Wheat rose to 513.77 USd/Bu on October 26, 2025, up 0.15% from the previous day. Over the past month, Wheat's price has fallen 2.51%, and is down 9.71% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on October of 2025.

Graph and download economic data for Global price of Wheat (PWHEAMTUSDM) from Jan 1990 to Jun 2025 about wheat, World, and price.

Latvia Average Retail Price: Top Quality Wheat Flour data was reported at 0.680 EUR/kg in 2017. This records a decrease from the previous number of 0.700 EUR/kg for 2016. Latvia Average Retail Price: Top Quality Wheat Flour data is updated yearly, averaging 0.510 EUR/kg from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 0.730 EUR/kg in 2013 and a record low of 0.410 EUR/kg in 2003. Latvia Average Retail Price: Top Quality Wheat Flour data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.P001: Average Retail Price.

Canadian wheat farms have grown despite considerable economic volatility through the end of 2024. The industry is highly globalized and reliant on trade, which has improved following the dismantling of the Canadian Wheat Board in 2012; the board had restricted the marketing freedom of farms. Demand for Canadian wheat abroad has risen because of its reputation for high quality. Favourable price increases driven by world wheat prices have improved farm revenue and profitability. Improved trade ties with emerging economies have also aided growth by helping farmers tap into demand from new markets. Wheat farming revenue is expected to climb at a CAGR of 4.7% to an estimated $16.2 billion through the end of 2024, despite a decrease of 2.5% in 2024 because of waning wheat demand. Strong wheat prices have been the primary driver of revenue growth in recent years. The world price of wheat grew by a staggering 43.3% in 2021, followed by 35.5% in 2022, as global supply levels contracted. Canadian wheat prices surged the same year amid an intense drought that cut crop yields, making wheat a rare commodity. Strong revenue growth, combined with technological advancements, has enabled profit expansion for Canada's wheat farmers. Moving forward, a continued gain in the world price of wheat, counteracted some by flagging demand, will drag down revenue growth. Exports will continue to expand, albeit at a slower pace, as external competition from other grains and wheat production in other countries intensifies. Uncertainty regarding global wheat yields will also pose a threat to Canadian wheat farmers. Wheat is susceptible to various weather changes, meaning that industry performance can be drastically disrupted at any time. Revenue is expected to climb at a CAGR of 0.8% to $16.8 billion through the end of 2029.

Snapshot img

Wheat Market Size 2025-2029

The wheat market size is valued to increase USD 87.6 billion, at a CAGR of 4.6% from 2024 to 2029. Growing vegan population will drive the wheat market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 49% growth during the forecast period.
By Application - Human segment was valued at USD 250.00 billion in 2023
By Type - Hard red winter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.69 billion
Market Future Opportunities: USD 87.60 billion
CAGR from 2024 to 2029 : 4.6%

Market Summary

The market encompasses the production, processing, and distribution of this essential agricultural commodity. Key technologies and applications, such as genetically modified wheat and biofortified wheat, are driving innovation in the sector. The retail sector is witnessing significant growth, with an increasing number of stores offering organic wheat-based supplements catering to health-conscious consumers. Regulatory frameworks, including the European Union's Common Agricultural Policy, play a crucial role in shaping market dynamics. Climate change and unpredictable weather patterns pose challenges, with the United Nations estimating that 10% of global wheat production is at risk due to extreme weather events.
Despite these challenges, the market continues to evolve, with the growing vegan population presenting a significant opportunity for plant-based food and beverage manufacturers. According to a recent report, the organic market is projected to grow at a steady rate, reaching a 5% market share by 2026.

What will be the Size of the Wheat Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Wheat Market Segmented?

The wheat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Human
  Feed


Type

  Hard red winter
  Hard red spring
  Soft red winter
  Others


Distribution Channel

  Direct sales (B2B)
  Retail stores
  Online platforms


Geography

  North America

    US


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Pakistan
    South Korea


  Rest of World (ROW)

By Application Insights

The human segment is estimated to witness significant growth during the forecast period.

Wheat, a vital cereal grain, is a significant source of carbohydrates, primarily in the form of starch, for both human consumption and industrial applications. Beyond its carbohydrate content, wheat offers essential nutrients such as protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are widely consumed in various countries and used in industries to produce refined wheat flour, pasta, noodles, beverages, and more. In the agricultural sector, ongoing research focuses on enhancing wheat production through various methods. For instance, plant biomass accumulation is optimized through efficient nitrogen fixation and phosphorus uptake. Fungal biocontrol agents and bacterial biofertilizers are employed to promote soil health and nutrient cycling.

