Food NFT Market By Type (Physical Asset, Digital Asset) By Offering (Business Strategy Formulation, NFT Creation and Management, NFT Platform)-Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 15253 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the food NFT market?

  • In 2022, the digital asset segment held the largest revenue share of the global food NFT market as more services and goods connected to food are represented on a blockchain as non-fungible tokens. 
  • In 2022, the business strategy formulation segment was expected to hold a significant global food NFT market revenue share as businesses and entrepreneurs look for new ways to use NFTs to generate value and propel the food industry forward.

What is the Market Size of the Food NFT Regarding Value?

The global food NFT market is anticipated to grow at a substantial CAGR of 42.50% in the upcoming years. The Global Food NFT industry was estimated to be worth USD 152.6 million in 2022 and was expected to be worth USD 1820.8 million by 2030.

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Which region dominated the food NFT market?

North America had a major global food NFT market share in 2022 because blockchain technology and cryptocurrencies are used in the area. One of the key drivers propelling the North American food NFT industry is the increased desire for sustainable and locally sourced food. A growing trend in customer support for local farmers and producers may be offered by food NFTs. Consumers purchasing food from NFTs can get unique and exclusive food products or dining experiences while supporting artisanal producers and small-scale farmers.

food-nft-market-img1

How is US Market Performing in the food NFT market?

The North American region currently leads the global food NFT market. The United States holds the largest revenue share because the US is one of the world’s greatest markets for food items and experiences. Several food producers, chefs, and restaurant owners in the US market are interested in using NFTs to develop new revenue streams and engage with customers in novel ways. Unique and exclusive food goods and experiences are becoming increasingly popular among American consumers. Customers can obtain limited-edition or exclusive food products or experiences that are not easily accessible to the general public by purchasing food NFTs. In addition, the US has been a leader in adopting blockchain technology, the foundational technology that permits the development and trading of NFTs. The demand for food NFTs is projected to rise as more companies and customers grow accustomed to blockchain technology.

How is the economy impacting global food NFT growth?

The state of the world economy significantly impacts the development of the market for food NFTs. As consumers have more disposable income, they are more likely to spend it on luxury items and experiences, such as the one-of-a-kind and exclusive food products and experiences sold as NFTs. The need for food NFTs may rise as a result. In addition, people frequently reduce their discretionary expenditure during a recession, which includes buying upscale meals and traveling. The demand for food NFTs may decline as a result.

What is the competitive environment of the food NFT market?

Many significant competitors are engaged in the fiercely competitive food NFT industry. Since the food NFT business is still relatively new and developing, the competitive landscape is changing quickly. Some well-known food producers and brands are investigating the use of NFTs to develop new revenue streams and connect consumers in novel ways. For instance, some restaurants sell NFTs that give customers access to special dining experiences, while some wineries sell NFTs that provides customers access to limited-edition wine bottles. In addition, several marketplaces and platforms, such as Nifty Gateway and OpenSea, have developed to make it easier to buy and trade food NFTs. These platforms give companies and consumers a simple and safe way to exchange food NFTs.

Executive Summary

What are the key trends in the food NFT market?

  • Growing demand for premium and distinctive food offerings and experiences: The rising demand for distinctive and special food goods and experiences is one of the major themes for the food NFT business. Food producers and restaurant owners are turning to NFTs to give access to limited edition or one-of-a-kind items and experiences as consumers seek out novel and intriguing culinary experiences. NFTs allow companies to accentuate their goods’ and experiences’ rarity and exclusivity, raising consumer perception of value and opening up new revenue streams. For instance, a restaurant might offer an NFT that gives customers access to a private dining experience with the chef. In contrast, a small-batch chocolatier might sell an NFT that gives customers access to a limited-edition chocolate taste.

Which are the key investments by the food NFT market players?

