Reports
Global Buckwheat Market Trends, Demand, Analysis, Report: By Source: Organic, Non Organic; By Form: Groats, Flour, Flakes, Others; By Application: Food and Beverages, Animal Feed, Cosmetic and Personal Care, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Buckwheat Market Outlook
The global buckwheat production reached a volume of about 4.84 million tons in 2023. The industry is also expected to grow in value at a CAGR of 4% in the forecast period of 2024-2032.
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Europe and North America Aiding the Growth of the Global Market for Buckwheat
The global buckwheat market is significantly being dominated by Europe and North America. Poland accounts for a significant share of exports, followed by Bolivia and Peru. The demand for the product is growing in the European and North American regions due to the changing lifestyles of the consumers, which has led to the rising occurrence of lifestyle-related diseases such as diabetes, obesity, high cholesterol, and high blood pressure, among others. The rising demand for superfoods owing to the rising health consciousness across the regions is propelling the growth of the industry.
The Asia Pacific also holds a significant share of the industry, with China and Japan showcasing a thriving demand for the product. Buckwheat is a healthy food product, and the rising awareness about its health benefits is boosting the market growth. The food habits of the consumers are changing, and the preference for healthy and superfoods is on the rise. With the rising disposable incomes as well as the availability of these superfoods on e-commerce platforms, the demand for buckwheat is witnessing a boost.
Buckwheat: Market Segmentation
Buckwheat contains a rutin called flavonoid that strengthens the blood vessels. Rutin has also been described as vitamin P, and its ability to improve and retain the elasticity of the blood vessel is well established. Buckwheat is a varied component in supplements used to avoid diseases related to ageing vessels, including hypertension, atherosclerosis, and stroke of myocardial infarction. Many benefits of the product consumption include improved digestion, building immunity, and bone safety, among others.
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Based on source, the industry can be divided into the following:
- Organic
- Non Organic
The form of the product can be divided as follows:
- Groats
- Flour
- Flakes
- Others
It finds wide applications in the following:
- Food and Beverages
- Animal Feed
- Cosmetic and Personal Care
- Others
The regional markets for buckwheat can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Awareness of the Health Benefits of Buckwheat Bolstering the Market Growth
The diversified use of buckwheat extract in herbal formulations offering benefits like strengthening the blood vessel and increasing blood flow, added health benefits in bone health management, and more are expected to accelerate the market growth in the forecast period. Buckwheat extract can also be combined with the majority of food items that can be used in the food and beverage sectors for further use. Thus, another major driver for the growth of the global buckwheat industry is the rising use of its extract in a variety of food products as an additive.
Key Industry Players in the Global Buckwheat Market
The report gives a detailed analysis of the following key players in the global buckwheat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Archer Daniels Midland Company (ADM)
- Wilmar International Limited
- Skvyrskyi Grain Processing Factory Ltd
- Bob’s Red Mill Natural Foods
- Minn-Dak Growers Ltd.
- Bulk Barn Foods Limited
- The Birkett Mills
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| 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- Source, Form, Application, Region |
| Breakup by Source | Organic, Non Organic |
| Breakup by Form | Groats, Flour, Flakes, Others |
| Breakup by Application | Food and Beverages, Animal Feed, Cosmetic and Personal Care, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Archer Daniels Midland Company (ADM), Wilmar International Limited, Skvyrskyi Grain Processing Factory Ltd, Bob’s Red Mill Natural Foods, Minn-Dak Growers Ltd., Bulk Barn Foods Limited, The Birkett Mills, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Buckwheat Market Analysis
8.1 Key Industry Highlights
8.2 Global Buckwheat Historical Market (2018-2023)
8.3 Global Buckwheat Market Forecast (2024-2032)
8.4 Global Buckwheat Market by Source
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non Organic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Buckwheat Market by Form
8.5.1 Groats
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flour
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Flakes
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Buckwheat Market by Application
8.6.1 Food and Beverages
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Animal Feed
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cosmetic and Personal Care
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Buckwheat Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Buckwheat Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Buckwheat Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Buckwheat Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Buckwheat Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Buckwheat Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Analysis (HS Code- 100810)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Manufacturing Process
18.1 Overview
18.2 Detailed Process Flow
18.3 Operation Involved
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Archer Daniels Midland Company (ADM)
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Wilmar International Limited
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Skvyrskyi Grain Processing Factory Ltd
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Bob’s Red Mill Natural Foods
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Minn-Dak Growers Ltd.
