Wheat Market Size and Share

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Compare market size and growth of Wheat Market with other markets in Agriculture Industry

Wheat Market Analysis by Mordor Intelligence

The wheat market size stood at USD 240 billion in 2025 and is forecast to reach USD 294.8 billion by 2030, advancing at a 4.2% CAGR during the period. Record global harvests are increasing, while wheat’s 20% share of global caloric intake secures a stable demand base. Expansion of Asia-Pacific milling capacity, commercialization of drought-tolerant cultivars, and widening biofuel mandates collectively expand profit pools for exporters. Supply-side innovation, such as hybrid wheat, AI-guided agronomy, and variable-rate fertilization, reduces production risk but amplifies capital requirements. The market's forward trajectory is supported by the adoption of technological advancements, with artificial intelligence-driven yield forecasting platforms gaining traction across major production regions and precision agriculture technologies enhancing resource optimization. Government biofuel blending mandates create additional demand streams, while trade liberalization efforts, despite periodic setbacks from export restrictions, continue to facilitate global market integration and price discovery mechanisms.

Key Report Takeaways

  • By geography, Asia-Pacific accounted for a 38% share of the wheat market size in 2024, and Africa is growing at a 5.4% CAGR through 2030. 

Geography Analysis

Asia-Pacific accounted for 38% of the wheat market share in 2024. North America keeps a resilient export posture backed by modern storage, rail, and river networks. U.S. shipments are forecast to climb to 27 million metric tons in 2025/26, helped by a weaker dollar and ample on-hand stocks. Policy clarity on gene-edited crops accelerates rollout of hybrid lines, yet episodic droughts in the High Plains increase production volatility and insurance claims. Canada’s Prairies, though vulnerable to moisture deficits, leverage higher-protein spring wheat premiums that cushion revenue swings. Climate-smart commodity grants worth USD 3.1 billion catalyze regenerative practices such as split fertilizer applications that cut nitrous oxide emissions.

Africa’s 5.4% CAGR through 2030 outpaces population growth as urban diets pivot toward wheat-based bread and pasta. Europe remains a pivotal supplier to North Africa and the Middle East despite yield swings from erratic rainfall. Ukrainian grain helps bolster food security while appeasing member-state producers wary of price depressions[3]Source: European Grain Association COCERAL, “EU-27 Grain Crop Forecast 2025,” coceral.eu. Stringent mycotoxin tolerances and sustainability schemes like Farm to Fork raise compliance costs but allow European exporters to command quality premiums. Investments in remote-sensing platforms now enable co-ops to forecast field-level protein prior to harvest, optimizing segregation strategies.

Asia-Pacific exhibits the widest spectrum of production systems, from high-input northern Chinese mega-farms to smallholder-dominated South Asian plots. Australia expects 30.6 million metric tons of output in 2025 on the back of conservation tillage, countering rainfall decline trends. Precision-sprayer adoption in Chinese provinces curbed herbicide use by 18%, improving margins and environmental scores. Conversely, Indonesia and the Philippines remain almost entirely import-reliant, exposing consumers to global price gyrations. Regional free-trade agreements lower tariff barriers, yet non-tariff hurdles such as sanitary protocols still slow cross-border flows.

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Recent Industry Developments

  • May 2025: USDA disbursed USD 3.1 billion to 141 climate-smart commodity projects, including multiple wheat-centric pilots.
  • November 2024: Corteva unveiled a non-GMO hybrid wheat with 10% higher yield potential and 20% better drought performance, slated for 2027 release.
  • August 2024: USDA granted cultivation approval for HB4 drought-tolerant wheat in the United States.
  • April 2024: OlsAro secured EUR 2.5 million (USD 2.7 million) to commercialize salt-tolerant wheat varieties after 52% yield gains in Bangladeshi trials.

Table of Contents for Wheat Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising demand for fortified wheat-based foods
    • 4.2.2 Expansion of wheat-based convenience products
    • 4.2.3 Government biofuel blending mandates
    • 4.2.4 Heat-tolerant wheat cultivars commercialization
    • 4.2.5 Trade liberalization
    • 4.2.6 AI-enabled yield-forecasting platforms adoption
  • 4.3 Market Restraints
    • 4.3.1 Volatility in fertilizer prices
    • 4.3.2 Geopolitical export restrictions
    • 4.3.3 Mycotoxin contamination incidents
    • 4.3.4 Water-stress-induced yield loss
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Value/Supply-Chain Analysis
  • 4.7 PESTEL Analysis

5. Market Size and Growth Forecasts (Value and Volume)

  • 5.1 By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.1.3 Mexico
    • 5.1.2 South America
    • 5.1.2.1 Brazil
    • 5.1.2.2 Argentina
    • 5.1.2.3 Chile
    • 5.1.3 Europe
    • 5.1.3.1 Germany
    • 5.1.3.2 France
    • 5.1.3.3 Italy
    • 5.1.3.4 United Kingdom
    • 5.1.4 Asia-Pacific
    • 5.1.4.1 China
    • 5.1.4.2 India
    • 5.1.4.3 Japan
    • 5.1.4.4 Australia
    • 5.1.5 Middle East
    • 5.1.5.1 Turkey
    • 5.1.5.2 Saudi Arabia
    • 5.1.6 Africa
    • 5.1.6.1 South Africa
    • 5.1.6.2 Kenya
    • 5.1.6.3 Egypt

6. Competitive Landscape

  • 6.1 List of Stakeholders

7. Market Opportunities and Future Outlook

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Global Wheat Market Report Scope

Wheat is widely cultivated for its seed and cereal grain, which is a staple food worldwide. Many species of wheat together make up the genus Triticum, out of which the most widely grown is common wheat (Triticum aestivum). 

The wheat market is segmented by geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report includes production analysis (volume), consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis of the wheat market across the world. The report offers market estimation and forecasts in value (USD) and volume (metric tons).

By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) North America United States
Canada
Mexico
South America Brazil
Argentina
Chile
Europe Germany
France
Italy
United Kingdom
Asia-Pacific China
India
Japan
Australia
Middle East Turkey
Saudi Arabia
Africa South Africa
Kenya
Egypt
By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
North America United States
Canada
Mexico
South America Brazil
Argentina
Chile
Europe Germany
France
Italy
United Kingdom
Asia-Pacific China
India
Japan
Australia
Middle East Turkey
Saudi Arabia
Africa South Africa
Kenya
Egypt
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Key Questions Answered in the Report

How large is the wheat market in 2025 and what growth is expected by 2030?

The wheat market size reached USD 240 billion in 2025 and is projected to hit USD 294.8 billion by 2030, reflecting a 4.2% CAGR.

Which region holds the largest share of global wheat demand today?

Asia-Pacific leads with 38% of global consumption owing to the dietary weight of China and India.

Why are African wheat imports growing faster than domestic output?

Rapid urbanization and changing food preferences push per-capita wheat intake higher, while production lags due to limited irrigation and input access, lifting import volumes toward 63 million metric tons by 2028.

How are biofuel policies influencing wheat utilization?

U.S., EU, and Brazilian blending mandates draw a reliable share of grain into ethanol pipelines, creating a demand floor that stabilizes prices during surplus years.

What technologies promise the greatest yield gains for wheat growers?

Hybrid wheat, drought-tolerant transgenics such as HB4, and AI-guided variable-rate management collectively offer double-digit percentage yield uplifts under stress conditions.

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