The food NFT sector is still in its early phases. Many of the major investments made by market participants are concentrated on generating new use cases, platforms and marketplaces and investigating the potential of blockchain technology. The development of marketplaces and platforms that simplify the purchasing and selling food NFTs has received some of the largest investments in the market for food NFTs. For instance, Nifty Gateway has raised over $20 million in funding to create its NFT marketplace, while OpenSea has raised over $27 million. Furthermore, many market participants in the food NFT space are investing in advancing blockchain technology, which serves as the foundation for producing and exchanging NFTs.

Some major players in the food NFT market are YellowHeart, LLC., Cloudflare, Inc., PLBY Group, Inc, Dolphin Entertainment, Inc., Funko, Ozone Networks, Inc., Takung Art Co., Ltd., Dapper Labs, Inc, Gemini Trust Company, LLC and Onchain Labs, Inc.

What are the Major Driving Factors for the Food NFT Market?

The main drivers of the growth of the food NFT market are the rise of digital assets and collectibles, the development of the blockchain-based food industry as well as the metaverse, the rapid adoption of cryptocurrencies, the availability of authentication, and the capacity to trace original owners. Food NFT trading has become more prevalent due to the introduction of NFT platforms, and it is now rapidly growing. Since NFTs are so simple to buy, consumers use them more regularly for eating. As more bitcoin exchanges support food NFTs, the number of people buying and trading these unique items is projected to rise. Furthermore, the desire for unique and special eating experiences is another factor driving the expansion of the food NFT sector.

What are the Major Risks for the Food NFT Market?

Various obstacles are in the way of the food NFT market’s expansion and adoption. NFTs’ existence and functioning are still mostly unknown to many customers and enterprises. This ignorance may make it challenging for companies to market and sell food NFTs, which may delay adoption. In addition, NFT creation and trading costs can be expensive, especially for individuals or small firms. This can reduce the number of market participants and make it challenging for small enterprises to compete. 

Which is the key type in the food NFT market?

The digital asset segment will dominate the global food NFT market in the coming years. Food-related goods and experiences may be represented as non-fungible tokens on a blockchain in the food NFT market. A digital asset represents a tangible or intangible asset that can be held and exchanged like any other asset. A blockchain, a decentralized digital ledger that keeps track of all transactions and offers a transparent and secure method of storing and transferring digital assets, is where they are kept. Cryptocurrencies like Bitcoin and Ethereum and non-fungible tokens (NFTs), distinctive digital assets that signify ownership of something, like art or collectibles, are examples of digital assets used in food NFTs.

How is the food NFT market performing in regions?

The Europe food NFT market is expected to grow rapidly and profitably during the forecast period due to the interest in sustainable food production and the rising recognition of farm-to-table dining. Many European nations also have a strong passion for wine and cuisine, which may increase demand for NFTs related to food. Furthermore, rising consumer demand for authentic and traceable food items, the development of blockchain technology, and rising interest in digital assets are the main drivers of growth in the European food NFT sector. The food NFT market in Europe has several significant players, including food producers, blockchain technology vendors, and online marketplaces.

What is the regulatory landscape for the food NFT market?

There is no unified method for regulating NFTs, and the regulatory environment for the food NFT market is continually changing. For businesses and investors, the regulatory environment for NFTs is still unclear in many jurisdictions. The legal and regulatory frameworks that apply to NFTs, including their classification as securities or commodities, need to be clarified more. Many nations and jurisdictions have quite varying regulatory environments for NFTs. This might present difficulties for companies with global operations and emphasizes the need for increased international coordination and collaboration in NFT regulation. 

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What are the major players planning for the future of the food NFT market?

The major companies in the food NFT market plan to expand their product portfolios, collaborate with academic and research institutions, spend money on R&D, buy other market competitors, or merge with them to stay competitive and meet the shifting needs of their clients.

