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.
The market study is being classified by Type (Flour, Bakery, Cereals, Beverages, Snacks and Others (Infant Food, Soups, Sauces)) and major geographies with country level break-up. 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 predicts 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 profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Teff Products market by Type, Application and Region.
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).
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.
- Upsurging demand for organic products
- High adoption of the gluten-free and vegan-friendly product
- The increasing number of high-income level group in developed countries and urban population in developing countries
- Changing consumer preferences
- The increasing demand for breakfast cereals, bakery products and snacks in developing countries
- High cost associated with Teff Products
- Stringent government regulation regarding food products
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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