Authored By: Sarah
02 Sep 2024

Teff Market Size to grow by USD 2216.2 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Teff Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In the burgeoning superfood market, vendors in this sector hold significant potential for enhanced exposure and substantial profitability growth. The global e-commerce industry, accounting for approximately 12% of retail trade, is experiencing a surge. Factors driving this trend include increased online spending per transaction and a rise in the number of global e-commerce transactions. This consumer behavior shift, characterized by a "buy it now" attitude, is fueling market expansion. For instance, the US, with a nearly 90% internet penetration rate in 2016, is expected to witness a rise in internet retailing popularity.

Key Highlights

Growth Projections

The global teff market  size is estimated to grow by USD 2216.2 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  16.38% during the forecast period. Growing awareness of the benefits of teff is driving market growth, with a trend towards online trends  However, fluctuating price of teff  poses a challenge.Key market players include Bobs Red Mill Natural Foods Inc., Ceres Enterprises Ltd., COSTA CONCENTRADOS LEVANTINOS, King Arthur Baking Co. Inc., PROBIOS SpA, SHILOH FARMS, TEFFCOM, THE TEFF CO., Tobia Teff UK Ltd., and Wild For.

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Major Findings

  • The increasing recognition of teff as a nutritious and beneficial grain is driving growth in the global teff market. Teff, a gluten-free ancient grain, is rich in protein, fiber, and essential minerals. Its health advantages, including improved digestion and enhanced energy levels, are gaining popularity among health-conscious consumers. As awareness of teff's nutritional value expands, demand for teff products is projected to rise, fueling market expansion.

  • The Teff market is experiencing significant growth due to the increasing demand for gluten-free food products. Teff, a naturally gluten-free ancient grain, is gaining popularity among health-conscious consumers. Its nutrient-rich properties, including high protein and fiber content, make it an attractive alternative to traditional grains. Food manufacturers are responding to this trend by producing a wide range of Teff-based products, from flour and pasta to bread and beverages. This shift towards gluten-free options is expected to continue, boding well for the future of the Teff market.

  • The teff market experiences frequent price fluctuations due to various factors such as supply and demand dynamics, weather conditions, and geopolitical events. Teff is a hardy crop with a growing demand, particularly in the health food industry, which can lead to price increases. Conversely, an abundant harvest or political instability in major producing countries can result in lower prices. Producers and buyers must closely monitor market trends to mitigate risks and optimize their investments.

  • The Teff market faces significant competition from other emerging superfoods, such as quinoa and amaranth. These grains, like teff, offer high nutritional value and unique health benefits. However, teff's distinct taste and versatility, as well as its historical and cultural significance in Ethiopian and Eritrean cuisines, set it apart from its competitors. Teff's ability to be processed into various forms, including flour, injera, and pasta, also broadens its market appeal. Despite the competition, teff's unique characteristics make it a valuable addition to the superfood market.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and enhance shelf life. According to Technavio, the market's size is determined by the consolidated revenue of the participating manufacturers. This market segment excludes food processing equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the global packaged foods and meats market include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.

The Teff Market is experiencing significant growth, fueled by the Growing awareness of the benefits of teff. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

As a seasoned business analyst, I'm pleased to provide insights into the Teff market. Teff is a nutritious ancient grain with growing demand due to its gluten-free and high-protein properties. The market is projected to expand at a steady CAGR, driven by increasing health awareness and consumer preference for natural and organic food. Key players include Oromagri, Tesfamariam Teff Mill, and Ethiopian Teff Processing Enterprise. Strategic partnerships, product innovation, and expansion into new markets are crucial for competitive advantage.

Research Analysis Overview

Title: Teff Market: Unleashing the Nutritional Power of Ethiopian Cuisine Key Insights: The Teff market is witnessing a surge in demand due to the unique health benefits of this ancient Ethiopian grain. Ethiopian food, renowned for its rich and diverse flavors, is gaining popularity worldwide, fueling the demand for key ingredients like Teff. Teff, a tiny, ivory or reddish brown grain, is a staple in Ethiopian cuisine. It is used to make porridge, waffles, chocolates, muffins, bread, and the famous Ethiopian injera bread. Teff is an excellent source of minerals, including calcium, iron, and essential amino acids. It is also rich in fiber content, making it a preferred choice for those with gluten sensitivity. Culinary Applications: Teff's versatility extends beyond its nutritional benefits. It can be processed into whole grain Teff, Teff Flour, or Gluten-free products. Ivory Teff and Yellowish Brown Teff are popular varieties used in baking, while Millet is sometimes added to Teff porridge for added texture and flavor. Health and Nutrition: Teff's high mineral content, including 20mg of iron per 100g, makes it a powerhouse of nutrition. Its high fiber content aids digestion and promotes satiety. Teff is also rich in essential amino acids, making it a complete protein source. Conclusion: The Teff market is poised for growth, driven by the health benefits and culinary applications of this ancient Ethiopian grain. As consumers become more health-conscious, the demand for whole grain Teff and Gluten-free products is expected to rise.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Email: media@technavio.com
Website: www.technavio.com/

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