SpendEdge Releases Procurement Market Research Report for the Wheat Market

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Wheat Procurement Market Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the agro commodities and raw materials industry. This report breaks down the data and analysis behind the procurement of wheat and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Wheat Procurement Market Intelligence Report (Graphic: Business Wire)

Global Wheat Procurement Market Intelligence Report (Graphic: Business Wire)

“The market growth for the wheat market is dependent on the rise in consumption of wheat in the food industry as wheat proteins,” says SpendEdge procurement analyst A Kowshik. “Wheat finds wide applications in various food products such as confectionery, bakery, dairy, nutritional supplements, and sports food,” added Kowshik.

Key Report Features

Supply Market Insights           Negotiation Strategies
Procurement Best Practices           Category Risk Analysis
Cost Saving Opportunities           Key Supplier Analysis
Pricing Models           Supplier Capability Matrix

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Report Insights

  • The growth of the global wheat market is driven by the rise in the consumption of wheat in the form of flour due to its various health benefits such as improves body metabolism, controls obesity, lowers cholesterol level, and assists in regulating blood sugar levels.
  • Purchasing managers must ensure that suppliers follow crop management practices to provide quality wheat of high protein content. Effective crop management focuses on parameters such as wheat varieties and rotation and cultivation for retention of proteins content.
  • Wheat is a major agricultural raw material for numerous 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 the food companies.

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Wheat Pricing Trends

The market-based pricing is the widely accepted pricing model in the wheat market globally. Purchasing managers are charged based on the prices offered by competitors, resulting in similar price offerings across the industry. Similar price offerings through-out the industry lead to high bargaining power for purchasing managers.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.