Global Blockchain in Retail Industry: Key Statistics and Insights in 2025-2033

Summary:

• The global blockchain in retail market size reached USD 825.4 Million in 2024.
• The market is expected to reach USD 26,190.1 Million by 2033, exhibiting a growth rate (CAGR) of 41.3% during 2025-2033.
• North America leads the market, accounting for the largest blockchain in retail market share.
• Platform/solutions dominate the blockchain in retail industry.
• Private blockchain is the leading segment in the market, driven by its ability to offer higher security and control.
• Large enterprises represent the biggest organization size segment.
• Based on the application, the market has been divided into supply chain management, food safety management, customer data management, identity management, compliance management, and others.
• Enhanced supply chain transparency is a primary driver of the blockchain in retail market.
• Secure payments and improved data security and privacy are reshaping the blockchain in retail market.

Industry Trends and Drivers:

• Enhanced supply chain transparency:

Blockchain technology is becoming crucial in the retail sector by enhancing transparency throughout the supply chain. This capability provides retailers the power to trace products from origin to end-user, ensuring authenticity and integrity at every stage. Modern individuals are looking for proof of ethical sourcing and product safety, which blockchain can effectively deliver through a secure, immutable ledger. By providing a comprehensive and accessible audit trail, retailers can confirm certifications, verify suppliers, and maintain quality assurance. This level of visibility not only safeguards against counterfeit goods but also helps mitigate risks associated with recalls and compliance failures. The enhanced traceability enables real-time updates for all stakeholders, improving coordination and accountability.

• Secure payments and reduce fraud:

Fraudulent transactions and cyber threats are major concerns for retailers handling vast amounts of client data and financial information. The decentralized framework of blockchain ensures that all transactions are securely encrypted and validated through a network of nodes, making them extremely difficult to alter or hack. This technology supports cryptocurrency payments and eliminates the risk of chargebacks, giving both retailers and clients greater financial protection. Additionally, the implementation of smart contracts allows payments to be processed automatically once specific conditions are met, removing the need for intermediaries and reducing associated transaction fees. The combination of transparency and security features of blockchain leads to more confident, seamless, and cost-effective payment experiences, which ultimately helps strengthen user trust and loyalty.

• Improved data security and privacy:

Blockchain is enhancing data security and privacy in the retail sector, providing a critical advantage in a digital world where data breaches are common. The decentralized nature of blockchain means that data is stored across a network rather than a single, central server, making it more difficult for unauthorized users to access or manipulate information. For retailers, this is crucial when managing sensitive user data, such as payment details and personal information. The cryptographic algorithms of blockchain ensure that any data shared between parties is secure and tamper-proof, increasing client confidence. Furthermore, individuals have greater control over their data, with the ability to grant and revoke access as needed. This improvement in data handling practices aligns with stringent privacy regulations and provides retailers a competitive edge by showcasing their commitment to safeguarding client information.

Request for a sample copy of this report: https://www.imarcgroup.com/blockchain-in-retail-market/requestsample

Blockchain in Retail Market Report Segmentation:

Breakup By Component:

• Platform/Solutions
• Services

Platform/solutions exhibit a clear dominance in the market attributed to their comprehensive integration capabilities and widespread use in enhancing retail operations.

Breakup By Type:

• Public Blockchain
• Private Blockchain
• Consortium Blockchain

Private blockchain represents the largest segment owing to its ability to offer higher security and control, making it preferable for retail enterprises.

Breakup By Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Large enterprises hold the biggest market share, as they have the resources to implement and scale blockchain technology effectively.

Breakup By Application:

• Supply Chain Management
• Food Safety Management
• Customer Data Management
• Identity Management
• Compliance Management
• Others

Based on the application, the market has been divided into supply chain management, food safety management, customer data management, identity management, compliance management, and others.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America dominates the market due to its advanced technological infrastructure, early adoption by major retailers, and favorable regulatory environment.

Top Blockchain in Retail Market Leaders:

The blockchain in retail market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Amazon Web Services Inc. (Amazon.com Inc.)
• Auxesis Services & Technologies (P) Ltd
• Cognizant
• Infosys Limited
• International Business Machines Corporation
• Oracle Corporation
• Reply
• SAP SE
• Sofocle Technologies Pvt. Ltd.
• Tata Consultancy Services Limited (Tata Group)

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145