20 Countries that Produce the Most Wheat

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In this article, we will discuss the 20 Countries that Produce the Most Wheat. You can skip our detailed analysis of the wheat market and go directly to the 5 Countries that Produce the Most Wheat.

Agriculture is as vital for the global economy as it is for the survival of our species. Agriculture ensures the supply of food, helps reduce poverty by triggering economic and industrial growth, and reduces income disparities. Food security is among any government's top priorities, especially in times of economic crisis or turmoil. The trade disruptions after the outbreak of COVID-19 caused a rise in the prices of many agricultural commodities and underscored the importance of being self-sufficient in agriculture for many countries.

Wheat is an important cereal crop. The total wheat cultivated area has exceeded 220 million hectares worldwide. Both developed and developing countries produce wheat, with developed regions being responsible for 50% of the total worldwide wheat production and a total harvested area of 53%. In the developing regions, wheat accounts for more than 35% of the cereal calories consumed, compared to 74% in the developed regions. Around 70% of the wheat produced globally is used for food, while 20% is used for livestock, and 2-3% is utilized in the industrial sector.

The wheat industry was also affected by the outbreak of COVID-19. Initially, panic buying was witnessed around the world due to some concerns, including supply chain issues and expectations of industries not being able to operate steadily during the pandemic. However, the agriculture sector was permitted to operate by governments around the world even during wide lockdowns, given its importance for the survival of people around the world.

As the world population continues to grow, wheat demand is also increasing and is estimated to keep rising in the coming years. In 2021, the wheat market size was valued at $127.7 billion and is forecasted to reach $169.1 billion by 2027. Although factors like increasing awareness of gluten allergies and sensitivities and uncertain weather conditions in several parts of the world can harm growth during the forecast period, the increased consumption of wheat in cuisines across countries and increased demand by the processing industries for products like flour, pasta, noodles, and beverages are expected to drive the market in the coming years.

Asia Pacific regions, which include China, India, Pakistan, and Australia, are among the world's largest wheat producers. China and India are also the world's largest wheat producers and consumers. The increase in demand and consumption of wheat is due to wheat being a major staple food of this region. Some of the top companies involved in the production and marketing of wheat include Deere & Company (NYSE:DE), Archer-Daniels-Midland Company (NYSE:ADM), Bunge Limited (NYSE:BG), and Seaboard Corporation (NYSE:SEB).