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Base Year
Historical Year
Forecast Year
Value in Tons Million
2024-2032
Australia Wheat Market Outlook
*this image is indicative*
Based on type, flour wheat leads the Australia wheat market as it serves as a fundamental ingredient in staple foods such as bread and pasta, sustaining a substantial portion of local wheat consumption. The food processing industry heavily relies on flour wheat as a primary raw material for a wide array of packaged goods and baked items, further boosting demand for wheat. Moreover, technological innovations and advancements in wheat farming, processing, and distribution continue to improve yields and quality. The market stability and sustainability are supported by Australia's favourable climate and fertile agricultural regions, providing optimal conditions for the consistent production of flour wheat. In April 2024, Allied Pinnacle, a flour milling and bakery business, partnered with FMCG brand and design agency Molasses for the launch of its new product, 'Wise Wheat,' in the Australian market.
The development of the wheat market in Australia is propelled by increasing focus on health and wellness, leading to a rise in demand for whole grain products and boosting consumption of wheat-based foods like whole grain bread. Moreover, diversification opportunities have increased with the development of gluten-free wheat alternatives. Furthermore, sustainable agricultural practices, including reduced tillage and precision farming, enhance wheat yields while minimising environmental impact.
Australia Wheat Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
Feed applications hold a major share in the Australian wheat market due to the livestock industry's heavy reliance on wheat for feed formulations, supported by its nutritional value and energy density. The growth of feedlot operations further drives substantial demand for wheat as a feed grain.
The growth of the wheat market in Australia is fuelled by sustainable agriculture, value-added products, technological advancements, health and wellness trends, gluten-free alternatives, and research and development.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at Tons 6.81 Million in 2023.
The market is projected to grow at a CAGR of 1.15% between 2024 and 2032.
The wheat market is expected to reach Tons 7.55 Million in 2032.
Based on the type, the wheat market is bifurcated into whole/raw, flour, and others.
Key players in the wheat industry are Australian Seed & Grain - WA Moora, Wholegrain Milling Co., Manildra Flour Mills Pty. Ltd., FPM Cereal Milling Systems Pty Ltd., Four Leaf Milling, Golden Grain Flour Mills, Bellata Gold Farms, and Sam Mills Pty Ltd., among others.
Based on application, the wheat market is bifurcated into feed, food, biofuel, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
Report Features | Details |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Price Analysis: |
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Competitive Landscape |
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Companies Covered |
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