Press release
Wheat Industry is Expected to Reach $ 507.9 Billion by 2031 - Glencore International, ADM (Archer Daniels Midland), Bunge, Cargill, Inc.
Wheat Market || 2024-2031
Gluten-free bread, pasta, and baked goods made from non-wheat grains are becoming increasingly available. While wheat, including varieties like hard, soft, durum, and spelt, remains a global staple, there is rising demand for gluten-free alternatives. These alternatives, such as flours made from rice, corn, quinoa, and tapioca, are driven by the growing prevalence of gluten-related disorders like celiac disease and gluten sensitivity. The shift towards gluten-free options reflects a broader trend towards accommodating dietary needs and preferences.
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Market Trends:
The growing consumer demand for baked goods, particularly bread, is driving market expansion. Bread, a staple that relies heavily on wheat, has seen consistent global consumption increases, with approximately 770 million metric tonnes of wheat produced in 2021. This demand for wheat is largely driven by the bread sector, which relies on wheat flour for various baked products. For example, the European bakery industry generated over $124 billion in revenue in 2020, highlighting the significant market and high demand for wheat.
Segment Covered in the Wheat Market:
By Type: Durum Wheat, Bread Wheat
By Application: Food & Beverage, Pharmaceutical, Dietary Supplements, Cosmetics Personal Care, Household, Others
By Distribution Channel: Supermarket/Hypermarket, Grocery Store, Wholesale Online Sales
Regional Analysis:
The global wheat market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global wheat market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The wheat market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Major Key Players
• Glencore International
• ADM (Archer Daniels Midland)
• Bunge
• Cargill, Inc.
• Louis Dreyfus Company
• Siemer Milling Company
• King Milling Company
• Knappen Milling Company
• Italgrani USA
• Chelsea Milling Company
Related Reports
Wheat Bran Market: https://www.datamintelligence.com/research-report/wheat-bran-market
Buckwheat Market: https://www.datamintelligence.com/research-report/buckwheat-flour-market
Malted Wheat Flour Market: https://www.datamintelligence.com/research-report/malted-wheat-flour-market
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