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Buckwheat Market by Source (Organic, Conventional), by Form (Groats, Flour, Flakes, Others), by Application (Food & Beverages, Animal Feed, Personal care & cosmetics, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, Malaysia), by Latin America (Brazil, Mexico, Argentina), by MEA (UAE, Saudi Arabia, South Africa, Egypt) Forecast 2025-2033
The size of the Buckwheat Market market was valued at USD 605.5 Million in 2023 and is projected to reach USD 744.69 Million by 2032, with an expected CAGR of 3% during the forecast period. As more and more people opt for healthy, gluten-free, and plant-based diets, the buckwheat market is growing. The pseudo-cereal is highly nutritious, rich in proteins, fiber, antioxidants, and essential minerals like magnesium and iron, making it a popular ingredient in a wide range of food products from flour to noodles, snacks, and breakfast cereals. Its gluten-free nature makes it appealing to those with celiac disease or gluten sensitivity, which is contributing to its rising demand, especially in North America and Europe. Buckwheat is also gaining popularity in the health and wellness industry due to its potential benefits for cardiovascular health, blood sugar regulation, and weight management. The market is driven by the increasing preference for clean-label products, natural ingredients, and the growing awareness of plant-based diets. Leading buckwheat manufacturers, including Buckwheat Growers, Kameda Seika, and Bob's Red Mill, are now innovating to include more varieties while focusing on sustainable farming. In spite of some fluctuations in the supply and demand, the growth of the buckwheat market is still likely to be substantial, especially because of the rapidly increasing demand from food and non-food applications.
Concentration areas include North America, Europe, and Asia-Pacific. The market exhibits moderate concentration with established players holding significant market share. Innovation focuses on product diversification and sustainability. Regulatory frameworks ensure quality and safety, while product substitutes may pose challenges. End-user concentration is evident in the food and beverage industry, with limited M&A activity.
Growing health consciousness among consumers drives the adoption of buckwheat as a gluten-free alternative. Value-added products like buckwheat-based breakfast cereals and bakery items gain traction. Technological advancements enhance production efficiency and reduce processing time. Global demand for buckwheat is projected to rise, driven by increasing awareness of its nutritional benefits.
North America and Europe dominate the Buckwheat Market, driven by high health awareness and food innovations. Asia-Pacific is expected to emerge as a key growth market due to increasing disposable income and changing dietary habits. The Organic segment is anticipated to dominate, driven by the growing preference for natural and sustainable products.
The market size of the Buckwheat Market is estimated at 605.5 Million, with a projected growth rate of 3%. Archer Daniels Midland Company (ADM) holds the largest market share, followed by Birkett Mills and Wilmar International Limited. The industry exhibits a fragmented competitive landscape with numerous regional players.
In May 2023, ADM announced its acquisition of D.C.A. Finance B.V., a leading processor and marketer of buckwheat. This acquisition strengthens ADM's position in the buckwheat market and expands its global reach.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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