Black Truffles Market Size, Share and Sales Report 2028
The black truffles market size is projected to grow from US$ 295.7 million in 2022 to US$ 496.6 million by 2028; it is expected to grow at a CAGR of 9.0% from 2022 to 2028.
Black truffles (Tuber melanosporum), also known as the Perigord truffle or black winter truffle, are found in the wild throughout Europe from November through February, though the season can vary slightly. Recently, black winter truffles have been successfully cultivated in Australia and New Zealand. Black truffles are ectomycorrhizal fungi, so they are usually found in close association with tree roots. Black truffles are majorly used in Italian and French cuisine. Black truffles have unique flavors and aromas. The taste of black truffle has earthy notes with a hint of mint, pepper, and hazelnut. Black truffles are preferred by many gourmets due to their unique flavor profile. Often, chefs call black truffle the “Diamond of the Kitchen.”
Impact of COVID-19 Pandemic on Black Truffles Market
In 2020, various industries had to slow down their operations due to disruptions in value and supply chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic adversely affected economies and industries due to lockdowns, travel bans, and business shutdowns. Disruptions in the supply chains of key raw materials and irregularities in manufacturing processes due to restrictions imposed by government authorities had a direct impact on the food & beverages industry. These factors negatively impacted the black truffles market during the COVID-19 pandemic. However, in 2021, the marketplace witnessed a positive recovery as the governments announced the relaxation of previously imposed restrictions. The manufacturers were permitted to work at full capacity, leveraging their profitability. This factor is expected to drive the market in the coming years.
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Black Truffles Market: Strategic Insights
Market Size Value in US$ 295.7 million in 2022 Market Size Value by US$ 496.6 million by 2028 Growth rate CAGR of 9.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Black Truffles Market: Strategic Insights
| Market Size Value in | US$ 295.7 million in 2022 |
| Market Size Value by | US$ 496.6 million by 2028 |
| Growth rate | CAGR of 9.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Market Insights
Product Innovation Initiatives by End Users
Black truffle manufacturers are significantly investing in research & developments, partnerships, and collaborations to launch innovative products to attract a large consumer base. Food and beverage vendors are launching new truffle-based products, such as sauces and oils, that lead to the consumption of black truffles in the global market. In 2018, deRosario, the US-based manufacturer, launched a range of truffle condiments made with truffles, including black truffle oil and extra virgin olive oil. In 2020, PS Gourmet Pe launched its black truffle oil in Singapore. In November 2022, TRUFF, an Australia-based manufacturer, entered into the seasoning space with "TRUFF Black Truffle Salt." The condiment option features a mix of fine and coarse sea salt with a purposeful amount of black truffles. Such product launches help companies establish long-term relationships with end-use consumers.
Type Insights
Based on category, the black truffles market is segmented into organic and conventional. The organic segment is projected to register a higher CAGR during the forecast period. Organic black truffle is cultivated in soil free from chemical fertilizers (such as synthetic nitrogen, phosphate, and potash) and genetically modified ingredients. Herbicides and synthetic pesticides are also avoided in organic black truffle farming. Instead, growers use organic growth stimulators to cultivate organic black truffles. Generally, organic black truffles are more expensive than conventional truffles due to their superior quality. Companies are focusing on achieving organic certifications to address the rising demand for organic black truffles in the market.
Application Insights
Based on application, the black truffles market is segmented into culinary; oil; sauces, spreads, & butter; and others. The culinary segment held the largest share of the market in 2021. Black truffles are grated into wine or cream-based sauces or shaved onto cooked pasta, scrambled eggs, or potato dishes. Black truffles are added as toppings to various food products to improve their flavor and give them a more opulent appearance. Moreover, black truffles are added as garnishing ingredients to meat meals and to give a strong flavor to food. They are also used for producing truffle salt and truffle honey. Some types of specialty cheese contain black truffles as well. These factors are fueling the demand for black truffles in culinary applications.
The key players operating in the black truffles market include Trufo, TRUFFUS SAS, L'Aragonais Food Supplies SL, SABATINO NA LLC, LAUMONT TRUFFLES SLU, Arotz SA, Les Freres Jaumard SaRL, Perigord Truffles of Tasmania Pty Ltd, Great Southern Truffles Pty Ltd, and Old World Truffles. These players focus on providing high-quality products to fulfill customer demands. They also focus on strategies such as investments in research and development activities and new product launches.
