The wheat market size volume per capita in Vietnam shows a consistent upward trend. In 2023, the volume stood at 14.98 kilograms per capita. For 2024, the forecasted volume is 15.14 kilograms per capita, reflecting a year-on-year increase of 1.1%. In 2025, the volume is expected to rise to 15.3 kilograms per capita, marking a 1.06% increase. Continuing this trend, the volume is forecasted to grow by 1.05% in 2026 to 15.46 kilograms per capita, 1.03% in 2027 to 15.62 kilograms per capita, and 0.96% in 2028 to 15.77 kilograms per capita. The compound annual growth rate (CAGR) over the last five years is approximately 1.05% per year.
Future trends to watch for include changes in agricultural policies, potential disruptions from climate events, and shifts in consumer preferences towards alternative grains. Additionally, growth in the food processing industry and potential trade agreements may also impact the wheat market in Vietnam.
