The analysts forecast global teff market to grow at a CAGR of 15.47% during the period 2018-2022. One trend in the market is online trends.
With the rise in e-commerce businesses across the globe, vendors operating in the superfood industry have a potential to increase their visibility and profitability manifold in the coming years. E-commerce business accounts for nearly 12% of the world's retail trade.
Major key players in the global teff market: Bob’s Red Mill Natural Foods, King Arthur Flour Company, SHILOH FARMS, and THE TEFF COMPANY, and Tobia Teff.
According to the teff market report, one driver in the market is growing awareness of the benefits of teff. Teff is a superseed that contains high amounts of carbohydrates, protein, dietary fiber, and many vitamins and minerals.
Vitamins like vitamin B6 and vitamin B2 are present in the grain along with minerals like magnesium, manganese, phosphorus, potassium, zinc, and many more. About two ounces of teff offer 7 grams (0.25 ounces) of proteins.
Further, the teff market report states that one challenge in the market is fluctuating price of teff. Teff is one of the most priced cereals of Ethiopia.
Different varieties of teff are priced differently. For example, white teff is the most expensive variety of teff followed by mixed teff and red teff.
The price of teff increased steadily since January 2015 till October 2016. Since October 2016, the prices of teff has reduced continuously.
Highest decline in price was observed in Assela and Ambo. Despite the decrease in price, teff still remains unaffordable to less affluent consumers.
Report at www.reportsnreports.com/.aspx?name=1333142.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Global Teff Market 2018-2022:
Exhibit 1: Parent market: Global superfood market
Exhibit 2: Global superfood market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition: Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global teff market Market size and forecast 2017-2022 ($ millions)
Exhibit 9: Global teff market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition: Five forces 2017
Exhibit 18: Global teff market by product Market share 2017-2022 (%)
Exhibit 19: Comparison by product
Exhibit 20: Global conventional teff market Market size and forecast 2017-2022 ($ millions)