In 2024, the U.S. wheat market decreased by -27.5% to $7.8B for the first time since 2021, thus ending a two-year rising trend. In general, consumption showed a noticeable descent. Wheat consumption peaked at $11.6B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Learn about the projected decrease in demand for wheat in the United States over the next decade and how it will impact market volume and value.

In 2024, the U.S. wheat and meslin flour market decreased by -7.8% to $13.8B, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a pronounced expansion. Over the period under review, the market attained the maximum level at $14.9B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.

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.

In the fiscal year 2024, the United States exported around **** billion U.S. dollars worth of agricultural products to China, which indicates a slight decrease compared to approximately **** billion yuan in the previous fiscal year. In the same fiscal year, the United States exported around *** billion U.S. dollars worth of agricultural products to Taiwan.

North America Wheat Market size is valued at USD 14.06 Billion in 2024 and is anticipated to reach USD 17.64 Billion by 2031, growing at a CAGR of 3.11% from 2025 to 2032.

Key Market Drivers:

Strong Domestic and Export Demand: The USA wheat market was estimated at 2 billion bushels in 2023, driven by robust demand for both domestic consumption and exports. In 2024, the USA is projected to export 28 million metric tons of wheat, particularly to Asia and Africa, reflecting increasing consumption due to rising populations and urbanization.

Technological Advancements in Agriculture: Innovations such as precision agriculture, including GPS-guided equipment and AI-driven analytics, are enhancing wheat farming efficiency. The adoption of genetically modified wheat varieties resistant to pests is expected to improve yields and reduce chemical inputs, which can lead to cost savings for farmers.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

In 2017, imports of groats and meal of durum wheat in the U.S. stood at X tons, picking up by X% against the previous year. The total import volume had been increasing at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2008, when the imports increased by X% year-to-year. The U.S.

Discover the projected growth of the non-wheat flour market in the United States over the next decade, driven by rising demand. Anticipated CAGR of +1.2% in market volume and +2.7% in market value from 2024 to 2035.

The Latin American wheat market amounted to $12.3B in 2024, flattening at the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $12.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Discover the latest market trends and forecasts for the wheat industry in Latin America and the Caribbean. Anticipate a steady increase in consumption over the next decade, with market volume projected to reach 47M tons by 2035. Stay informed on the projected market value of $16.2B by the end of 2035.

Learn about the expected upward trend in wheat consumption in Latin America and the Caribbean over the next decade, with a forecasted market volume of 47M tons and a market value of $16.6B by 2035.

Wheat price growth is to slow down with dropping demand for feed grains in the U.S. and Thailand. Global wheat production is forecast to stay at 777M tons in 2022.

According to the recent report by Future Market Insights (FMI), the Americas seeds market is estimated to stand at US$ 14.06 billion by 2033. Over the forecast period, the market is assessed to trail at a CAGR of 8%. For the year 2023, FMI has estimated the market to be worth US$ 6.51 billion.

Scope of Report

Learn about the projected growth of the wheat starch market in the United States, with consumption expected to increase over the next decade. Market performance is forecast to expand with a CAGR of +1.1% by 2035, reaching 2M tons in volume and $2.1B in value.

In 2017, approx. X tons of wheat pellets were imported into the U.S.; increasing by X% against the previous year. Overall, wheat pellets imports continue to indicate a strong increase. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. In that year, the wheat pellets imports attained its maximum volume of X tons. From 2009 to 2017, growth of the wheat pellets imports stood at a somewhat lower level.In value terms, wheat pellets imports totaled $X in 2017.

Learn about the increasing demand for wheat starch in the United States and the forecasted market growth over the next decade, with a projected market volume of 1.8M tons and value of $2.1B by 2035.

Learn about the expected growth in the United States wheat and meslin flour market over the next decade, driven by rising demand. By 2035, the market volume is projected to reach 21M tons and value to hit $18.1B.

Learn about the rising demand for wheat gluten in the United States and the projected growth of the market over the next decade. By 2035, the market volume is expected to reach 181K tons and the market value to reach $414M.