Truffles market size to grow at a CAGR of 10.91% by 2027; Launch of truffle-based products will drive growth - Technavio
NEW YORK, Feb. 8, 2023 /PRNewswire/ --
Truffles market insights -
Vendors: 15+, including Angellozzi Tartuficoltura, Arotz S.A., Conservas Ferrer S.A., Gazzarrini Tartufi, Katankura, King of Truffles, La Maison Plantin, LES FRERES JAUMARD, NORCINERIA LUCANA, Pecan Ridge Plantation, Sabatino Italia Srl, SAVITAR TARTUFI SRL, Tartufi Morra, The Truffle Ltd., The Welsh Truffle Co., Truffle Hill, TruffleHunter Ltd, Trufflesco, Urbani Tartufi Srl, Urbani Truffles, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Product (Black truffles, White truffles, and Others), End-user (Food and beverages, Personal care products, and Pharmaceutical), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
In 2017, the truffles market was valued at USD 326.66 million. From a regional perspective, APAC held the largest market share, valued at USD 113.38 million. The truffles market size is estimated to grow by USD 309.72 million from 2022 to 2027 at a CAGR of 10.91% according to Technavio.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including ?
Angellozzi Tartuficoltura - The company offers truffles such as white truffles, winter premium black truffle,s and summer black truffles.
Arotz S.A. - The company offers truffles such as Summer truffles.
Conservas Ferrer S.A. - The company offers truffles such as Whole truffles.
Gazzarrini Tartufi - The company offers truffles such as Marzuolo truffles.
Truffles market ? Market Dynamics
Major Drivers ?
Launch of truffle-based products
Health benefits of truffles
Growth in commercial truffle farming
KEY Challenges ?
Fluctuating prices of truffles
Constraints in truffle production
Growing use of artificial and substitute truffle products
The truffles market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
What are the key data covered in this truffles market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the truffles market between 2023 and 2027
Precise estimation of the size of the truffles market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the truffles market industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of truffles market vendors
The chocolate flavor market size is expected to increase by USD 126.14 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.38%. The growing popularity of chocolate flavor-based baked goods is notably driving the chocolate flavor market growth, although factors such as stringent food safety regulations and guidelines may impede the market growth.
The truffle chocolate market size is expected to increase by USD 1.22 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.17%. The increasing number of new product launches is notably driving the truffle chocolate market growth, although factors such as distribution challenges may impede the market growth.
Truffles Market Scope
Report Coverage
Details
Page number
159
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 10.91%
Market growth 2023-2027
USD 309.72 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
9.38
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 39%
Key countries
US, Canada, China, Japan, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Angellozzi Tartuficoltura, Arotz S.A., Conservas Ferrer S.A., Gazzarrini Tartufi, Katankura, King of Truffles, La Maison Plantin, LES FRERES JAUMARD, NORCINERIA LUCANA, Pecan Ridge Plantation, Sabatino Italia Srl, SAVITAR TARTUFI SRL, Tartufi Morra, The Truffle Ltd., The Welsh Truffle Co., Truffle Hill, TruffleHunter Ltd, Trufflesco, Urbani Tartufi Srl, and Urbani Truffles
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global truffles market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global truffles market 2017 - 2021 ($ million)
Exhibit 126: Gazzarrini Tartufi - Product / Service
Exhibit 127: Gazzarrini Tartufi - Key offerings
12.7 La Maison Plantin
Exhibit 128: La Maison Plantin - Overview
Exhibit 129: La Maison Plantin - Product / Service
Exhibit 130: La Maison Plantin - Key offerings
12.8 LES FRERES JAUMARD
Exhibit 131: LES FRERES JAUMARD - Overview
Exhibit 132: LES FRERES JAUMARD - Product / Service
Exhibit 133: LES FRERES JAUMARD - Key offerings
12.9 Sabatino Italia Srl
Exhibit 134: Sabatino Italia Srl - Overview
Exhibit 135: Sabatino Italia Srl - Product / Service
Exhibit 136: Sabatino Italia Srl - Key offerings
12.10 SAVITAR TARTUFI SRL
Exhibit 137: SAVITAR TARTUFI SRL - Overview
Exhibit 138: SAVITAR TARTUFI SRL - Product / Service
Exhibit 139: SAVITAR TARTUFI SRL - Key offerings
12.11 Tartufi Morra
Exhibit 140: Tartufi Morra - Overview
Exhibit 141: Tartufi Morra - Product / Service
Exhibit 142: Tartufi Morra - Key offerings
12.12 The Truffle Ltd.
Exhibit 143: The Truffle Ltd. - Overview
Exhibit 144: The Truffle Ltd. - Product / Service
Exhibit 145: The Truffle Ltd. - Key offerings
12.13 The Welsh Truffle Co.
Exhibit 146: The Welsh Truffle Co. - Overview
Exhibit 147: The Welsh Truffle Co. - Product / Service
Exhibit 148: The Welsh Truffle Co. - Key offerings
12.14 Truffle Hill
Exhibit 149: Truffle Hill - Overview
Exhibit 150: Truffle Hill - Product / Service
Exhibit 151: Truffle Hill - Key offerings
12.15 TruffleHunter Ltd
Exhibit 152: TruffleHunter Ltd - Overview
Exhibit 153: TruffleHunter Ltd - Product / Service
Exhibit 154: TruffleHunter Ltd - Key offerings
12.16 Trufflesco
Exhibit 155: Trufflesco - Overview
Exhibit 156: Trufflesco - Product / Service
Exhibit 157: Trufflesco - Key offerings
12.17 Urbani Truffles
Exhibit 158: Urbani Truffles - Overview
Exhibit 159: Urbani Truffles - Product / Service
Exhibit 160: Urbani Truffles - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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