Wheat fell to 529.25 USd/Bu on December 1, 2025, down 0.33% from the previous day. Over the past month, Wheat's price has fallen 2.62%, and is down 1.53% 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 December of 2025.

This statistic shows the average price per tonne of wheat in the United Kingdom (UK) between 2002 and 2015 by year, according to published agricultural and commodity price figures. In 2012, the price of wheat was 179.26 British Pound Sterling (GBP) per tonne.

Graph and download economic data for Wheat Prices for Great Britain (M04002GBM523NNBR) from Sep 1845 to Oct 1934 about wheat, United Kingdom, and price.

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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?

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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.

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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.

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Regional Analysis

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

Index Time Series for WisdomTree Wheat 2x Daily Leveraged. The frequency of the observation is daily. Moving average series are also typically included. NA

Graph and download economic data for Grains and Wheat Flour, Price, Imports for Great Britain (M04103GBM318NNBR) from Jan 1880 to Dec 1913 about flour, grains, wheat, United Kingdom, imports, price index, indexes, and price.

Grain milling is an advanced, modern industry with highly specialised automated production processes. The industry's revenue performance depends on several highly variable factors that impact growing conditions, like climate, pests and grain prices. Wheat, the industry's primary input, is one of the world's most important agricultural commodities and essential for producing several staple foods. Volatile wheat prices have contributed to revenue fluctuations over the past few years. Prices spiked in 2022-23, surging revenue; since then, prices have been falling and taking revenue with it. Over the five years through 2025-26, revenue is anticipated to fall at a compound annual rate of 2.4% to reach £2.3 billion. In 2025-26, the industry will continue to face challenges. With wheat prices experiencing sustained falls driven by global economic uncertainty, healthier supply numbers and shrunken demand, grain millers' revenue is dropping due to inelastic demand and tight industry competition, which means they have to pass on price changes. However, reduced costs mean that industry profit has been expanding after being squeezed a few years ago. Additionally, while grain millers have been keen to improve the sustainability of production to attract eco-friendly customers, changing consumer demand for healthier and less processed alternatives leaves sales numbers vulnerable if millers aren’t proactive in innovating new products. Furthermore, poor domestic growing conditions for key inputs could force grain millers to rely more on imports of these goods, making UK grain millers' revenue more vulnerable to the volatile global wheat price market. These issues have worked together to drive an expected fall of 3.7% in 2025-26. Product and technology innovations provide the industry with some optimism. Artificial intelligence and machine learning provide millers with new opportunities to make efficiency gains and enhance output. At the same time, new wheat varieties and alternative flours allow grain millers to provide higher quality, more consistent and exciting products, enabling them to tap into new markets and soak up demand. With health consciousness rising in the future, taking advantage of these new niches will be critical for grain millers’ survival as consumers move away from the consumption of highly processed foods that make up a large share of millers’ customers. Over the next five years, through 030-31, revenue is anticipated to fall at an annual rate of 1.1% to £2.2 billion.

United Kingdom PPI: Agricultural: Output: Feed Wheat data was reported at 294.114 2005=100 in May 2013. This records a decrease from the previous number of 298.205 2005=100 for Apr 2013. United Kingdom PPI: Agricultural: Output: Feed Wheat data is updated monthly, averaging 150.265 2005=100 from Jan 2003 (Median) to May 2013, with 125 observations. The data reached an all-time high of 315.699 2005=100 in Dec 2012 and a record low of 92.408 2005=100 in Feb 2003. United Kingdom PPI: Agricultural: Output: Feed Wheat data remains active status in CEIC and is reported by Department for Environment, Food and Rural Affairs. The data is categorized under Global Database’s UK – Table UK.I027: Producer Price Index: 2005=100: Agricultural: Output.

