Wheat Market Size, Share, Trends And Industry Outlook Report, 2030

 


Wheat Market Growth & Trends

The global wheat market size has been estimated to reach USD 270.88 billion by 2030 and is anticipated to expand at a CAGR of 4.28% from 2024 to 2030, according to a new report by Grand View Research, Inc. A rapid shift in dietary preferences and fast-evolving consumption habits are playing a pivotal role in the rising demand for organic food products, thereby intensifying the global requirement for wheat. Additionally, the increasing popularity of processed and convenient foods is fueling the demand for wheat-based products, leading to a surge in global wheat production.

Conventional wheat accounted for a dominant market revenue share in 2023. The production of this type of wheat depends on the use of synthetic fertilizers and pesticides to achieve higher yields, effectively meeting the growing global wheat demand. Furthermore, the established supply chain present in conventional wheat farming ensures efficient distribution and widespread market access for wheat products.

The B2B segment held a dominant market share in 2023. This sector holds significance, particularly in facilitating transactions related to the production of food and beverage items. Within this space, the food and beverages industry is playing a pivotal role in driving growth, given that wheat serves as a fundamental ingredient for a variety of food products, including pasta, bread, pastries, and breakfast cereals. Food processing facilities, such as bakeries, actively participate in B2B relationships to ensure a reliable and high-quality supply of essential ingredients.

Asia Pacific accounted for the largest share of the global market. The animal husbandry sector in the region is one of the key contributors, as it extensively utilizes wheat as a crucial ingredient in livestock feed. It serves as a valuable energy source for poultry, cattle, and swine. Livestock farmers and feed producers rely on wheat to formulate well-balanced and nutritious animal feed. The Asia-Pacific region, boasting a flourishing poultry and dairy industry, is experiencing market growth driven by an increasing demand for wheat in poultry feeds.

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Wheat Market Report Highlights

  • Asia Pacific is expected to advance at the highest CAGR from 2024 to 2030. Regional governments actively promote wheat production by implementing agricultural policies, providing subsidies, and launching various initiatives. Additionally, regional economies have embraced modern farming practices and technologies to augment the productivity of wheat cultivation
  • The organic wheat segment is estimated to expand with substantial CAGR over the forecast period. This segment is experiencing rapid growth owing to increasing consumer health concerns and a growing awareness regarding organically produced food crops
  • The B2B segment is expected to progress with a higher CAGR over the forecast period. Within this segment, wheat finds diverse industrial applications, playing a role in biofuel production, as well as for producing industrial starch for processes and pharmaceuticals. Companies engaged in this sector rely on B2B transactions to secure wheat supply that is tailored for these specific applications

Wheat Market Segmentation

Grand View Research has segmented the global wheat market on the basis of nature, end-user, and region:

Wheat Nature Outlook (Revenue, USD Million, 2018 - 2030)

  • Conventional
  • Organic

Wheat End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • B2B
  • B2C

Wheat Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

List of Key Players in the Wheat Market

  • China National Cereals,Oils and Foodstuffs Corporation (COFCO)
  • Archer-Daniels-Midland (ADM)
  • Cargill, Inc.
  • CHS Inc.
  • Bunge
  • Glencore
  • Louis Dreyfus Company
  • Ardent Mills
  • The Scoular Company
  • Munsa
  • Nisshin Seifun Group Inc.
  • SENSAKO
  • The Soufflet Group
  • Adani Wilmar
  • Adecoagro

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/wheat-market-report

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