Precision Farming techniques, such as root system architecture analysis and potassium availability monitoring, contribute to crop yield optimization. Additionally, researchers explore the potential of plant growth regulators, microbial inoculants, humic acid fertilizer, and other sustainable agriculture practices to improve yield and grain quality parameters. Disease resistance mechanisms, photosynthetic efficiency, and abiotic stress mitigation strategies are also crucial areas of research to ensure consistent production and maintain high-quality grains. The market is experiencing dynamic growth, with spike density increasing by 15% in recent years. The industry anticipates further expansion, with a projected 20% rise in demand for wheat-based products due to population growth and changing consumer preferences.

Request Free Sample

The Human segment was valued at USD 250.00 billion in 2019 and showed a gradual increase during the forecast period.

Moreover, advancements in technology, such as herbicide tolerance levels and tillering capacity, are driving innovation and improving crop stress tolerance. The ongoing research and development efforts aim to address challenges such as biotic stress management, nutrient use efficiency, and grain filling duration. By focusing on these areas, the industry is working to enhance the harvest index, improve yield, and ensure a sustainable and efficient wheat production process.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global mark

Wholesale Price: DCA: Month End: Wheat: East Zone: Purnia data was reported at 2,600.000 INR/Quintal in Sep 2023. This stayed constant from the previous number of 2,600.000 INR/Quintal for Aug 2023. Wholesale Price: DCA: Month End: Wheat: East Zone: Purnia data is updated monthly, averaging 1,800.000 INR/Quintal from Dec 2014 (Median) to Sep 2023, with 85 observations. The data reached an all-time high of 2,850.000 INR/Quintal in Nov 2022 and a record low of 1,340.000 INR/Quintal in Jun 2015. Wholesale Price: DCA: Month End: Wheat: East Zone: Purnia data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD138: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Wheat (Discontinued).

Wholesale Price: Average: Wheat: All India data was reported at 2,228.850 INR/Quintal in Nov 2018. This records an increase from the previous number of 2,204.920 INR/Quintal for Oct 2018. Wholesale Price: Average: Wheat: All India data is updated monthly, averaging 1,897.060 INR/Quintal from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 2,228.850 INR/Quintal in Nov 2018 and a record low of 1,209.330 INR/Quintal in Apr 2009. Wholesale Price: Average: Wheat: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC068: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

This data set contains Ontario feed grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2024 to December 31, 2024.

Global consumption of wheat saw a slight increase over the last year, with just under 798 million metric tons consumed in the 2023/24 trade year. In the 2024/2025 trade year, it is expected that about four million metric tons more will be consumed. Global wheat production Wheat is the second most produced type of grain worldwide, only surpassed by corn. In 2022/23, it is forecast that about 784 million metric tons of wheat will be produced globally. China, the European Union, and India were expected to the leading producers of wheat that year, each exceeding one million metric tons in production. Rise of gluten-free diets Wheat is a staple in many diets, as it is a good source of carbohydrates and can be used to make many food items, such as bread, pasta, and other baked goods. Products made from wheat flour are very high in gluten, meaning those who restrict gluten in their diet need to find an alternative. As of June 2023, 11 percent of U.S. consumers reported following a gluten-free diet. Per capita food use of wheat is not expected to dramatically decrease during this period, though.

This data set contains Ontario wheat grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2024 to December 31, 2024.

This data set contains Ontario corn grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2024 to December 31, 2024.

This statistic shows the principal importing countries of wheat, wheat flour and wheat products worldwide from 2014/2015 to 2024/2025. In 2024/25, Egypt was forecast to import about 12.5 million metric tons of wheat and wheat-derived products. Wheat Wheat is one the most widely produced grains in the world, leading the grain market along with corn and rice in production and sales. Wheat is an important trade commodity due to its durability, longevity and its use as flour. The importing and exporting of wheat and wheat products is a complex worldwide business. As one of the leading wheat importers worldwide, Egypt exercises significant power over the import/export market. Egyptian wheat supplies are not glutinous enough to produce bread, a staple of the Egyptian diet. Local stocks are mixed with imported wheat to achieve acceptable flour. The country hopes to decrease their dependence on wheat imports in years to come. The United States is one the world’s chief exporters of wheat. As an industry, large-scale grain import and export really took off following the immigration of Europeans to the Americas. The vast, unpopulated prairies provided an ideal environment for establishing large-scale commercial farms capable of producing grains on a level unimaginable to the smaller farms of Europe. The American Great Plains, comprised of Midwestern states such as Oklahoma, Kansas, and the Dakotas, among others, is known as America’s “Breadbasket” or “Grain Belt” due to the high production of grain crops in this region.

