Teff Market - Forecast(2024 - 2030)

Report Code: FBR 0610 Report Format: PDF + Excel

Teff Market Overview:

The Teff Market is expected to grow at a CAGR of 11%, the market value projected to increase is from USD $1500 Million in 2022 to USD $3500 Million by 2030. The growth of the market is being driven by the increasing demand for gluten-free products, the growing popularity of teff-based products, and the expansion of teff cultivation. Teff is a small, gluten-free grain that is native to Ethiopia. It is a good source of protein, fiber, and minerals, and it is low in calories. Teff can be used to make a variety of products, including flour, pasta, bread, and snacks. This growth is being driven by the increasing number of people who are allergic to gluten or who are following a gluten-free diet for health reasons. Teff is a good alternative to wheat flour for people who are gluten-intolerant, and this is driving demand for teff products.

The popularity of teff-based products is also driving the growth of the market. Teff can be used to make a variety of products, including injera, a traditional Ethiopian flatbread, and teff waffles. These products are gaining popularity in Western countries, and this is driving demand for teff. Teff cultivation is expanding to other countries, such as Australia, India, and the United States. This expansion is expected to increase the supply of teff and help to meet the growing demand.

The Teff market is facing some challenges, such as the high cost of teff and the lack of availability of teff products in some countries. However, the growth of the market is expected to continue in the coming years, driven by the factors mentioned above. The Teff market is facing some challenges, such as the high initial investment cost, the lack of skilled labor, and the limited availability of renewable energy resources. However, the market is expected to grow in the coming years due to the increasing demand for sustainable and clean energy sources.

Market Snapshot:               
Teff Market - Report Coverage:

The “Teff Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Teff Market.

Attribute

Segment

 

 

 

By Product Type

  • Bakery Products

  • Breakfast Cereals

  • Soups and Sauces

  • Flour

  • Snack and Nutritional Bars

  • Others

 

By Type

  • Organic

  • Inorganic/Conventional

By Distribution channel

  • Store Based Retailers

  • Online Retailers





By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).


Teff Market - Top Trends

Growing Demand for Gluten-Free Products: Teff is a gluten-free grain, making it popular among consumers with gluten sensitivities or those seeking gluten-free alternatives. This trend was expected to continue as more people adopted gluten-free diets.

Health and Nutritional Benefits: Teff is known for its nutritional value, including being a good source of protein, dietary fiber, iron, and other vitamins and minerals. The rising interest in healthy eating and plant-based diets contributed to the growing demand for teff-based products.

Increased Awareness of Teff: Teff, which is native to Ethiopia, gained popularity worldwide as people became more aware of its nutritional benefits and culinary versatility. Its use in various dishes like injera (a traditional Ethiopian flatbread) and as an ingredient in gluten-free baked goods and snacks increased.

Expansion of Teff Farming: As demand increased, there was a growing interest in cultivating teff outside of Ethiopia. Some countries, particularly in North America and Europe, started experimenting with teff cultivation to meet local demand and reduce dependence on Ethiopian imports.

 

The Teff Market - Company Analysis

The company analysis in the Teff Market involves an in-depth study of the leading companies operating in the market. It includes a detailed analysis of the company's business overview, financial performance, product portfolio, market share, strategic initiatives, and SWOT analysis. The aim of the company analysis is to provide a comprehensive understanding of the competitive landscape of the Teff Market and help market players make informed decisions. It also provides insights into the market strategies of the key players and their impact on the overall market growth.

The key players in the Teff market are Bobs Red Mill Natural Foods Inc., Ceres Enterprises Ltd. , COSTA CONCENTRADOS LEVANTINOS , King Arthur Baking Company Inc. , PROBIOS SpAAB . These players are focusing on expanding their product portfolio, investing in research and development, and acquiring smaller players to strengthen their position in the market.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Teff Market adopt. The top 10 companies in Teff Market are listed below:

  1. Bobs Red Mill Natural Foods Inc.
  2. Ceres Enterprises Ltd.
  3. COSTA CONCENTRADOS LEVANTINOS
  4. King Arthur Baking Company Inc.
  5. PROBIOS SpA
  6. SHILOH FARMS
  7. TEFFCOM
  8. THE TEFF CO.
  9. Tobia Teff UK Ltd.
  10. Wild For
  11. Love Grain
  12. Ancient Harvest
  13. Bluebird Grain Farms
  14. Private Label  Brands
  15. Local and Regional Teff Producers

Scope of the Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

11%

Market Size in 2030

USD $3500 Million

Segments Covered

Product Type, Type, Distribution channel, and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Bobs Red Mill Natural Foods Inc.

