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.

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

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over *** U.S. dollars per metric ton. The unprecedented price increase began in mid-2020, due to the impact of the Covid-19 pandemic, and was later exacerbated by the Russo-Ukrainian War in March 2022. Before the war, Russia and Ukraine were among the world's five largest wheat exporters, and around one third of all international wheat imports came from these two countries. The increase of 96 dollars per ton between February and March 2022 was the single largest price hike in U.S. history, and was only the second time that prices had exceeded 400 dollars - the first time this happened was due to the financial crisis of 2008. In the five years before the Covid-19 pandemic, the price of wheat generally fluctuated between 150 and 230 dollars per ton.

The current price of wheat per tonne is influenced by multiple factors including global supply and demand, weather conditions, government policies, and economic factors. This article explores how these factors impact wheat prices and provides insights into the average price range. Learn more about the complex interplay of global and local factors that determine the price of wheat per tonne.

This statistic depicts the average annual prices for U.S. wheat (HRW) from 2014 through 2026*. In 2024, the average price for U.S. wheat (HRW) stood at 269 nominal U.S. dollars per metric ton.

In 2024, the global wheat market decreased by -3.8% to $258.7B, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $289.4B. From 2023 to 2024, the growth of the global market remained at a somewhat lower figure.

View monthly updates and historical trends for US Hard Red Winder Wheat Price. Source: International Monetary Fund. Track economic data with YCharts analy…

Learn about the factors that influence the price of wheat per kg, including supply and demand, production levels, market conditions, and global trade dynamics. Discover the impact of domestic and international factors, such as production levels, weather conditions, trade policies, and global demand. Understand how market conditions, economic factors, and government policies contribute to price fluctuations. Get insights into the average price of wheat in the United States and the importance of referring to

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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

The global wheat market is influenced by factors such as supply and demand, weather conditions, government policies, currency exchange rates, and trade regulations. This article discusses the key factors driving wheat prices and the impacts of global supply and demand, government policies, currency exchange rates, and trade regulations on the global wheat market.

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.

Ukraine Average Consumer Price: Wheat Flour data was reported at 21.340 kg in Mar 2025. This records an increase from the previous number of 20.730 kg for Feb 2025. Ukraine Average Consumer Price: Wheat Flour data is updated monthly, averaging 13.750 kg from Jan 2017 (Median) to Mar 2025, with 99 observations. The data reached an all-time high of 21.340 kg in Mar 2025 and a record low of 8.530 kg in Jan 2017. Ukraine Average Consumer Price: Wheat Flour data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table P001: Average Consumer Prices.

Learn about the importance of live grain market prices and how to access up-to-date information on the current prices of different grain commodities through commodity exchanges, news and analysis platforms, and free online price tracking tools.

In fiscal year 2024, the procurement price of wheat across India was over 2,275 Indian rupees per quintal. This was an increase compared to the previous year's procurement price. During fiscal year 2023, the export value of wheat from the south Asian nation amounted to over 1,519 million U.S. dollars.

The Wholesale Price Index of wheat across India during financial year 2024 was over ***. The price index value of wheat increased by about ** percent from the base year of 2012. An overall increase in the price index was seen over the years since financial year 2013.

Corn rose to 433.53 USd/BU on December 2, 2025, up 0.01% from the previous day. Over the past month, Corn's price has fallen 0.17%, but it is still 2.43% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on December of 2025.

The price of wheat in the market is influenced by various factors such as supply and demand, weather conditions, global economic conditions, government policies, and international trade. This article discusses how these factors impact wheat prices and highlights the importance of monitoring them for market participants.