Wheat Seed Market Outlook

The global wheat seed market size in 2023 is estimated at $4.5 billion and is projected to reach approximately $6.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8%. This growth is primarily driven by increasing demand for wheat as a staple food across the globe, coupled with advancements in seed technology and a shift towards sustainable agricultural practices. The wheat seed market is poised for significant growth as economies recover, and agricultural sectors aim to enhance productivity to meet the rising demand for food.

One of the pivotal growth factors for the wheat seed market is the increasing global population, which directly amplifies the demand for food production. Wheat is a dietary staple for billions worldwide, and its demand rises steeply as population numbers climb. Governments across various regions are investing in agricultural innovations and improvements to boost wheat production, which in turn fuels the demand for high-quality wheat seeds. Additionally, awareness regarding food security and the push for self-sufficiency in staple crops are encouraging countries to optimize wheat yields, further propelling market growth.

An important driver of growth in the wheat seed market is the technological advancements in seed development. Innovations in hybrid seed technology and genetically modified (GM) traits have led to increased crop yields, disease resistance, and climate adaptability. Farmers are increasingly adopting these advanced seed types to maximize returns on investment and ensure consistent supply amidst fluctuating weather conditions. The development of drought-resistant and pest-resistant varieties has been particularly impactful, allowing cultivation in regions previously considered unsuitable for wheat farming, thus expanding the market reach.

Sustainability trends have also significantly influenced the wheat seed market. There is a growing preference for environmentally friendly agricultural practices, which has led to increased use of seeds with improved traits that require fewer agrochemicals. This shift not only enhances environmental protection efforts but also helps farmers reduce costs associated with pesticide and fertilizer use. Furthermore, governments and international bodies are promoting sustainable agriculture through subsidies and incentives, encouraging the transition to such practices, thereby boosting the demand for advanced wheat seed varieties.

Regionally, Asia Pacific holds a prominent position in the wheat seed market, driven by the vast agricultural landscapes in countries like China and India, where wheat is a major staple. North America and Europe are also significant contributors due to their advanced agricultural technology and substantial R&D investments. Meanwhile, Latin America and the Middle East & Africa are emerging markets, showing potential for growth due to increasing agricultural developments and governmental support for food security initiatives. Each region's contribution and growth rates are reflective of their specific agricultural needs and technological adaptation levels.

Type Analysis

The type segment of the wheat seed market is primarily divided into hybrid wheat seeds and open-pollinated varieties. Hybrid wheat seeds have gained substantial traction due to their enhanced yield potential and adaptability to various environmental conditions. These seeds are engineered to combine the best traits of different wheat strains, resulting in improved resistance to diseases and pests, as well as higher productivity. The adoption of hybrid seeds is particularly significant in regions with unpredictable climates, where agricultural output can be heavily affected by environmental stressors. Farmers investing in these seeds often see a pronounced return on investment, as the higher yield potential translates directly into increased profitability.

Open-pollinated varieties, while not as technologically advanced as hybrids, still hold a significant share of the market due to their cost-effectiveness and ease of cultivation. These varieties are often preferred by small-scale farmers and those practicing traditional farming methods, particularly in developing regions. Open-pollinated seeds allow farmers to save seeds from one harvest to plant in the next, which can be a critical factor for those with limited financial resources. Despite this, there is a gradual shift towards hybrid seeds as farmers become more aware of the potential yield benefits and as costs become more manageable.

The balance between h

In the 2024/25 marketing year, Russia was the leading exporter of wheat, flour, and wheat products worldwide. Russia exported about 46 million metric tons that year. The European Union came in second, with 29 million metric tons of exports. Wheat imports Wheat does not grow as well in hotter climates, so it is no surprise that countries like Egypt and Indonesia are among the top importers of wheat, flour, and other wheat products. In 2022/23, both countries imported 11 million metric tons of wheat. Although the EU is among the principal exporting countries, they are also the fifth leading importer, with about nine million metric tons imported. Globally, over 211 million metric tons of wheat were imported that year. Durum wheat Durum is a class of wheat with a higher protein and gluten content than other common wheat varieties. It is often called semolina flour, pasta flour, or macaroni flour. It is the most popular choice of flour for making many varieties of pasta, which is not surprising given its nomenclature. In Italy, about 1.2 million hectares of agricultural area are used for the production of durum wheat and the production of durum wheat in Italy came to about 3.8 million tons in 2022.

