The global Wheat market reached a volume of about 765.4 MT in 2021. The industry is projected to grow at a CAGR of around 1.02% in the forecast period of 2022-2027 to reach a volume of about 813.2 MT by 2027.
The global Wheat industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the extensive application of the product in producing many edible goods. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
Wheat is the grass commonly farmed for its seed, a cereal grain that is a staple diet worldwide. The wheat kernel is a fruit known as a caryopsis in botany. It's a type of grain used to manufacture flour for bread, cookies, and other baked goods — shredded wheat and whole wheat. The Wheat industry report comprises segments by type (native starch and modified starch), end-use (sweeteners, fuel, paper, textiles, and food) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The Asia Pacific region holds a significant share in the industry. In wheat production and consumption, China and India dominate the Asia-Pacific area. After rice, wheat is an important staple crop in Asian nations, and it's used to make bread and flatbread, as well as noodles and pasta, among other things. With expanding population and rising food demand, wheat consumption is increasing rapidly.
The market is being driven by the growing use of wheat in various cuisines and processing industries for the manufacturing of goods such as flour, pasta, noodles, and beverages and rising food demand. The rising population, paired with increased demand for both wheat and its starch, is driving up demand for the commodity. Wheat starch is also popular among health-conscious individuals since it is gluten-free and low in calories. The need is more robust among the middle class, significantly impacting the sector. Wheat flour is also less costly than flour manufactured from other grains, making it accessible to people from all socioeconomic backgrounds. Also, the growing demand for personal care items such as dry shampoo, cleansers, and lotions propels the wheat starch industry, and consequently the broader wheat market, forward.
However, several constraints, such as greater knowledge of gluten allergies or sensitivity, will likely hamper the market growth.
The global Wheat industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Wheat regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
The flour mill receives the wheat and inspects it; then, its samples are collected for physical and chemical examination. The protein content of the grain is the essential component in determining its grade. The wheat is kept in silos alongside grain of the same quality until milling. Wheat must be clear of foreign materials before processing into flour. This necessitates a variety of cleaning procedures. It's rinsed in warm water before being spun dry in a centrifuge. The wheat of various grades and moisture levels is mixed to produce a grain batch with the properties required to generate the flour in question. The grains are then crushed between two massive metal rollers called breaker rolls. After milling, small quantities of bleaching and oxidising chemicals are frequently added to the flour. Vitamins and minerals are added as needed by law to make enriched flour. To make self-rising flour, leavening agents and salt are added. After one or two months of maturing, the flour is packaged.
The industry is aided by the widespread use of the commodity in cosmetics and personal care, pharmaceutical, animal feed, and nutritional supplement industries. The increasing need for animal feed is also propelling the sector forward. The growing food and beverage sectors drive up demand for processed flour, increasing the wheat market. Wheat is currently used to make adhesives, bioplastics, and paper, boosting sales in the sector. To meet the growing demand, manufacturers are increasing wheat output. Wheat production is accelerated by new technology in agricultural practices and government backing. As a result, the industry is witnessing further growth.
The regional markets for the industry can be divided into Europe, North America, South America, the Asia Pacific, and the Middle East and Africa.
To meet the growing demand, manufacturers are boosting wheat output. Wheat production is accelerated by new technology in agricultural practices and government backing. Wheat is also being used more in the food and beverage business. The wheat flour industry is divided, with several small and big manufacturers working in both coordinated and unregulated markets.
1. Executive Summary
2. Wheat Industry Snapshot
2.1. Wheat Market Outlook
2.2. Wheat Industry Analysis by Application
2.2.1. Food and Industrial
2.2.2. Feed and Residual
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Wheat Value Chain Analysis
5. Wheat Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Wheat Cost Structure
9. Wheat Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Wheat Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Archer Daniels Midland Company
14.2. Cargill Inc.
14.3. Tate & Lyle Plc
14.4. Ingredion Inc.
14.5. Roquette Freres S.A
14.6. Tereos S.A
The global Wheat market size was valued at 765.4 MT in 2021.
As per the application provided, the food segment is anticipated to lead the market between 2021 and 2027.
The significant demand for wheat to produce various edible goods is one of the essential drivers of the Wheat market growth.
Archer Daniels Midland (ADM), Cargill Inc, Tate & Lyle Plc, Ingredion Inc, Roquette Freres, and Tereos SA are some of the key players in the market.
The Asia Pacific region of the Wheat industry holds a significant share in the market.
The global Wheat market attained a value of 765.4 MT in 2021, driven by the growing use of wheat in various cuisines and processing industries for the manufacturing of goods such as flour, pasta, noodles, and beverages rising food demand. Furthermore, the growing demand for the wheat starch industry is propelling the market forward. The sector is aided by the widespread use of the commodity in cosmetics and personal care, pharmaceutical, animal feed, and nutritional supplement industries furthering the industry's expansion. Aided by the new technology in agricultural practices and government backing, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 1.02%. The market is projected to reach 813.2 MT by 2027. A few of the prominent players in the business are Archer Daniels Midland (ADM), Cargill Inc, Tate & Lyle Plc, Ingredion Inc, Roquette Freres, and Tereos SA.
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