Key Market Dynamics:
- Market Driver - Launch of truffle-based products
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.
- Market Challenges - Fluctuating prices of truffles
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
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The truffles market report is segmented by Product (black truffles, white truffles, and others) and Geography (APAC, North America, Europe, South America, and MEA). APAC will be the leading region with 35% of the market's growth during the forecast period. China is the key market for truffles in APAC.
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Some Companies Mentioned
The truffles market is fragmented, and the vendors are deploying growth strategies such as offering products with moderate differentiation to compete in the market.
- Angellozzi Tartuficoltura
- Arotz S.A.
- Hazel Hill Pty Ltd
- La Maison Plantin
- LES FRÈRES JAUMARD
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Truffles Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 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, US, Italy, Canada, and Mexico |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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 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. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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 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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