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.

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.

In financial year 2024, the estimated yield of wheat in the south Asian country of India was approximately *** thousand kilograms per hectare. A consistent increase in the yield of wheat was noted since fiscal year 2015. Wheat, after rice is one of the country’s main cereal crops. Wheat for the Indian population Since India’s independence in 1947, the volume of wheat produced domestically was not enough to feed a drastically increasing population. Therefore, it was one of the main commodities imported into the country. In continuing this trend, wheat accounted for about *** percent of the country’s imports in fiscal year 2018, although the volume had significantly decreased. The Green Revolution of the late *** helped boost volumes in productivity, often producing a surplus . That same year, the daily per capita availability of the cereal stood at ***** grams. On average, between *** and ****** chapatis or Indian bread can be made from *** grams of wheat flour. Nature versus nurture Agriculture, the backbone of the Indian economy and the reason for over ** percent of the population’s livelihood, gets arguably not as much assistance as it needs. Even in the face of governmental efforts to improve methods, recent years have proved difficult for farmers. Excessive rains leading to flooding, droughts from unpredictable heat waves, in addition to the recent slump in the economy have led to challenging circumstances. Major wheat producing states including Uttar Pradesh, Madhya Pradesh, Haryana and Punjab were affected by changing temperatures and rising pollution levels. It remains to be seen how much technology and chemical development in agriculture can help maintain a sustainable produce.

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Corn Flour Market Size 2024-2028

The corn flour market size is forecast to increase by USD 3.38 billion, at a CAGR of 3.2% between 2023 and 2028.

The market is witnessing significant shifts, driven by the rising preference for private-label brands and the increasing awareness about gluten-free food products. The prominence of private-label brands is on the rise due to their competitive pricing and perceived quality, posing a challenge for established market players. Moreover, the health-conscious consumer trend is fueling the demand for gluten-free corn flour, as consumers seek alternatives to wheat-based products.
However, this market faces challenges, as corn crops are increasingly vulnerable to climate change, leading to potential production risks and price volatility. Companies in the market must navigate these challenges by focusing on innovation, sustainability, and supply chain resilience to capitalize on the growing demand for gluten-free and private-label corn flour products.

What will be the Size of the Corn Flour Market during the forecast period?

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The market continues to evolve, driven by the diverse applications and dynamic market dynamics in various sectors. Corn flour, a versatile ingredient derived from corn, undergoes intricate processing methods to ensure optimal quality. The continuous unfolding of market activities includes the determination of entities such as fat content, gelatinization temperature, starch granule morphology, and density measurement. Purity assessment plays a crucial role in ensuring the highest standards, while corn gluten meal is a valuable byproduct with significant applications. Rheological properties and texture profile analysis provide insights into the end-product's quality, with amylopectin content and ash content analysis contributing to the overall carbohydrate composition.

Shelf life extension and transportation logistics are essential considerations, with modified starches and milling efficiency optimizing product stability. Food safety regulations and quality control procedures are integral to maintaining consumer trust, with colorimetric analysis and storage conditions ensuring product integrity. The market's ongoing evolution encompasses the exploration of corn flour derivatives and the integration of advanced technologies, such as protein quantification, amylose content determination, and fiber content analysis. The market's continuous dynamism underscores the importance of effective supply chain management and adherence to industry standards.

How is this Corn Flour Industry segmented?

The corn flour industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Industrial
  Retail
  Food service


Distribution Channel

  Supermarkets and hypermarkets
  Convenience stores
  Online retail
  Others


Product Type

  Precooked Corn Flour
  Uncooked Corn Flour


Form

  Yellow Corn Flour
  White Corn Flour
  Blue Corn Flour


Application

  Food & Beverages (Bakery & Confectionery, Snacks, Breakfast Cereals, Tortillas & Nachos, Thickening Agent)
  Animal Feed
  Industrial (Biofuel, Adhesives)


Nature

  Organic
  Conventional


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period.

In the industrial sector, corn flour, derived from corn milling, holds a prominent position due to its extensive usage in various applications. In the US food industry, corn flour is particularly favored by snack manufacturers for producing tortilla chips and other snack products. The high starch content in corn flour contributes significantly to the desirable puff effect in the preparation of processed and extruded snacks. Moreover, its use in baby food production is on the rise due to the ease of digestion offered by its starch and protein content, which also creates creamy textures. The global demand for whole grain tortilla chips continues to surge, further propelling the market growth.

Additionally, corn flour finds application in various end-use industries such as bakery, confectionery, and beverage sectors. The production of corn flour involves several processes including particle size distribution assessment, bulk density determination, and packaging technologies. Corn flour processing techniques include s

Total chocolate market has grown with 18% CAGR from 2011 12 to 2016 17 in value terms. In volume terms, it is predicted to have growth rate around XX% during forecast period.

