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Truffles Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Oct 2022
  • Pages: 159
  • SKU: IRTNTR43639
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The truffles market is estimated to grow at a CAGR of 10.91% between 2022 and 2027. The size of the market is forecast to increase by USD 309.72 million. The growth of the market depends on serval factors, including an increase in demand for fine dining and premium dishes, the health benefits of using truffle-based products, and evolution of the commercial truffle farming.

This report extensively covers market segmentation by 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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

Truffles Market Size

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Parent Market Analysis

Technavio categorizes the global truffles market as a part of the  Packaged Foods & Meats products & within the Consumer Staples Industry. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat products market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment. The market also excludes producers of packaged alcoholic and non-alcoholic beverages, including mineral water. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

 

Truffles Market: Key Drivers, Trends, Challenges, and Customer Landscape

The launch of truffle-based products is notably driving the truffles market growth, although factors such as the fluctuating prices of truffles may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Truffles Market Driver 

  • The launch of truffle-based products is a key factor driving the market evolution and the truffle-based food product launches by regional and international vendors in the food and beverage industry contribute to the growth of the market.
  • Food and beverage vendors are introducing new truffle-based products, such as sauces and truffle oil, which lead to the indirect consumption of truffles in the global market. These launches help increase the revenue for vendors by expanding their consumer base under the premium product category. New product launches help vendors establish long-term relationships with end-users and consumers with regard to the supply of truffles. Also, through the launch of such value-added products, consumers can experience the essence of the taste and aroma of truffles while preparing and eating food, which will positively influence the demand for truffle-based products, as well as truffles, in the global market.

Key Truffles Market Trend

  • The increased use of truffles in fine dining and premium dishes will fuel market growth. The use of truffles in premium dishes that are served at several fine dining restaurants is growing globally. Several top Michelin-starred restaurants use truffles for garnishing eggs, pasta, risotto, and pizza, among other dishes.
  • The use of truffles adds a unique flavor and aroma to dishes. For instance, White Truffle and Gold Pizza ($2,400) is sold by Margo's restaurant in Malta. The thin-crust gourmet pizza is made with white truffles, premium buffalo mozzarella, and 24-carat edible gold leaf. Similarly, Grand Velas Taco ($25,000) is the world's most expensive taco and is sold at the Grand Velas Los Cabos, Cabo San Lucas, Mexico. It is a premium meal containing the finest langoustine, chopped Kobe beef, the world's best Beluga caviar, and black truffle cheese and finished with gold leaf and edible flower petals. It is served with a salsa made from select dried chilies, as well as an ultra-rare tequila and a cup of civet coffee.

Key Truffles Market Challenge

  • The fluctuating prices of truffles are a major challenge to the market and the supply of truffles fluctuates constantly because of changing climatic conditions, which affects the operations of vendors and impacts the prices of truffles. Fluctuations in the prices of truffles are a major challenge in the global truffles market. Hot summers followed by dry autumn seasons in Italy have hampered truffle production.
  • This severely impacted the supply of truffles and led to a significant increase in prices in 2020. The price of white truffles stood at around $4,312 per lb. (pound) in February 2020; however, in March 2020, the price dropped significantly to $3,442 per lb. In Alba (considered the world's biggest truffles marketplace), Italy, the price of white truffles was around $4,500/lb. in 2021. Thus, the widening gap between the demand for and supply of truffles in recent years has resulted in a substantial increase in the prices of truffles.

 

Key Truffles Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Truffles Market Share by Geography

Global Truffles Market Customer Landscape

 

Who are the Major Truffles Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • angellozzi.it - The company offers truffles such as white truffles, winter premium black truffles, and summer black truffles. Also, through this segment, the company offers Whole Black Summer Truffles, Whole Black Truffles, and White Truffles.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, 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

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Truffles Market?

The market share growth by the black truffles segment will be significant during the forecast period. The black truffles segment is expected to witness steady growth 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. Black truffles are usually found under oak trees during the months of September to December. It is native to the Perigord region of southwest France. The price of black truffles is approximately USD 400 per lb. 

