The forecast for wheat non-food uses in Brazil suggests a stable consumption pattern from 2024 to 2028, maintaining at 1.0 Thousand Metric Tons annually. In 2023, actual consumption was also steady, indicating no year-on-year variation since historical data shows consistency without major fluctuations or disruptive changes. Such stability suggests a flat growth trajectory with a Compound Annual Growth Rate (CAGR) of 0% over the five-year forecast period.
Future trends to watch for include potential impacts from advancements in industrial applications of wheat, changes in regulatory policies, and the influence of alternative materials which may shift market demands, thereby affecting the forecast stability.
- Technological advancements
- Regulatory changes
- Emergence of alternative materials