The Wheat Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). 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 of the Wheat Market. The Report Offers Market Estimation and Forecasts in Value (USD) and Volume (metric Tons).

Wheat decreased 17.24 USd/BU or 3.13% since the beginning of 2025, 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 March of 2025.

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Wheat Market Size 2024-2028

The wheat market size is forecast to increase by USD 73.16 billion at a CAGR of 4.54% between 2023 and 2028.

The market is experiencing significant growth driven by the increasing trend towards plant-based diets and the expansion of retail stores offering organic wheat-based supplements. The vegan population is on the rise, leading to a surging demand for wheat-based food and health products. This shift in consumer preferences presents a lucrative opportunity for companies operating in the market. However, climate change and unpredictable weather patterns pose a significant challenge to market growth. Extreme weather conditions, such as droughts and floods, can negatively impact wheat production and lead to supply chain disruptions. As such, companies must adapt to these conditions by implementing sustainable farming practices and exploring alternative sourcing options to mitigate risks and ensure a consistent supply of high-quality wheat. Additionally, investing in research and development to create climate-resilient wheat varieties can help companies stay competitive and capitalize on the growing demand for sustainable agricultural practices.

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

Request Free SampleThe market encompasses the production, trade, and consumption of various wheat types, including hard white and soft white wheat, primarily used in food crops for baked goods and snack foods. Wheat, scientifically known as Triticum aestivum, is rich in essential vitamins and minerals, such as Vitamin A, B6, and carotene alpha. The market's size is significant, with applications ranging from animal feed to industrial uses, biofuel production, and premium baked goods. Wheat production faces challenges such as pesticide use, mycotoxin levels, and disease resistance. Consumer preferences are shifting towards organic and clean-label products, driving innovation in the sector. Durum wheat, a key component in pasta and craft beer production, is also gaining attention. Sustainability concerns, including the environmental impact of fossil fuels and the Westernized diet's role in health issues, are influencing market dynamics. Government regulations, digital marketplaces, and e-commerce platforms are shaping the market's future direction.

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 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationHumanFeedTypeHard red winterHard red springSoft red winterOthersGeographyAPACChinaIndiaPakistanEuropeRussiaMiddle East and AfricaNorth AmericaUSSouth America

By Application Insights

The human segment is estimated to witness significant growth during the forecast period.Wheat is a significant cereal grain, serving as a primary food source for numerous populations worldwide. As a major carbohydrate provider, wheat contains essential nutrients, including protein, vitamins, soluble fiber, and phytochemicals. The versatility of wheat extends beyond human consumption, as it is also utilized in food processing industries for the production of refined wheat flour, pasta, noodles, and beverages. Wheat's nutritional benefits have led to its widespread use in various cuisines and industries. However, it's important to note that wheat contains gluten, which can trigger allergic reactions in some individuals. Additionally, sustainability is a growing concern in the wheat industry, with research focusing on innovative farming techniques, irrigation methods, soil health, and pest control to ensure efficient production and minimize environmental impact. Wheat's demand is influenced by population growth, food industry trends, and consumer preferences, leading to fluctuations in prices and challenges to food security. The market is influenced by factors such as market supply, demand, production costs, and trade policies. Wheat's importance extends to the food industry, with applications in poultry feed, food additives, and processed foods. Food safety standards, distribution networks, and agricultural technology play crucial roles in ensuring the quality and affordability of wheat and wheat products.

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The Human segment was valued at USD 117.11 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% 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.

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Wheat is a significant agricultural commodi

Wheat / Grain Value Chain Market Analysis report offers the Value Chain Overview, Price Markups in the Value Chain, Stakeholder Analysis, and Issues and Challenges in the Value Chain. The report offers the market size in value terms in USD for all the abovementioned segments.

The global wheat market was estimated at $267.2B in 2024, almost unchanged from the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $293.5B. From 2023 to 2024, the growth of the global market failed to regain momentum.

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)

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.

Wheat prices in Canada for Q1 2024 closed at 237 USD/MT. Canada's wheat market struggled with declining prices, impacted by a stronger Canadian dollar and rising shipping costs, making exports less competitive. High supply levels and reduced demand, both locally and globally, resulted in a bearish outlook and subdued market activity.

Wheat Market is expected to grow with a CAGR of 4.5% during the forecast period 2024-2031

In 2024, the EU wheat market decreased by -2.3% to $32.8B, falling for the second consecutive year after two years of growth. Overall, consumption, however, continues to indicate a mild increase. The level of consumption peaked at $35.2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

South America Wheat Market was valued at USD 10.3 Billion in 2024 and is projected to reach USD 13.4 Billion by 2031, growing at a CAGR of 5.5% from 2024 to 2031.

South America Wheat Market Drivers

Rising Demand for Animal Protein: The increasing global demand for animal protein, particularly in South America, drives the need for feed grains like wheat. As livestock production expands, so does the demand for wheat as a feed ingredient.

