Wheat rose to 505.46 USd/Bu on October 21, 2025, up 0.14% from the previous day. Over the past month, Wheat's price has fallen 1.04%, and is down 12.25% 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.

The Wheat Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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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

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.

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.

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 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.

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% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $289.4B. From 2023 to 2024, the growth of the global market remained at a lower figure.

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.

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.

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.

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

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.

Wheat prices decrease as Chicago SRW, KC HRW, and MPLS spring wheat futures face downturns amid global market adjustments and crop progress updates.

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.

Wheat market trends show mixed performance: winter wheat falls, spring wheat rises. Key insights on futures, USDA data, and global crop forecasts in this market update.

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Cultured Wheat Market Size 2025-2029

The cultured wheat market size is forecast to increase by USD 230.7 million at a CAGR of 6.8% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing consumer preference for healthier alternatives to traditional wheat products. This trend is being fueled by rising awareness regarding the health benefits of cultured wheat and its potential to address common wheat intolerances. Furthermore, technological advancements in the agriculture sector are enabling the large-scale production of cultured wheat, making it a more viable and accessible option for consumers. However, market expansion is not without challenges. Stringent regulations on food products, particularly those related to labeling and safety, can impact adoption and require careful navigation by market participants. Additionally, supply chain inconsistencies can temper growth potential, as ensuring a steady and reliable supply of cultured wheat is crucial for meeting demand and maintaining customer satisfaction. The segment is expected to witness notable expansion due to its increasing use in various industries, including food and animal feed.
Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay informed of regulatory requirements and invest in robust supply chain management strategies. Furthermore, North America actively contributes to the market by embracing innovative and sustainable food alternatives and vegan fast.

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

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In the market, supply chain management plays a crucial role in ensuring the efficient production and distribution of cultured grains. Microbial fermentation techniques are utilized to enhance the nutrient bioavailability and antioxidant properties of these grains, making them a popular choice among consumers. Food trends, driven by consumer insights, favor the use of digestive enzymes and flavor compounds in cultured wheat products. Distribution channels continue to evolve, with online retail becoming increasingly significant. Food safety regulations mandate rigorous testing for food allergens and sensitivities, necessitating brand positioning as a key differentiator. Ethical sourcing and sustainability initiatives, such as circular economy and food waste reduction, are gaining traction. The agriculture market encompasses a diverse range of commodities, including grains such as wheat, as well as fruits and vegetables like grapes, bananas, apples, limes, lemons, pears, onions, carrots, peppers, chilies, beans, turnips, oranges, peaches, avocados, and strawberries.
Fermentation processes also contribute to the production of leavening agents, which are essential for baking applications. Ingredient sourcing, market research, and pricing strategies are critical factors influencing the competitiveness of cultured wheat brands. The gut microbiome's role in food safety and consumer health further s the importance of food traceability and product labeling. Antioxidant properties, food safety, and ethical sourcing are key considerations for consumers, shaping the market dynamics. Cultured wheat's potential as a sustainable and nutrient-rich alternative to traditional grains is driving growth in the sector. Pricing strategies and sustainability initiatives are crucial elements in the circular economy, ensuring long-term market success. Soya beans are rich in high-quality protein, which helps reduce the risk of various health issues, including cardiovascular disease, stroke, and coronary heart disease (CHD), as well as certain cancers and bone health problems.

How is this Cultured Wheat Industry segmented?

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

Type

  Organic
  Conventional


Distribution Channel

  Offline
  Online


Product Type

  Lab-grown wheat
  Cell culture wheat


Technology

  Tissue engineering
  Fermentation-based wheat


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The organic segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the rising consumer demand for dietary fiber-rich functional food options. Whole grain and whole wheat bread, made with cultured wheat, are popular choices for health-conscious consumers seeking improved digestive health and enhanced nutritional value. Product innovation in the form of bread alternatives, such as pizza dough and artisan bread, ha

The wheat market price is influenced by factors such as supply and demand, weather conditions, government policies, and global trade agreements. This article explores these factors and their impact on wheat prices, highlighting the importance of understanding and monitoring them for stakeholders in the wheat industry.

Global Wheat Market Size Volume Per Capita by Country, 2023 Discover more data with ReportLinker!