Market Size of Global Wheat Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 50.21 Billion |
| Market Size (2029) | USD 62.86 Billion |
| CAGR (2024 - 2029) | 4.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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Wheat Market Analysis
The Global Wheat Market size is estimated at USD 50.21 billion in 2024, and is expected to reach USD 62.86 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
- Over the long term, the increased consumption of wheat across the countries in various cuisines and by the processing industries for the production of products like flour, pasta, noodles, and beverages and the rising food demand are expected to drive the wheat market over the study period. Wheat is a major staple crop in Asian countries, after rice. It is consumed as flour for bread and flatbread and for the preparation of noodles, pasta, etc.
- Factors like the increasing world population, increasing R&D, and increasing health consciousness would lead to increased wheat consumption around the globe during the forecasted period. However, some factors, such as increased awareness of gluten allergies or sensitivity and weather uncertainties recorded in several parts of the world, are expected to restrain the market growth during the forecast period. China is the leading country worldwide for wheat consumption, followed by India.