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Flour Market Size 2024-2028

The flour market size is forecast to increase by USD 41.16 billion at a CAGR of 4.36% between 2023 and 2028.

The market is witnessing significant growth due to the increasing demand for bakery items, particularly in the US and North America. This trend is driven by the rising preference for convenient and ready-to-eat food options. Soya flour is used as a protein source in various industries, while flavored flours add taste and variety to food products. Additionally, flour is used In the production of bioplastics and glue, further expanding its applications. However, the market faces challenges due to the high manufacturing and production costs associated with the fermentation process of wheat flour. These costs can be attributed to the use of expensive raw materials and the energy-intensive production process. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing consumer preference for bakery products and the growing trend towards healthier food options. The market analysis report provides a comprehensive study of these trends and growth factors, offering valuable insights to stakeholders and industry participants.

What will be the Size of the Flour Market During the Forecast Period?

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The market encompasses a diverse range of grains, including wheat, corn, and others, that are processed into various forms such as wheat flour, corn flour, and clean-label flours. Key applications include bakery items like bread and pastries, as well as fried food, fast food, and the production of noodles, pasta, and other wheat-based products. Demand for flour is driven by the growing popularity of baked goods and clean-label foods, particularly whole grain varieties.

How is this Flour Industry segmented and which is the largest segment?

The flour 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 2017-2022 for the following segments.

Type

  Wheat
  Maize/corn
  Rice


Application

  Bakery products
  Noodles and pasta
  Biscuits/waffles/wafers
  Others


Geography

  APAC

    China
    India


  Europe

    Germany
    France


  North America

    US


  South America



  Middle East and Africa

By Type Insights

The wheat segment is estimated to witness significant growth during the forecast period.

Wheat flour, derived from wheat, is a fundamental ingredient in baking, contributing to the structure, texture, and taste of various baked goods. The global bakery industry's growth, driven by the rising consumption of bread, cakes, pastries, and other baked items, fuels the demand for wheat flour. Consumers' modern and urban lifestyles, with an increasing preference for convenience foods like fast food and fried items, also contribute to the market's expansion. Health concerns, such as gluten intolerance and celiac disease, have led to the development of alternative flours, including rice, maize, oat, rye, and soya, further broadening the market scope. The baking industry's growth, driven by the millennial generation's spending on food and the emergence of new clean-label and fiber-rich food products, also presents significant opportunities.

The market encompasses various applications, including baked goods, pet food, bio-plastics, glue, roux, baby food, and various food processing technologies, such as dry and wet. The market's growth is influenced by factors like the urban population's increasing working population, the cereal-based foods' popularity, and the growing demand for clean-label and whole-grain foods.

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The Wheat segment was valued at USD 125.13 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% 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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The market in Asia Pacific is experiencing significant growth due to several key factors. Increasing health concerns and urbanization are major drivers, leading to a rise in demand for fiber-rich, low-sugar, and low-calorie food products. Consumers in this region have diverse tastes and preferences, necessitating the production of a wide range of flour types, including wheat, rice, maize, oat, rye, and durum. Key countries contributing to market growth are China, India, the Philippines, Thailand, and Vietnam. The bakery and pet food industries are significant consumers of flour, while it also finds applications In the production

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Seitan Market Size 2024-2028

The seitan market size is forecast to increase by USD 63.8 million, at a CAGR of 3.27% between 2023 and 2028.

The market is experiencing significant growth, driven by the expanding vegan population and enhanced channels of distribution. The vegan demographic continues to expand, fueled by increasing consumer awareness and concern for animal welfare and health. Seitan, a versatile plant-based protein derived from wheat gluten, caters to the dietary needs and preferences of this demographic. However, the market faces challenges due to the adverse effects of highly processed food. Consumers are increasingly seeking natural, whole food alternatives, which could potentially limit the appeal of seitan, as it is a highly processed food.
Manufacturers must address these concerns by focusing on product innovation, such as developing more natural and minimally processed seitan options, to cater to the evolving consumer preferences and maintain market competitiveness.

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The market continues to evolve, driven by consumer demand for gluten-free alternatives and the ongoing research and development in the field. Gluten strength and textural characteristics are key considerations in the production process, with processing parameters such as seitan texture analysis, wheat protein isolate, and functional properties playing crucial roles. Manufacturers strive for optimal yield and cost efficiency, employing various techniques like vital wheat gluten, gluten washing, and emulsifying capacity to enhance product quality. Consumer acceptance of seitan and other gluten-free alternatives is on the rise, driven by increasing awareness of celiac disease and gluten intolerance. This trend has led to innovation in seitan culinary applications, with dough kneading methods and rheological properties being explored to create a more authentic texture and mouthfeel.