REPORT ATTRIBUTE DETAILS
Report Attributes Details
Food NFT Market by Volume Yes
Food NFT Market by Value Yes
Food NFT Market, Tornado Analysis Yes
Food NFT Market, STAR Analysis Yes
Food NFT Market, SRC Analysis Yes
Food NFT Market, Import-Export Data Yes (On Demand)
Food NFT Market Pricing Analysis Yes (On Demand)
Food NFT Market Segment Analysis
  • By Type (Physical Asset and Digital Asset)
  • By Offering (Business Strategy Formulation, NFT Creation and Management and NFT Platform)
Food NFT Market, Regional Analysis
  • North America (US and Canada)
  • Europe (UK, Germany, Italy, France, Spain, and the Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, and the Rest of Latin America)
  • Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)
Food NFT Market Key Companies YellowHeart, LLC., Cloudflare, Inc., PLBY Group, Inc, Dolphin Entertainment, Inc., Funko, Ozone Networks, Inc., Takung Art Co., Ltd., Dapper Labs, Inc, Gemini Trust Company, LLC and Onchain Labs, Inc.
Food NFT Market Competitive Landscape
  • Competitive Benchmarking
  • Market Share Analysis
  • Geographical Presence Analysis
  • Key Players Market Positioning
  • Major Strategies Adopted

Segmentation of Global Food NFT Market-

Global Food NFT Market – By Type

  • Physical Asset
  • Digital Asset

Global Food NFT Market – By Offering

  • Business Strategy Formulation
  • NFT Creation and Management
  • NFT Platform

Global Food NFT Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Food NFT Market
2.2. Global Food NFT Market, By Type
2.3. Global Food NFT Market, By Offering
2.4. Global Food NFT Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Food NFT Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Offering
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Food NFT Market
7.1. Global Food NFT Market, by Type, 2017-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Food NFT Market, By Type, 2022 vs 2030 (in%)
7.1.3. Global Food NFT Market, By Physical Asset, 2017-2030 (US$ Bn)
7.1.4. Global Food NFT Market, By Digital Asset, 2017-2030 (US$ Bn)
7.2. Global Food NFT Market, by Offering, 2017-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Food NFT Market, By Offering, 2022 vs 2030 (in%)
7.2.3. Global Food NFT Market, By Business Strategy Formulation, 2017-2030 (US$ Bn)
7.2.4. Global Food NFT Market, By NFT Creation and Management, 2022 vs 2030 (in%)
7.2.5. Global Food NFT Market, By NFT Platform, 2017-2030 (US$ Bn)

8. North America Food NFT Market Analysis
8.1. North America Food NFT Market, by Type, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Food NFT Market, by Offering, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Food NFT Market, by Country, 2017-2030 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.3.1.2. U.S. Food NFT, By Type, 2017-2030 (US$ Bn)
8.3.1.3. U.S. Food NFT, By Offering, 2017-2030 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.3.2.2. Canada Food NFT, By Type, 2017-2030 (US$ Bn)
8.3.2.3. Canada Food NFT, By Offering, 2017-2030 (US$ Bn)

9. Europe Food NFT Market Analysis
9.1. Europe Food NFT Market, by Type, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Food NFT Market, by Offering, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Food NFT Market, by Country, 2017-2030 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.1.2. Germany Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.1.3. Germany Food NFT, By Offering, 2017-2030 (US$ Bn)
9.3.2. France
9.3.2.1. France Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.2.2. France Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.2.3. France Food NFT, By Offering, 2017-2030 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.3.2. UK Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.3.3. UK Food NFT, By Offering, 2017-2030 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.4.2. Italy Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.4.3. Italy Food NFT, By Offering, 2017-2030 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.5.2. Spain Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.5.3. Spain Food NFT, By Offering, 2017-2030 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.3.6.2. Rest of Europe Food NFT, By Type, 2017-2030 (US$ Bn)
9.3.6.3. Rest of Europe Food NFT, By Offering, 2017-2030 (US$ Bn)

