Global Wheat Market - Forecasts from 2025 to 2030

Global Wheat Market - Forecasts from 2025 to 2030

The global wheat market is estimated to grow at a CAGR of 10.16%, from US$235.188 billion in 2025 to US$381.485 billion in 2030.

Wheat is a type of grass that is cultivated worldwide mainly for its seed. It is among the most common cereal consumed by the majority of the global population. Wheat is among the most common sources of carbohydrates, vitamins, and minerals. The cereal also offers a higher amount of energy on consumption, as it has a higher quantity of carbohydrates, and can help in managing weight. The consumption of whole wheat also lowers the risk of cardiovascular diseases.

The wheat seed is used for multiple applications, commonly in the food and beverage sector. The wheat seeds are grinded for producing wheat flour or semolina. Various wheat varieties are cultivated worldwide, including hard red spring, soft white, hard wheat, and others. Hard red spring wheat is mainly cultivated in the North American region, whereas soft white wheat offers a high break and straight-grade flour yield. It contains lower ash and low starch damage.

The global wheat market is estimated to witness substantial growth in demand, majorly with the increasing wheat production worldwide. In the cultivation of wheat, China, India, the EU, and Russia are among the biggest producers, producing more than half of the global wheat. Similarly, the increasing consumer perception of wheat products' health benefits is also estimated to increase its market size globally.

Global wheat market drivers
Increasing production of wheat across the globe

A major factor propelling the global wheat market is the increasing wheat production globally. Wheat is among the most commonly produced food grains, and it is produced in almost every region globally. The global demand for wheat witnessed a major increase. The US Department of Agriculture, in its report, stated that the global production of wheat grew significantly over the past few years. The agency stated that in the European Union, about 134,292 thousand tons of wheat were produced in 2022, which increased to 134,865 thousand tons in 2023. Similarly, in India, wheat production increased from 104,000 thousand tons in 2022 to about 110,554 thousand tons in 2023.

USDA further stated that the production of wheat is majorly concentrated in the European and Asian regions, with China, the EU, India, and Russia producing the majority of the global wheat annually. China, the EU, and India alone occupy about 48% of the global production share of wheat. The agency stated that in the 2023-24 financial year, China and the EU occupied about 17% of the global wheat production, whereas India and Russia contributed about 14% and 12%, respectively, each in the same year.

Global wheat market geographical outlook
The European Union is forecasted to hold a major share of the global wheat market.

European Union is expected to grow wheat production more than any other developed country. In contrast to the developed countries, developing countries are projected to add 36 Mt to global output by 2029, representing a marginal increase in their share of global production. EU is projected to increase its wheat production largely due to its minimum support price policy, which guarantees farmers a stable income. A combination of domestically produced hybrid seeds and fertilizers, low energy costs, large commercial farms, and good soil contributed to Russian and Ukrainian production increases.

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Report Coverage:

Historical data & forecasts from 2022 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Global Wheat Market is segmented and analyzed as follows:

By Type

Hard Red Wheat
Hard Red Spring
Soft Red Wheat
Soft White
Hard Wheat

By Uses

Flour
Grain

By End-User

Household
Commercial/Industrial

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Thailand
Taiwan
Indonesia
Others