Storage conditions and shelf life extension are essential factors in ensuring product quality and safety. Food safety regulations and food processing technology are continuously evolving to address concerns around microbial contamination and gluten hydration capacity. The seitan production process is a dynamic and complex one, with ongoing research focusing on protein solubility, water absorption, and protein denaturation effects to optimize yield and improve nutritional composition. The amino acid profile and allergenic protein content of seitan are important considerations for manufacturers and consumers alike. Gluten elasticity and gluten hydrolysis are key factors in the production process, with sensory evaluation playing a critical role in ensuring product quality and consumer satisfaction.

The market is a continually unfolding landscape, with ongoing research and innovation driving new developments and applications across various sectors. From food manufacturing to culinary arts, the potential for seitan and other gluten-free alternatives is vast and evolving.

How is this Seitan Industry segmented?

The seitan industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Conventional seitan
  Organic seitan


End-User

  Vegan Consumers
  Restaurants
  Food Manufacturers


Distribution Channel

  Supermarkets
  Online Retail
  Specialty Stores


Application

  Meat Substitutes
  Bakery Products
  Processed Foods


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The conventional seitan segment is estimated to witness significant growth during the forecast period.

Seitan, a versatile and nutritious plant-based protein derived from wheat gluten, has gained significant attention in the global food industry due to its textural similarities to meat and its potential health benefits. The market for seitan continues to evolve, driven by increasing consumer acceptance of gluten-free alternatives and the functional properties of wheat protein isolate. Seitan's textural characteristics, achieved through various processing parameters, make it an excellent substitute for meat in various culinary applications. Manufacturers employ different methods to optimize yield and enhance the elasticity and protein solubility of seitan. Sensory evaluation plays a crucial role in ensuring product quality, while food safety regulat

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Spelt Market Size and Trends

The spelt market size is forecast to increase by USD 11.79 billion, at a CAGR of 3.7% between 2023 and 2028. The market is witnessing significant growth due to changing consumer preferences towards healthier food options. Organic farming practices are increasingly being adopted to produce spelt cereals, including common spelt, red spelt, and green spelt, which are rich in flavor and nutritional value. These grains are finding extensive applications in the food and beverage industry, particularly in baked goods, pastas, and brewing. Moreover, the demand for spelt is expanding beyond food and beverage to include skincare products, haircare products, dietary supplements, nutraceuticals, and animal feed. The growing popularity of these applications is driving the market's expansion. Additionally, the increasing use of online stores, health food stores, and specialty stores as sales channels is facilitating the market's growth. However, the market faces challenges due to the shortage of spelt, which is limiting its production and availability. Despite this, the market is expected to continue its growth trajectory, driven by the increasing demand for natural and organic products.

Market Analysis

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Spelt, an ancient grain, has gained considerable attention in the nutritious food market due to its numerous health benefits and sustainable production methods. This grain, a type of hulled wheat, has been a staple in European diets for centuries and is now regaining popularity in North America. Spelt is rich in essential nutrients, including fiber, proteins, vitamins, and minerals. Its high fiber content makes it an excellent choice for promoting digestive health, alleviating constipation, and preventing conditions such as diverticulitis. Moreover, spelt is a valuable source of vitamin niacin, which plays a crucial role in energy production and the synthesis of sexual hormones. Thiamin, another essential vitamin present in spelt, aids in psychological stress reduction. Spelt is a nutrient-dense food, offering various health advantages. Its fiber content makes it an effective digestive regulator, ensuring proper nutrient absorption and maintaining overall gut health.

Furthermore, spelt contains a decent amount of protein, making it a suitable alternative for individuals following gluten-free diets due to celiac disease or intolerances. Spelt's popularity extends beyond its nutritional benefits. The grain is grown using sustainable agriculture practices, which minimize the use of synthetic fertilizers and pesticides. This eco-friendly approach not only benefits the environment but also ensures the production of organic products that are free from harmful additives. The increasing health consciousness among consumers and the demand for sustainable food options have contributed to the growth of the spelt market. Consumers are increasingly seeking nutrient-rich, gluten-free alternatives, making spelt an attractive choice. Furthermore, the growing awareness of the importance of fiber in maintaining overall health has led to a rise in demand for high-fiber foods, including spelt.

Market Segmentation

The market 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.

Product

  Conventional spelt
  Organic spelt


Geography

  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By Product Insights

The conventional spelt segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to several key factors. One of the primary reasons is the increasing availability of this ancient grain. With the rising consumer interest in spelt, more farmers are shifting towards its cultivation, leading to a supply shortage in certain regions. Price is another significant factor driving the conventional spelt market. Price-conscious consumers often opt for conventional spelt products due to their affordability. Moreover, the food and beverage industry's growing demand for spelt is anticipated to boost the segment's growth during the forecast period.

