Global truffles market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand from the food and culinary industry, particularly in high-end restaurants and gourmet food sectors. Truffles are prized for their unique flavour and aroma, making them a sought-after ingredient in various cuisines globally. Additionally, the rising consumer awareness of truffles’ culinary value and health benefits, coupled with growing disposable incomes, further drives demand.
New product launches further aiding to the market growth. For instrance, in September 2023, Honey Mama launched Truffle Treats, a new line of raw honey-sweetened treats catering to convenience and flavour. Priced at $2.49, each pack contains two 1.0oz treats that include flavoursthat are best-selling chocolate cake, new mocha crunch, and new cinnamon roll. Truffle Treats tout 80 calories, 4g sugar, and paleo-friendly ingredients, emphasizing Honey Mama’s commitment to indulgence and health.
Further, in April 2023, Three Hills Capital Solutions IV (“THCS IV”) invested in SabatinoTartufi, a leading producer of truffle-based products headquartered in West Haven, Connecticut, with operations in Montecastrilli, Umbria, Italy that has partnered with the Balestra family and Traub Capital Partners, THCP aims to leverage its Italian market connections and European food and retail network to support Sabatino’s growth.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product
- By Form
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes The Truffle Ltd., The Truffles Co., The Welsh Truffle Co., and others.
Truffles Market Report Segment
By Product
- Black Truffles
- White Truffles
By Form
- Fresh Truffles
- Processed Truffles
By Application
- Food and Beverages
- Cosmetics and Personal Care Product
- Pharmaceutical
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Truffles Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AngellozziTartuficoltura
- Black Boar Truffle, LLC
- Colorful Farm Food Co. Ltd.,
- Conservas Ferrer S.A.,
- DiSanto and Family
- GazzarriniTartufiSnc
- Gourmet Attitude
- Great Southern Truffles
- Katankura
- La Truffe du Ventoux
- LES FRRES JAUMARD,
- Monini
- OLD WORLD TRUFFLES
- PLANTIN SAS
- PLANTIN Truffles
- Ramelli Truffle
- Sabatino Truffles
- SAVITAR TARTUFI
- TartufiMorraSrl
- The Truffle Ltd.
- The Truffles Co.
- The Welsh Truffle Co.
- Truffle Hill
- Truffle Kerfuffle
- Truffleist
- Trufo
- UrbaniTartufi S.R.L.
- Urbani Truffles
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