $2.92 billion in 2024 to $5.43 billion in 2025 at a compound annual growth rate (CAGR) of 86.2%. Supply chain transparency, streamlined payments and transactions, smart contracts adoption, efficient inventory management, cross-border transactions have all contributed significantly to the market’s growth in the historic period.
Moreover, the market size is projected to experience further exponential growth in the coming years, reaching an estimated $63.51 billion by 2029 at a CAGR of 84.9%. Enhanced product traceability, cross-industry collaboration, decentralized identity verification, tokenization of assets, and regulatory compliance will all be essential growth catalysts in the forecast period.
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What Are The Key Drivers Of The Blockchain in Retail Market?
The blockchain in retail market growth is being driven by an increased demand for transparency in the retail supply chain. Companies operating in the retail sector are investing in blockchain technologies to increase visibility at every step of their supply chain, from sourcing of raw materials to customer care instructions, thus enhancing customer experience, employee satisfaction and revenue generation.
What Are the Major Segments Within the Global Blockchain in Retail Market?
1) By Component: Platform Or Solutions, Services
2) By Providers: Application Providers, Middleware Providers, Infrastructure Providers
3) By Application: Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, Other Applications
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Who Are The Major Players In The Blockchain In Retail Market?
Key players in the blockchain in retail market include International Business Machines Corporation, SAP SE, Oracle Corporation, Bitfury Group Limited, Auxesis Services & Technologies (P) Ltd., Walmart Inc., Target Corporation, Alibaba Group Holding Limited, Overstock. com Inc., Blockverify Limited, Amazon Web Services Inc., Chronicled Inc., Coinfirm Limited, The De Beers Group, Everledger Limited, Filament, Inc., Fluent Inc., Loyyal Corporation, modum. io AG, Provenance Limited, Ripe Technology Inc., Skuchain Inc., Sweetbridge Inc., Taeltech Pte. Ltd., TE-FOOD International GmbH, VeChain Foundation San Marino S. r. l., Ambrosus Technologies GmbH, ARCNET Corp., Block Array LLC, Chainvine Limited, OriginTrail d. o. o.
What Emerging Trends Are Shaping The Blockchain In Retail Market Landscape?
Technological developments are a key trend gaining popularity in the blockchain in retail market. Companies are focusing on developing innovative solutions to meet technical requirements and demands of end users. For example, in November 2022, Clarins, a France-based beauty products manufacturer, launched a blockchain-based platform for product traceability.
Which Region Is The Largest And Fastest-growing In The Blockchain In Retail Market?
North America leads the blockchain in retail market as of 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period.
What Does The Blockchain In Retail Market Report 2025 Offer?
Blockchain in retail refers to the use of decentralized ledger technology to enhance transparency and security in supply chains. It is used to track the provenance of products, streamline payments, and reduce fraud. This technology enables retailers to build trust with consumers by ensuring product authenticity and improving operational efficiency. The Blockchain In Retail Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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