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Wheat Market Report and Forecast 2024-2032

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    Report

  • 190 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921298
According to the report, the global wheat market is projected to grow at a CAGR of 5.3% between 2024 and 2032 reaching a value of approximate USD 248.97 billion by 2032. Aided by the increasing demand for staple food products and the growing applications of wheat in various industries, the market is expected to grow significantly by 2032.

Wheat is a crucial cereal grain that is extensively grown worldwide. It is a primary food source, providing about 20% of the calories consumed globally. Wheat is a versatile crop, primarily used for the production of flour, which forms the basis for a large variety of food products such as bread, pasta, pastries, and noodles. Beyond its extensive culinary applications, wheat also holds substantial importance as a raw material in industries like animal feed, biofuel production, and brewing.

The escalating global population and increased consumer preference for convenience food products are significant drivers of the global wheat market growth. With the growing awareness of the health benefits associated with whole-grain consumption, there has been a notable shift towards whole wheat products, which are rich in dietary fibre, vitamins, and minerals. This is leading to a surge in demand for various wheat-based products.

The booming bakery sector, characterised by an expanding portfolio of bakery products and the rising trend of artisanal and premium baked goods, has further contributed to the increasing popularity of wheat, as it is the primary ingredient in a wide array of these products.

Moreover, the diversifying uses of wheat in various industries play a significant role in influencing the wheat market outlook. In the animal feed sector, wheat is used as a nutritious ingredient in livestock feed formulations. The biofuel sector, on the other hand, utilises wheat for the production of ethanol through fermentation processes.

Furthermore, with increased health consciousness among consumers and awareness regarding the nutritional benefits of whole grains, wheat market demand is witnessing a surge. These include whole wheat bread, pasta, and cereals which are perceived as healthier alternatives to their refined counterparts.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

  • Whole/Raw
  • Flour
  • Others

Market Breakup by Application

  • Feed
  • Food
  • Biofuel
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global wheat market. Some of the major players explored in the report are as follows:
  • 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

Table of Contents

1 Preface2 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 (2018-2023)
8.3 Global Wheat Production Forecast (2024-2032)
8.4 Global Wheat Historical Consumption (2018-2023)
8.5 Global Wheat Consumption Forecast (2024-2032)
8.6 Global Wheat Market by Type
8.6.1 Whole/Raw
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Flour
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Wheat Market by Application
8.7.1 Feed
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Food
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Biofuel
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Wheat Market by Region
8.8.1 North America
8.8.1.1 Historical Production (2018-2023)
8.8.1.2 Production Forecast (2024-2032)
8.8.1.3 Historical Consumption (2018-2023)
8.8.1.4 Consumption Forecast (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Production (2018-2023)
8.8.2.2 Production Forecast (2024-2032)
8.8.2.3 Historical Consumption (2018-2023)
8.8.2.4 Consumption Forecast (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Production (2018-2023)
8.8.3.2 Production Forecast (2024-2032)
8.8.3.3 Historical Consumption (2018-2023)
8.8.3.4 Consumption Forecast (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Production (2018-2023)
8.8.4.2 Production Forecast (2024-2032)
8.8.4.3 Historical Consumption (2018-2023)
8.8.4.4 Consumption Forecast (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Production (2018-2023)
8.8.5.2 Production Forecast (2024-2032)
8.8.5.3 Historical Consumption (2018-2023)
8.8.5.4 Consumption Forecast (2024-2032)
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 (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
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 (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 2032
2. Global Wheat Historical Market: Breakup by Type (MMT), 2018-2023
3. Global Wheat Market Forecast: Breakup by Type (MMT), 2024-2032
4. Global Wheat Historical Market: Breakup by Application (MMT), 2018-2023
5. Global Wheat Market Forecast: Breakup by Application (MMT), 2024-2032
6. Global Wheat Historical Market: Breakup by Region (MMT), 2018-2023
7. Global Wheat Market Forecast: Breakup by Region (MMT), 2024-2032
8. North America Wheat Historical Market: Breakup by Country (MMT), 2018-2023
9. North America Wheat Market Forecast: Breakup by Country (MMT), 2024-2032
10. Europe Wheat Historical Market: Breakup by Country (MMT), 2018-2023
11. Europe Wheat Market Forecast: Breakup by Country (MMT), 2024-2032
12. Asia Pacific Wheat Historical Market: Breakup by Country (MMT), 2018-2023
13. Asia Pacific Wheat Market Forecast: Breakup by Country (MMT), 2024-2032
14. Latin America Wheat Historical Market: Breakup by Country (MMT), 2018-2023
15. Latin America Wheat Market Forecast: Breakup by Country (MMT), 2024-2032
16. Middle East and Africa Wheat Historical Market: Breakup by Country (MMT), 2018-2023
17. Middle East and Africa Wheat Market Forecast: Breakup by Country (MMT), 2024-2032
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

Methodology

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Table Information