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The conventional spelt segment was valued at USD 33.38 billion in 2018. Spelt, a type of ancient wheat, is gaining popularity in various industries, including food and beverage, skincare products, haircare products, dietary supplements, nutraceuticals, animal feed, and flour. Commonly available in three varieties - red spelt, green spelt, and white spelt - spelt's unique flavor and nutritional benefits make it a preferred choi

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Functional Flours Market Size 2024-2028

The functional flours market size is forecast to increase by USD 36.14 billion, at a CAGR of 8.5% between 2023 and 2028.

The market is witnessing significant growth due to the increasing demand for ready-to-eat food products from manufacturers. This trend is driven by consumers' preference for convenience and healthier food options. Consumers are increasingly seeking fiber-rich and nutrient-dense alternatives to traditional wheat, leading to a rise in demand for functional flours fortified with vitamins, herbs, nutraceuticals, and other health-promoting ingredients. Furthermore, innovations in functional flour blends are providing new opportunities for market expansion. However, the market faces challenges due to fluctuations in the availability of raw materials for functional flours. Weather conditions and natural calamities can significantly impact the production of key raw materials, leading to supply chain disruptions and price volatility.
To capitalize on market opportunities and navigate these challenges effectively, companies must focus on supply chain resilience and diversification of raw material sources. Additionally, investing in research and development to create innovative functional flour blends can help differentiate offerings and cater to evolving consumer preferences.

What will be the Size of the Functional Flours Market during the forecast period?

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Functional flours continue to revolutionize the baking industry, with their unique properties and applications driving market dynamics. These innovative flours offer enhanced water absorption capacity, improved fiber enrichment methods, and superior bread making properties. Consumer acceptance testing and quality control metrics play a crucial role in ensuring the optimal sensory experience. Flour milling technology advances, enabling the production of specialized pastry flours with distinct characteristics. Ingredient cost analysis and product development lifecycle are essential considerations in the evolving market landscape. Starch modification techniques offer opportunities for enhanced ingredient functionality and nutritional labeling regulations. Functional flour applications span various sectors, from baked goods to beverages and supplements.

Ingredient sourcing strategies, food safety standards, and ingredient traceability systems are paramount in maintaining consumer trust and regulatory compliance. Colorimetric analysis techniques and dough rheology testing provide valuable insights into flour quality and baking performance indices. Flour storage conditions and process optimization strategies further contribute to the cost-effectiveness and efficiency of functional flour production. Continuous innovation in functional flours is fueled by ongoing research and development, with a focus on improving texture analysis methods, microscopic analysis techniques, protein content analysis, and gluten-free flours. The market's dynamic nature underscores the importance of staying informed and adaptive to meet the ever-evolving needs of consumers and industries.

How is this Functional Flours Industry segmented?

The functional flours 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.

Application

  RTE products
  Bakery products
  Soups and sauces
  Others


Type

  Fortified
  Specialty
  Pre-cooked


Source

  Cereals (Wheat, Rice, Corn, Oats, Barley)
  Legumes (Chickpea, Lentil, Pea, Bean)
  Oilseeds (Soy, Flaxseed)
  Nuts (Almond, Coconut)
  Pseudocereals (Quinoa, Buckwheat, Amaranth)


Nature

  Organic
  Conventional


Function

  Thickening
  Binding
  Emulsifying
  Texturizing
  Nutritional Enrichment
  Shelf Life Extension


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The RTE products segment is estimated to witness significant growth during the forecast period.

Functional flours have gained significant attention in the food industry due to consumers' increasing preference for healthier options. Manufacturers are leveraging functional flours to produce various snack foods, such as extruded snacks, with improved nutritional content. For instance, HOMECRAFT Pulse Flours from Ingredion is a functional flour suitable for ready-to-eat (RTE) products like snacks and pasta. The demand for functional flour in snack applications

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Phosphorus Fertilizers Market Size 2024-2028

The phosphorus fertilizers market size is forecast to increase by USD 11.56 billion at a CAGR of 4.83% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The shrinking arable land, a result of rapid urbanization, is leading to an increased demand for phosphorus-based fertilizers such as TSP (Triple Super Phosphate) and DAP (Di-Ammonium Phosphate), particularly in regions with high grains and oilseeds production like Serra do Salitren.

Furthermore, the trend toward vertical integration among agrochemical companies is boosting the consumption volume of these fertilizers in metric tons. However, the market faces challenges, including stringent regulations and policies concerning the use of watersoluble P and pure phosphate-based fertilizers due to environmental concerns. Despite these challenges, the market for phosphorus fertilizers is expected to continue its growth trajectory due to the essential role these fertilizers play in enhancing crop yield.

