Wheat Market by Type (Hard Red Winter (HRW), Hard Red Spring (HRS), Soft Red Winter (SRW), White Wheat, Durum Wheat, Others) by Application (Feed, Food, Industrial, Others) – Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Summary
Table Of Content

Market Insights

heat is one of the most widely grown and consumed food grains worldwide. Wheat has remained staple food for more than half of the population worldwide. The global trade in Wheat is higher than any other crop. At present, global wheat production stands at above 775 million tons. In terms of production, Wheat is second to only maize. Wheat has remained a significant part of human food and a major contributor of carbohydrates as well as vegetable protein. Wheat is a widely grown cereal around the world. Major countries producing wheat grains include China, India, Russia, Ukraine, the U.S., Canada, Brazil, Kazakhstan, etc.

The global Wheat market is expected to witness a CAGR of 1% during the forecast period. The revenue generated by the worldwide Wheat market in 2021 was over USD 378,000 million and is expected to generate revenue worth USD 405,000 million in 2028. The incremental growth opportunity offered by the global Wheat is estimated to be USD 2.75 trillion between 2022 and 2028.

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

Interesting Facts about Wheat Industry

Russia and Ukraine are the leading exporters of Wheat to the world
Worldwide wheat production reached over 775 million tons in 2021
China is the largest producer as well as consumer of Wheat, followed by India
While European Union tops the chart when it comes to per capita consumption of Wheat
Russia – Ukraine is likely to affect the wheat supply and may trigger the price rise
The total area under wheat cultivation is around 220 million hectares
The global average wheat yield is 3 tons per hectare

Increasing Population

As the global population rapidly approaches eight billion markets, the demand for food grains is increasing rapidly. Especially, Wheat is a staple food for people in several countries across the Asia Pacific and Europe. The growing population demands an increasing volume of Wheat as it is one of the most affordable sources of carbohydrates, dietary fiber, and nutrient and vegetable protein for most of the population. The Asia Pacific is a host of the 4.5 billion population and consumes most of the total wheat production. Despite being the leading producer in the world, China is listed among the top five importers of Wheat. China consumed almost 148 million tons of Wheat in 2021, followed by India with 104 million tons of consumption in the same year.

Hard Red Winter (HRW) Dominates the Demand

Hard Red Winter (HRW), Hard Red Spring (HRS), Soft Red Winter (SRW), White Wheat, and Durum Wheat are significant types of wheat grain consumed around the world. Hard Red Winter (HRW) held over 40% share in the total volume of Wheat produced as well as consumed in 2021. Feed, Food, Industrial, and Others are major applications of Wheat. Food application held over 50% share in 2021. In contrast, industrial applications are also proliferating due to the increasing adoption of Wheat as a raw material in the production of malt, starch, gluten, alcohol, etc. In comparison, the food processing industry also reports increasing demand for Wheat for biscuits, pasts, bakery products, noodles, pasta, cakes, cookies, snacks, etc.

Large Area Under Wheat Cultivation

Globally, over 220 million hectares of land are under wheat cultivation. Global wheat yield per hectare is just over 3 tons per hectare. However, wheat yield is relatively high in Europe, North America, and South America against the Asia Pacific. The primary reason behind the low yield in the Asia Pacific is the diminutive size of agricultural lands and lack of awareness among farmers regarding the use of fertilizers & crop protection chemicals, in addition to the lack of irrigation facilities. In 2021, world wheat production reached over 770 million tons. China will lead the wheat production with over 130 million tons in 2021. While India was in the second position with almost 98.5 million tons, followed by Russia with the production of 86 million tons in the same year. U.S., France, Germany, Australia, Ukraine, Pakistan, and Canada are other leading Wheat producing countries among the top 10 wheat-producing countries worldwide.

Russia – Ukraine War to Have Severe Impact on Global Wheat Supply

Despite enormous production, China and India are not among the top 10 exporters of Wheat. Russia and Ukraine are leading exporters of Wheat to many countries in Africa, Asia Pacific, and Europe. Russia and Ukraine collectively held around one-third share of wheat export globally. As war broke up between Russia and Ukraine, the wheat supply chains of Ukraine have badly affected. Moreover, the Ukraine government has also posed a ban on the export of any food grain, and many of their ports have stopped functioning. Secondly, Russian Wheat is available for export. However, various sanctions by the U.S. and European Union on trade with Russia have worsened the wheat supply situation on a global level. For instance, the dismissal of Russian banks from the SWIFT payment system has created a lot of hurdles to accomplishing any trading activity with Russia.

