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Global Wheat Market Price, Size, Share, Growth, Analysis, Outlook, Forecast: By Type: Whole/Raw, Flour, Others; By Application: Feed, Food, Biofuel, Others; Regional Analysis; Market Dynamics: SWOT Analysis: Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Wheat Market Outlook
The global wheat market reached a consumption value of around USD 153.2 billion in 2022 . The consumption is expected to grow at a CAGR of 5.3% in the forecast period of 2023-2028.
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China, India, and Russia Leading the Market in Terms of Wheat Production
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.
Market Segmentation
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:
- Whole/Raw
- Flour
- Others
Based on application, the market is segmented into:
- Feed
- Food
- Biofuel
- Others
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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Growing Food Demands to Drive the Market Growth of Wheat
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.
Key Players in the Global Market for Wheat
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:
- Nisshin Flour Milling INC.
- Siemer Milling Company
- Miller Milling Company
- Grain Craft
- General Mills
- ITC Limited
- Ardent Mills
- Farm Fresh Wheat
- Sunnyland Mills
- Bay State Milling Company
- Others
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.
Key Highlights of the Report
| Report Features | Details |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Trade Data Analysis |
|
| Competitive Landscape |
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| Competitive Landscape |
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| 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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wheat Market Analysis
8.1 Key Industry Highlights
8.2 Global Wheat Historical Production (2018-2022)
8.3 Global Wheat Production Forecast (2023-2028)
8.4 Global Wheat Historical Consumption (2018-2022)
8.5 Global Wheat Consumption Forecast (2023-2028)
8.6 Global Wheat Market by Type
8.6.1 Whole/Raw
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Flour
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Wheat Market by Application
8.7.1 Feed
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Food
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Biofuel
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Wheat Market by Region
8.8.1 North America
8.8.1.1 Historical Production (2018-2022)
8.8.1.2 Production Forecast (2023-2028)
8.8.1.3 Historical Consumption (2018-2022)
8.8.1.4 Consumption Forecast (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Production (2018-2022)
8.8.2.2 Production Forecast (2023-2028)
8.8.2.3 Historical Consumption (2018-2022)
8.8.2.4 Consumption Forecast (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Production (2018-2022)
8.8.3.2 Production Forecast (2023-2028)
8.8.3.3 Historical Consumption (2018-2022)
8.8.3.4 Consumption Forecast (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Production (2018-2022)
8.8.4.2 Production Forecast (2023-2028)
8.8.4.3 Historical Consumption (2018-2022)
8.8.4.4 Consumption Forecast (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Production (2018-2022)
8.8.5.2 Production Forecast (2023-2028)
8.8.5.3 Historical Consumption (2018-2022)
8.8.5.4 Consumption Forecast (2023-2028)
9 North America Wheat Market Analysis
9.1 Market by Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2022)
9.3.1.2 Forecast Trend (2023-2028)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2022)
9.3.2.2 Forecast Trend (2023-2028)
10 Europe Wheat Market Analysis
10.1 Market by Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2022)
10.3.1.2 Forecast Trend (2023-2028)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2022)
10.3.2.2 Forecast Trend (2023-2028)
10.3.3 France
10.3.3.1 Historical Trend (2018-2022)
10.3.3.2 Forecast Trend (2023-2028)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2022)
10.3.4.2 Forecast Trend (2023-2028)
10.3.5 Others
11 Asia Pacific Wheat Market Analysis
11.1 Market by Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2022)
11.3.1.2 Forecast Trend (2023-2028)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2022)
11.3.2.2 Forecast Trend (2023-2028)
11.3.3 India
11.3.3.1 Historical Trend (2018-2022)
11.3.3.2 Forecast Trend (2023-2028)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2022)
11.3.4.2 Forecast Trend (2023-2028)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2022)
11.3.5.2 Forecast Trend (2023-2028)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2022)
11.3.6.2 Forecast Trend (2023-2028)
11.3.7 Others
12 Latin America Wheat Market Analysis
12.1 Market by Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2022)
12.3.1.2 Forecast Trend (2023-2028)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2022)
12.3.2.2 Forecast Trend (2023-2028)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2022)
12.3.3.2 Forecast Trend (2023-2028)
12.3.4 Others
13 Middle East and Africa Wheat Market Analysis
13.1 Market by Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2022)
13.3.1.2 Forecast Trend (2023-2028)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2022)
13.3.2.2 Forecast Trend (2023-2028)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2022)
13.3.3.2 Forecast Trend (2023-2028)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2022)
13.3.4.2 Forecast Trend (2023-2028)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 1001)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Nisshin Flour Milling INC.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Siemer Milling Company
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Miller Milling Company
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Grain Craft
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 General Mills
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 ITC Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Ardent Mills
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Farm Fresh Wheat
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Sunnyland Mills
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Bay State Milling Company
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wheat Market: Key Industry Highlights, 2018 and 2028
2. Global Wheat Historical Market: Breakup by Type (MMT), 2018-2022
3. Global Wheat Market Forecast: Breakup by Type (MMT), 2023-2028
4. Global Wheat Historical Market: Breakup by Application (MMT), 2018-2022
5. Global Wheat Market Forecast: Breakup by Application (MMT), 2023-2028
6. Global Wheat Historical Market: Breakup by Region (MMT), 2018-2022
7. Global Wheat Market Forecast: Breakup by Region (MMT), 2023-2028
8. North America Wheat Historical Market: Breakup by Country (MMT), 2018-2022
9. North America Wheat Market Forecast: Breakup by Country (MMT), 2023-2028
10. Europe Wheat Historical Market: Breakup by Country (MMT), 2018-2022
11. Europe Wheat Market Forecast: Breakup by Country (MMT), 2023-2028
12. Asia Pacific Wheat Historical Market: Breakup by Country (MMT), 2018-2022
13. Asia Pacific Wheat Market Forecast: Breakup by Country (MMT), 2023-2028
14. Latin America Wheat Historical Market: Breakup by Country (MMT), 2018-2022
15. Latin America Wheat Market Forecast: Breakup by Country (MMT), 2023-2028
16. Middle East and Africa Wheat Historical Market: Breakup by Country (MMT), 2018-2022
17. Middle East and Africa Wheat Market Forecast: Breakup by Country (MMT), 2023-2028
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. Global Wheat Market Structure
Key Questions Answered in the Report
The global wheat starch market reached a value of around USD 153.2 billion in 2022.
The market is projected to grow at a CAGR of nearly 5.3% in the forecast period of 2023-2028.
The market is estimated to reach a value of USD 208.85 million by 2028.
The major drivers of the market 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.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The major types of the product include whole/raw and flour, among others.
The major applications include feed, food, and biofuel, among others.
The leading players in the global wheat market are Nisshin Flour Milling INC., Siemer Milling Company, Miller Milling Company, Grain Craft, General Mills, ITC Limited, Ardent Mills, Farm Fresh Wheat, Sunnyland Mills, and Bay State Milling Company, among others.
Analyst Review
The global wheat market attained a consumption value of around USD 153.2 billion in 2022. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.3%. The industry is projected to reach a consumption value of around 208.85 million by 2028.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. The major types of wheat in the market include whole/raw and flour, among others. The major applications include feed, food, and biofuel, among others. The major applications include feed, food, and biofuel, among others. 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.
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