United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat data was reported at 120.901 2010=100 in Mar 2018. This records an increase from the previous number of 118.852 2010=100 for Feb 2018. United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat data is updated monthly, averaging 92.077 2010=100 from Jan 1988 (Median) to Mar 2018, with 363 observations. The data reached an all-time high of 177.440 2010=100 in Dec 2012 and a record low of 49.102 2010=100 in Aug 2002. United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat data remains active status in CEIC and is reported by Department for Environment, Food and Rural Affairs. The data is categorized under Global Database’s UK – Table UK.I025: Producer Price Index: 2010=100: Agricultural: Output.

PPI: Agri: Output: CP: Cereals: Wheat: Feeding data was reported at 123.900 2015=100 in May 2018. This records an increase from the previous number of 122.732 2015=100 for Apr 2018. PPI: Agri: Output: CP: Cereals: Wheat: Feeding data is updated monthly, averaging 106.372 2015=100 from Jan 2015 (Median) to May 2018, with 41 observations. The data reached an all-time high of 123.900 2015=100 in May 2018 and a record low of 91.777 2015=100 in Sep 2015. PPI: Agri: Output: CP: Cereals: Wheat: Feeding data remains active status in CEIC and is reported by Department for Environment, Food and Rural Affairs. The data is categorized under Global Database’s UK – Table UK.I023: Producer Price Index: 2015=100: Agricultural: Output.

United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat: Other Milling data was reported at 119.727 2010=100 in Mar 2018. This records a decrease from the previous number of 120.120 2010=100 for Feb 2018. United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat: Other Milling data is updated monthly, averaging 92.356 2010=100 from Jan 1988 (Median) to Mar 2018, with 363 observations. The data reached an all-time high of 188.641 2010=100 in Dec 2012 and a record low of 43.365 2010=100 in Nov 2002. United Kingdom PPI: Agricultural: Output: CP: Cereals: Wheat: Other Milling data remains active status in CEIC and is reported by Department for Environment, Food and Rural Affairs. The data is categorized under Global Database’s UK – Table UK.I025: Producer Price Index: 2010=100: Agricultural: Output.

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Packaged Shredded Wheat Cereal Market Size 2025-2029

The packaged shredded wheat cereal market size is valued to increase by USD 48172.4 thousand, at a CAGR of 3.4% from 2024 to 2029. Increasing internet and e-commerce users will drive the packaged shredded wheat cereal market.

Major Market Trends & Insights

North America dominated the market and accounted for a 31% growth during the forecast period.
By Distribution Channel - Offline segment was valued at USD 210654.90 thousand in 2023
By Type - Full-sized segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 30.81 thousand
Market Future Opportunities: USD 48172.40 thousand
CAGR from 2024 to 2029 : 3.4%

Market Summary

Packaged Shredded Wheat Cereal is a popular breakfast choice for consumers worldwide, known for its crunchy texture and nutritional benefits. The market for this cereal has been driven by several factors, including the increasing number of internet and e-commerce users, leading to a surge in online sales. Additionally, the expansion of retail stores offering packaged shredded wheat cereal has broadened its reach and accessibility to consumers. However, the market faces challenges from stringent government regulations, particularly in regions with strict food safety standards. For instance, a food processing company may invest in advanced technologies to optimize its supply chain and ensure compliance with regulations.
This could lead to significant cost savings and operational efficiency gains. For example, implementing a real-time monitoring system for raw materials could reduce the likelihood of contamination and associated costs, improving overall product quality and consumer safety. According to recent studies, companies adopting such technologies have reported a reduction in error rates by up to 25%, leading to increased efficiency and customer satisfaction. As the market continues to evolve, companies must navigate these trends and challenges to maintain a competitive edge and meet the evolving demands of consumers.

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

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How is the Packaged Shredded Wheat Cereal Market Segmented ?

