Truffles Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43639
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The truffles market share is expected to increase by USD 235.23 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.59%.

This truffles market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (black truffles, white truffles, and others) and geography (APAC, North America, Europe, South America, and MEA). The truffles market report also offers information on several market vendors, including Angellozzi Tartuficoltura, Arotz S.A., Hazel Hill Pty Ltd, La Maison Plantin, LES FRÈRES JAUMARD, Sabatino Italia Srl, SAVITAR TARTUFI SRL, The Truffles Co., The Welsh Truffle Co., and Urbani Tartufi Srl, among others.

What will the Truffles Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Truffles Market Size for the Forecast Period and Other Important Statistics

 

Truffles Market: Key Drivers and Challenges

The launch of truffle-based products is notably driving the truffles market's growth, although factors such as the fluctuating prices of truffles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the truffles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Truffles Market Driver

Truffle-based product launches by regional and international vendors in the food and beverage industry contribute to the growth of the global truffles market size. Food and beverage vendors are introducing new truffle-based products, such as sauces and oil, that lead to indirect consumption of truffles in the global market. These launches help increase the revenue of vendors by expanding their consumer base under the premium product category. Product launches help players increase their market share and give them a competitive edge over other players. Therefore, the launch of truffle-based products will drive market growth during the forecast period.

Key Truffles Market Challenge

Globally, the supply of truffles is fluctuating because of changing climatic conditions, which affects the operations of vendors and has impacted the prices of truffles. Fluctuations in the prices of truffles are a major challenge in the global truffles market. Hot summer followed by dry autumn in Italy has also hampered truffle production. The widening gap between demand and supply in recent years has resulted in a substantial increase in the prices of truffles. Thus, the fluctuating prices of truffles will impede market growth.

This truffles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Truffles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Angellozzi Tartuficoltura
  • Arotz S.A.
  • Hazel Hill Pty Ltd
  • La Maison Plantin
  • LES FRÈRES JAUMARD
  • Sabatino Italia Srl
  • SAVITAR TARTUFI SRL
  • The Truffles Co.
  • The Welsh Truffle Co.
  • Urbani Tartufi Srl

 

This statistical study of the truffles market encompasses successful business strategies deployed by the key vendors. The truffles market is fragmented, and the vendors are deploying growth strategies such as offering products with moderate differentiation to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The truffles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Truffles Market?

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35% of the market’s growth will originate from APAC during the forecast period. China is the key market for truffles in APAC. However, market growth in this region will be slower than the growth of the market in all other regions.

The growing popularity of truffles in APAC is mainly attributable to a rise in fine dining restaurants across China, Singapore, Hong Kong, and Macau, among other countries. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Truffles Market?

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The truffles market share growth by the black truffles segment will be significant during the forecast period. The black truffles segment is expected to witness a steady growth rate during the forecast period, led by the rising demand for black truffles from restaurant chains across France, the UK, the US, China, Hong Kong, Singapore, and others.

This report provides an accurate prediction of the contribution of all the segments to the growth of the truffles market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Truffles Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.59%

Market growth 2021-2025

USD 235.23 million

Market structure

Fragmented

YoY growth (%)

9.57

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

China, the US, Italy, Canada, and Mexico

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Angellozzi Tartuficoltura, Arotz S.A., Hazel Hill Pty Ltd, La Maison Plantin, LES FRÈRES JAUMARD, Sabatino Italia Srl, SAVITAR TARTUFI SRL, The Truffles Co., The Welsh Truffle Co., and Urbani Tartufi Srl

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, 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.

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What are the Key Data Covered in this Truffles Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive the truffles market's growth during the next five years
  • Precise estimation of the truffles market's size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the truffles industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of truffles market's vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Black truffles - Market size and forecast 2020-2025
    • White truffles - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Angellozzi Tartuficoltura
      • Arotz S.A.
      • Hazel Hill Pty Ltd
      • La Maison Plantin
      • LES FRÈRES JAUMARD
      • Sabatino Italia Srl
      • SAVITAR TARTUFI SRL
      • The Truffles Co.
      • The Welsh Truffle Co.
      • Urbani Tartufi Srl

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The truffles market growth will increase by $20.51 million during 2019-2024.
      The truffles market is expected to grow at a CAGR of 1.27% during 2019-2024.
      Technavio has segmented the truffles market by product (Black truffles, White truffles, and Others) and geographic (Europe, North America, APAC, MEA, and South America).
      Angellozzi Tartuficoltura, Arotz SA, Gazzarrini Tartufi, La Maison Plantin, Les Frères Jaumard, Sabatino Italia Srl, The Truffle & Wine Co., The Truffles Co., The Welsh Truffle Co., Urbani Tartufi Srl are a few of the key vendors in the truffles market.
      North America will register the highest growth rate of 30.23% among the other regions. Therefore, the truffles market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • France
      • Italy
      • UK
      • China
      • Spain
      The key factors driving the truffles market growth are:
      • Launch of truffle-based products
      The truffles market vendors should focus on grabbing business opportunities from the black truffles segment as it accounted for the largest market share in the base year.
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