The wheat consumption in the US for 2023 stood at 28.23 million metric tons. The forecasted data for 2024 to 2028 shows a steady increase in wheat consumption. The year-on-year growth percentages indicate a stable upward trend: 0.18% from 2024 to 2025, 0.21% from 2025 to 2026, 0.21% from 2026 to 2027, and 0.18% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 0.22%.
Future trends to watch for include the impact of climate change on wheat yields, changes in dietary preferences towards gluten-free products, and potential shifts in agricultural policy that could affect wheat production and consumption.