Moreover, increasing pressure from U.S. and NATO countries to stop trading with Russia has remained a significant concern for Wheat importing nations. Egypt, Turkey, European Union, Japan, China, Indonesia, Nigeria, Philippines, Bangladesh, Brazil, Algeria, Iran, etc., are leading wheat importers from Russia and Ukraine. The current war has badly affected the Wheat supply to the aforementioned countries. Almost 125 countries import Wheat, most of which rely on imports from Russia and Ukraine. In a long-lasting war between Russia and Ukraine, the global wheat supply will receive a massive blow.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

How Russia and Ukraine War Can Benefit Other Countries

Canada and U.S. can find an opportunity to increase the list of countries for their wheat export as the supply from Russia and Ukraine is affected. Canada and U.S. collectively held over 25% share in the total wheat export volume in 2021. However, the matching export volume from Russia and Ukraine will be nearly impossible to reach for them in the next few years. This situation is expected to trigger Wheat prices in countries that rely on imports. France and Australia are expected to play an essential role in keeping Wheat export intact for the smaller countries.

Cargill, ADM, Roquette Frères, The Tereos Group, Tate and Lyle PLC, and AGRANA Beteiligungs-AG are leading suppliers of wheat grain around the world. However, their share is meager as the market is highly fragmented, and many domestic and local players are operating in the industry.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Wheat Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Wheat Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Application
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Wheat Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Wheat Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Wheat Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Hard Red Winter (HRW)
6.2.3. Hard Red Spring (HRS)
6.2.4. Soft Red Winter (SRW)
6.2.5. White Wheat
6.2.6. Durum Wheat
6.3. North America Wheat Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Feed
6.3.3. Food
6.3.4. Industrial
6.3.5. Others

7. Europe
7.1. Europe Wheat Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Wheat Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Hard Red Winter (HRW)
7.2.3. Hard Red Spring (HRS)
7.2.4. Soft Red Winter (SRW)
7.2.5. White Wheat
7.2.6. Durum Wheat
7.3. Europe Wheat Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Feed
7.3.3. Food
7.3.4. Industrial
7.3.5. Others

8. Asia Pacific
8.1. Asia Pacific Wheat Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Wheat Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Hard Red Winter (HRW)
8.2.3. Hard Red Spring (HRS)
8.2.4. Soft Red Winter (SRW)
8.2.5. White Wheat
8.2.6. Durum Wheat
8.3. Asia Pacific Wheat Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Feed
8.3.3. Food
8.3.4. Industrial
8.3.5. Others

9. Latin America
9.1. Latin America Wheat Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Wheat Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Hard Red Winter (HRW)
9.2.3. Hard Red Spring (HRS)
9.2.4. Soft Red Winter (SRW)
9.2.5. White Wheat
9.2.6. Durum Wheat
9.3. Latin America Wheat Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Feed
9.3.3. Food
9.3.4. Industrial
9.3.5. Others

10. Middle East
10.1. Middle East Wheat Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Wheat Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Hard Red Winter (HRW)
10.2.3. Hard Red Spring (HRS)
10.2.4. Soft Red Winter (SRW)
10.2.5. White Wheat
10.2.6. Durum Wheat
10.3. Middle East Wheat Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Feed
10.3.3. Food
10.3.4. Industrial
10.3.5. Others

11. Africa
11.1. Africa Wheat Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Wheat Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Hard Red Winter (HRW)
11.2.3. Hard Red Spring (HRS)
11.2.4. Soft Red Winter (SRW)
11.2.5. White Wheat
11.2.6. Durum Wheat
11.3. Africa Wheat Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Feed
11.3.3. Food
11.3.4. Industrial
11.3.5. Others

12. Global
12.1. Global Wheat Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Hard Red Winter (HRW)
12.1.3. Hard Red Spring (HRS)
12.1.4. Soft Red Winter (SRW)
12.1.5. White Wheat
12.1.6. Durum Wheat
12.2. Global Wheat Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Feed
12.2.3. Food
12.2.4. Industrial
12.2.5. Others

13. Company Profiles
13.1. Cargill
13.2. ADM
13.3. Roquette Frères
13.4. The Tereos Group
13.5. Tate and Lyle PLC
13.6. AGRANA Beteiligungs-AG
13.7. Others