Truffles Market Size

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The Black truffles segment showed a gradual increase in market share from USD 150.39 million in 2017 and continued to grow by 2021. Fresh black truffles can be preserved in a solution of light brine. They can refine the taste of fish, meat, soups, and risotto. Unlike white truffles, the aroma of black truffles does not dissipate when heated but becomes more intense. In Spain, black truffles have a strong preference and are widely used in blanched eggs (Huevos Escaldados in Spanish), among other dishes. Compared with white truffles, black truffles are far less pungent, and their flavor is more refined. Black truffles also are used for producing value-added products such as truffle salt and truffle honey.

As truffles cannot be cultivated using conventional methods, vendors in the global truffles market are using advanced techniques to grow black truffles by understanding and altering the natural environment for growing truffles. These techniques use information such as average monthly temperature figures, the effect of rainfall on black truffle yield, soil conditions, and other factors such as free-draining soil. 

 

Which are the Key Regions for the Truffles Market?

Truffles Market Share by Geography

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 APAC is projected to contribute 39% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing popularity of truffles is mainly attributed to the rise in the number of fine dining restaurants across China, Singapore, Hong Kong, and Macau, among other countries. The growth of fine dining restaurants in the region is growing with the rise in the spending capacity of the Millennial population. It is estimated that one-third of the Millennial population in APAC eat at fine dining restaurants at least once a month, and in China, the average visits of Millennials to fine dining establishments are nearly 2-3 times a month. This can drive the demand for truffles in the region as truffles are widely used in these fine-dining restaurants. However, the truffles market in APAC faces challenges from less expensive substitutes like truffle oils. China produces less expensive and low-quality truffles, which are widely available in the region. Moreover, chefs in the region use truffle oil instead of actual expensive truffles to obtain the desired flavor and aroma profile, which could negatively impact the market in APAC during the forecast period. 

 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Product Outlook (USD Million, 2017 - 2027)
    • Black truffles
    • White truffles
    • Others 
  • End-user Outlook (USD Million, 2017 - 2027)
    • Food and beverages
    • Personal care products
    • Pharmaceutical
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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

$ 309.72 million

Market structure

Fragmented

YoY growth (%)

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, Market condition analysis for forecast period

Customization purview

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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 market between 2023 and 2027
  • Precise estimation of the size of the truffles market size and its contribution of the market in focus to 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.
  • 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.

 

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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)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Black truffles - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Black truffles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Black truffles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Black truffles - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Black truffles - Year-over-year growth 2022-2027 (%)
    • 6.4 White truffles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on White truffles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on White truffles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on White truffles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on White truffles - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 49: Chart on Comparison by End-user
      • Exhibit 50: Data Table on Comparison by End-user
    • 7.3 Food and beverages - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
    • 7.4 Personal care products - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Personal care products - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Personal care products - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Personal care products - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Personal care products - Year-over-year growth 2022-2027 (%)
    • 7.5 Pharmaceutical - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Pharmaceutical - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Pharmaceutical - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 63: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Angellozzi Tartuficoltura
              • Exhibit 116: Angellozzi Tartuficoltura - Overview
              • Exhibit 117: Angellozzi Tartuficoltura - Product / Service
              • Exhibit 118: Angellozzi Tartuficoltura - Key offerings
            • 12.4 Arotz S.A.
              • Exhibit 119: Arotz S.A. - Overview
              • Exhibit 120: Arotz S.A. - Product / Service
              • Exhibit 121: Arotz S.A. - Key offerings
            • 12.5 Conservas Ferrer S.A.
              • Exhibit 122: Conservas Ferrer S.A. - Overview
              • Exhibit 123: Conservas Ferrer S.A. - Product / Service
              • Exhibit 124: Conservas Ferrer S.A. - Key offerings
            • 12.6 Gazzarrini Tartufi
              • Exhibit 125: Gazzarrini Tartufi - Overview
              • 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

              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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              Truffles market growth will increase by $309.72 million during 2023-2027.
              The truffles market is expected to grow at a CAGR of 10.91% during 2023-2027.
              Technavio has segmented the truffles market by product (Black truffles, White truffles, and Others) ,end-user (Food and beverages, Personal care products, Pharmaceutical, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              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 are a few of the key vendors in the truffles market.
              APAC will register the highest growth rate of 39.4% among the other regions. Therefore, the truffles market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Japan
              • Germany
              The key factors driving the truffles market growth are:
              • Launch of truffle-based products
              • Increased use of truffles in fine dining and premium dishes
              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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