Black Truffles Market Report Scope
Report Spotlights
- Progressive industry trends in the black truffles market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the black truffles market from 2019 to 2028
- Estimation of global demand for black truffles
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers of black truffles
- Recent developments to understand the competitive market scenario
- Market trend and outlook, along with factors driving and restraining the black truffles market growth
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the black truffles market at various nodes
- Detailed overview and segmentation of the market, as well as the food & beverages industry dynamics
- Size of the black truffles market in various regions with promising growth opportunities
Company Profiles
- Trufo
- TRUFFUS SAS
- L'Aragonais Food Supplies SL
- SABATINO NA LLC
- LAUMONT TRUFFLES SLU
- Arotz SA
- Les Freres Jaumard SaRL
- Perigord Truffles of Tasmania Pty Ltd
- Great Southern Truffles Pty Ltd
- Old World Truffles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Category, Application, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Wide application scope of black truffles is driving the black truffles market. Black truffles are in high demand among food processing industries as black truffle is an essential ingredient in premium packaged food products, including black truffle-infused oil, cheese, honey, and sauces. TRUFF, the Australia-based manufacturer, provides black truffle oil, pasta sauce, mayo, hot sauce, and black truffle salt. Moreover, black truffles are used for household purposes as people are willing to prepare gourmet food with different luxury ingredients. Furthermore, black truffle usage is not limited to food and beverage products; it is also used in cosmetic products, including moisturizers, night creams, antiaging formulas, etc. Therefore, the rising usage of black truffles in various applications propels the growth of the global black truffles market.
Based on the application, oil segment is projected to grow at the fastest CAGR over the forecast period. Black truffle oil is a modern culinary ingredient used to impart the flavor and aroma of truffles to a dish. Common versions use olive oil or more neutral flavorless oils such as canola or grapeseed oil. Black truffle oil is used as a finishing oil in various dishes, including truffle fries, pizzas, pasta dishes, and puréed foods such as mashed potatoes and deviled eggs. Black truffle oil is available in all seasons and is significantly less expensive than fresh truffles. Thus, manufacturers are launching truffle oils to fulfill the increasing demand.
Europe accounted for the largest share of the global black truffles market. There is a growing demand for natural ingredients in the European cosmetics sector, creating opportunities for cosmetics processors and processors of black truffle oil, spreads, and sauces from developing countries such as India, Australia, Indonesia, and China. Black truffle oil, spreads & sauces in the food industry, have several functional and active properties as it is heart-healthy, fat-free. Also, creams & lotions incorporated with black truffles in the cosmetic industry possess antioxidant properties, boosting their application in various formulations. Hence, the demand for black truffles is expected to continue to rise in the coming years in Europe.
Based on category, conventional segments mainly have the largest revenue share. Synthetic fertilizers, pesticides, insecticides, herbicides, and fungicides are used in conventional black truffle farming. Genetically modified organisms or crop varieties used by growers deliver consistent yields. Conventionally grown black truffles are cheaper than organic ones. However, using chemicals and fertilizers in conventional farming primarily affects health and the nutrient levels of the yield. As a result, the popularity of organic products is growing notably due to their high quality and sustainability. On the other hand, manufacturers may continue to use conventional black truffles owing to their affordability and easy availability.
The major players operating in the global black truffles market are Trufo, Truffus SAS, L'aragonais Food Supplies SL, Sabatino Na LLC, Laumont Truffles SLU, Arotz SA, Les Freres Jaumard Sarl, Perigord Truffles of Tasmania Pty Ltd., Great Southern Truffles Pty Ltd., Old World Truffles.
Growth of black truffles in emerging region to provide potential market opportunities in the coming years for the black truffles. The southwest corner of Western Australia has become the "hot spot" for truffle production across the world. There are now more than 70 growers with plantations of sufficient size and becoming commercial producers of the French black truffle. Therefore, the expansion of black truffles in emerging regions is expected to offer lucrative opportunities for the black truffle market during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Applicationulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Black Truffles Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Black Truffles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Application Scope of Black Truffles
5.1.2 Product Innovation Initiatives by End Users
5.2 Market Restraints
5.2.1 Fluctuation in Prices and Seasonal Availability of Black Truffle
5.3 Market Opportunities
5.3.1 Growth of Black Truffles in Emerging Regions
5.4 Future Trends
5.4.1 Rising Adoption of Black Truffle in Personal Care Industry
5.5 Impact Analysis of Drivers and Restraints