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Phosphorus fertilizers play a crucial role in enhancing agricultural productivity by providing essential phosphorus nutrients to crops. These fertilizers are primarily used by agricultural producers to cultivate various crops such as fruits, vegetables, cereals, pulses, grains, oilseed crops, and more. Phosphorus rocks, the primary source of phosphorus for fertilizer production, contain approximately 16% phosphorus pentoxide (P2O5). Phosphorus fertilizers, including TSP (Triple Super Phosphate), DAP (Diammonium Phosphate), and SSP (Single Super Phosphate), are essential for crops that require a high phosphorus content, such as fruits and vegetables. Nitrogen fertilizers, which are often used in conjunction with phosphorus fertilizers, provide nitrogen nutrients, while phosphorus fertilizers offer calcium nutrients and sulfur trace elements.

Furthermore, the global food demand is projected to increase due to the growing world population, leading to a potential uptick in phosphorus fertilizer usage. However, challenges such as labor shortages, shrinking fields, urbanization, and urban areas encroaching upon arable land may impact phosphorus fertilizer production and usage. Despite these challenges, farmers continue to rely on phosphorus fertilizers to maintain crop health and productivity.

Market Segmentation

The market 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.

Type

  Grain and oilseed
  Fruits and vegetables
  Others


Geography

  APAC

    China
    India


  South America

    Brazil


  North America

    US


  Europe



  Middle East and Africa

By Type Insights

The grain and oilseed segment is estimated to witness significant growth during the forecast period. Phosphorus fertilizers play a crucial role in the productive cultivation of arable land used for growing grains, which constitute a significant portion of the world's food supply. Farmers rely on these fertilizers to optimize the growth of field crops such as rice, wheat, corn, and cotton. Phosphorus is a vital macronutrient that contributes to the proper development of grains, ensuring seed formation and enhancing their nutritional value. Grains, including wheat, rice, corn, and cottonseed, are essential food sources for millions of people worldwide, providing energy and essential nutrients like vitamins, minerals, and protein. The agricultural workforce depends on these fertilizers to maintain optimal crop yields, ensuring food security and sustenance for the global population.

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The grain and oilseed segment accounted for USD 17.58 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 57% 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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Phosphorus fertilizers play a crucial role in enhancing crop production on arable lands across Asia-Pacific (APAC). In 2023, China emerged as the leading consumer of phosphorus fertilizers in APAC due to the burgeoning agriculture sector. India and Indonesia rank second and third, respectively, in the region's phosphorus fertilizer consumption. The agricultural workforce in these countries focuses on the cultivation of staple crops like rice, wheat, corn, and cotton, which require adequate phosphorus for optimal growth. Phosphorus fertilizers significantly contribute to the nutrient supply for these crops, especially for

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Whisky Production Market Size 2024-2028

The whisky production market size is forecast to increase by USD 36.6 billion at a CAGR of 6.1% between 2023 and 2028. The market is experiencing significant changes driven by various factors. One notable trend is the increasing popularity of Irish whiskey, along with other premium and super-premium whiskies, as well as niche categories such as premium spirit and super-premium spirit. Consumers are increasingly seeking out craft goods and organic options, reflecting a growing interest in the nutritional value and health benefits of whiskey. In particular, there is a rising demand for malt-based whiskeys, which are perceived to have a lower sugar content and may aid in diabetes prevention. Sustainability initiatives by distilleries are also gaining traction, as health-conscious consumers become more environmentally aware. The Distilled spirits Council reports that these trends are contributing to the growth of the whisky market in the US and beyond.

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The market represents a significant segment of the global alcoholic beverage industry, exhibiting steady growth due to various factors. Consumption of whiskey continues to increase in the United States and other key markets, driven by a preference for premium and super-premium drinks. Natural ingredients, such as malted barley, wheat, rye, and corn, are essential components in the production of whiskey. fermentation plays a crucial role in the process, of converting sugars into alcohol. The distillation and aging stages further contribute to the development of unique flavors and aromas.

Moreover, the retail sector, including nightclubs, pubs, and restaurants, remains a key distribution channel for whiskey. Online retailing has emerged as a significant growth area, offering consumers convenience and a wider selection of products. Direct shipping and home delivery systems have also gained popularity, enabling consumers to access their favorite whiskeys from the comfort of their homes. Whiskey membership clubs have emerged as a popular trend, providing exclusive access to limited-edition releases, tastings, and events. Non-alcoholic whiskey and flavored whiskey variants cater to consumers seeking alternatives or looking to reduce their alcohol intake. The digital frontier has transformed the whiskey market, with virtual tastings and spirit tourism experiences offering consumers unique and great experiences.

Furthermore, whiskey imports continue to grow, with consumers seeking out international offerings to expand their palates. Wellness trends have influenced the whiskey market, with a focus on natural ingredients and lower-alcohol options. Scotch whiskey, a popular category, has seen continued growth due to its rich heritage and distinct flavors. In conclusion, the whiskey market is driven by a combination of factors, including consumer preferences for premium and super-premium drinks, the growth of online retailing, and the emergence of new trends such as virtual tastings and non-alcoholic whiskey. These trends are expected to continue shaping the market in the coming years.

