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Buckwheat Market Size

Report ID: GMI7187
Published Date: Oct 2023
Report Format: PDF

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Buckwheat Market Size

Buckwheat Market size was valued at USD 605.5 million in 2023 and is anticipated to register a CAGR of over 3% between 2024 and 2032. Growing awareness about the health benefits of buckwheat, such as its gluten-free nature, high nutritional content, and potential to lower the risk of various chronic diseases, has led to increased consumer demand for buckwheat products.

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Buckwheat is used in various food products like noodles, pancakes, and flour. As consumer preferences for gluten-free and healthy alternatives rise, the demand for these products has increased, driving the market size.

Buckwheat Market Report Attributes
Report Attribute	Details
Base Year:	2023
Buckwheat Market Size in 2023:	USD 605.5 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3%
2032 Value Projection:	USD 787.5 Million
Historical Data for:	2018 - 2023
No. of Pages:	180
Tables, Charts & Figures:	274
Segments covered:	Source, Form, Application
Growth Drivers:	Health and wellness trends Increased consumption
Pitfalls & Challenges:	Weather and climate condition Limited geographical range

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The Buckwheat cultivation is sensitive to weather and climate conditions, including temperature and rainfall. Unfavorable weather patterns, droughts, or excessive rainfall can impact crop yields and quality.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of buckwheat reached USD 605.5 million in 2023 and it is set to cross USD 787.5 million by 2032, owing to the growing awareness about the health benefits, such as its gluten-free nature, high nutritional content, and potential to lower the risk of various chronic disease.

The food & beverage segment had a market share of 64.5% in 2022, as buckwheat is a versatile grain and can be used in a variety of culinary applications.

Asia Pacific market size was valued at USD 0.29 billion in 2022, as the product is highly valued for its nutritional benefits in the region.

Lee Kum Kee, Homestead Organics, Birkett Mills, Galinta IR Partneriai, Krishna India, Ningxia Newfield Foods, UA Global, Archer Daniels Midland Company (ADM), Wilmar International Limited, Skvyrskyi Grain Processing Factory Ltd, Bob's Red Mill Natural Foods, Minn-Dak Growers Ltd., and Bulk Barn Foods Limited.