The global wheat market is experiencing significant growth and is expected to continue this trend over the next few years. Wheat is consumed as a staple food in most countries. Wheat is a grass that is commonly grown for its seed, a grain that is a staple food worldwide. The genus Triticum comprises several types of wheat combined, the most common of which is common wheat (T. aestivum). Botanically, the grain of wheat is a type of fruit known as a caryopsis. Wheat is grown on more arable land than any other type of food crop. World trade in wheat is higher than that of all other cereals combined. Various types of wheat are grown and sold in the market, such as einkorn wheat, durum wheat, common wheat, durum wheat winter wheat, hard sprint winter wheat, soft wheat winter wheat and durum wheat. The amount of nutrients in wheat varies depending on the variety. The common nutrients found in all types of wheat are protein, thiamine, riboflavin, niacin, vitamin B6, carotene alpha, carotene beta, vitamin A, lutein, zeaxanthin, and minerals like iron, zinc, phosphorus, potassium, and manganese.
Market size and structure analysis
|Report measured value||details|
|Market size available for years||2020-2027|
|Base year taken into account||2019|
|Forecast unit||Value ($ USD)|
|Covered segments||Type, application, industry and region|
|Regions Covered||North America (USA, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and rest of Europe), Asia Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia and the rest of Asia Pacific) and LAMEA (Middle East, Brazil, and Rest of LAMEA)|
|Covered companies||Farmers Grain Company, Wudeli Flour Mill Group, Ardent Mills LLC, Archer Daniels Midland Company, General Mills, Allied Pinnacle Pty Limited, Manildra Milling Pvt Ltd. Acarsan Flour, Korfez Flour Mills, George Weston Foods Ltd. and Hodgson Mill Inc.|
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COVID-19 scenario analysis
The global COVID-19 outbreak has had a severe impact on all economic sectors. The COVID-19 outbreak created a medical emergency that is driving demand for food, hygiene products, and medical devices. In addition, sales of traditional, healthy, and staple foods have increased significantly during this pandemic. Frozen non-vegetarian foods, fruits and vegetables, eggs, legumes, flour and whole grains continue to experience increased demand. However, sales of non-essential products such as packaged foods, coffee, pastries, milkshakes, candy, chocolate, cheese and other baked goods have declined. In addition, the lockdown imposed in various countries has hampered the production and supply chain of wheat producers. In addition, consumer purchasing behavior may change permanently after COVID-19. On the contrary, businesses need to put in place a robust sales plan for recovery, for example, they may need to add ecommerce platforms and omnichannel to their supply chain.
The most important influencing factors: market scenario analysis, trends, drivers and impact analysis
The main drivers of the wheat market are the global consumption of wheat combined with population growth. In addition, the rise in public health awareness has led to an increase in wheat consumption and a decrease in junk food consumption. Wheat is used to make cookies, cakes, flatbreads, sauces, bread, muffins, noodles, pastries, granola bars, sweet and savory snacks, noodles, crackers, crispbreads and other confectionery products, which boosts demand worldwide.
The organically grown wheat segment is expected to dominate the dates market in the forecast years as there has been increased awareness of the health benefits of organic foods.
Additionally, the widespread use of wheat in the food and beverage, cosmetic and personal care, pharmaceutical, animal feed, and nutritional supplement industries will help the market remain profitable for years to come. In addition, wheat flour is now also used to manufacture adhesives, bioplastics and paper.
The global wheat market trends are as follows:
New product launches to conquer the market
Manufacturers are busy ramping up wheat production to meet growing demand. New technologies in cultivation techniques and government support are accelerating wheat production. In addition, the use of wheat in the food and beverage industry has increased. Nestlé, for example, launched Maggie Atta Noodle to serve health-conscious customers. In August 2019, Arcadia planned to introduce value-added wheat commercially. It announced that it would introduce “good wheat” as a retail flour with reduced allergenicity and high protein content in wheat flour.
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Covered key segments
Main advantages of the report
- This study presents the analytical representation of the global wheat industry along with the current trends and future estimates to determine the investment pockets ahead.
- The report provides information about the key drivers, restraints, and opportunities along with a detailed analysis of the global Wheat Market Share.
- The current market will be analyzed quantitatively from 2020-2027 to highlight the growth scenario of the global wheat market.
- Porter’s Five Forces Analysis illustrates the potency of buyers and suppliers in the marketplace.
- The report offers a detailed market analysis depending on the intensity of competition and the structure of the competition in the coming years.
Questions Answered In Global Wheat Market Research Report:
- Which are the leading manufacturers in the global wheat market?
- Which current trends will influence the market in the next few years?
- What are the driving factors, restraints and opportunities in the market?
- Which future prognoses would help with further strategic steps?
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