Truffles Market witnessed USD 80.6 Million in 2020, growing at a robust CAGR of 19% during forecast period.

Introduction of the Truffles Market Report

Truffles are the edible fungi grown in calcareous soils near the roots of broadleaved trees including oak or hazelnut and are produced in limited areas around the world, including France, Italy, New Zealand, China, North Africa, the Middle East, and the Pacific Northwest regions.

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Market Dynamic

Key Drivers and Emerging Trends

Rising catering industry, rising number of gourmet and high-end restaurants, and rising disposable incomes together with the changing consumer preference to taste truffle varieties are some of the major factors expected to drive the growth of the truffle market. In addition, increased use of different types of truffles including black truffles, white truffles, summer truffles and garlic truffles in fine dining and premium dishes owing to their high nutrient profile that includes vitamin C, phosphorus, sodium, calcium, magnesium, manganese, antioxidants, iron and other minerals is further supporting the market growth. Moreover, increasing production of commercial truffle farming coupled with development in cultivation techniques is expected to provide growth opportunities to the market.

Restraint in the Truffles Market

However, the growing use of artificial and substitute truffle products including porcini mushrooms, is expected to hamper the truffle market share growth. Additionally, high cost of truffle farming and difficulty in storing truffles for a long period of time are further restraining the market growth.

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Product – Segment Analysis

Based on the product, black truffles is expected to hold a large market share. This can be attributed to the growing use of black truffles with sauces pates, red meat, poultry, and other flavoured dishes. In addition, black truffles much more affordable and they have a stronger and earthier flavour and aroma than other types of truffles.

Application – Segment Analysis

Based on the application, dressing is expected to grow at a notable CAGR over the forecast period primarily due to the increasing use of truffle oil in dressing salad, soup, and other gourmet dishes. Moreover, rising popularity of eating green salad and increasing awareness pertaining the health benefits of using truffle oil that includes lowering cholesterol, controlling blood sugar, protecting liver from damage, and fighting bacterial infection is further expected to contribute to the market growth.

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Regional – Segment Analysis:

Europe is projected to hold a prominent share in the market owing to the high consumer spending power, increased use of truffle in French dishes coupled with the high production of truffles in countries including Italy, Netherland, France, and Spain. Moreover, presence of leading players Arotz S.A., Conservas Ferrer S.A., Gazzarrini Tartufi Snc, La Maison Plantin, and Les Frères Jaumard including is further expected to contribute to the growth of the truffle market.

Top Market Players

Several leading Truffles companies operating in the market, include, Arotz S.A., Conservas Ferrer S.A., Gazzarrini Tartufi Snc, La Maison Plantin, Les Frères Jaumard, Qingdao Colorful-Farm Food Co. Ltd., Sabatino Tartufi, Truffle Hill, Trufflesco, Truff, and Others. 

Key Developments: 

• • In 2021, TRUFF, one of the prominent truffle brand launched TRUFF Black Truffle Oil. The TRUFF Black Truffle Oil is a blend of olive oil and real black winter truffle.

Segments covered in the Report:

The global Truffles market has been segmented on the basis of product, application, and key regions. Based on product, the market is segmented into black truffle, white truffle, and others. Based on the application, the market is segmented into meat, cheese, pasta, dressing, and others. 

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Key questions answered in this research report:

• • At what pace is global Truffles Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Truffles Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Truffles Market?
  • Which product generated maximum revenues in 2020 and identify the most promising material during the forecast period?
  • What are the various applications of global Truffles Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 80.6 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Arotz S.A., Conservas Ferrer S.A., Gazzarrini Tartufi Snc, La Maison Plantin, Les Frères Jaumard, Qingdao Colorful-Farm Food Co. Ltd., Sabatino Tartufi, Truffle Hill, Trufflesco, and Truff among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Truffles Market by Product

• • Black truffle
  • White Truffle
  • Others

Global Truffles Market by Application

• • Meat
  • Cheese
  • Pasta
  • Dressing
  • Others

Global Truffles Market by Region

• • North America Truffles Market (Option 1: As a part of the free 25% customization)
    • North America Truffles Market by Product
    • North America Truffles Market by Application
    • US Truffles Market All-Up
    • Canada Truffles Market All-Up
  • Europe Truffles Market (Option 2: As a part of the free 25% customization)
    • Europe Truffles Market by Product
    • Europe Truffles Market by Application
    • UK Truffles Market All-Up
    • Germany Truffles Market All-Up
    • France Truffles Market All-Up
    • Spain Truffles Market All-Up
    • Rest of Europe Truffles Market All-Up
  • Asia-Pacific Truffles Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Truffles Market by Product
    • Asia-Pacific Truffles Market by Application
    • China Truffles Market All-Up
    • India Truffles Market All-Up
    • Japan Truffles Market All-Up
    • Rest of APAC Truffles Market All-Up
  • RoW Truffles Market (Option 4: As a part of the free 25% customization)
    • RoW Truffles Market by Product
    • RoW Truffles Market by Application
    • Brazil Truffles Market All-Up
    • South Africa Truffles Market All-Up
    • Saudi Arabia Truffles Market All-Up
    • UAE Truffles Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Truffles Market All-Up

Major Players Operating in the Truffles Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arotz S.A.
  • Conservas Ferrer S.A.
  • Gazzarrini Tartufi Snc
  • La Maison Plantin
  • Les Frères Jaumard
  • Qingdao Colorful-Farm Food Co. Ltd.
  • Sabatino Tartufi
  • Truffle Hill
  • Trufflesco
  • Truff