COVID-19 Impact on Wheat Market Statistics, CAGR, Outlook 2020 - 2027

The global wheat market is experiencing a significant growth and is expected to continue this trend in next few years. Wheat is consumed as staple food in most of the countries. Wheat is a grass commonly grown for its seed, a cereal grain that is a staple food worldwide. Wheat is produced on more farmland area than any other type of food crops. World wheat trade is higher than all other types crops combined. The amount of nutrients present in wheat varies by type.

Market scope and structure analysis

Market size available for years
2020–2027

Base year considered
2019

Forecast period
2021–2027

Forecast unit
Value ($USD)

Regions covered:
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and the Rest of LAMEA)

Companies covered:
Farmers Grain Company, Wudeli Flour Mill Group, Ardent Mills LLC, Archer Daniels Midland Company, General Mills, Allied Pinnacle Pty Limited, Manildra Milling Pvt Ltd. Acarsan Flour, Korfez Flour Mills, George Weston Foods Ltd., and Hodgson Mill Inc.

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COVID-19 scenario analysis

The worldwide outbreak of COVID-19 has led to serious implications in all the economic sectors. The COVID-19 outbreak has created medical emergency, due to which the demand for food items, hygiene products, and medical products is increasing. Moreover, during this pandemic, the sales of traditional, healthy, and staple food items has increased considerably. Frozen non-veg food, fruits& vegetables, eggs, pulses, flour, and whole grains are further experiencing increased demand. However, nonessential products such as packaged foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have witnessed decline in their sale. In addition, lockdown imposed across various countries has hampered the production and supply chain of wheat manufacturers. Furthermore, the consumer buying behavior may change permanently post COVID-19. On the contrary, companies have to build robust sales plan for recovery, for instance, they might have to adopt e-commerce platform and omnichannel in their supply chain.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The key drivers of wheat market are increase in worldwide consumption of wheat coupled with rise in population. Moreover, increase in health awareness among public has led to rise in consumption of wheat and decline in junk food consumption. Wheat is used to make biscuits, cakes, crumpets, sauces, bread, muffins, noodles, pastries, cereal bars, sweet and savory snack foods, pasta, crackers, crisp-breads, and other confectionery food items, which boost its demand, globally.

The organically grown wheat segment is expected to dominate the date market during the projected years, due to increase in awareness about health benefits offered by organic food.

In addition, wide usage of wheat in food &beverage, cosmetic &personal care, pharmaceutical companies, animal feed, and dietary supplements industry is supporting the market to remain profitable in coming years. Furthermore, wheat meal is now also used for the production of adhesives, bioplastics, and paper.

The global wheat market trends are as follows:

New product launches to flourish the market

Manufacturers are engaged in increasing production of wheat to serve the rising demand. New technology in farming techniques and government support accelerate the wheat production. In addition, usage of wheat in the food &beverage industry has increased. For instance, Nestle launched Maggie Atta Noodle to serve to health-conscious customers. In august 2019, Arcadia planned to introduce value-added wheat commercially. It announced to introduce “good wheat” as retail flour with reduced allergenicity and high protein content in wheat flour.

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Key segments covered

Type:
Whole/Raw
Flour
Others

Application:
Household
Food and Beverages
Pharmaceutical
Dietary Supplements
Cosmetics &Personal Care
Others

Distribution Channel:
Supermarket/Hypermarket
Grocery Store
Wholesalers
E-commerce Platform

Key benefits of the report

This study presents the analytical depiction of the global wheat industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wheat market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wheat market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global wheat market research report:

Which are the leading players active in the global wheat market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?

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