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Global Wheat Market is Expected to Grow at a CAGR of 2.7% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Wheat Market Report and Forecast 2021-2026’, the global wheat market reached a volume of 734.7 million metric tons in 2020. The market is likely to increase at a CAGR of 2.7% in the forecast period of 2021-2026 to reach a volume of approximately 861.5 million metric tons by 2026.

The global wheat market is being significantly supported by the growth of the wheat starch market. The major regions that produce significant volumes of wheat starch are the United States, the Netherlands, France, the United Kingdom, Australia, Canada, China, and Japan, among others. Europe is a leading producer of wheat starch. The region also witnesses a healthy wheat output. India and China are also major wheat producing nations.

Wheat is considered to be a staple food product in many Asian as well as Middle Eastern countries. Wheat is one of the most significant staple crops in temperate zones and is witnessing an increasing demand in nations experiencing rapid industrialisation and urbanisation.

In 2020, a significant player in the industry and a major starch producer, Archer Daniels Midland Company (NYSE: ADM) joined hand with General Starch Limited (GSL), another leading starch producer in Thailand. These two companies together will expand their speciality as well as clean label starch portfolio. In 2020, another major producer of wheat starch, Cargill announced its investments of nearly USD 22.5 million in its production facility in Netherlands in order to increase its productivity, which will boost the consumer demand for convenience food. These developments are expected to affect the wheat industry positively.

Market Analysis by Types, Applications, and Regions:

  • The major types of wheat available are hard red winter (HRW), hard red spring (HRS), soft red spring (SRW), white wheat, and durum wheat.
  • Based on application, the market can be divided into feed, and food, and industrial sectors.
  • The regional markets for wheat include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing food industry is aiding the wheat industry growth.
  • The rising population, especially the middle-class is driving the market growth further.
  • The increased purchasing power of the consumers is also propelling the market growth further, especially in developing nations like India and China.
  • The rising urbanisation and globalisation have led to an increased trend of processed food, which is driving the wheat market further.
  • The popularity of wheat as a staple food in India as well as some other Middle Eastern countries is driving the demand growth further.
  • The growing popularity of gluten-free and low-calorie food is aiding the market growth.
  • The increasing application in personal care products and animal feed is fuelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global wheat market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the major regions, types, and applications of the product.
  • The EMR report provides a cost as well as a value chain analysis of the market.
  • It looks into the regional historical (2016-2020) and forecast (2021-2026) price trends of wheat.
  • A trade data analysis has also been provided within the report, covering the volume and value of the major importing and exporting countries.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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