The decline in revenue for industry farmers during the current period has primarily been driven by high global stocks and fierce international competition, compounded by climate volatility and challenging trade dynamics. High stocks of wheat and coarse grains are pressuring prices downward despite record domestic food use and demand for animal feed. Intense export competition from regions like the EU, Russia and Canada exacerbates this issue, making it difficult for US producers to maintain profit. Compounding the problem are climate and weather volatility, with increased instances of droughts and heat waves reducing yields and hindering production. Trade headwinds, including retaliatory tariffs and a strong US dollar, are also constraining exports, diminishing the competitiveness of US grain globally. Overall, industry revenue has dropped at a CAGR of 1.2% since 2020 to reach an expected $13.2 billion after a decrease of 6.3% in 2025. In addition to these external pressures, input costs remain a significant challenge for industry farmers. The persistently strong prices for fertilizers, pesticides and seeds, alongside increased agricultural wages and labor shortages, have elevated production expenses, straining profit as grain prices drop. Smaller and mid-sized farms are particularly affected, facing negative returns and low cash receipts. Some operations may be forced into consolidation if they are unable to absorb high costs. While some input prices, such as fuel and agrochemicals, have eased from huge spikes earlier in the current period, overall expenses continue to surpass commodity prices, eroding financial stability and forcing many producers to seek USDA program assistance to mitigate these challenges. Looking ahead, the wheat, barley, sorghum, oats and rye farming sector is expected to gradually recover as global stocks stabilize and demand grows, expanding at a CAGR of 0.9% to reach $13.8 billion in 2030. Easing supply chain disruptions and stabilizing input costs are expected to support this recovery. Future weakening of the US dollar stands to improve export competitiveness, offering some optimism for US producers. However, the recovery will vary across segments, with those benefiting from strong domestic demand or value-added products rebounding more quickly than those reliant on bulk exports.

Global wheat prices increased by over ** percent over the period from February 24 to June 1, 2022, compared to the average in January 2022. The growth was explained by the Russia-Ukraine war, as Russia and Ukraine were among the leading wheat exporters. Furthermore, coal prices grew by around ** percent. A significant increase was also recorded in the prices of metals exported by Russia, such as nickel, palladium, and aluminum.

According to Cognitive Market Research, the global Wheat Fiber market size was USD 1954.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 781.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 586.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 449.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 97.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 39.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Food & Beverages held the highest Wheat Fiber market revenue share in 2024.

Market Dynamics of Wheat Fiber Market

Key Drivers for Wheat Fiber Market

Rising Health Awareness Among Consumers to Increase the Demand Globally

Due to the rising incidence of lifestyle-related illnesses and the easier availability of health information, consumers are becoming more aware of their health and well-being. Dietary decisions that support long-term health are receiving more attention as a result of this increased understanding. Wheat fiber is becoming more and more recognized as a crucial part of a balanced diet because of its benefits in promoting weight management, lowering blood sugar, and enhancing digestive health. This trend is being driven by consumer demand for foods and supplements that provide measurable health advantages, as well as educational initiatives and the impact of health-oriented media. Food producers are consequently adding more fiber-rich components to their goods, which is fueling the expansion of the wheat fiber market.

Growing Shift Towards Plant-based Diets to Propel Market Growth

The growing popularity of plant-based diets is having a big impact on the industry. Diets based on plants, which comprise whole grains, legumes, fruits, and vegetables, are inherently high in dietary fiber. The market is expanding because of this dietary transition, which is being fueled by several causes including worries about animal cruelty, environmental sustainability, and the health advantages of eating a plant-based diet. The popularity of vegetarian and vegan diets is driving up demand for high-fiber plant-based meals. The surge in plant-based product developments that appeal to both traditional and plant-based eaters—such as fiber-fortified snacks and plant-based meat substitutes—also supports this trend. As a result, the market for wheat fiber is expanding as producers modify their products to suit the changing tastes of consumers who want plant-based, high-fiber diets.

Restraint Factor for the Wheat Fiber Market

Competition from Alternatives and Price Volatility of Raw Materials to Limit the Sales

Inulin, psyllium husk, and oat fiber—all of which are utilized in food products for their health benefits—are becoming more and more a rival. The market can be dominated by these substitute fibers, some of which are gluten-free. Furthermore, due to variables like weather, crop yields, and international trade regulations, wheat prices can fluctuate much like those of other agricultural commodities. The price fluctuations of wheat can impact the growth of the market by affecting the cost of generating wheat fiber.

Impact of Covid-19 on the Wheat Fiber Market

The wheat fiber market was affected by the COVID-19 epidemic in several ways. Products that support digestive health and general well-being are in high demand as a result of the pandemic's increased awareness of health and wellbeing among consumers. Due to its well-known ability to improve intestinal health, wheat fiber has become more widely used in a variety of dietary products. Furthermore, there was a noticeable rise in home baking and cooking as a result of lockdowns and social distancing measures. In order to enhance the nutritional profile of handmade foods,...