Truffles market size to grow at a CAGR of 10.91% from 2022 to 2027, Launch of truffle-based products to be a leading market trend - Technavio

NEW YORK, April 3, 2023 /PRNewswire/ -- Technavio has been monitoring the truffles market, and it is expected to grow by USD 309.72 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 10.91% during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The growing use of truffles in fine dining and premium dishes will fuel market growth. Several top Michelin-starred restaurants use truffles to garnish eggs, pasta, risotto, and pizza, among other dishes, as they add a unique flavor and aroma. For instance, White Truffle and Gold Pizza 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. Hence, the rise in the use of truffles in fine dining is expected to drive market growth for the global truffles market. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report 

Truffles Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our truffles market report covers the following areas:

• Truffles Market size
• Truffles Market trends
• Truffles Market industry analysis
• Truffles Market five forces analysis
• Truffles Market competitive landscape

Truffles Market 2023-2027: Major Driver

• The launch of truffle-based products is a key factor driving the market growth for the truffles market during the forecast period. 
• These product 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 regarding the supply of truffles.
• Consumers can experience the essence of the taste and aroma of truffles while preparing and eating food through the launch of such value-added products. 
• Hence, truffle-based food product launches such as sauces and truffle oil by regional and international vendors in the food and beverage industry contribute to the growth of the market. 

Truffles Market 2023-2027: Segmentation

• Product 
• Black Truffles
• White Truffles
• Others
• End-user 
• Food And Beverages
• Personal Care Products
• Pharmaceutical
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

The market share growth of the black truffles segment will be the largest contributor to the truffles market growth during the forecast period. The growth can be attributed to factors such as the rising demand for black truffles from restaurant chains across France, the UK, the US, China, Hong Kong, Singapore, and others. The demand for black truffles is high among end-users such as Michelin-star restaurants and manufacturers of premium packaged food products. Hence, vendors need to adopt advanced techniques to keep the nutrients, taste, and aroma intact in black truffles.

Insights on the market contribution of various segments including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report 

This study identifies fluctuating prices of truffles as one of the prime reasons challenging the truffles market growth during the forecast period. 

The fluctuating prices of truffles are a primary challenge to the truffles market. The supply of truffles fluctuates constantly due to the changing climatic conditions, which affects the operations of vendors and impacts the prices of truffles. Hot summers followed by dry autumn seasons in Italy hampers truffle production, which severely impacts the supply of truffles and led to a significant increase in prices. Hence, factors such as the widening gap between the demand for and supply of truffles in recent years resulted in a substantial increase in the prices of truffles.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Truffles Market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Truffles Market, including some of the vendors such as 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, among others. Backed with competitive intelligence and benchmarking, our research reports on the truffles market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings - 

• Angellozzi Tartuficoltura - The company offers truffles such as white truffles, winter premium black truffles, 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 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist truffles market growth during the forecast period
• Estimation of the truffles market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the truffles market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of truffles market vendors

Gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

Related Reports:

• 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.

Browse for Technavio's Consumer Staples market reports

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)

• 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

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio