Teff Products Market Scope
Teff products are made up of grain, mostly grown in Ethiopia. In terms of nutrition content, it is highly rich in dietary fibers, iron, protein, calcium, and other nutrients. Currently, the demand for teff is growing in the global market due to its increasing demand for food products such as bakery, beverages, flour, breakfast cereals, snacks, and many other food products. Moreover, Teff is vegan and free from gluten in the favorable product due to which its trade is developing the international business as it can be smoothly combined in a vegetarian meal, wholesome snacks, stamina bars, and low-calorie diet and is regarded as one of the major factors for driving the growth of the market.
According to AMA, the Global Teff Products market is expected to see growth rate of 12.7%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Teff Products market throughout the predicted period.
THE TEFF COMPANY (United States), Conagra Brands Inc (United States), Love Grain (United States), PROBIOS S.p.A (Italy), CERES ORGANICS (New Zealand), Mama Fresh Injera PLC (Ethiopia), Amandin Organic Products (Spain) and SHILOH FARMS (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Teff Products market by Type (Flour, Bakery, Cereals, Beverages, Snacks and Others (Infant Food, Soups, Sauces)) and Region with country level break-up.
On the basis of geography, the market of Teff Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Upsurging demand for organic products and High adoption of the gluten-free and vegan-friendly product
Market Growth Drivers:
The increasing number of high-income level group in developed countries and urban population in developing countries
Challenges:
Stringent government regulation regarding food products
Restraints:
High cost associated with Teff Products
Opportunities:
Changing consumer preferences and The increasing demand for breakfast cereals, bakery products and snacks in developing countries
Market Leaders and their Expansionary Development Strategies
On 15th February 2019, TeffLand has launched new lines of grain and flour for the popular Teff cereal. The new products maintain all of Wheat’s advantages and none of its disadvantages. Unlike its Wheat counterpart, Teff flours make for protein-dense meals, equipped to combat the rising blood sugar-related diseases around the world.
The most important requirement for teff is to make sure it is safe for consumption. Food safety and traceability should be your top priority. Non-compliance can lead to temporary import stops or to stricter control from your country. As a supplier you must make sure to work according to the guidelines of Hazard Analysis and Critical Control Points (HACCP)
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.