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Global Wheat Market Size, Share, Growth, Trends, 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, Key Indicators for Price; Value Chain Analysis; Price Analysis; Competitive Landscape; 2024-2032
Global Wheat Market Analysis
The wheat market is a critical segment of the global agricultural economy, influenced by a range of factors. Wheat is one of the world's most produced cereals, alongside rice and maize. The top wheat-producing countries typically include China, India, Russia, the United States, and France. These countries' production levels significantly influence global supply.
Wheat is a staple food for over a third of the world's population, making its consumption patterns crucial to global food security. It is primarily used for human consumption, in forms like bread, pasta, noodles, and other processed foods. A smaller proportion is used for animal feed and industrial purposes.
Major exporters of wheat typically include Russia, the United States, Canada, France, and Ukraine. Many countries, especially in the Middle East and Africa, rely heavily on wheat imports to meet their consumption needs.
Wheat Market Report Snapshots
Wheat Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
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
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 161.32 billion.
The market for wheat is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 256.8 billion by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, and rising demand for low-calorie sweeteners and gluten-free food.
Key trends aiding the market expansion include the increasing focus on sustainable farming methods and the development and adoption of genetically modified wheat varieties.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the significant markets for wheat.
The major types of the product include whole/raw and flour, among others.
The major applications include feed, food, and biofuel, among others.
Key players in the 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, Bay State Milling Company, and Others.
The wheat market demand is being driven by the demand from the food sector, especially in developing nations like India and China.
Unpredictable weather patterns and extreme conditions, increased incidence of pests and diseases, and geopolitical tensions are the key challenges in the market.
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