Growing Human Consumption: Wheat is a staple food in many South American countries. As populations grow and dietary preferences shift, the demand for wheat-based products like bread, pasta, and pastries continues to increase.

Export Opportunities: South American countries, particularly Argentina, are major wheat exporters. Global demand for wheat, especially from regions with wheat deficits, creates export opportunities for South American producers.

Government Policies and Subsidies: Government policies and subsidies can influence wheat production and trade.

Support for the agricultural sector, including wheat, can encourage farmers to increase production and invest in improved technologies.

The size of the Asia-Pacific Wheat Market market was valued at USD 72.33 Million in 2023 and is projected to reach USD 88.96 Million by 2032, with an expected CAGR of 3.00% during the forecast period. This growth is attributed to the benefits of hybrid seeds, which offer higher yields, increased resistance to pests and diseases, and improved quality. Government initiatives to promote wheat production, rising food security concerns, and technological advancements are also contributing factors. Hybrid seeds are particularly advantageous for farmers in the Asia-Pacific region, where increasing yields and improving quality are crucial for meeting the growing demand for wheat. Recent developments include: February 2022: Limagrain launched the First CoAXium Soft White Winter wheat variety with high yield potential, good straw strength, and very good tolerance to wheat streak mosaic virus and stripe rust., October 2022: BASF and its commercial partner Seednet released two new wheat varieties, Kingston and Reilly, for the 2023 season to the Australian market. Kingston wheat has high-end yield potential and grain quality, exceptional straw strength, and outstanding lodging resistance. In contrast, Reilly wheat offers excellent grain quality and exceptional resistance to all the major pathotypes of stripe rust., July 2021: BASF introduced Ideltis as the seed brand name for its future hybrid wheat to enable higher and more stable performance in yield and quality for farmers.. Key drivers for this market are: , Increasing Food Security Concerns; Inclination Toward a Healthy Lifestyle. Potential restraints include: , Unfavorable Climatic Conditions; Higher Market Entry Cost. Notable trends are: The Increasing Demand for Wheat Protein.

The Roasted Wheat Market size was valued at USD 517.2 USD Million in 2023 and is projected to reach USD 747.38 USD Million by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Roasted wheat is categorized as a grain, which has been baked to improve its quality and taste. Some of them are bulgur, cracked wheat, and puffed wheat categories of products among which this research focuses. Bulgur is parboiled and dried hence it is quite fast to prepare. Cracked wheat is more raw and requires longer cooking time than rolled wheat. Temporarily, puffed wheat is subjected to high pressure and heat which makes it to look like it is puffed up. These types of roasted wheat are incorporated in various forms of cooking, in salads, in soups, and in breakfast foods like cereal. Toasting enhances the grain’s palatability, enhances its nutritional value, and softens it hence making it a good ingredient. Key drivers for this market are: Increasing Use of UCO in Biodiesel Industry Drives Market Growth. Potential restraints include: Lack of Legal Approval to Certain Nootropic Substances May Restrict the Market Growth.

The wheat protein market size was estimated to be US$ 3.4 billion in 2023, with total wheat protein revenue predicted to expand at a 5.3% CAGR from 2023 to 2033, anticipated to be reaching about US$ 5.7 billion.

Report Attribute	Details
Wheat Protein Market Value (2023)	US$ 3.4 billion
Wheat Protein Market Anticipated Value (2033)	US$ 5.7 billion
Wheat Protein Market Growth Rate (2023 to 2033)	5.3% CAGR

A Glimpse of Country-wise Insights

Country	United States
CAGR (2017 to 2022)	3.6%
Valuation (2023 to 2033)	US$ 729.0 million

Country	United Kingdom
CAGR (2017 to 2022)	5.4%
Valuation (2023 to 2033)	US$ 531.6 million

Country	China
CAGR (2017 to 2022)	5.5%
Valuation (2023 to 2033)	US$ 738.0 million

Country	Japan
CAGR (2017 to 2022)	4.0%
Valuation (2023 to 2033)	US$ 230.9 million

Country	India
CAGR (2017 to 2022)	5.7%
Valuation (2023 to 2033)	US$ 426.6 million

The Asia-Pacific 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 Into Geography (India, China, Japan, Australia, and Pakistan). The Report Offers the Market Size and Forecasts in Terms of Volume (Metric Tons) and Value (USD) for all the Above Segments.

According to Cognitive Market Research, the global Hulled Wheat market size will be USD 521.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% 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 208.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 156.3 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 119.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 26.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% 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 10.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The Organic Nature segment held the highest Hulled Wheat market revenue share in 2024.