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

Distribution Channel

  Offline
  Online


Type

  Full-sized
  Bite-sized


Price

  Economy
  Mid-range
  Premium


Product Type

  Original Shredded Wheat
  Flavored Shredded Wheat
  Organic Variants
  Gluten-Free


Packaging

  Boxes
  Bags
  Single-Serve Packs


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

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

The market continues to evolve, with a significant focus on grain quality assessment and sustainable sourcing practices. Supply chain management remains a critical area of investment, with efforts to optimize production lines through automation and process optimization strategies. Automated inspection systems, texture profile analysis, and sensory evaluation metrics are increasingly utilized to ensure product consistency and meet stringent food safety regulations. Sustainable sourcing practices, such as ingredient sourcing criteria and carbon footprint reduction, are also gaining importance. In terms of product development, carbohydrate composition analysis, protein quantification methods, and fiber content analysis are key areas of research. Shredding optimization methods, filling machine calibration, and moisture content control are essential for maintaining product density and seal integrity.

The market is projected to grow at a steady rate, with a 5% annual increase in sales, driven by consumer acceptance testing and energy efficiency improvements. Distribution logistics optimization and waste management techniques are also crucial for reducing packaging waste and ensuring product traceability. Overall, the market is a dynamic and innovative industry, continually striving for product excellence and consumer satisfaction.

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The Offline segment was valued at USD 210654.90 thousand in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the re

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Tortilla Market Size 2024-2028

The tortilla market size is valued to increase by USD 10.43 billion, at a CAGR of 5.25% from 2023 to 2028. Increasing demand for convenience foods will drive the tortilla market.

Major Market Trends & Insights

North America dominated the market and accounted for a 53% growth during the forecast period.
By Distribution Channel - Offline segment was valued at USD 21.88 billion in 2022
By Product - Tortilla chips segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 60.33 billion
Market Future Opportunities: USD 10.43 billion
CAGR from 2023 to 2028 : 5.25%

Market Summary

The market is experiencing significant growth due to the increasing demand for convenient and versatile food options. One of the key trends driving this market is the rising preference for gluten-free foods, leading manufacturers to expand their product offerings and invest in research and development to cater to this consumer need. However, the market is not without its challenges. Fluctuations in food commodity prices, particularly those for corn and wheat, can significantly impact the cost structure of tortilla production. For instance, a leading tortilla manufacturer implemented a supply chain optimization strategy to mitigate the impact of price volatility.
By establishing strategic partnerships with farmers and suppliers, the company was able to secure long-term contracts and ensure a steady supply of raw materials at predictable prices. This not only improved operational efficiency but also helped the company maintain consistent product quality and meet customer demand. According to recent studies, the implementation of this strategy resulted in a reduction of raw material costs by 15%, leading to significant cost savings and increased profitability for the company. By staying agile and responsive to market trends and challenges, tortilla manufacturers can effectively navigate the complexities of the global market and maintain a competitive edge.

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

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How is the Tortilla Market Segmented ?

The tortilla industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Tortilla chips
  Pre-cooked tortilla
  Tortilla mix


End-User

  Household
  Commercial (Restaurants, Catering)
  Industrial


Application

  Tacos
  Burritos
  Enchiladas
  Quesadillas


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Indonesia
    Malaysia
    South Korea
    Thailand


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

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

In the dynamic global the market, traditional offline distribution channels, including supermarkets, grocers, convenience stores, and local markets, remain significant contributors. These channels cater to consumers' preference for in-person purchasing, quality assessment, and diverse tortilla selection. Major retailers like Walmart and Kroger, neighborhood grocery stores, and specialty food merchants such as Mexican markets and bakeries illustrate this trend. Automation in production, process optimization, and ingredient sourcing strategies are crucial for enhancing yield, reducing costs, and ensuring product consistency. For instance, dough elasticity measurements, color stability improvement, and moisture content control are essential in tortilla manufacturing.

Furthermore, energy efficiency improvements, waste reduction strategies, and new product development are integral to market growth. According to recent studies, offline distribution channels account for approximately 75% of tortilla sales, underscoring their enduring importance.

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The Offline segment was valued at USD 21.88 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Tortilla Market Demand is Rising in North America Request Free Sample

The North American the market is experiencing significant growth, fueled by urbanization, a robust food industry, and high company penetration. The US, in particular, is a major contributor to t