Global Chufa Market: Snapshot
The global chufa market is all set to show prodigious growth during the forecast period of 2020 to 2030. One of the key reasons for this growth is growing use of chufa in diverse industry verticals. Chufa is rapidly growing grass-like plant that generally requires moist, wet soils and warm climate to grow. Chufa has slightly almond-like flavor and is generally consumed raw as well as cooked. Apart from this, it is widely used in a preparation of a traditional drink named horchata.
An upcoming research report from TMR on the global chufa market aims to provide complete study of key factors such as challenges, drivers, restraints, and opportunities of this market. In addition, this report intends to present reliable data on shares, volume, and revenues of the market for chufa. Inclusive data on key players and their business strategies is adroitly covered in this study. Thus, the report works as a helpful guide of the global chufa market for the forecast period of 2020 to 2030.
The global chufa market is segmented on the basis of various key factors such as application, type, and region. Based o type, the global chufa market is bifurcated into micro, small, and large micro.
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Global Chufa Market: Growth Dynamics
The global chufa market is witnessing remarkable sales avenues. The market is growing on the back of growing use of chufa for medicinal purposes. The tubers of chufa plant contain high amount of carbohydrate, protein, and oleic acid. This aside, around 20–28% of their mass contain non-drying oil. This oil is widely used in industries for diverse purposes such as instrument lubricants and in cosmetics. As a result, the global chufa market is witnessing remarkable demand avenues from all across the world.
Growing awareness about the health benefits of chufa is one of the key reasons driving market growth. For instance, chufa milk is popular in Chinese people as a liver tonic. At the same time, it found to be effective in healing gum and mouth ulcers. In addition to this, chufa is gaining traction in African countries as a cancer-curing product. Owing to all these features, the global chufa market is expected to gain prodigious amount in the form of revenues in years ahead.
Global Chufa Market: Notable Development and Competitive Analysis
The global chufa market is moderately fragmented in nature. Presence of gamut of players indicates that the competitive landscape of the market for chufa is highly intense. Key vendors from this market are executing diverse strategies such as new product launches to expand their customer base. Apart from this, they are pouring efforts to grow their regional presence. Strategies such as mergers, acquisitions, partnerships, and collaborations are helping companies to achieve this motive.
The list of key players in the global chufa market includes:
- The Chufa
- KCB International
- The Tiger Nut
- Chufa De Valencia
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Global Chufa Market: Regional Assessment
The global chufa market is spread across five key regions, namely, Europe, North America, Central and South America, Asia Pacific, and Middle East and Africa. Of them, Europe is one of the lucrative regions of the market for chufa. Key factor supporting this market growth is easy availability of chufa in this region. Apart from this, growing popularity of horchata in this region is expected to fuel the growth of the chufa market in the upcoming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.