Market Segmentation

The market 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.

Raw Material

  Wheat
  Malt
  Rye
  Corn
  Barley


Product

  Unflavored
  Flavored


Geography

  APAC

    China
    India
    Japan


  North America

    Canada
    US


  Europe



  South America



  Middle East and Africa

By Raw Material Insights

The wheat segment is estimated to witness significant growth during the forecast period. The market in the retail sector is experiencing growth in the use of diverse raw materials, particularly wheat. The allure of wheat-based whiskies lies in their distinctive flavor profiles and velvety textures, which are increasingly popular among consumers. This trend is fueled by innovative product launches and the expansion of established brands. This addition to their product line signifies the burgeoning interest in wheat-based spirits and the brand's dedication to offering unique and premium options. This new wheat whisky is anticipated to attract consumers who appreciate the soft and smooth qualities unique to this type of whisky.

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The wheat segment accounted for USD 27.00 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 51% 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.

For more ins

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Packaged Bakery Products Market Size 2024-2028

The packaged bakery products market size is forecast to increase by USD 134.5 billion, at a CAGR of 5.7% between 2023 and 2028.

The market is witnessing significant growth, driven by the increasing trend of snacking and indulgence consumption. Consumers' preference for convenient, ready-to-eat bakery items continues to fuel market expansion. Additionally, the rise in the demand for organic bakery food products aligns with the growing health consciousness among consumers, offering a lucrative opportunity for market participants. However, the market faces challenges, including the increase in in-home cooking, which may impact sales of packaged bakery products. The shift towards homemade baked goods could intensify competition among players, necessitating strategic innovation and differentiation to maintain market share.
Companies must focus on catering to consumers' evolving preferences, such as clean labeling, organic ingredients, and diverse flavors, to capitalize on the market's potential and navigate challenges effectively.

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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. Retail channels, a critical component of this industry, are continually adapting to meet consumer demands for convenience and freshness. Quality control, a top priority, is ensured through rigorous testing and adherence to food safety regulations. Whole wheat and sourdough breads, with their distinct taste and texture, remain popular choices. Shelf life, a key consideration, is extended through advanced packaging technologies and innovative production methods. Consumer preferences for gluten-free and artisan breads drive new product development and cost optimization. Mixing equipment, a crucial investment, is optimized for efficiency and ingredient traceability.

Pricing strategies are carefully calibrated to balance affordability and profitability. Artisan bread, with its unique taste and appeal, is produced in specialized facilities using proofing cabinets and baking ovens. Brand loyalty is fostered through marketing campaigns emphasizing health and wellness, ethical sourcing, and ingredient sourcing. Frozen bread, a growing segment, offers extended shelf life and convenience. Shelf-stable bread, rye bread, and Danish pastries cater to diverse dietary restrictions. Waste reduction and production efficiency are key areas of focus, with innovations in slicing machines and packaging lines. Food safety regulations are strictly enforced, ensuring the highest standards.

The market is a dynamic and evolving landscape, driven by consumer preferences, technological advancements, and regulatory requirements.

How is this Packaged Bakery Products Industry segmented?

The packaged bakery products 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.

Product

  Bread
  Cakes and pastries
  Cookies
  Crackers and pretzel
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The bread segment is estimated to witness significant growth during the forecast period.

The market experiences significant growth due to increasing consumer preferences for convenient and healthier food options. Shelf-stable bread, a key product category, benefits from advanced distribution networks and effective marketing campaigns. Whole wheat and gluten-free bread varieties cater to dietary restrictions and health-conscious consumers. Manufacturers invest in proofing cabinets and baking ovens to ensure consistent taste and texture while adhering to stringent food safety regulations. New product development, such as high-protein and sourdough bread, aligns with consumer preferences for health and wellness. Ingredient sourcing, cost optimization, and production efficiency are crucial for maintaining quality control and brand loyalty.

Artisan bread and danish pastries continue to appeal to consumers seeking unique and premium baked goods. Innovations in slicing machines, ethical sourcing, packaging lines, and ingredient traceability contribute to improving production processes and reducing waste. The market's focus on product innovation and pricing strategies caters to diverse consumer preferences, making it an exciting and dynamic industry.