10. Asia Pacific Food NFT Market Analysis
10.1. Asia Pacific Food NFT Market, by Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Food NFT Market, by Offering, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Food NFT Market, by Country, 2017-2030 (US$ Bn)
10.3.1. China
10.3.1.1. China Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.1.2. China Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.1.3. China Food NFT, By Offering, 2017-2030 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.2.2. Japan Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.2.3. Japan Food NFT, By Offering, 2017-2030 (US$ Bn)
10.3.3. India
10.3.3.1. India Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.3.2. India Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.3.3. India Food NFT, By Offering, 2017-2030 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.4.2. South Korea Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.4.3. South Korea Food NFT, By Offering, 2017-2030 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.5.2. South-East Asia Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.5.3. South-East Asia Food NFT, By Offering, 2017-2030 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Food NFT, By Type, 2017-2030 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Food NFT, By Offering, 2017-2030 (US$ Bn)

11. Latin America Food NFT Market Analysis
11.1. Latin America Food NFT Market, by Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Food NFT Market, by Offering, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Food NFT Market, by Country, 2017-2030 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.1.2. Brazil Food NFT, By Type, 2017-2030 (US$ Bn)
11.3.1.3. Brazil Food NFT, By Offering, 2017-2030 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.2.2. Mexico Food NFT, By Type, 2017-2030 (US$ Bn)
11.3.2.3. Mexico Food NFT, By Offering, 2017-2030 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.3.2. Rest of Latin America Food NFT, By Type, 2017-2030 (US$ Bn)
11.3.3.3. Rest of Latin America Food NFT, By Offering, 2017-2030 (US$ Bn)

12. Middle East and Africa Food NFT Market Analysis
12.1. Middle East and Africa Food NFT Market, by Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Food NFT Market, by Offering, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Food NFT Market, by Country, 2017-2030 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.1.2. GCC Countries Food NFT, By Type, 2017-2030 (US$ Bn)
12.3.1.3. GCC Countries Food NFT, By Offering, 2017-2030 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.2.2. South Africa Food NFT, By Type, 2017-2030 (US$ Bn)
12.3.2.3. South Africa Food NFT, By Offering, 2017-2030 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Food NFT Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Food NFT, By Type, 2017-2030 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Food NFT, By Offering, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. YellowHeart, LLC
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Cloudflare, Inc.
13.3. PLBY Group, Inc.
13.4. Dolphin Entertainment, Inc.
13.5. Funko
13.6. Ozone Networks, Inc.
13.7. Takung Art Co., Ltd.
13.8. Dapper Labs, Inc.
13.9. Gemini Trust Company, LLC.
13.10. Onchain Labs, Inc.

