bread: Easy Tiger Bakeshop
cheese: Dos Lunas Cheese and/or Pure Luck Farm
ice cream: Lick Ice Cream and/or Dolce Neve Gelato
chocolate: Delysia Chocolatier
olive oil: Texas Olive Ranch
wine: Austin Winery
restaurants, mini-cafes, small eateries: the potential list is too lengthy to include here
tea: Zhi Tea or The Steeping Room
coffee: Houndstooth Coffee, Cuvee Coffee, Medici Coffee (again, another long list of potentials)
pastry shop: Sugar Mama's Bakeshop or Bribery Bakery
ceramics: Keith Kreeger Studios
garden & home shop: Mockingbird Domestics, Spartan, and/or Breed & Co.
meat: Salt & Time or Richardson Farms
honey: Round Rock Honey
Also, the Ferry Plaza Farmers Market (CUESA) is open three days a week on the premises. I imagine SFC Farmers' Market as the Austin version of that entity. The first potential space in Austin that comes to mind for such a marketplace is the Seaholm Power Plant which is soon to open as a mixed-use, residential, retail and office space development, with some green space overlooking Lady Bird Lake. The problem with Seaholm is it may be already too far gone, with tenants like Trader Joe's onboard; that wouldn't be in keeping with the local concept. If there is no suitable building downtown, possibly something central or midtown could work. Many large cities like New York City (Chelsea Market), Boston (Faneuil Hall Marketplace) and Seattle (Pike's Place Market) have their own unique version of the Ferry Building Marketplace. It might be the right time for Austin to have its own.