Wholesale Price: DCA: Month End: Wheat: North Zone: Dehradun data was reported at 2,250.000 INR/Quintal in Sep 2023. This stayed constant from the previous number of 2,250.000 INR/Quintal for Jul 2023. Wholesale Price: DCA: Month End: Wheat: North Zone: Dehradun data is updated monthly, averaging 1,730.000 INR/Quintal from Sep 2009 (Median) to Sep 2023, with 136 observations. The data reached an all-time high of 2,600.000 INR/Quintal in Feb 2023 and a record low of 1,140.000 INR/Quintal in Sep 2009. Wholesale Price: DCA: Month End: Wheat: North Zone: Dehradun data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD138: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Wheat (Discontinued).

Between 2014/15 and 2023/24, the global export volume of wheat has increased by about 38.5 percent, exceeding 224.12 million metric tons in 2023/24. In 2024/25, the export volume of wheat is forecast to be approximately 212.31 million metric tons.

This data set contains Ontario soybean grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2024 to October 31, 2024. Data for November 1, 2024 to December 31, 2024 will be added as it becomes available.

Wholesale Price: DCA: Month End: Wheat: East Zone: Katihar data was reported at 2,500.000 INR/Quintal in Sep 2023. This stayed constant from the previous number of 2,500.000 INR/Quintal for Aug 2023. Wholesale Price: DCA: Month End: Wheat: East Zone: Katihar data is updated monthly, averaging 2,150.000 INR/Quintal from Apr 2021 (Median) to Sep 2023, with 28 observations. The data reached an all-time high of 3,200.000 INR/Quintal in Mar 2023 and a record low of 1,750.000 INR/Quintal in Apr 2021. Wholesale Price: DCA: Month End: Wheat: East Zone: Katihar data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD138: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Wheat (Discontinued).

The cultivation of cereals, pulses and oilseeds has faced a number of challenges in recent years, mainly due to the weather. Both sales revenues and the amount of inputs in the industry have been subject to strong fluctuations over the past five years. For example, high temperatures in 2020 led to a decline in grain harvests. However, industry players benefited at times from a higher revenue-cost difference. Good, high-quality harvests in 2021 and 2022, together with high wheat prices, ensured sales growth. Although the cost of fuel and fertilisers rose sharply due to the war, the industry was able to achieve a record profit in 2022 thanks to the high increase in turnover. In 2023, the situation on the grain and oilseed markets normalised noticeably and global market prices fell by 30 - 40 %. This was due to the expansion of global acreage and the restart of Ukrainian grain exports as a result of the Black Sea agreement. Industry sales in 2023 also reacted accordingly with a significant decline of over 40 %. For the current year, IBISWorld expects turnover to fall by 2% to EUR 6.8 billion. Adjusted for inflation, turnover fell by an average of 1.4% per year in the period from 2020 to 2025.The German grain harvest in 2025 is expected to be around 40.1 million tonnes, which is around 5% below the average of the past ten years. This was mainly due to extreme weather conditions, in particular persistent heat, which led to accelerated ripening in many places. World market prices for grain will remain volatile in 2025 and show a slight increase compared to previous years. Climatic factors - such as cold spells in the USA and uncertainties about winter wheat stocks in Russia - as well as global fluctuations in supply and demand will have an impact. In the oilseed sector, just under 4.0 million tonnes of winter rapeseed are expected to be harvested in Germany. This represents an increase of around 7% compared to the previous year and is due to a slight increase in acreage and higher yields. Purchase prices for agricultural inputs rose by around 0.8% year-on-year between January and April 2025. At 11%, the price increase was particularly significant for single-nutrient fertilisers, although these are still below the 2023 level. However, prices for fuels, for example, have fallen by around 9%. Overall, it can be assumed that many farms have already adjusted their fertiliser strategies in 2023, which means that production costs are likely to be cheaper overall this year.In the period from 2025 to 2030, industry turnover is expected to grow by an average of 0.6% per year and should amount to €7 billion in 2030. The structural change in the sector is likely to continue and lead to consolidation within the industry. Smaller industry players are likely to exit the market, while large companies will expand their production. In addition, increasing environmental protection efforts, such as the further revision of the Fertiliser Ordinance, are likely to pose a major challenge for the industry. In contrast, however, the cultivation of pulses is expected to increase as part of the protein crop strategy to promote more sustainable agriculture, although this is only likely to have a positive effect if demand for these products increases disproportionately to the politically planned increase in supply.