Market Dynamics of Hulled Wheat Market

Key Drivers for Hulled Wheat Market

Increasing Health Consciousness to Increase the Demand Globally

Growing consumer awareness of the importance of healthy eating habits and nutrition has become a significant driver for the hulled wheat market. Globally, 60% of consumers indicate that the pandemic has heightened their focus on preventing health issues through healthy lifestyles. In 2022, 52% of Americans reported following a specific diet or eating pattern in the past year, marking a notable increase compared to previous years (39% in 2021, 43% in 2020, and 38% in 2019). This trend reflects a growing preference among consumers for foods that promote health benefits such as improved digestion, weight management, and overall well-being, all of which hulled wheat can support.

Rising Demand for Organic and Natural Foods to Propel Market Growth

The increasing preference for organic and natural foods remains a significant driver for the demand for hulled wheat. In 2022, organic food sales in the United States surpassed $60 billion for the first time, marking a new high for the resilient organic sector. According to the 2023 Organic Industry Survey by the Organic Trade Association, total organic sales, including non-food products, reached a record $67.6 billion. Consumers are prioritizing products that are free from synthetic chemicals and genetically modified organisms (GMOs), and hulled wheat, often grown using organic farming methods, aligns with this consumer demand.

Restraint Factor for the Hulled Wheat Market

Higher Cost, and Regulatory and Certification Challenges to Limit the Sales

Hulled wheat often comes at a higher price compared to refined wheat because of its less efficient processing and specialized production methods. This pricing disparity may restrict its adoption among budget-conscious consumers and food manufacturers. Additionally, achieving compliance with organic certification standards and regulations presents challenges for hulled wheat producers and suppliers. Meeting rigorous requirements for organic and non-GMO certifications can elevate production costs and administrative complexities, thereby impacting market competitiveness.

Impact of Covid-19 on the Hulled Wheat Market

The COVID-19 pandemic increased consumer focus on health and wellness, leading to greater interest in nutritious foods such as hulled wheat. Consumers actively sought products believed to enhance immunity and overall well-being, potentially driving up demand for hulled wheat due to its nutritional advantages. With lockdowns and restrictions prompting more home cooking and baking, hulled wheat, known for its adaptability in diverse recipes, may have experienced heightened popularity as consumers explored healthier ingredients and alternative grains. However, like many agricultural commodities, hulled wheat encountered challenges from disruptions in the supply chain. Issues such as delays in transportation, shortages of labor, and fluctuating demand patterns could have impacted its availability and pricing in specific regions. Introduction of the Hulled Wheat Market

The global market for hulled wheat, which includes varieties such a...

The Asia-Pacific Wheat Market size was valued at USD 112.5 Billion in 2023 and is projected to reach USD 154.3 Billion by 2031, growing at a CAGR of 4.0% from 2024-2031.

Asia-Pacific Wheat Market: Definition/ Overview

Wheat is one of the most ancient and commonly produced cereal grains in the world. It is a grass species from the Triticum genus. Wheat is grown in temperate locations around the world and thrives in a variety of temperatures, including dry and semi-arid settings. The grain is high in carbs, proteins, vitamins, and minerals, making it an excellent food source. Wheat is farmed for its edible seeds, which are then processed into a wide range of food products such as bread, pasta, and baked pastries. The crop is also essential to the economy, supporting the livelihoods of millions of farmers worldwide.

Wheat is primarily utilized in the manufacture of flour, which is the foundation for many staple foods such as bread, cakes, pastries, and pasta.

Wheat Seed Market size was valued at USD 2529.3 Million in 2024 and is projected to reach USD 3605.18 Million by 2031, growing at a CAGR of 4.53% from 2024 to 2031.

The key drivers for the wheat seed market include the rising global demand for food, fueled by population growth and increased consumption of wheat-based products. Advances in seed technologies, such as hybrid and genetically modified seeds, are enhancing yield potential, pest resistance, and adaptability to diverse climatic conditions, further driving market expansion.

Additionally, government initiatives and subsidies supporting agricultural development, coupled with the increasing adoption of sustainable farming practices, are boosting demand for high-quality wheat seeds. Growing awareness among farmers about the benefits of improved seed varieties is also contributing to the market’s growth.

The Report Covers the Leading European Producer of Wheat & Wheat Production in Europe. The Market is Segmented by Geography (Spain, France, United Kingdom, Germany, and Russia). The Report Includes Production (volume), Consumption (volume and Value), Import (volume and Value), Export (volume and Value), and Price Trend Analyses. The Report Offers Market Estimation and Forecasts Value in (USD) and Volume (metric Tons) for the Above Segments.

The global wheat flour market size reached USD 259.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 350.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.4% during 2025-2033. The burgeoning population growth, shifting dietary preferences, rapid urbanization, fluctuations in wheat production, escalating health-consciousness among consumers, and advancements in milling technology are influencing the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 259.6 Billion
Market Forecast in 2033	USD 350.6 Billion
Market Growth Rate 2025-2033	3.4%

IMARC Group provides an analysis of the key trends in each segment of the global wheat flour market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on type, end-use and distribution channel.