As of 2023, the wheat market size volume per capita in the US stood at 81 kilograms. The forecasted data from 2024 to 2028 indicates a steady annual increase in wheat volume per capita, starting at 81.25 kilograms in 2024 and reaching 81.41 kilograms by 2028. The year-on-year growth is minimal, reflecting a stable market with less than a 0.1% increase annually. The compound annual growth rate (CAGR) over the five-year period is projected to be approximately 0.04%.
Future trends to watch:
- Potential impacts of climate change on wheat supply and prices.
- Evolving consumer preferences towards gluten-free or alternative grains.
- Technological advancements in agriculture affecting yield rates.
- Global economic factors influencing trade policies and imports/exports.
