NEW YORK, Jan. 12, 2023 /PRNewswire/ -- The wheat market is forecasted to grow by USD 47.89 billion from 2022 to 2027. Moreover, the growth momentum will accelerate at a CAGR of 4.08% during the forecast period, according to Technavio. Acarsan Holding, Adecoagro, AGRANA Beteiligungs AG, Archer Daniels Midland Co., Ardent Mills LLC, Bay State Milling Co., Cargill Inc., Farmers Mill Ltd., General Mills Inc., GrainCorp., Hodgson Mill, Kazcrop., Kerry Group Plc, KORFEZ Flour Mills, Manildra Flour Mills Pty. Ltd., Mennel Milling, MGP Ingredients Inc., Roquette Freres SA, Tate and Lyle Plc, and Tereos Group are some of the major market participants. To know about the vendor offerings, request a sample report.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others - Buy the report
The wheat market report also covers the following areas:
Wheat market 2023-2027: Drivers and challenges
The growing vegan population will fuel the growth of the wheat market. With the rising awareness about the various health benefits of vegan diets, the number of people adopting a vegan lifestyle is increasing. This trend is more prevalent among Millennials. Customers can choose from a wide variety of wheat protein-based products. Moreover, market sellers have the opportunity to innovate to expand their product offerings. Thus, the global vegan population is fueling market growth during the forecast period.
Stringent regulations are likely to hamper the growth of the wheat market during the forecast period. Governments and authorities have enforced food safety rules related to the launch of new wheat products, entry of new players, product specifications, sales, marketing, and advertising. For instance, an organic ingredient claim is allowed in packaged foods only if the ingredient meets the organic description and the packaged food contains at least 70% organic content. Such regulations may negatively affect the growth of the global wheat market during the forecast period.
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Wheat market 2023-2027: Segmentation analysis
- Application
- Human
- Feed
- Type
- Hard red winter
- Hard red spring
- Soft red winter
- Others
- Region
- North America
- The US
- Canada
- Europe
- The UK
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East and Africa
- South America
- Chile
- Brazil
- Argentina
Wheat market 2023-2027: Segmentation highlights
- The wheat market share growth by the human segment will be significant during the forecast period. Wheat is an important cereal grain that is produced and consumed as a staple food globally. It is a major source of carbohydrates and contains significant nutrients that are beneficial to health, such as protein, vitamins, soluble fiber, and phytochemicals. Thus, the increase in demand for wheat-based food products is expected to boost the growth of the global wheat market during the forecast period.
- APAC is estimated to account for 50% of the growth of the global market during the forecast period. China and India are the largest consumers of wheat globally. The demand for wheat in the region is expected to increase owing to the rising awareness about the health benefits of consuming wheat-based protein supplements. Hence, vendors are offering processed and low-cholesterol-containing wheat-based protein products to meet the growing demand.
Wheat market 2023-2027: Key Highlights
What are the key data covered in this wheat market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the wheat market size between 2023 and 2027
- Precise estimation of the wheat market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industry across APAC, Europe, Middle East and Africa, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of wheat market vendors
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- The wheat protein market size is expected to increase by USD 951.18 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.17%. This report extensively covers market segmentation by type (wheat gluten, wheat protein isolate, textured wheat protein, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The wheat gluten market size is expected to increase by USD 1.89 billion from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 6.81%. This report extensively covers market segmentation by end-user (bakery and confectionery, dietary supplements, animal feed, and others) and geography (Europe, APAC, North America, South America, and MEA).
Wheat Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.08% |
Market growth 2023-2027 |
USD 47.89 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.86 |
Regional analysis |
APAC, Europe, Middle East and Africa, North America, and South America |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, India, Pakistan, and Russia |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Acarsan Holding, Adecoagro, AGRANA Beteiligungs AG, Archer Daniels Midland Co., Ardent Mills LLC, Bay State Milling Co., Cargill Inc., Farmers Mill Ltd., General Mills Inc., GrainCorp., Hodgson Mill, Kazcrop., Kerry Group Plc, KORFEZ Flour Mills, Manildra Flour Mills Pty. Ltd., Mennel Milling, MGP Ingredients Inc., Roquette Freres SA, Tate and Lyle Plc, and Tereos Group |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's Consumer Staples Market Reports
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global wheat market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global wheat market 2017 - 2021 ($ billion)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Human - Market size and forecast 2022-2027
- Exhibit 34: Chart on Human - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Human - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Human - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Human - Year-over-year growth 2022-2027 (%)
- 6.4 Feed - Market size and forecast 2022-2027
- Exhibit 38: Chart on Feed - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Feed - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Feed - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Feed - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 43: Chart on Type - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 45: Chart on Comparison by Type
- Exhibit 46: Data Table on Comparison by Type
- 7.3 Hard red winter - Market size and forecast 2022-2027
- Exhibit 47: Chart on Hard red winter - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Hard red winter - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Hard red winter - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Hard red winter - Year-over-year growth 2022-2027 (%)
- 7.4 Hard red spring - Market size and forecast 2022-2027
- Exhibit 51: Chart on Hard red spring - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Hard red spring - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Hard red spring - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Hard red spring - Year-over-year growth 2022-2027 (%)
- 7.5 Soft red winter - Market size and forecast 2022-2027
- Exhibit 55: Chart on Soft red winter - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Soft red winter - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Soft red winter - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Soft red winter - Year-over-year growth 2022-2027 (%)
- 7.6 Others - Market size and forecast 2022-2027
- Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Type
- Exhibit 63: Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.6 North America - Market size and forecast 2022-2027
- Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 India - Market size and forecast 2022-2027
- Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.10 Russia - Market size and forecast 2022-2027
- Exhibit 97: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.11 US - Market size and forecast 2022-2027
- Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.12 Pakistan - Market size and forecast 2022-2027
- Exhibit 105: Chart on Pakistan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 106: Data Table on Pakistan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 107: Chart on Pakistan - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Pakistan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 113: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 114: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification
- 12.3 Adecoagro
- Exhibit 116: Adecoagro - Overview
- Exhibit 117: Adecoagro - Business segments
- Exhibit 118: Adecoagro - Key offerings
- Exhibit 119: Adecoagro - Segment focus
- 12.4 AGRANA Beteiligungs AG
- Exhibit 120: AGRANA Beteiligungs AG - Overview
- Exhibit 121: AGRANA Beteiligungs AG - Business segments
- Exhibit 122: AGRANA Beteiligungs AG - Key offerings
- Exhibit 123: AGRANA Beteiligungs AG - Segment focus
- 12.5 Archer Daniels Midland Co.
