The wheat market size in India has shown a steady increase in volume over the past decade, standing at 85.56 million metric tons in 2023. Analysis of year-on-year variations highlights a consistent upward trend with minor fluctuations: a slight decline in 2015 and prominent growth in 2017. Over the last five years, the average variation (CAGR) has been 0.48%. Forecasts suggest continued but slower growth, achieving 87.74 million metric tons by 2028, with a forecasted CAGR of 0.4%, indicating a cumulative growth rate of 2.01% over five years.
Future trends to watch for include any policy changes affecting wheat production, technological advancements in agriculture, climate change impacts, and fluctuations in domestic and global demand. Monitoring these factors will be crucial for understanding the wheat market trajectory.
