In 2023, Brazil's import of wheat gluten was recorded at 38.7 million US Dollars. From 2024, forecasts indicate a steady increase, with imports expected to reach 45.105 million US Dollars by 2028. This indicates an average compound annual growth rate (CAGR) of approximately 3.0% over the five-year period starting from 2024. The year-on-year growth shows consistent, incremental increases in imports around 3% annually.
Future trends worth watching include:
- Potential changes in global wheat production affecting prices.
- Brazil’s domestic demand for gluten-based products and its influence on import levels.
- Trade policies or agreements in South America influencing imports.