List of Figures
FIG. 1 Global Food NFT Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Food NFT Market Segmentation
FIG. 4 Global Food NFT Market, by Type, 2022 (US$ Bn)
FIG. 5 Global Food NFT Market, by Offering, 2022 (US$ Bn)
FIG. 6 Global Food NFT Market, by Geography, 2022 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Type, 2022
FIG. 8 Attractive Investment Proposition, by Offering, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Food NFT Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Food NFT Market Manufacturers, 2022
FIG. 12 Global Food NFT Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 13 Global Food NFT Market, by Physical Asset, Value, 2017-2030 (US$ Bn)
FIG. 14 Global Food NFT Market, by Digital Asset, Value, 2017-2030 (US$ Bn)
FIG. 15 Global Food NFT Market Value Contribution, By Offering, 2022 & 2030 (Value %)
FIG. 16 Global Food NFT Market, by Business Strategy Formulation, Value, 2017-2030 (US$ Bn)
FIG. 17 Global Food NFT Market, by NFT Creation and Management, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Food NFT Market, by NFT Platform, Value, 2017-2030 (US$ Bn)
FIG. 19 U.S. Food NFT Market, 2017-2030 (US$ Bn)
FIG. 20 Canada Food NFT Market, 2017-2030 (US$ Bn)
FIG. 21 Germany Food NFT Market, 2017-2030 (US$ Bn)
FIG. 22 France Food NFT Market, 2017-2030 (US$ Bn)
FIG. 23 U.K. Food NFT Market, 2017-2030 (US$ Bn)
FIG. 24 Italy Food NFT Market, 2017-2030 (US$ Bn)
FIG. 25 Spain Food NFT Market, 2017-2030 (US$ Bn)
FIG. 26 Rest of Europe Food NFT Market, 2017-2030 (US$ Bn)
FIG. 27 China Food NFT Market, 2017-2030 (US$ Bn)
FIG. 28 Japan Food NFT Market, 2017-2030 (US$ Bn)
FIG. 29 India Food NFT Market, 2017-2030 (US$ Bn)
FIG. 30 South Korea Food NFT Market, 2017-2030 (US$ Bn)
FIG. 31 Southeast Asia Food NFT Market, 2017-2030 (US$ Bn)
FIG. 32 Rest of Asia Pacific Food NFT Market, 2017-2030 (US$ Bn)
FIG. 33 Latin America Food NFT Market, 2017-2030 (US$ Bn)
FIG. 34 Brazil Food NFT Market, 2017-2030 (US$ Bn)
FIG. 35 Mexico Food NFT Market, 2017-2030 (US$ Bn)
FIG. 36 Rest of Latin America Food NFT Market, 2017-2030 (US$ Bn)
FIG. 37 Middle East & Africa Food NFT Market, 2017-2030 (US$ Bn)
FIG. 38 GCC Countries Food NFT Market, 2017-2030 (US$ Bn)
FIG. 39 South Africa Food NFT Market, 2017-2030 (US$ Bn)
FIG. 40 Rest of Middle East and Africa Food NFT Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Food NFT Market
TABLE 2 Global Food NFT Market, by Competitive Benchmarking, 2022
TABLE 3 Global Food NFT Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Food NFT Market, by Key Strategies Analysis, 2022
TABLE 5 Global Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 6 Global Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 7 Global Food NFT Market, by Geography, 2017-2030 (US$ Bn)
TABLE 8 North America Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 9 North America Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 10 North America Food NFT Market, by Country, 2017-2030 (US$ Bn)
TABLE 11 US Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 12 US Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 13 Canada Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 14 Canada Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 15 Europe Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 16 Europe Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 17 Europe Food NFT Market, by Country, 2017-2030 (US$ Bn)
TABLE 18 Germany Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 19 Germany Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 20 France Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 21 France Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 22 UK Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 23 UK Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 24 Italy Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 25 Italy Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 26 Spain Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 27 Spain Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 28 Rest of Europe Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 29 Rest of Europe Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 30 Asia Pacific Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 31 Asia Pacific Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 32 Asia Pacific Food NFT Market, by Country, 2017-2030 (US$ Bn)
TABLE 33 China Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 34 China Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 35 Japan Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 36 Japan Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 37 India Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 38 India Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 39 South Korea Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 40 South Korea Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 41 South East Asia Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 42 South East Asia Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 43 Rest of Asia Pacific Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 44 Rest of Asia Pacific Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 45 Latin America Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 46 Latin America Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 47 Latin America Food NFT Market, by Country, 2017-2030 (US$ Bn)
TABLE 48 Brazil Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 49 Brazil Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 50 Mexico Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 51 Mexico Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 52 Rest of Latin America Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 53 Rest of Latin America Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 54 Middle East and Africa Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 55 Middle East and Africa Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 56 Middle East and Africa Food NFT Market, by Country, 2017-2030 (US$ Bn)
TABLE 57 GCC Countries Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 58 GCC Countries Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 59 South Africa Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 60 South Africa Food NFT Market, by Offering, 2017-2030 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Food NFT Market, by Type, 2017-2030 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Food NFT Market, by Offering, 2017-2030 (US$ Bn)

How does COVID-19 impact the global food NFT market?

Global supply chains have been disrupted by COVID-19, which has raised interest in local and regional food systems. NFTs can be used to trace the origin of food goods, enabling consumers to choose their food with greater knowledge and assisting regional farmers.

Which is the leading region of the market for food NFT?

North America had the largest global food NFT market revenue share in 2022.

What are the key drivers for the growth of the food NFT market?

The main drivers of the growth of the food NFT market are the rise of digital assets and collectibles, the rapid adoption of cryptocurrencies, the availability of authentication, and the capacity to trace original owners.

Which is the major segment in the food NFT market by type?

The digital asset segment had the largest share in the global market.

Which is the major segment in the food NFT market by offering?

In 2022, the business strategy formulation segment had a major revenue share in the global market.

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