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The Bread segment was valued at USD 172.10 billion in 2018 and showe

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Rotavator Market Size 2024-2028

The rotavator market size is forecast to increase by USD 442.8 million at a CAGR of 4.4% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. The increasing need for nutrient protection in agriculture fields is driving market growth, as rotavators help in improving soil structure and enhancing nutrient availability. Additionally, the focus on agricultural mechanization is another major trend, as rotavators offer an efficient and cost-effective solution for soil preparation. Hydraulic rotavators and C-type rotavators are popular blade types, offering benefits such as reduced tractor wear, precision agriculture capabilities, and improved seedbeds. However, the market is also facing challenges from substitute products, such as chisel plows and disc harrows, which offer similar functions at lower prices. Overall, the market is expected to continue its growth trajectory, driven by these trends and the ongoing demand for efficient and effective agricultural machinery solutions.

What will be the Size of the Rotavator Market During the Forecast Period?

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The market encompasses tractor-powered agricultural machines designed for soil preparation, seed bed creation, and fertilizer application. These rotating-blade machines play a pivotal role In the agricultural process by pulverizing and mixing soil, incorporating plant residuals, and conserving soil moisture. Rotavators are essential for crop yield enhancement in various agricultural applications, including corn, wheat, sugar cane, and more. The market for rotavators and agricultural mechanization continues to grow, driven by the need for increased farm productivity and infrastructure improvement. Soil pulverization and fertilizer application are key functions of rotavators, enhancing crop growth and contributing to overall agricultural process efficiency.

How is this Rotavator Industry segmented and which is the largest segment?

The rotavator industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Hydraulic
  Fixed


Type

  L type
  C type


Geography

  APAC

    China
    India


  North America

    Canada
    US


  Europe

    France


  South America



  Middle East and Africa

By Product Insights

The hydraulic segment is estimated to witness significant growth during the forecast period.

Hydraulic rotavators are essential agricultural machinery for soil preparation, enabling farmers to efficiently till the land with minimal effort. These tractor-driven machines utilize rotating blades for soil mixing, pulverization, and fertilizer application. Hydraulic systems allow for seamless blade control, facilitating bed preparation and seedbed formation. Farmers growing crops like corn, wheat, and sugar cane benefit from rotavators' ability to incorporate plant residuals and improve soil moisture conservation. Precision farming techniques, such as machine-based farming and collaborative farming, increasingly rely on advanced rotavators for optimal crop yield. The market continues to expand, driven by the demand for efficient agricultural mechanization and infrastructure improvement. C-type rotavators, hydraulic rotavators, and hybrid rotavators are popular options catering to various farming needs.

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The hydraulic segment was valued at USD 905.60 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 61% 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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In the global agricultural landscape, the market holds significant importance, particularly In the Asia Pacific (APAC) region. With a large population and a high dependence on agriculture, countries like China and India drive market growth. The increasing food demand in APAC necessitates agricultural advancements, leading to increased usage of agricultural equipment, including rotavators. Prominent companies in APAC, such as CNH Industrial, Deere, and Kubota, cater to this demand. These tractor-powered machines are essential for soil preparation, seed bed formation, and crop yield enhancement in crops like corn, wheat, and sugarcane. Rotavators enable soil mixing, pulverization, and fertilizer application, improving overall farm productivity.

Additionally, they contribute to soil moisture conservation and reduced tractor wear. As part of agricultur

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Crop Oil Concentrates Market Size 2024-2028

The crop oil concentrates market size is forecast to increase by USD 46.4 million at a CAGR of 3.8% between 2023 and 2028.

The Crop Oil Concentrates (COC) market is experiencing significant growth due to several key factors. One of the primary drivers is the increased use of herbicides in agriculture, as COCs serve as effective carriers for these chemicals. Additionally, the rising popularity of biopesticides is contributing to market growth, as COCs are often used as formulation bases for these natural pest control solutions. However, the market faces challenges from a complex regulatory environment, which can impact production and distribution. Adhering to stringent regulations and ensuring product safety and efficacy are crucial for market participants to succeed. Overall, the COC market is poised for continued growth, driven by the demand for effective agrochemical solutions and the increasing adoption of sustainable farming practices.

What will be the Size of the Crop Oil Concentrates Market During the Forecast Period?

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The market encompasses the production and distribution of oil-based formulations used as adjuvants in agriculture. These concentrates enhance the performance of agrochemicals such as pesticides, herbicides, insecticides, fungicides, and plant growth regulators. Herbicide-tolerant crops, including corn, wheat, cereals and grains, oilseeds and pulses, fruits and vegetables, and others, increasingly rely on these concentrates to improve herbicide deposition and agricultural yield. Weed resistance and the subsequent development of new herbicides have driven market growth. Raw material costs and precision farming techniques also influence market dynamics. Surfactant concentration is a critical factor in crop oil concentrates, as it enhances the spread and penetration of agrochemicals.
The market is expected to experience continued growth due to the ongoing demand for increased agricultural productivity and the development of new agrochemicals. Agrochemicals, including glyphosate-tolerant crops, remain a significant market for crop oil concentrates.

How is this Crop Oil Concentrates Industry segmented and which is the largest segment?

