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.

United States Wheat Market

The United States is among the leading producers of wheat in the world due to its diversified climatic conditions as well as the incorporation of modern agricultural techniques. Major states producing wheat in the country include Kansas, North Dakota, and Montana, all of which contribute greatly to the total wheat production for the entire United States.Furthermore, there is a sound agricultural infrastructure in the United States whereby there is accessible, technologically advanced storage facilities with efficient processing ability and an established export network. Such support fosters local producers and places the country at an advantageous position regarding wheat. These are some ways through which the U.S. can respond to any kind of demand from its markets and distribute its wheat throughout many countries to remain one of the backbone sources of food security worldwide.

France Wheat Market

France is the foremost producer and exporter of wheat within the continent. Soft wheat is its main crop, a variety mainly used to produce food items such as bread and pastries. Extensive fertile plains are spread out across the country, which, along with the temperate climate, give added impetus to agricultural production. Regions like Île-de-France, with a soil rich in nutrients, and located strategically in respect to urban centers, and Normandy with beneficial climatic tendencies, have become the focal points of wheat productions. France plays a strategic role not only within its borders but also beyond, offering valuable wheat supply lines to European countries and numerous markets in Africa. For this reason, the government emphasizes and incentivizes farmers with subsidies to ensure stable production. Besides, the increasing use of scientific agriculture, precision farming, and better crop management in general have boosted higher yields and a better quality in the wheat.

India Wheat Market

India is among the large wheat-producing countries in the world, adding extensively to the world supply. In terms of production, it has four northern states- Punjab, Haryana, and Uttar Pradesh- as at the top of production, which have fertile soil and a particularly favorable climate for wheat cultivation. Wheat is a staple food for millions of Indian households and is an integral component of the diet for millions of Indians, thus guaranteeing a solid and consistent domestic demand. The Indian government has implemented various policies to support farmers and bolster production, most notably the Minimum Support Price (MSP) system. This initiative helps guarantee a minimum price for wheat, providing farmers with a safety net to secure stable incomes amidst market price fluctuations. However, the sector faces challenges, as unpredictable monsoon patterns and persistent water scarcity can significantly affect crop yields and production consistency.With the growing population of India and the demands for food security, this crop remains a strategic priority with the nation. The government and agricultural experts emphasize the need for sustainability and innovation in farming techniques to advance productivity and ensure continuous supplies of wheat for future use.

Egypt Wheat Market

Egypt is the world's biggest wheat importer, as its local production meets only a minor proportion of its gigantic demand. Wheat remains one of the Egyptian staples, mainly through the ingredient used in subsidised bread, the staple diet for millions of Egyptians across the country. The Nile Delta region of Egypt accommodates a limited percentage of wheat farming in the agricultural landscape. However, its arid climate places significant challenges in the form of restricted extensive efforts at cultivation. Although the Nile irrigates the fertile delta into some extent, general climatic conditions and the limited area of arable land restrict the country's ability to produce wheat in the proper amount. Consequently, Egypt imports wheat majorly from production countries such as Russia and Ukraine. These are their principal supplying country due to their high contribution of wheat supply. All these imports are vital in its feeding sector. Its population relies on bread as a primary food source.

Argentina Wheat Market

Argentina is the largest wheat producer and exporter in South America and its agricultural efforts are therefore primarily directed to meet the demands of Brazil and all other markets in Southeast Asia. The success achieved by the country in the cultivation of wheat is due to rich and fertile soils existing in the Pampas region, where excellent high-quality wheat can be grown. In Argentina, wheat production is not just a form of agriculture but also plays a very important role for the national economy as an entity. This sector has significantly enhanced employment, rural development, and economic stability. The government's positive trade policies have further improved the situation in the wheat industry to make Argentine wheat competitively priced on international markets.

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: