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The global wheat market reached a consumption volume of around 734.7 million metric tons in 2020. The consumption is expected to grow at a CAGR of 2.7% in the forecast period of 2023-2028.
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The major wheat producing regions include the European Union, China, India, Russia, and the United States, with the European Union accounting for a fifth of the total global wheat output. Russia, along with the European Union, the United States, Canada, and Australia exports large volumes of the crop to the other regions. Russia is the leading exporter of the crop, accounting for nearly 18.5% of the total global exports of the crop. The output level especially in Russia and the European Union is rising owing to consumption growth and low harvest in the United States. The growing end-use sectors in South East Asia and potential export growth in Russia are providing a push to the production growth and boosting the supply share globally.
The major consuming regions for wheat include the European Union, accounting for nearly 45% of the global consumption. Other major consumers of wheat include China, India, Russia, and the United States. The European Union also imports wheat in order to meet the regional demand. Egypt, Indonesia, Brazil, and Algeria are among the major importing regions.
The global wheat market is being aided by the growing wheat starch market, which reached a volume of around 5 million metric tons in 2020. The starch market is likely to witness a steady growth in the coming years, which is expected to further propel the demand for wheat. The major wheat starch producing regions are France, the United States, the Netherlands, the United Kingdom, Australia, Belgium, Canada, China, and Japan.
Wheat is an essential type of cereal cultivated in temperate regions, the grain of which is crushed to produce flour for making products like bread, pasta, and pastry, among others. Wheat is cultivated in a larger area when compared to other crops and is also a major source of carbohydrates. In addition, it is rich in major nutrients like protein, dietary fibre, manganese, phosphorus, and vitamin B.
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The market for wheat, based on type, is divided into:
Hard red winter (HRW) is the leading type of the crop, accounting for 40% of the total production. It is commonly used in the production of bread.
Based on application, the market is segmented into:
The EMR report also covers the regional markets of wheat like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global wheat market is being driven by the demand from the food sector, which is rapidly growing across all the regions with the increasing disposable income of the population, especially in the developing nations like India and China. With globalisation, the prevalence of processed food has seen a faster growth and, thus, is driving the demand for wheat. The crop is a staple food product in many regions, especially in India, among other Asian countries.
The growing demand for the product is being aided by the rapidly rising population, which has an increasing demand for both wheat and its starch. The global wheat market is being driven by the growing starch market. The demand for wheat starch has been witnessing a healthy growth since many years and the growth is likely to be more in the coming years, owing to the increasing popularity of processed food. Wheat starch is also in demand among health-conscious people due to the product being gluten-free and low in calorie-content. Additionally, wheat also provides protein, vitamin B, dietary fibre, and phytochemicals. The increasing demand for personal care products including dry shampoo, cleansers, and lotions, is further pushing the wheat starch market, and thus, driving the overall wheat market growth.
The growing demand for animal feed is also providing an impetus to the market. The demand for processed flour is also rising due to the growing food and beverage sector. The increasing utilisation of wheat in the production of processed foods owing to its unique viscoelastic and adhesive properties is likely to aid the market.
The increasing import and export of wheat are accelerating the market development. Also, the government initiatives to boost the production of wheat in order to make the country self-sufficient and improve food security are resulting in the market expansion. For instance, the National Food Security Mission (NFSM) in India aims to increase the production of wheat and other food grains through productivity enhancement and soil fertility restoration. The efforts taken to provide novel and improved crop production technologies and the distribution of high yielding varieties/hybrid seeds are expected to augment the market growth over the forecast period.
The report gives a detailed analysis of the following key players in the global wheat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region|
|Breakup by Type||Hard Red Winter (HRW), Hard Red Spring (HRS), Soft Red Winter (SRW), White Wheat, Durum Wheat|
|Breakup by Application||Feed, Food, Industrial, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Wheat Market Analysis
8.1 Key Industry Highlights
8.2 Global Wheat Historical Market (2018-2022)
8.3 Global Wheat Market Forecast (2023-2028)
8.4 Global Wheat Market by Type
8.4.1 Hard Red Winter (HRW)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.4.2 Hard Red Spring (HRS)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.4.3 Soft Red Winter (SRW)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.4.4 White Wheat
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.4.5 Durum Wheat
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5 Global Wheat Market by Application
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.6 Global Wheat Market by Region
8.6.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code – 1001)
11.1 Major Importing Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Exporting Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Cargill, Incorporated
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.2 Archer Daniels Midland Company
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14.2.3 Roquette Frères
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.4 The Tereos Group
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14.2.5 Tate and Lyle PLC
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14.2.6 AGRANA Beteiligungs-AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Wheat Market: Key Industry Highlights, 2018 and 2028
2. Global Wheat Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Wheat Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Wheat Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Wheat Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Wheat Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Wheat Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Wheat Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Wheat Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Wheat Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Wheat Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Wheat Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Wheat Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Wheat Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Wheat Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Wheat Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Wheat Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Wheat Market Structure
The global wheat starch market reached a volume of 6.3 million tons in 2020.
The market is projected to grow at a CAGR of nearly 1.1% in the forecast period of 2023-2028.
The market is estimated to reach a volume of 6.7 million tons by 2026.
The major drivers of the industry include the rising disposable incomes, increasing population, and rising demand for low-calorie sweeteners and gluten-free food.
The overall rise in starch production and consumption is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.
The major types of the product include native starch and modified starch.
The end-use sectors include sweeteners, fuel, paper and textiles, and food, among others.
The leading players in the global wheat starch market are Cargill Incorporated, ADM, Roquette Freres, Tereos, AGRANA Beteiligungs-AG, and Tate and Lyle, among others.
The global wheat market attained a consumption volume of nearly 734.7 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.7%. The industry is projected to reach a consumption volume of around 861.5 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the global wheat market can be segmented into hard red winter (HRW), hard red spring (HRS), soft red winter (SRW), white wheat, and durum wheat, with hard red winter (HRW) leading the market with a 40% market share. On the basis of application, the industry can be divided into feed, food, and industrial, with food and industrial sectors dominating the application sectors. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the wheat market.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand for starch-based food, rising middle class population, and growing food industry are driving the growth of the industry globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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