The crop oil concentrates industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Herbicides
  Insecticides
  Fungicides
  Others


Geography

  APAC

    China
    India
    Japan
    Thailand


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil
    Argentina


  Middle East and Africa

By Application Insights

The herbicides segment is estimated to witness significant growth during the forecast period.

Crop oil concentrates play a crucial role in enhancing herbicide efficacy by facilitating better absorption in plant tissues. Primarily derived from petroleum, these concentrates augment herbicide performance and help mitigate plant resistance. The global market for crop oil concentrates is driven by the increasing agricultural activities in Asia Pacific, where the demand for herbicides is on the rise. The emergence of bio-herbicides as a potential alternative to synthetic herbicides represents a significant trend In the market. Crop oil concentrates are essential adjuvants in herbicide formulations, improving herbicide deposition on plant surfaces and ensuring optimal agricultural yield. The use of non-ionic surfactants and vegetable-oil concentrates as alternatives is also gaining traction in precision farming practices.

The integration of drones and advanced farming techniques further enhances the application of crop oil concentrates in cereals, grains, oilseeds and pulses, fruits, and vegetables, contributing to the market's growth.

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The Herbicides segment was valued at USD 88.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 66% 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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The agriculture industry in APAC, characterized by expansive farmlands and fertile soil, experiences significant growth due to increasing food grain demand and a large human population. APAC accounts for approximately 30% of the world's land and nearly 60% of its population, making it the largest agricultural pesticides market and the fastest-growing market globally. This surge in pe

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Electrical Steel Market Size 2024-2028

The electrical steel market size is valued to increase USD 24.25 billion, at a CAGR of 11.29% from 2023 to 2028. Increasing demand for electrical steel in automotive industry will drive the electrical steel market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 77% growth during the forecast period.
By Type - Grain oriented electrical steel segment was valued at USD 18.88 billion in 2022
By End-user - Automobiles segment accounted for the largest market revenue share in 2022

Market Size & Forecast

CAGR : 11.29%
APAC: Largest market in 2022

Market Summary

The market encompasses the production and distribution of steel specifically designed for use in electrical applications. This sector is witnessing significant growth, driven by the increasing demand for electrical steel in core industries such as automotive and power generation. For instance, the automotive industry's shift towards electric vehicles is fueling the demand for high-performance electrical steel. Moreover, companies are expanding their production capacity to meet this escalating demand. However, the market faces challenges such as excess production capacity in steel manufacturing plants, which may lead to price fluctuations.
Despite these challenges, opportunities abound, particularly in the development of advanced electrical steel grades and the integration of digital technologies to enhance production efficiency. According to a recent study, the market is expected to account for over 20% of the total steel demand by 2025.

What will be the Size of the Electrical Steel Market during the forecast period?

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How is the Electrical Steel Market Segmented and what are the key trends of market segmentation?

The electrical steel 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.

Type

  Grain oriented electrical steel
  Non-grain oriented electrical steel


End-user

  Automobiles
  Manufacturing
  Energy generation


Geography

  North America

    US


  Europe

    Russia


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The grain oriented electrical steel segment is estimated to witness significant growth during the forecast period.

Grain-oriented electrical steel, a specialized type of electrical steel, is gaining significant traction in the electrical and automotive industries due to its superior magnetic properties. The market for this material is experiencing notable growth, with a current adoption rate of approximately 12% in transformer applications and a projected expansion of around 15% in the electric vehicle sector. The primary reasons behind this upward trend include the increasing demand for energy-efficient electric motors and transformers, as well as the growing production of electric and hybrid vehicles. Grain-oriented electrical steel's unique features, such as low core losses and high magnetic permeability, contribute to improved efficiency in electromagnetic applications.

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The Grain oriented electrical steel segment was valued at USD 18.88 billion in 2018 and showed a gradual increase during the forecast period.

The manufacturing process for this steel involves aligning the crystal orientation of the grains, ensuring optimal performance in transformers and electric motors. The magnetic properties of grain-oriented electrical steel are further enhanced through various annealing processes, heat treatments, and surface coating methods. Moreover, the evolving market landscape is witnessing a shift towards high-frequency applications, which require magnetic materials with high magnetic flux density and magnetic field intensity to minimize eddy current losses and magnetostriction effects. As a result, the demand for magnetic anisotropy, lamination stacking factors, and magnetic hysteresis loops is on the rise. In conclusion, the market for grain-oriented electrical steel is witnessing continuous growth, driven by the increasing demand for energy-efficient electromagnetic applications in various sectors.

The ongoing advancements in manufacturing processes, heat treatments, and surface coating methods are further enhancing the material's magnetic properties, making it an indispensable component in the electrical and automotive industries.

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Regional Analysis

APAC is estimated to contribute 77% 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.

See How Electrical Steel Market Demand