Wheat Market, Size, Share, Global Forecast 2022-2027

The Global Wheat Market is estimated to reach US$ 169.1 Billion in 2027. Wheat is a major global crop in terms of acreage and tradeable value, as well as a staple in many people's diets. It is the most important type of temperate-zone cereal, the grain of which is crushed to make flour for items such as bread, pasta, and pastry, among others. Wheat demand is stronger among the middle class, which has a big impact on the sector. Furthermore, the crop is a staple meal in many parts of the world, particularly in India and other Asian countries.

Worldwide Wheat Market Size was valued at US$ 127.7 Billion in 2021

Wheat demand has been increasing steadily for several years, and it is expected to continue in the next years. Surprisingly, the food business is driving the global wheat market, which is quickly expanding across all regions as people's disposable income rises. Furthermore, the expanding need for wheat is supported by the rapidly growing population, which has increased demand for both wheat and its starch, as well as globalisation, which has increased the predominance of processed food. The growing demand for personal care products such as dry shampoo, cleansers, and lotions is boosting the wheat starch market, as well as the broader wheat market.