List of Figures

FIG. 1 Global Wheat Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Wheat Market Segmentation
FIG. 4 Global Wheat Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Wheat Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Wheat Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Wheat Market Manufacturers, 2019
FIG. 9 Global Wheat Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10 Global Wheat Market, by Hard Red Winter (HRW), Value, 2016-2028 (US$ Bn)
FIG. 11 Global Wheat Market, by Hard Red Spring (HRS), Value, 2016-2028 (US$ Bn)
FIG. 12 Global Wheat Market, by Soft Red Winter (SRW), Value, 2016-2028 (US$ Bn)
FIG. 13 Global Wheat Market, by White Wheat, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Wheat Market, by Durum Wheat, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Wheat Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 16 Global Wheat Market, by Food, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Wheat Market, by Feed, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Wheat Market, by Industrial, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Wheat Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 20 U.S. Wheat Market, 2016-2028 (US$ Bn)
FIG. 21 Rest of North America Wheat Market, 2016-2028 (US$ Bn)
FIG. 22 U.K. Wheat Market, 2016-2028 (US$ Bn)
FIG. 23 Germany Wheat Market, 2016-2028 (US$ Bn)
FIG. 24 France Wheat Market, 2016-2028 (US$ Bn)
FIG. 25 Italy Wheat Market, 2016-2028 (US$ Bn)
FIG. 26 Spain Wheat Market, 2016-2028 (US$ Bn)
FIG. 27 Russia Wheat Market, 2016-2028 (US$ Bn)
FIG. 28 BENELUX Wheat Market, 2016-2028 (US$ Bn)
FIG. 29 Poland Wheat Market, 2016-2028 (US$ Bn)
FIG. 30 Austria Wheat Market, 2016-2028 (US$ Bn)
FIG. 31 Rest of Europe Wheat Market, 2016-2028 (US$ Bn)
FIG. 32 Japan Wheat Market, 2016-2028 (US$ Bn)
FIG. 33 China Wheat Market, 2016-2028 (US$ Bn)
FIG. 34 India Wheat Market, 2016-2028 (US$ Bn)
FIG. 35 South Korea Wheat Market, 2016-2028 (US$ Bn)
FIG. 36 Australia Wheat Market, 2016-2028 (US$ Bn)
FIG. 37 Southeast Asia Wheat Market, 2016-2028 (US$ Bn)
FIG. 38 Rest of Asia Pacific Wheat Market, 2016-2028 (US$ Bn)
FIG. 39 Middle East & Africa Wheat Market, 2016-2028 (US$ Bn)
FIG. 40 South Africa Wheat Market, 2016-2028 (US$ Bn)
FIG. 41 Nigeria Wheat Market, 2016-2028 (US$ Bn)
FIG. 42 Egypt Wheat Market, 2016-2028 (US$ Bn)
FIG. 43 GCC Wheat Market, 2016-2028 (US$ Bn)
FIG. 44 Israel Wheat Market, 2016-2028 (US$ Bn)
FIG. 45 Latin America Wheat Market, 2016-2028 (US$ Bn)
FIG. 46 Mechanicalzil Wheat Market, 2016-2028 (US$ Bn)
FIG. 47 Argentina Wheat Market, 2016-2028 (US$ Bn)
FIG. 48 Colombia Wheat Market, 2016-2028 (US$ Bn)
FIG. 49 Peru Wheat Market, 2016-2028 (US$ Bn)
FIG. 50 Chile Wheat Market, 2016-2028 (US$ Bn)
List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Wheat) Market
TABLE 2 Global Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global Wheat Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 North America Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America Wheat Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 Europe Wheat Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Wheat Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Latin America Wheat Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Middle East Wheat Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Wheat Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Africa Wheat Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 Africa Wheat Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID 19 Impacted Wheat Market?

Unlike other industries, COVID 19 has little or no impact on Wheat market with negligible of no decline in market size

Which is the leading regional market for Wheat?

Asia Pacific is the largest regional market with highest share in the total volume of Wheat consumed in 2021

What is the major growth driving factors for global Wheat market?

Huge population and growing demand from food industry is major factor fuelling the demand for wheat around the world

Which is major segment in Wheat market by Type?

Hard Red Winter (HRW) segment dominated the Wheat market in 2021 with over 40% share

Which is major segment in Wheat market by application?

Food segment was the largest application of Wheat in 2021 with over 50% share

Purchase Options

Request Free Sample

Have a question?

Don’t settle for less – trust Mitul to help you find the best solution.

Call: +91 6232 49 3207

EMAIL MITUL

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –