Worldwide Wheat Market Size was valued at US$ 127.7 Billion in 2021
Wheat demand has been increasing steadily for several years, and it is expected to continue in the next years. Surprisingly, the food business is driving the global wheat market, which is quickly expanding across all regions as people's disposable income rises. Furthermore, the expanding need for wheat is supported by the rapidly growing population, which has increased demand for both wheat and its starch, as well as globalisation, which has increased the predominance of processed food. The growing demand for personal care products such as dry shampoo, cleansers, and lotions is boosting the wheat starch market, as well as the broader wheat market.
COVID-19 Impact on Global Wheat Market:
Imposing trade restrictions in reaction to the COVID-19 epidemic had a significant negative impact on food security around the world, notably for cereals like wheat. At the beginning of the COVID-19 eruption, there was panic buying all around the world, as fears grew that supply chains would struggle to operate in the new climate. Wheat prices are projected to climb in many regions of the world due to limited supply due to export limitations imposed by key grain exporting countries. Aside from supply chain disruptions, the wheat industry overcame market challenges in 2021. According to the publisher, Global Wheat Industry is expected to expand at a CAGR of 4.8% during 2021-2027.
Global Consumption and Production Trends in Wheat Industry:
Due to the high consumption of wheat flour in everyday meals and the country's vast wheat production capacity, China's wheat consumption market is predicted to develop during the forecast period. Furthermore, China, the European Union, and India are among the world's top wheat producers. The presence of an entrenched food and beverage sector and increased spending by enterprises on the development of innovative wheat flour products are primarily responsible for expanding the wheat production market in China.
The Top Importing Countries Collectively Expands the Global Wheat Market:
In our report, Egypt, Indonesia, Turkey, Brazil, Philippines, Bangladesh, Algeria, Japan, Morocco, and Mexico are among the top importing countries in the globe. Furthermore, according to our research, Egypt, Indonesia, and Turkey are the top three importing countries, owing to customers' increasingly hectic lifestyles. Furthermore, customers are gradually adjusting their preferences toward convenience foods, which saves their cooking time and provides them with instant food, raising demand for wheat and, as a result, the global wheat market.
Key Market Players:
Archer Daniels Midland, Tate and Lyle, General Mills, Inc., MGP Ingredients Inc., and Kerry Group are among the important players profiled in the analysis. The major stakeholders are working to increase wheat production in order to meet expanding global demand. Furthermore, the wheat market is being accelerated by new technology implemented by important participants in agricultural techniques and government backing.
This report titled Global Wheat Market & Volume By Consumption (Market & Volume (China, European Union, India , Russian Federation, United States of America, Pakistan, Egypt, Turkey, Iran, Brazil and Others), Production (China, European Union, India, Russian Federation, United States of America, Canada, Pakistan, Ukraine, Australia, Argentina and Other countries), Import (Egypt, Indonesia, Turkey, Brazil , Philippines, Bangladesh, Algeria , Japan , Morocco, Mexico), Export (Russian Federation, European Union, United States of America, Canada, Ukraine, Australia, Argentina, Kazakhstan, Turkey, India), Wheat Utilization (Food use, Feed use and Other uses ), Company Analysis (Archer Daniels Midland, Tate and Lyle, General Mills, Inc., MGP Ingredients Inc., and Kerry Group)" provides complete study of Global Wheat Industry.
Consuming Countries - Market & Volume breakup 10 countries:
1. China
2. European Union
3. India
4. Russian Federation
5. United States
6. Pakistan
7. Egypt
8. Turkey
9. Iran
10. Brazil
Producing Countries - Volume breakup 10 countries:
1. China
2. European Union
3. India
4. Russian Federation
5. United States of America
6. Canada
7. Pakistan
8. Ukraine
9. Australia
10. Argentina
Importing Countries - Volume breakup 10 countries:
1. Egypt
2. Indonesia
3. Turkey
4. Brazil
5. Philippines
6. Bangladesh
7. Algeria
8. Japan
9. Morocco
10. Mexico
Exporting Countries - Volume breakup 10 countries:
1. Russian Federation
2. European Union
3. United States of America
4. Canada
5. Ukraine
6. Australia
7. Argentina
8. Kazakhstan
9. Turkey
10. India
Wheat Utilization - Volume breakup from 3 Viewpoints
1. Food use
2. Feed use
3. Other uses
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Company Analysis:
1. Archer Daniels Midland
2. Tate and Lyle
3. General Mills, Inc.
4. MGP Ingredients Inc.
5. Kerry Group
What is the estimated value of the Global Wheat Market?
What is the growth rate of the Global Wheat Market?
What is the forecasted size of the Global Wheat Market?
Who are the key companies in the Global Wheat Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 127.7 Billion |
| Forecasted Market Value ( USD | $ 169.1 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Archer Daniels Midland
- Tate and Lyle
- General Mills, Inc.
- MGP Ingredients Inc.
- Kerry Group
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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