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Bulk Barn Foods Limited
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 The Birkett Mills
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Others
20 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Buckwheat Market: Key Industry Highlights, 2018 and 2032
2. Global Buckwheat Historical Market: Breakup by Source (Million Tons), 2018-2023
3. Global Buckwheat Market Forecast: Breakup by Source (Million Tons), 2024-2032
4. Global Buckwheat Historical Market: Breakup by Form (Million Tons), 2018-2023
5. Global Buckwheat Market Forecast: Breakup by Form (Million Tons), 2024-2032
6. Global Buckwheat Historical Market: Breakup by Application (Million Tons), 2018-2023
7. Global Buckwheat Market Forecast: Breakup by Application (Million Tons), 2024-2032
8. Global Buckwheat Historical Market: Breakup by Region (Million Tons), 2018-2023
9. Global Buckwheat Market Forecast: Breakup by Region (Million Tons), 2024-2032
10. North America Buckwheat Historical Market: Breakup by Country (Million Tons), 2018-2023
11. North America Buckwheat Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Europe Buckwheat Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Europe Buckwheat Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Asia Pacific Buckwheat Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Asia Pacific Buckwheat Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Latin America Buckwheat Historical Market: Breakup by Country (Million Tons), 2018-2023
17. Latin America Buckwheat Market Forecast: Breakup by Country (Million Tons), 2024-2032
18. Middle East and Africa Buckwheat Historical Market: Breakup by Country (Million Tons), 2018-2023
19. Middle East and Africa Buckwheat Market Forecast: Breakup by Country (Million Tons), 2024-2032
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Buckwheat Market Structure
Key Questions Answered in the Report
In 2023, the global buckwheat market attained a production volume of nearly 4.84 million tons.
The market is projected to grow in terms of value at a CAGR of 4% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising health consciousness, the growing use of its extract in a variety of food products as an additive, diversified use of buckwheat extract in herbal formulations, changing lifestyles of the consumers, and rising prevalence of lifestyle-related diseases, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing demand for superfoods and the rising penetration of e-commerce platforms.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of buckwheat in the market are organic and non organic.
The major forms of buckwheat in the industry are groats, flour, and flakes, among others.
The significant application segments in the market are food and beverages, animal feed, and cosmetic and personal care, among others.
The major players in the industry are Archer Daniels Midland Company (ADM), Wilmar International Limited, Skvyrskyi Grain Processing Factory Ltd, Bob’s Red Mill Natural Foods, Minn-Dak Growers Ltd., Bulk Barn Foods Limited, and The Birkett Mills, among others.
Analyst Review
The global buckwheat market attained a production volume of 4.84 million tons in 2023, driven by the rising health consciousness. Aided by the growing demand for superfoods, the market is expected to witness a moderate growth in terms of value in the forecast period of 2024-2032, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By source, the market is divided into organic and non organic. Based on form, the industry is segmented into groats, flour, and flakes, among others. On the basis of application, the market is categorised into food and beverages, animal feed, and cosmetic and personal care, among others. The major regional markets for buckwheat are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company (ADM), Wilmar International Limited, Skvyrskyi Grain Processing Factory Ltd, Bob’s Red Mill Natural Foods, Minn-Dak Growers Ltd., Bulk Barn Foods Limited, and The Birkett Mills, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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