Wheat traded flat at 514.75 USd/Bu on October 3, 2025. Over the past month, Wheat's price has risen 2.49%, but it is still 12.72% lower 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 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.

The dataset contains daily price ranges calculated from the daily high and low prices for Chicago Wheat, Corn, and Oats futures contracts, starting in 1877. The data is manually extracted from the ``Annual Reports of the Trade and Commerce of Chicago'' (today, the Chicago Board of Trade, CBOT, which is part of the CME group).

The price range is calculated as Ranget = ln(Ht) - ln(Lt), where Ht and Lt are the highest and lowest price observed on trading day t.

Description of the dataset:

Date: The trading day, format dd-mm-yyyy

Range_W_F1: Price range Wheat futures, First expiration (nearby contract)

Range_W_F2: Price range Wheat futures, Second expiration

Range_C_F1: Price range Corn futures, First expiration (nearby contract)

Range_C_F2: Price range Corn futures, Second expiration

Range_O_F1: Price range Oats futures, First expiration (nearby contract)

Range_O_F2: Price range Oats futures, Second expiration

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.

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 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.

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.

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

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.

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.

Wheat Market Outlook

According to our latest research, the global wheat market size reached USD 234.6 billion in 2024, driven by robust demand across food, feed, and industrial sectors. The market is projected to expand at a CAGR of 3.7% from 2025 to 2033, reaching an estimated value of USD 324.6 billion by the end of the forecast period. This steady growth is underpinned by increasing global population, rising per capita wheat consumption, and expanding applications in food processing and biofuel production.

One of the primary growth factors for the wheat market is the persistent increase in global population, notably in emerging economies where wheat serves as a dietary staple. As populations in Asia and Africa continue to rise, so does the demand for affordable and nutritious food sources. Wheat, being a versatile grain, is used in a variety of food products such as bread, pasta, noodles, and bakery items, which are integral to daily diets. Additionally, urbanization and changing lifestyles have led to higher consumption of processed and convenience foods, further boosting the demand for wheat-based products. The food industry’s innovation in ready-to-eat and frozen wheat-based foods is also playing a pivotal role in market expansion.

Another significant driver of the wheat market is the increasing utilization of wheat in animal feed and industrial applications. Wheat bran and other by-products are widely used in animal husbandry, providing essential nutrients for livestock and poultry. Moreover, wheat’s role in biofuel production, particularly in regions with energy diversification strategies, is gaining momentum. Governments and industries are exploring wheat as a renewable resource for ethanol and other biofuels, which not only supports sustainability goals but also creates an additional revenue stream for wheat producers. This diversification of application areas is expected to sustain the growth trajectory of the global wheat market over the coming years.

The wheat market is also benefitting from technological advancements in agriculture, including precision farming, improved seed varieties, and better irrigation techniques. These innovations have led to higher crop yields, better resistance to pests and diseases, and enhanced grain quality. The adoption of digital technologies for supply chain management and market intelligence is helping stakeholders optimize production and distribution, reducing post-harvest losses and improving profitability. Furthermore, government policies supporting sustainable farming practices and research investments are fostering a conducive environment for the wheat industry to flourish.

Regionally, Asia Pacific dominates the global wheat market, accounting for the largest share due to high consumption in countries like China, India, and Pakistan. Europe and North America also contribute significantly, with established agricultural infrastructure and substantial exports. The Middle East and Africa, while currently smaller in market size, are expected to witness the fastest growth, driven by rising food security concerns and increasing investments in agricultural modernization. Latin America is emerging as a key exporter, particularly with the expansion of wheat cultivation in Argentina and Brazil. This regional diversity ensures a balanced and resilient global wheat market outlook.

Product Type Analysis

The wheat market is segmented by product type into hard red wheat, soft red wheat, durum wheat, white wheat, and others. Hard red wheat is highly valued for its strong gluten content, making it ideal for bread and other baked goods. Its dominance in North American and European markets is attributed to the preference for bread and similar products in these regions. Farmers and millers favor hard red wheat due to its adaptability to diverse climates and its robust yield potential, which ensures a steady supply for both domestic consumption and export markets. The segment’s growth is propelled by continuous improvements in seed varieties and agronomic practices.

Soft red wheat is primarily used for pastries, cakes, cookies, and crackers, owing to its lower protein content and finer texture. This variety is especially popular in the food processing industry, where demand for high-quality, soft-textured flour is strong. The segment benefits from the increasing consumption of packaged and convenience foods, particularly in u

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).

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

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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

Canadian wheat farms have grown despite considerable economic volatility through the end of 2024. The industry is highly globalized and reliant on trade, which has improved following the dismantling of the Canadian Wheat Board in 2012; the board had restricted the marketing freedom of farms. Demand for Canadian wheat abroad has risen because of its reputation for high quality. Favourable price increases driven by world wheat prices have improved farm revenue and profitability. Improved trade ties with emerging economies have also aided growth by helping farmers tap into demand from new markets. Wheat farming revenue is expected to climb at a CAGR of 4.7% to an estimated $16.2 billion through the end of 2024, despite a decrease of 2.5% in 2024 because of waning wheat demand. Strong wheat prices have been the primary driver of revenue growth in recent years. The world price of wheat grew by a staggering 43.3% in 2021, followed by 35.5% in 2022, as global supply levels contracted. Canadian wheat prices surged the same year amid an intense drought that cut crop yields, making wheat a rare commodity. Strong revenue growth, combined with technological advancements, has enabled profit expansion for Canada's wheat farmers. Moving forward, a continued gain in the world price of wheat, counteracted some by flagging demand, will drag down revenue growth. Exports will continue to expand, albeit at a slower pace, as external competition from other grains and wheat production in other countries intensifies. Uncertainty regarding global wheat yields will also pose a threat to Canadian wheat farmers. Wheat is susceptible to various weather changes, meaning that industry performance can be drastically disrupted at any time. Revenue is expected to climb at a CAGR of 0.8% to $16.8 billion through the end of 2029.

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.

Market Research Intellect presents the Cultured Wheat Market Report-estimated at USD 1.2 billion in 2024 and predicted to grow to USD 2.5 billion by 2033, with a CAGR of 9.2% over the forecast period. Gain clarity on regional performance, future innovations, and major players worldwide.