  2. Ceres Enterprises Ltd.

  3. COSTA CONCENTRADOS LEVANTINOS

  4. King Arthur Baking Company Inc.

  5. PROBIOS SpA

  6. SHILOH FARMS

  7. TEFFCOM

  8. THE TEFF CO.

  9. Tobia Teff UK Ltd.

  10. Wild For

For more Food and Beverage Market related reports, please click here
1. Teff Market Overview
    1.1 Definitions and Scope
2. Teff Market – Executive Summary
3. Teff Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Teff Market – Startup Company Scenario 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Teff Market – Market Entry Scenario Premium 
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Teff Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Teff Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Teff Market – By Product Type (Market Size - $Million/$Billion)
    8.1 Bakery products
        8.1.1 Key Market Trends, Growth Factors and Opportunities
        8.1.2 Market Size & Forecast by Region
    8.2 Breakfast Cereals
        8.2.1 Key Market Trends, Growth Factors and Opportunities
        8.2.2 Market Size & Forecast by Region
    8.3 Soups and sauces
        8.3.1 Key Market Trends, Growth Factors and Opportunities
        8.3.2 Market Size & Forecast by Region
    8.4 Flour
        8.4.1 Key Market Trends, Growth Factors and Opportunities
        8.4.2 Market Size & Forecast by Region
    8.5 Snack and nutritional bars
        8.5.1 Key Market Trends, Growth Factors and Opportunities
        8.5.2 Market Size & Forecast by Region
    8.6 Others
        8.6.1 Key Market Trends, Growth Factors and Opportunities
        8.6.2 Market Size & Forecast by Region
9. Teff Market –By Type(Market Size - $Million/$Billion)
    9.1 Organic
        9.1.1 MKey Market Trends, Growth Factors and Opportunities
        9.1.2 Market Size & Forecast by Region
    9.2 Inorganic/Conventional
        9.2.1 Key Market Trends, Growth Factors and Opportunities
        9.2.2 Market Size & Forecast by Region
    9.3 Others
        9.3.1 Key Market Trends, Growth Factors and Opportunities
        9.3.2 Market Size & Forecast by Region
10. Teff Market –By Distribution channel(Market Size - $Million/$Billion)
    10.1 Organic
        10.1.1 Key Market Trends, Growth Factors and Opportunities
        10.1.2 Market Size & Forecast by Region
    10.2 Inorganic/Conventional
        10.2.1 Key Market Trends, Growth Factors and Opportunities
        10.2.2 Market Size & Forecast by Region
    10.3 Others
        10.3.1 Key Market Trends, Growth Factors and Opportunities
        10.3.2 Market Size & Forecast by Region
11. Teff Market – by Geography (Market Size - $Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 U.K.
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Teff Market – Market Entropy
    12.1 New product launches
    12.2 M&A’s, collaborations, JVs and partnerships
13 Teff Market – Industry Competition Landscape 
    13.1 Market Share Analysis
        13.1.1 Market Share by Technology – Key Companies
        13.1.2 Market Share by Country – Key Companies
        13.1.3 Market Share by Region – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Teff Market – Key Company List by Country Premium 
15. Teff Market – Company Analysis
    14.1 Bobs Red Mill Natural Foods Inc.
    14.2 Ceres Enterprises Ltd.
    14.3 COSTA CONCENTRADOS LEVANTINOS
    14.4 King Arthur Baking Company Inc.
    14.5 PROBIOS SpA
    14.6 SHILOH FARMS
    14.7 TEFFCOM
    14.8 THE TEFF CO.
    14.9 Tobia Teff UK Ltd.
    14.10 Wild For
    14.11 Love Grain
    14.12 Ancient Harvest
    14.13 Bluebird Grain Farms
    14.14 Private Label  Brands
    14.15 Local and Regional Teff Producers
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The Teff Market is forecast to grow at 11% during the forecast period 2023-2030.

The Global Teff Market size is estimated to be $1500 Billion in 2023 and is projected to reach USD $3500 Million by 2030.

The leading players in the Teff Market are Bobs Red Mill Natural Foods Inc., Ceres Enterprises Ltd., COSTA CONCENTRADOS LEVANTINOS and other.