Latest News - Wheat Market: Human is expected to lead the Application segment during 2025-2029

The Wheat Market is being driven by Growing vegan population

The Wheat Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 87.6 billion. The global wheat market is poised for growth due to the expansion of retail outlets specializing in wheat-based products. These retailers, including supermarkets, hypermarkets, independent stores, and convenience stores, offer a diverse range of items such as flour, noodles, pasta, and more to end-users. The proliferation of these retail channels is expected to boost sales of wheat and wheat-based items, thereby driving market expansion throughout the forecast period. Consequently, the increasing retail presence of wheat-based goods will significantly contribute to the growth trajectory of the global wheat market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Human
  • Feed
• Type
  • Hard red winter
  • Hard red spring
  • Soft red winter
  • Others
• Distribution Channel
  • Direct sales (B2B)
  • Retail stores
  • Online platforms
• Geography
  • APAC
    • China
    • India
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • North America
    • US
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing vegan population
• Increasing adoption of healthy eating habits
• Increasing global production of wheat-based items

However, the market also witnesses some limitations, which are as follows:

• Climate change and unpredictable weather patterns
• Stringent regulations on food products
• Shifting dietary preferences of consumers

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Market Scope in Wheat Market Research Report

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Research Analysis Overview

The wheat market encompasses various aspects of grain production and processing, including grain elevators and silos for handling and storage, grain drying and cleaning for improving quality, and transportation for distribution. Grain inspection, certification, and quality control are crucial steps in ensuring the production of top-notch flour through advanced milling technologies like roller mills and stone mills. Flour blending, fortification, and the creation of wheat-based products and substitutes, such as gluten-free, organic, and non-GMO options, cater to diverse consumer needs. Wheat farming practices, including precision agriculture and sustainable production, influence the market outlook, while price volatility and industry trends continue to shape the wheat market landscape.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue generated by the participating businesses. This market segment does not include manufacturers of food processing machinery or producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors driving the growth of the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as winter wheat, spring wheat, durum wheat, soft white wheat, and their derived products. Minimally processed foods, like vegetables, are essential nutrient reservoirs, providing essential elements such as potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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