The truffles market size was USD (value) in (2017) and is estimated to reach USD (value), progressing at a CAGR of USD 309.72 million by 2027. The launch of truffle-based products is a key factor driving the truffles market growth.
Technavio publishes the new report on “truffles market 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).” The truffles market growth by the black truffles segment will be significant during the forecast period.
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The truffles market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major truffles market vendors are:
Based on geography, the truffles market is segmented across APAC, North America, Europe, South America, and Middle East and Africa. APAC is projected to contribute 39% of the truffles market size by 2027. 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 launch of truffle-based products is a key factor driving the truffles market value.
The increased use of truffles is the major truffles market trend which will positively influence market growth.
Fluctuating prices of truffles are a major challenge to the truffles market size.
Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the truffles market. Download the PDF Sample Report
YOY growth rate of the truffles market.
A diversified analysis of the market’s competitive landscape and detailed information about vendors.
Accurate prediction about upcoming trends and changes in consumer behavior across APAC, North America, Europe, South America, and Middle East and Africa.
Comprehensive details of factors that will impact the growth of truffles market vendors.
