Thu, 28 Jan 2021

The new report by Expert Market Research titled, 'Global Wheat Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global wheat market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents -https://www.expertmarketresearch.com/reports/wheat-market/requestsample

The key highlights of the report include:

Market Overview (2015-2025)

  • Historical Market Size (2019): 734.7 million metric tons
  • Forecast CAGR (2020-2025): 2.7%
  • Forecast Market Size (2025): 861.5 million metric tons

The market is driven by the growing food industry, along with the proliferation of the global population. Other factors, such as rapid urbanisation, increasing disposable incomes, and changing lifestyles, which has led to the trend of eating out in the recent years, have influenced the market positively. Wheat is a staple food product in several regions, particularly in India and among other Asian countries. Further, as the product is in high demand within the middle-class population, the industry is propelled further. Due to rapid globalisation, the market for processed food has grown significantly. Thereby, the market for wheat is expected to grow rapidly in the forecast period.

Read Full Report with Table of Contents -https://www.expertmarketresearch.com/reports/wheat-market

Industry Definition and Major Segments

Wheat is the essential cereal, which is cultivated in temperate regions. The grains of the crop is crushed to produce flour for making food products like pasta, bread, and pastry, among others. Wheat is also a staple food in many regions.

On the basis of type, the market is divided into:

  • Hard Red Winter (HRW)
  • Hard Red Spring (HRS)
  • Soft Red Winter (SRW)
  • White Wheat
  • Durum Wheat

The hard red winter (HRW) is the dominating type of wheat, which accounts for about 40% of the total production of the crop. This can be attributed to its major use in bread production.

By application, the industry is segmented into:

  • Feed
  • Food
  • Industrial
  • Others

Regionally, the market can be segmented into:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • Asia Pacific

Market Trends

The market is expected to be defined by the emerging trends, such as the rising food industry, innovations in food products, rising trend of buying processed food products due to busy lifestyles, growing awareness of the benefits of wheat, and increasing demand for personal care products.

Further, the rising awareness of people regarding wheat is expected to strengthen the market in the forecast period. Wheat starch is observing high demand due to the growing demand for gluten-free and low-calorie content products. These products are also in demand due to emerging diets by nutritionists on various platforms. The popularisation of such diets is aiding the growing demand for wheat and its products.

Key Market Players

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of the market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish-speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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