Global Wheat Market Report by Nature (Organic, Conventional), End User - B2B (Food & Beverages, Animal Feed, Industrial Use, Others), B2C (Online, Offline) Countries and Company Analysis,2024-2032

Driving forces for Wheat Market

Boosting the Production of Wheat - One of the main cereal grains grown and consumed worldwide is wheat. It continues to be the primary source of grain food for human consumption, covering more acreage than any other commercial crop. This is probably due to the fact that wheat can be grown in a wide range of climates, elevations, and soil types.

The Food and Agriculture Organization (FAO) reports that worldwide wheat output in 2020 was 761 million metric tons, a 0.54% decrease from 765.8 million metric tons the year before. However, 219 million hectares of wheat have been harvested overall.

China, India, and Russia produced the most wheat in 2020—134.2 million metric tons, 107.6 million metric tons, and 85.9 million metric tons, respectively—accounting for 43% of the world's total production. The remaining 31.8% of the total came from these nations, which were followed by the US, Canada, France, Pakistan, Ukraine, Germany, Turkey, Argentina, and Australia. These are a few of the major variables that are propelling the world wheat market.

Growing Vegan Population – The increasing number of vegans is one of the main drivers propelling the industry. According to market growth data, the current veganism trend has greatly contributed in the growing demand for wheat-based protein supplements. Globally, more and more individuals are embracing vegan lifestyles as they become more aware of the many health advantages of vegan diets. Furthermore, it is projected that a growing proportion of consumers are choosing plant-based diets over animal-based ones, with Millennials being the group most likely to follow this trend.

Furthermore, more people are becoming vegans in nations like the US and Canada. Furthermore, the percentage of Millennials choosing veganism is rising in these countries. In addition, a growing number of Mexico's younger population is choosing to lead a vegan lifestyle. In addition, countries like the UK, Germany, and France are seeing a rise in the adoption of vegan lifestyles. Therefore, during the market projection era, these variables are driving the market analysis.

North America Wheat Market

A mainstay of household diets, wheat is one of the major commodities in the world in terms of acreage and tradeable value. After maize and soybeans, wheat is the third-most productive field crop in the United States in terms of planted acreage, productivity, and gross farm profits. From a harvested area of 35.5 million acres, American farmers produced 1.6 billion bushels of winter, durum, and other spring wheat in the marketing year 2022. Canada continues to be one of the leading exporters of premium durum wheat worldwide. Approximately seven times as much wheat is harvested in Canada than is consumed there, or about 30 million metric tons, on average.

The main wheat-growing region is the Wheat Belt, which is a section of the Great Plains in North America. Parts of the states of Kansas, Oklahoma, Texas, Nebraska, and Colorado are included in the southern region, which is ideal for growing hard red winter wheat because of its hot, dry summers. Approximately 70% of all wheat produced in the United States is produced during the winter. There are six classes of wheat farmed in the United States. Hard red winter, hard red spring, soft red winter, soft white, hard white, and durum are the six classes that are grown in the US.

Wheat Company Overview

The leading market players in the Wheat market are Cargill, Inc., CHS Inc., Bunge, Glencore, Louis Dreyfus Company, Ardent Mills, The Scoular Company, Syngenta, The Soufflet Group, Adani Wilmar.

Wheat Company News

In October 2023, India pioneered the use of wheat technique known as biological nitrification inhibition, or BNI. In India's Indo-Gangetic area, using BNI technology will help create nitrogen-efficient wheat production systems.

In June 2023, "MN-Rothsay" is the name of a hard red spring wheat cultivar that the University of Minnesota introduced. The novel wheat cultivar possesses a superior combination of robust straw strength, disease resistance, protein content, and yield.

In May 2023, by launching the Amul organic atta, the Gujarat Co-operative Milk Marketing Federation (GCMMF) joined the organic whole wheat flour market. GCMMF's strategic plan to enter the organic atta market is in response to the increased demand from consumers for healthier and more organic food options.

In February 2023, Inari, the SEEDesign firm, and InterGrain, one of Australia's top grain breeding companies, joined forces in a calculated partnership to increase wheat's potential output and strengthen the crop's long-term survival in the country's fast changing climate.

Nature – Global Wheat Market in 2 Viewpoints

1. Organic
2. Conventional

End User - Global Wheat Market in 2 Viewpoints

1.    B2B

I.    Food & Beverages
II.    Animal Feed
III.    Industrial Use
IV.    Others

2.    B2C

I.    Online
II.    Offline

Geography – Global Wheat Market

North America

1. United States
2. Canada

Europe

1. France
2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey

Asia Pacific

1. China
2. Japan
3. India
4. Australia
5. South Korea
6. Thailand
7. Malaysia
8. Indonesia
9. New Zealand

Latin America

1. Brazil
2. Mexico
3. Argentina

Middle East & Africa

1. South Africa
2. Saudi Arabia
3. United Arab Emirates

Company Insights:

• Overviews
• Recent Developments & Strategies
• Revenue

Company Analysis:

1. Cargill, Inc.
2. CHS Inc.
3. Bunge
4. Glencore
5. Louis Dreyfus Company
6. Ardent Mills
7. The Scoular Company
8. Syngenta
9. The Soufflet Group
10. Adani Wilmar

Report Details: