A rise in the consumption of wheat in the form of flour due to its various health benefits such as improves body metabolism, controls obesity, and lowers cholesterol level drives the global wheat market.
LONDON: The strategic procurement research report on the wheat market is an integral part of SpendEdge’s agro commodities and raw materials category portfolio and offers an in-depth assessment of the current supply market, key factors influencing sourcing and procurement decisions, pricing models, and procurement best practices. It also offers insights into the major supply market insights, demand-supply shifts, and key market dynamics to help sourcing and procurement experts make smart strategic procurement decisions.
The global wheat market is fueled by the constantly increasing demand for wheat as a staple food and wheat flour in various food products such as noodles, pasta, and bakery products is driving the global wheat market. Furthermore, demand for wheat as animal feed is projected to increase, majorly in countries such as China, Russia, and the EU.
“Purchasing managers must collaborate with suppliers who commodity-procurement strategies that outline the actions to be followed in managing the commodity for the long term,” says A Kowshik, an agro commodities and raw materials procurement research specialist at SpendEdge.
Wheat is a major agricultural raw material for various food products such as wheat flour, noodles, bread, and pasta. It has the risks of carrying pathogens such as E-Coli and Salmonella all the way to finished flour, which is provided by suppliers to food companies.
Need more insights on this report?
This procurement report on the wheat market offers insights on:
- Supply markets, growth drivers, and challenges
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a full, comprehensive list, view our report
Get unlimited access to all our reports. Our Insights platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now