Wheat fell to 504.75 USd/Bu on August 22, 2025, down 0.44% from the previous day. Over the past month, Wheat's price has fallen 6.61%, but it is still 0.50% higher than a year ago, 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 August of 2025.

The Wheat Market Report is Segmented by Geography (North America (United States, Canada, Mexico), South America (Brazil, Argentina, Chile), Europe (Germany, France, Italy, United Kingdom), Asia-Pacific (China, India, Japan, Australia), Middle East (Turkey, Saudi Arabia), Africa (South Africa, Kenya, Egypt)). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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Wheat Market Size 2025-2029

The wheat market size is forecast to increase by USD 87.6 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by several key trends and challenges. The growing vegan population represents a notable trend, as an increasing number of consumers adopt plant-based diets, leading to a higher demand for wheat-based food products and supplements. Simultaneously, the expansion of retail stores offering organic wheat-based supplements caters to the health-conscious consumer segment, further fueling market growth. The market plays a significant role in the global food industry, with its production and consumption influencing various sectors such as food manufacturing, food retail, and food service. However, the market faces challenges due to climate change and unpredictable weather patterns. Extreme weather conditions, such as droughts and heavy rainfall, can negatively impact wheat production, leading to supply chain disruptions and price volatility.
These challenges necessitate strategic planning and adaptability from market players to ensure a consistent supply of high-quality wheat products and maintain competitiveness. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on innovation, sustainability, and risk management strategies. Durum wheat, a key component in pasta and craft beer production, is also gaining attention, and will subsequently help with market expansion in the coming years. 

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses various aspects, including gluten-free wheat, grain drying, and farming practices. Farmers employ precision agriculture to optimize wheat production, while grain drying ensures optimal moisture levels before storage in silos. Flour fortification enhances nutritional value, and flour milling technology, such as roller mills and stone mills, transforms wheat into various products like pasta and bread. Grain transportation and handling are crucial components, with grain elevators facilitating efficient movement. Grain inspection ensures grain quality, and certification guarantees adherence to industry standards. Wheat-based products, including bakery items, require careful flour blending and gluten content control. Wheat industry trends lean towards organic and non-GMO production, sustainability, and innovation in flour milling technology. The market is expected to witness notable expansion due to its increasing use in various industries, including food and animal feed.
Grain cleaning and grain storage are essential for maintaining grain quality and mitigating wheat price volatility. Pastry making and bread making continue to be significant applications, with the bakery industry driving demand for high-quality wheat and flour. Flour milling technology advances, such as grain inspection and grain handling systems, contribute to improved grain quality control. The market outlook remains positive, with ongoing research and development in wheat farming practices and wheat substitutes.

How is this Wheat Industry 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 significant global staple food, is renowned for its high carbohydrate content, primarily in the form of starch. Beyond its carbohydrate value, wheat offers essential nutrients, including protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are popular worldwide, catering to both human consumption and industrial applications. These include refined wheat flour, pasta, noodles, beverages like wheat beer and malted milk, and various other processed goods. Wheat farming involves the use of fertilizers, herbicides, and water for optimal growth. Diseases and pests pose challenges to production, necessitating ongoing research and innovation. Winter and spring wheat varieties are cultivated, with spring wheat being more commonly used for food products due to its higher protein content.

Wheat proce

The North America Wheat Market Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis. The Market is Segmented by Country (United States, Canada, and Mexico). The Report Offers the Market Size and Forecasts Regarding Volume (Metric Tons) and Value (USD) for all the Above Segments.

The global wheat market was valued at USD 161.32 Billion in 2024. The industry is expected to grow at a CAGR of 5.30% during the forecast period of 2025-2034 to attain a valuation of USD 270.38 Billion by 2034.

Learn about the factors that impact the volatile price of wheat in the market, including weather conditions, global production levels, government policies, and market speculation. Find out how global trade dynamics, currency exchange rates, and demand from end-users also influence wheat prices. Get real-time updates on wheat market prices from reliable financial news sources or commodity trading platforms.

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

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

The Wheat In Europe Market report segments the industry into Geography (Spain, France, United Kingdom, Germany, Russia). The report includes Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Get five years of historical data alongside five-year market forecasts.

The consumer demand shaping the North America wheat market, size at USD 45 billion, supported by production trends, export opportunities, and strategic market segmentation in food and feed industries.

The global Wheat market stood at approximately 810 million tonnes in 2024 and is anticipated to grow at a CAGR of 2.36% during the forecast period until 2035.

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 Asia-Pacific Wheat Market Report is Segmented by Geography (India, China, Japan, Australia, and Pakistan). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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.

Forecast: Wheat Market Size Volume Per Capita in the US 2023 - 2027 Discover more data with ReportLinker!

The Report Includes Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis for the Abovementioned Segments. The Report Offers Market Size in Terms of Value (USD Million) and Volume(Metric Ton)

The Wheat Market size was valued at USD 202.01 billion in 2023 and is projected to reach USD 270.88 billion by 2032, exhibiting a CAGR of 4.28 % during the forecasts period. Wheat Market represents the cultivation of wheat as a cereal grain along with its trade and consumption and is popular all over the globe. Wheat is classified under the cereal grains and is eaten raw by manufacturing foods like bread, pasta, crackers, breakfast cereals, and baked foods. It is also used as a feed in animal production, bio-energy, and industrial production processes as well. Some of the trends that are displayed in the market today include; The Whole grain products are on the rise, a shift in farming practices towards sustainability, and new expansions of wheat in other markets. There is further market growth due to the increasing population, and the shift in food preferences by including wheat in their diets because of its nutritional value, and application in various food products. Recent developments include: In June 2022, the University of Minnesota introduced a hard red spring variety of wheat named 'MN-Rothsay.' The new wheat variety features an excellent blend of yield, protein content, disease resistance, and robust straw strength. , In May 2022, the Gujarat Co-operative Milk Marketing Federation (GCMMF) entered the organic whole wheat flour market by introducing the Amul organic atta. This expansion into the organic atta segment represents a strategic move by GCMMF to cater to the growing consumer demand for organic and health-conscious food options. , In February 2022, Inari, a SEEDesign company, and InterGrain, a prominent Australian cereal breeding company, forged a strategic collaboration aimed at enhancing the yield potential of wheat. This partnership seeks to improve the long-term viability of the crop in the face of a progressively variable climate. .

The cultured wheat market is expected to reach a valuation of USD 704.1 million by the year 2024, accelerating with a CAGR of 6.1% from 2024 to 2034.

Attributes	Description
Estimated Global Industry Size (2024E)	USD 704.1 million
Projected Global Industry Value (2034F)	USD 1,273.0 million
Value-based CAGR (2024 to 2034)	6.1%

Semi Annual Industry Update

Particular	Value CAGR
H1 2023	5.6% (2023 to 2033)
H2 2023	6.2% (2023 to 2033)
H1 2024	5.9% (2024 to 2034)
H2 2024	6.3% (2024 to 2034)

Country wise Insights

Countries	CAGR 2024 to 2034
USA	4.2%
Germany	3.8%
China	5.7%

Category-wise Insights

Segment	Baked Products (Application)
Value Share (2024)	36.8%

Segment	Baked Products (Application)
Value Share (2024)	42.8%

Stay updated with Market Research Intellect's Cultured Wheat Market Report, valued at USD 1.2 billion in 2024, projected to reach USD 2.5 billion by 2033 with a CAGR of 9.2% (2026-2033).

Discover the latest trends and projections for the global wheat market over the next six years. Anticipated growth in both volume and value is expected, driven by increasing demand worldwide.