Global Wheat Market: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2024-2032

Wheat Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Wheat market reached a volume of about 765.4 MT in 2021. The industry is projected to grow at a CAGR of around 1.02% in the forecast period of 2022-2027 to reach a volume of about 813.2 MT by 2027.

The global Wheat industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the extensive application of the product in producing many edible goods. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Wheat is the grass commonly farmed for its seed, a cereal grain that is a staple diet worldwide. The wheat kernel is a fruit known as a caryopsis in botany. It's a type of grain used to manufacture flour for bread, cookies, and other baked goods — shredded wheat and whole wheat. The Wheat industry report comprises segments by type (native starch and modified starch), end-use (sweeteners, fuel, paper, textiles, and food) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific region holds a significant share in the industry. In wheat production and consumption, China and India dominate the Asia-Pacific area. After rice, wheat is an important staple crop in Asian nations, and it's used to make bread and flatbread, as well as noodles and pasta, among other things. With expanding population and rising food demand, wheat consumption is increasing rapidly.

The market is being driven by the growing use of wheat in various cuisines and processing industries for the manufacturing of goods such as flour, pasta, noodles, and beverages and rising food demand. The rising population, paired with increased demand for both wheat and its starch, is driving up demand for the commodity. Wheat starch is also popular among health-conscious individuals since it is gluten-free and low in calories. The need is more robust among the middle class, significantly impacting the sector. Wheat flour is also less costly than flour manufactured from other grains, making it accessible to people from all socioeconomic backgrounds. Also, the growing demand for personal care items such as dry shampoo, cleansers, and lotions propels the wheat starch industry, and consequently the broader wheat market, forward.

However, several constraints, such as greater knowledge of gluten allergies or sensitivity, will likely hamper the market growth.

Best Procurement Practices

The global Wheat industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Wheat regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

The flour mill receives the wheat and inspects it; then, its samples are collected for physical and chemical examination. The protein content of the grain is the essential component in determining its grade. The wheat is kept in silos alongside grain of the same quality until milling. Wheat must be clear of foreign materials before processing into flour. This necessitates a variety of cleaning procedures. It's rinsed in warm water before being spun dry in a centrifuge. The wheat of various grades and moisture levels is mixed to produce a grain batch with the properties required to generate the flour in question. The grains are then crushed between two massive metal rollers called breaker rolls. After milling, small quantities of bleaching and oxidising chemicals are frequently added to the flour. Vitamins and minerals are added as needed by law to make enriched flour. To make self-rising flour, leavening agents and salt are added. After one or two months of maturing, the flour is packaged.

Wide Range of Application of the Product, Further Driving the Procurement of Wheat

The industry is aided by the widespread use of the commodity in cosmetics and personal care, pharmaceutical, animal feed, and nutritional supplement industries. The increasing need for animal feed is also propelling the sector forward. The growing food and beverage sectors drive up demand for processed flour, increasing the wheat market. Wheat is currently used to make adhesives, bioplastics, and paper, boosting sales in the sector. To meet the growing demand, manufacturers are increasing wheat output. Wheat production is accelerated by new technology in agricultural practices and government backing. As a result, the industry is witnessing further growth.

The regional markets for the industry can be divided into Europe, North America, South America, the Asia Pacific, and the Middle East and Africa.

Key Industry Players Mentioned in the Wheat Industry Report

• Archer Daniels Midland (ADM)
• Cargill Inc.
• Tate & Lyle Plc.
• Ingredion Inc.
• Roquette Freres 
• Tereos SA

Market Landscape

To meet the growing demand, manufacturers are boosting wheat output. Wheat production is accelerated by new technology in agricultural practices and government backing. Wheat is also being used more in the food and beverage business. The wheat flour industry is divided, with several small and big manufacturers working in both coordinated and unregulated markets.

Key Initiatives by Companies

• Nestle, for example, introduced MaggieAtta Noodle to cater to health-conscious clients.
• Arcadia is expected to commercialise value-added wheat in August 2019. It announced the launch of "good wheat," a retail flour with low allergenicity and high protein content.