Wheat Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Share, Outlook, Impact of COVID-19, Opportunity Company Analysis

Wheat Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Share, Outlook, Impact of COVID-19, Opportunity Company Analysis

The Global Wheat Market is estimated to reach US$ 169.1 Billion in 2027. Wheat is a major global crop in terms of acreage and tradeable value, as well as a staple in many people's diets. It is the most important type of temperate-zone cereal, the grain of which is crushed to make flour for items such as bread, pasta, and pastry, among others. Wheat demand is stronger among the middle class, which has a big impact on the sector. Furthermore, the crop is a staple meal in many parts of the world, particularly in India and other Asian countries.

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 Renub Research, 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 our 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.

Renub Research 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