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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1570977

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1570977

Cultured Wheat Market: Current Analysis and Forecast (2024-2032)

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Cultured wheat can be defined as wheat that has been selected through plant breeding practices or has genetically been altered to assume one or more characteristics as a result of breeding practices. This cultivation method sometimes includes sophisticated methods such as tissue culture where the plant cells are put in a controlled environment to generate new plants, which have the desired characteristics. With the help of such an approach, the researchers can increase the speed of the wheat breed improvements and satisfy the requirements of contemporary agriculture in relation to environmental factors. Cultured wheat is very vital in responding to the challenges of food security around the world because of its ability to enhance productivity and reduce the vulnerability of the crop.

The Cultured Wheat Market is expected to grow at a steady rate of around 7.1% owing to the expanding product portfolio. For instance, in September 2024, Millbio expanded its ingredients line with several offerings. The company has added Spring X-Tra Life, X-Tra Guard Rowan Berry Extract, Fermenta X-Tra 5, and Spring X-Tra Gusto. Spring X-Tra Life is a fermented/cultured wheat flour range. Moreover, increased demand for enhanced nutrition, rising need for sustainability, and resource efficiency are leading to the growth of the market and are anticipated to boost the cultured wheat market.

Based on the application, the market is segmented into baked products, cheeses, condiments, and others. The baked products segment held a significant share of the market in the year 2023 owing to growing consumer concerns and a shift towards an urbanized lifestyle. The increase in demand and need for different foods and readily available products such as breads, pastries, cakes, and so on have boosted the industry. The spike in artisanal and health-conscious products also creates a trend that most of them use different types of wheat such as high protein or whole grain. Furthermore, there has been an advancement in baking technology because of better equipment so there are more choices for baked products, and with the introduction of online grocery stores, consumers can easily access them. The segment's development is also backed by changing consumer perceptions and concerns over improved product quality, nutrition, and reduced preservatives, particularly in Europe and the extremely important group of cereal products. Therefore, integral demand of the cultured wheat market is seen in the baked products segment on account of evolving palates and constant enhancements in food processing. Thus, the baked products segment held a prominent share of the market in the year 2023.

Based on the distribution channel, the market is bifurcated into online and offline. The online segment is expected to experience significant growth in the forecast period owing to the development of digital technologies in the agricultural supply chain, as well as growing consumer and producer preferences for convenience. Purchasing cultured wheat seeds and related products has become more convenient with the increasing use of online platforms that provide an extensive range of products and comprehensive information about any product with just a click of a button. This is made possible by the increasing coverage and usage of the internet, the general improvement of payment solutions for agricultural produce, and increasing access to mobile phones among farmers and players in the agricultural sector. Besides offering better availability of specific wheat varieties, the online segment also allows producers to get rid of the middlemen and obtain supplies at a lower price. With the further development of the digital infrastructure, increased use of the internet for transactions and increased participation of other players, this segment is expected to further drive sales and increase the market for cultured wheat. Thus, the online segment is expected to grow at a significant rate in the forecast period among the distribution channels.

For a better understanding of the market adoption of cultured wheat, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held the majority share of the market in the year 2023 owing to factors such as increasing technology, changing consumer tastes, and increasing use of agriculture. In the United States and Canada, high-quality wheat varieties like hard red spring and durum form the market drivers. This growth is backed by developments in wheat farming technology such as precision agriculture, and better seeds that improve both yield and quality. Also, the future growth of the health-conscious segments and specialty baked products, as well as requirements concerning sustainable farming, influence the growth of the examined market. North America enjoys a special position in the international wheat market as it concentrates great efforts toward innovation of production, thus, the region is capable of fulfilling the demand both locally and internationally, thereby, underlining its unchallenged status in the global market. Thus, amongst areas, North America held a significant share of the market in the year 2023.

Some of the major players operating in the market include Liao Weisen Group; Sunson Industry Group Co., Ltd.; NuTek Natural Ingredients; Mezzoni Foods Inc.; J&K Ingredients; Prathista Industries Limited; Norman, Fox & Co.; Boli Bioproducts; Groupe Limagrain Holding; Cain Food Industries, Inc.

Product Code: UMAG213024

TABLE OF CONTENTS

1.MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Main Objective
  • 1.3. Stakeholders
  • 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Cultured Wheat Market
  • 2.2. Research Methodology of the Cultured Wheat Market
  • 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

  • 3.1. Industry Synopsis
  • 3.2. Segmental Outlook
    • 3.2.1. Market Growth Intensity
  • 3.3. Regional Outlook

4.MARKET DYNAMICS

  • 4.1. Drivers
  • 4.2. Opportunity
  • 4.3. Restraints
  • 4.4. Trends
  • 4.5. PESTEL Analysis
  • 4.6. Demand Side Analysis
  • 4.7. Supply Side Analysis
    • 4.7.1. Merger & Acquisition
    • 4.7.2. Investment Scenario
    • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

  • 5.1. Regional Pricing Analysis
  • 5.2. Price Influencing Factors

6.GLOBAL CULTURED WHEAT MARKET REVENUE (USD MN), 2022-2032F

7.MARKET INSIGHTS BY APPLICATION

  • 7.1. Baked Products
  • 7.2. Cheeses
  • 7.3. Condiments
  • 7.4. Others

8.MARKET INSIGHTS BY DISTRIBUTION CHANNEL

  • 8.1. Online
  • 8.2. Offline

9.MARKET INSIGHTS BY REGION

  • 9.1. North America
    • 9.1.1. U.S.
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe
    • 9.2.1. Germany
    • 9.2.2. U.K.
    • 9.2.3. France
    • 9.2.4. Italy
    • 9.2.5. Spain
    • 9.2.6. Rest of Europe
  • 9.3. Asia-Pacific
    • 9.3.1. China
    • 9.3.2. Japan
    • 9.3.3. India
    • 9.3.4. Rest of Asia-Pacific
  • 9.4. Rest of World

10.VALUE CHAIN ANALYSIS

  • 10.1. List of Market Participants

11.COMPETITIVE LANDSCAPE

  • 11.1. Competition Dashboard
  • 11.2. Competitor Market Positioning Analysis
  • 11.3. Porter Five Forces Analysis

12.COMPANY PROFILES

  • 12.1. Liao Weisen Group
    • 12.1.1. Company Overview
    • 12.1.2. Key Financials
    • 12.1.3. SWOT Analysis
    • 12.1.4. Product Portfolio
    • 12.1.5. Recent Developments
  • 12.2. Sunson Industry Group Co., Ltd.
  • 12.3. NuTek Natural Ingredients
  • 12.4. Mezzoni Foods Inc
  • 12.5. J&K Ingredients
  • 12.6. Prathista Industries Limited
  • 12.7. Norman, Fox & Co.
  • 12.8. Boli Bioproducts
  • 12.9. Groupe Limagrain Holding
  • 12.10. Cain Food Industries, Inc.

13.ACRONYMS & ASSUMPTION

14.ANNEXURE

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