The “All India Wheat Survey Report 2023-2024” has been featured on ResearchAndMarkets.com, highlighting substantial growth in India’s wheat market. Wheat, crucial for national food security, is projected to reach 111.32 million tonnes in production for 2023-24, up from 109.52 million tonnes the previous year, driven by improved agricultural practices, high-yielding varieties, and supportive policies.
Looking ahead, the market is expected to expand further, reaching 120 million tonnes by 2028, supported by infrastructure investments, technological advancements in irrigation, and government subsidies. Noteworthy trends include precision farming, sustainable practices, and cultivation in new regions.
Wheat’s significance in food security drives its market growth, given its nutritional value and widespread use in diverse diets. North Indian states dominate, with Uttar Pradesh leading growth forecasts. Key regions covered include Gujarat, Bihar, Haryana, Madhya Pradesh, Uttar Pradesh, West Bengal, Punjab, Maharashtra, and Rajasthan, collectively representing 90% of India’s wheat acreage.
The rise of e-commerce platforms is set to boost market expansion, offering convenient access to wheat products. Innovations in fortified wheat, addressing nutritional needs, cater to health-conscious consumers and foster market dynamism.
Leading players are actively innovating to enhance yield, quality, and sustainability, bolstering market competitiveness. The report aids stakeholders, policymakers, and investors in informed decision-making, underpinning strategic planning and policy formulation in India’s dynamic wheat industry.
