The global wheat market was valued at USD 161.32 billion in 2024 and is projected to grow at a CAGR of 5.30% from 2025 to 2034, reaching USD 270.38 billion.
Wheat Market Analysis,Growth & Industry
Trends
Forecast Report (2025-2034)
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Wheat Market Growth
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The global wheat market is experiencing steady growth due to rising demand for staple food products
across both developed and developing nations. As a key ingredient in bread, pasta, noodles, and various
baked goods, wheat continues to play a central role in global food security. With population growth and
increasing urbanization, the consumption of processed and convenience foods is also rising, further
fueling demand.
Technological advancements in farming practices, including precision agriculture and genetically
improved seeds, have significantly enhanced wheat production and yield. Governments and private
players are increasingly investing in sustainable agriculture and infrastructure development to ensure
consistent supply and reduce post-harvest losses. These initiatives are expected to support long-term
growth in the market.
Moreover, changing dietary habits and an increasing focus on health have led to the growing popularity
of whole wheat and organic wheat products. The expanding food and beverage sector, especially in
emerging economies like India and China, is expected to contribute substantially to the market's growth
in the coming years. Rising exports and favorable trade policies are also creating new opportunities for
key producers worldwide.
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The global wheat market is witnessing a shift towards healthier and organic options as consumers
become increasingly health-conscious. Products made from whole wheat, multigrain, and organic wheat
are gaining popularity, driven by a growing awareness of nutritional benefits and the risks associated
with refined grains. This trend is particularly strong in urban areas where consumers are actively seeking
high-fiber, natural, and chemical-free food options.
Sustainability and climate resilience are becoming major focal points in wheat production. Farmers and
agribusinesses are adopting modern farming techniques such as precision agriculture, drought-resistant
seed varieties, and sustainable irrigation practices. These innovations aim to address environmental
challenges and ensure consistent yield, even under changing climatic conditions. The focus on reducing
the carbon footprint of agriculture is further influencing cultivation and supply chain practices.
Digital transformation is also playing a key role in the wheat industry. Technologies like satellite
monitoring, AI-driven crop management, and blockchain for supply chain transparency are improving
efficiency and traceability. Additionally, government support for infrastructure development and export
promotion is creating a favorable environment for wheat trade, enabling producers to meet rising global
demand while ensuring quality and sustainability throughout the supply chain.
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01 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
02 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
03 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
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3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
04 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
05 Global Wheat Market Analysis
5.1 Key Industry Highlights
5.2 Global Wheat Historical Production (2018-2024)
5.3 Global Wheat Production Forecast (2025-2034)
5.4 Global Wheat Historical Consumption (2018-2024)
5.5 Global Wheat Consumption Forecast (2025-2034)
5.6 Global Wheat Market by Type
5.6.1 Whole/Raw
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Flour
5.6.2.1 Historical Trend (2018-2024)
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5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Others
5.7 Global Wheat Market by Application
5.7.1 Feed
5.7.1.1 Historical Trend (2018-2024)
5.7.1.2 Forecast Trend (2025-2034)
5.7.2 Food
5.7.2.1 Historical Trend (2018-2024)
5.7.2.2 Forecast Trend (2025-2034)
5.7.3 Biofuel
5.7.3.1 Historical Trend (2018-2024)
5.7.3.2 Forecast Trend (2025-2034)
5.7.4 Others
5.8 Global Wheat Market by Region
5.8.1 North America
5.8.1.1 Historical Production (2018-2024)
5.8.1.2 Production Forecast (2025-2034)
5.8.1.3 Historical Consumption (2018-2024)
5.8.1.4 Consumption Forecast (2025-2034)
5.8.2 Europe
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5.8.2.1 Historical Production (2018-2024)
5.8.2.2 Production Forecast (2025-2034)
5.8.2.3 Historical Consumption (2018-2024)
5.8.2.4 Consumption Forecast (2025-2034)
5.8.3 Asia Pacific