- Exhibit 124: Archer Daniels Midland Co. - Overview
- Exhibit 125: Archer Daniels Midland Co. - Business segments
- Exhibit 126: Archer Daniels Midland Co. - Key offerings
- Exhibit 127: Archer Daniels Midland Co. - Segment focus
- 12.6 Ardent Mills LLC
- Exhibit 128: Ardent Mills LLC - Overview
- Exhibit 129: Ardent Mills LLC - Product / Service
- Exhibit 130: Ardent Mills LLC - Key offerings
- 12.7 Bay State Milling Co.
- Exhibit 131: Bay State Milling Co. - Overview
- Exhibit 132: Bay State Milling Co. - Product / Service
- Exhibit 133: Bay State Milling Co. - Key offerings
- 12.8 Cargill Inc.
- Exhibit 134: Cargill Inc. - Overview
- Exhibit 135: Cargill Inc. - Product / Service
- Exhibit 136: Cargill Inc. - Key news
- Exhibit 137: Cargill Inc. - Key offerings
- 12.9 General Mills Inc.
- Exhibit 138: General Mills Inc. - Overview
- Exhibit 139: General Mills Inc. - Business segments
- Exhibit 140: General Mills Inc. - Key news
- Exhibit 141: General Mills Inc. - Key offerings
- Exhibit 142: General Mills Inc. - Segment focus
- 12.10 GrainCorp.
- Exhibit 143: GrainCorp. - Overview
- Exhibit 144: GrainCorp. - Business segments
- Exhibit 145: GrainCorp. - Key offerings
- Exhibit 146: GrainCorp. - Segment focus
- 12.11 Kerry Group Plc
- Exhibit 147: Kerry Group Plc - Overview
- Exhibit 148: Kerry Group Plc - Business segments
- Exhibit 149: Kerry Group Plc - Key offerings
- Exhibit 150: Kerry Group Plc - Segment focus
- 12.12 Manildra Flour Mills Pty. Ltd.
- Exhibit 151: Manildra Flour Mills Pty. Ltd. - Overview
- Exhibit 152: Manildra Flour Mills Pty. Ltd. - Product / Service
- Exhibit 153: Manildra Flour Mills Pty. Ltd. - Key offerings
- 12.13 Mennel Milling
- Exhibit 154: Mennel Milling - Overview
- Exhibit 155: Mennel Milling - Product / Service
- Exhibit 156: Mennel Milling - Key offerings
- 12.14 MGP Ingredients Inc.
- Exhibit 157: MGP Ingredients Inc. - Overview
- Exhibit 158: MGP Ingredients Inc. - Product / Service
- Exhibit 159: MGP Ingredients Inc. - Key offerings
- 12.15 Roquette Freres SA
- Exhibit 160: Roquette Freres SA - Overview
- Exhibit 161: Roquette Freres SA - Product / Service
- Exhibit 162: Roquette Freres SA - Key offerings
- 12.16 Tate and Lyle Plc
- Exhibit 163: Tate and Lyle Plc - Overview
- Exhibit 164: Tate and Lyle Plc - Business segments
- Exhibit 165: Tate and Lyle Plc - Key news
- Exhibit 166: Tate and Lyle Plc - Key offerings
- Exhibit 167: Tate and Lyle Plc - Segment focus
- 12.17 Tereos Group
- Exhibit 168: Tereos Group - Overview
- Exhibit 169: Tereos Group - Business segments
- Exhibit 170: Tereos Group - Key offerings
- Exhibit 171: Tereos Group - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources
- 13.5 List of abbreviations
- Exhibit 178: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
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Website: www.technavio.com/
SOURCE Technavio
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