Buckwheat Market Size - By Source (Organic, Conventional) By Form (Groats, Flour, Flakes, Others) By Application (Food & Beverages, Animal Feed, Personal care & cosmetics, Others) & Global Forecast, 2024-2032

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.
 

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.

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.
 

COVID-19 Impact

The COVID-19 pandemic has left a significant mark on the buckwheat industry, affecting it in several ways. Supply chains faced disruption due to lockdowns and restrictions, leading to delays in the transportation and distribution of buckwheat products. Labor shortages in agricultural regions, brought about by illness and quarantine measures, hindered planting, harvesting, and processing, potentially reducing yields and production. Consumer demand patterns fluctuated as lockdowns persisted, impacting the demand for buckwheat-based products, particularly in the restaurant and foodservice sectors.
 

Buckwheat Market Trends

Buckwheat is considered a nutritious grain due to its high protein content, essential amino acids, dietary fiber, and antioxidants. Health-conscious consumers were increasingly incorporating buckwheat into their diets, driving demand.
 

Buckwheat Market Analysis

Based on source, the conventional segment dominated around USD 430 million revenue in 2022. Conventional buckwheat products are more widely available and often less expensive than organic alternatives. Many consumers are price-conscious and opt for conventional products because they are more affordable.
 

Based on form, the groat segment accounted for 39.6% of the buckwheat market share in 2022. Buckwheat groats are highly nutritious. They are rich in protein, dietary fiber, vitamins (particularly B vitamins), and minerals (such as magnesium and manganese). This nutritional profile has drawn the attention of health-conscious consumers who seek foods with beneficial health properties.
 

Based on application, food and beverage segment held over 64.5% of the buckwheat market share in 2022. Buckwheat is versatile and can be used in a variety of culinary applications. It can be found in products like buckwheat flour, noodles (soba noodles), pancakes, cereals, and more. The culinary diversity of buckwheat makes it appealing to both consumers and food manufacturers.
 

The Asia Pacific buckwheat market size reached USD 290 million in the year 2022. Buckwheat is highly valued for its nutritional benefits in the Asia-Pacific region. It is rich in protein, dietary fiber, vitamins, and minerals, making it a valuable dietary component, especially in areas where plant-based diets are common.
 

Buckwheat Market Share

Major companies operating in the buckwheat industry includes:

• 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.
• Bulk Barn Foods Limited
• The Birkett Mills

The companies are undergoing various strategic initiatives, such as mergers and acquisitions, partnerships, collaborations.
 

ADM plays a pivotal role in transforming crops into an array of products used in food, animal feed, industrial, and energy markets. The company operates an extensive network of agricultural assets, including a vast supply chain, processing plants, and distribution centres worldwide. The company is renowned for its innovation and expertise in the procurement, transportation, and processing of agricultural commodities like grains, oilseeds, and more. It supplies a diverse range of food and beverage manufacturers with high-quality ingredients, from sweeteners and starches to oils and proteins.
 

Buckwheat Industry News

• In May 2023, ADM announced that it has reached an agreement to acquire D.C.A. Finance B.V.
   

The market research report of buckwheat includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tonnes) from 2018 to 2032, for the following segments:

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 Market, By Source

• Organic
• Conventional

Market, By Form

• Groats
• Flour
• Flakes
• Others

Market, By Application

• Food & Beverages
• Animal Feed
• Personal care & cosmetics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Egypt