5.8.3.1 Historical Production (2018-2024)
5.8.3.2 Production Forecast (2025-2034)
5.8.3.3 Historical Consumption (2018-2024)
5.8.3.4 Consumption Forecast (2025-2034)
5.8.4 Latin America
5.8.4.1 Historical Production (2018-2024)
5.8.4.2 Production Forecast (2025-2034)
5.8.4.3 Historical Consumption (2018-2024)
5.8.4.4 Consumption Forecast (2025-2034)
5.8.5 Middle East and Africa
5.8.5.1 Historical Production (2018-2024)
5.8.5.2 Production Forecast (2025-2034)
5.8.5.3 Historical Consumption (2018-2024)
5.8.5.4 Consumption Forecast (2025-2034)
06 North America Wheat Market Analysis
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6.1 Market by Type
6.2 Market by Application
6.3 Market by Country
6.3.1 United States of America
6.3.1.1 Historical Trend (2018-2024)
6.3.1.2 Forecast Trend (2025-2034)
6.3.2 Canada
6.3.2.1 Historical Trend (2018-2024)
6.3.2.2 Forecast Trend (2025-2034)
07 Europe Wheat Market Analysis
7.1 Market by Type
7.2 Market by Application
7.3 Market by Country
7.3.1 United Kingdom
7.3.1.1 Historical Trend (2018-2024)
7.3.1.2 Forecast Trend (2025-2034)
7.3.2 Germany
7.3.2.1 Historical Trend (2018-2024)
7.3.2.2 Forecast Trend (2025-2034)
7.3.3 France
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7.3.3.1 Historical Trend (2018-2024)
7.3.3.2 Forecast Trend (2025-2034)
7.3.4 Italy
7.3.4.1 Historical Trend (2018-2024)
7.3.4.2 Forecast Trend (2025-2034)
7.3.5 Others
08 Asia Pacific Wheat Market Analysis
8.1 Market by Type
8.2 Market by Application
8.3 Market by Country
8.3.1 China
8.3.1.1 Historical Trend (2018-2024)
8.3.1.2 Forecast Trend (2025-2034)
8.3.2 Japan
8.3.2.1 Historical Trend (2018-2024)
8.3.2.2 Forecast Trend (2025-2034)
8.3.3 India
8.3.3.1 Historical Trend (2018-2024)
8.3.3.2 Forecast Trend (2025-2034)
8.3.4 ASEAN
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8.3.4.1 Historical Trend (2018-2024)
8.3.4.2 Forecast Trend (2025-2034)
8.3.5 South Korea
8.3.5.1 Historical Trend (2018-2024)
8.3.5.2 Forecast Trend (2025-2034)
8.3.6 Australia
8.3.6.1 Historical Trend (2018-2024)
8.3.6.2 Forecast Trend (2025-2034)
8.3.7 Others
09 Latin America Wheat Market Analysis
9.1 Market by Type
9.2 Market by Application
9.3 Market by Country
9.3.1 Brazil
9.3.1.1 Historical Trend (2018-2024)
9.3.1.2 Forecast Trend (2025-2034)
9.3.2 Argentina
9.3.2.1 Historical Trend (2018-2024)
9.3.2.2 Forecast Trend (2025-2034)
9.3.3 Mexico
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9.3.3.1 Historical Trend (2018-2024)
9.3.3.2 Forecast Trend (2025-2034)
9.3.4 Others
10 Middle East and Africa Wheat Market Analysis
10.1 Market by Type
10.2 Market by Application
10.3 Market by Country
10.3.1 Saudi Arabia
10.3.1.1 Historical Trend (2018-2024)
10.3.1.2 Forecast Trend (2025-2034)
10.3.2 United Arab Emirates
10.3.2.1 Historical Trend (2018-2024)
10.3.2.2 Forecast Trend (2025-2034)
10.3.3 Nigeria
10.3.3.1 Historical Trend (2018-2024)
10.3.3.2 Forecast Trend (2025-2034)
10.3.4 South Africa
10.3.4.1 Historical Trend (2018-2024)
10.3.4.2 Forecast Trend (2025-2034)
10.3.5 Others
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11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 1001)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
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13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
14.1 North America Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.2 Europe Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.3 Asia Pacific Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.4 Latin America Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.5 Middle East and Africa Historical Price Trends (2018-2024) and Forecast (2025-2034)
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Nisshin Flour Milling INC.
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 Siemer Milling Company
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15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 Miller Milling Company
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Grain Craft
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 General Mills
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 ITC Limited
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15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Ardent Mills
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 Farm Fresh Wheat
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 Sunnyland Mills
15.5.9.1 Company Overview
15.5.9.2 Product Portfolio
15.5.9.3 Demographic Reach and Achievements
15.5.9.4 Certifications
15.5.10 Bay State Milling Company
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15.5.10.1 Company Overview
15.5.10.2 Product Portfolio
15.5.10.3 Demographic Reach and Achievements
15.5.10.4 Certifications
15.5.11 Others
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