6. Black Truffles– Global Market Analysis
6.1 Black Truffles Market Overview
6.2 Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
6.3 Competitive Positioning – Key Market Players
7. Black Truffles Market Analysis – By Category
7.1 Overview
7.2 Black Truffles Market, By Category (2021 and 2028)
7.3 Organic
7.3.1 Overview
7.3.2 Organic: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Conventional
7.4.1 Overview
7.4.2 Conventional: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
8. Black Truffles Market Analysis – By Application
8.1 Overview
8.2 Black Truffles Market, By Application (2021 and 2028)
8.3 Culinary
8.3.1 Overview
8.3.2 Culinary: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Oil
8.4.1 Overview
8.4.2 Oil: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Sauces, Spreads, and Butter
8.5.1 Overview
8.5.2 Sauces, Spreads, and Butter: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
9. Black Truffles Market Analysis – By End Use
9.1 Overview
9.2 Black Truffles Market, By End Use (2021 and 2029)
9.3 Food Retail
9.3.1 Overview
9.3.2 Food Retail: Black Truffles Market– Revenue and Forecast to 2029 (US$ Thousand)
9.4 Foodservice
9.4.1 Overview
9.4.2 Foodservice: Black Truffles Market– Revenue and Forecast to 2029 (US$ Thousand)
9.5 Processing
9.5.1 Overview
9.5.2 Processing: Black Truffles Market– Revenue and Forecast to 2029 (US$ Thousand)
10. Black Truffles Market – Geographic Analysis
10.1 Overview
10.2 North America: Black Truffles Market
10.2.1 North America: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.2.2 North America: Black Truffles Market, By Category
10.2.3 North America: Black Truffles Market, By Application
10.2.4 North America: Black Truffles Market, by End Use
10.2.5 North America: Black Truffles Market, by Key Country
10.2.5.1 US: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.2.5.1.1 US: Black Truffles Market, By Category
10.2.5.1.2 US: Black Truffles Market, By Application
10.2.5.1.3 US: Black Truffles Market, by End Use
10.2.6.2 Canada: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.2.6.2.1 Canada: Black Truffles Market, By Category
10.2.6.2.2 Canada: Black Truffles Market, By Application
10.2.6.2.3 Canada: Black Truffles Market, by End Use
10.2.6.3 Mexico: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.2.6.3.1 Mexico: Black Truffles Market, By Category
10.2.6.3.2 Mexico: Black Truffles Market, By Application
10.2.6.3.3 Mexico: Black Truffles Market, by End Use
10.3 Europe: Black Truffles Market
10.3.1 Europe: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.3.2 Europe: Black Truffles Market, By Category
10.3.3 Europe: Black Truffles Market, by Application
10.3.4 Europe: Black Truffles Market, by End Use
10.3.5 Europe: Black Truffles Market, by Key Country
10.3.5.1 Germany: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.1.1 Germany: Black Truffles Market, By Category
10.3.5.1.2 Germany: Black Truffles Market, by Application
10.3.5.1.3 Germany: Black Truffles Market, by End Use
10.3.5.2 France: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.2.1 France: Black Truffles Market, By Category
10.3.5.2.2 France: Black Truffles Market, by Application
10.3.5.2.3 France: Black Truffles Market, by End Use
10.3.5.3 UK: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.3.1 UK: Black Truffles Market, By Category
10.3.5.3.2 UK: Black Truffles Market, by Application
10.3.5.3.3 UK: Black Truffles Market, by End Use
10.3.5.4 Italy: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.4.1 Italy: Black Truffles Market, By Category
10.3.5.4.2 Italy: Black Truffles Market, by Application
10.3.5.4.3 Italy: Black Truffles Market, by End Use
10.3.5.5 Russia: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.5.1 Russia: Black Truffles Market, By Category
10.3.5.5.2 Russia: Black Truffles Market, by Application
10.3.5.5.3 Russia: Black Truffles Market, by End Use
10.3.5.5 Rest of Europe: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.3.5.5.1 Rest of Europe: Black Truffles Market, By Category
10.3.5.5.2 Rest of Europe: Black Truffles Market, by Application
10.3.5.5.3 Rest of Europe: Black Truffles Market, by End Use
10.4 Asia Pacific: Black Truffles Market
10.4.1 Asia Pacific: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.2 Asia Pacific: Black Truffles Market, By Category
10.4.3 Asia Pacific: Black Truffles Market, by Application
10.4.4 Asia Pacific: Black Truffles Market, by End Use
10.4.5 Asia Pacific: Black Truffles Market, by Key Country
10.4.5.1 China: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.1.1 China: Black Truffles Market, By Category
10.4.5.1.2 China: Black Truffles Market, by Application
10.4.5.1.3 China: Black Truffles Market, by End Use
10.4.5.2 Japan: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.2.1 Japan: Black Truffles Market, By Category
10.4.5.2.2 Japan: Black Truffles Market, by Application
10.4.5.2.3 Japan: Black Truffles Market, by End Use
10.4.5.3 India: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.3.1 India: Black Truffles Market, By Category
10.4.5.3.2 India: Black Truffles Market, by Application
10.4.5.3.3 India: Black Truffles Market, by End Use
10.4.5.4 Australia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.4.1 Australia: Black Truffles Market, By Category
10.4.5.4.2 Australia: Black Truffles Market, by Application
10.4.5.4.3 Australia: Black Truffles Market, by End Use
10.4.5.5 South Korea: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.5.1 South Korea: Black Truffles Market, By Category
10.4.5.5.2 South Korea: Black Truffles Market, by Application
10.4.5.5.3 South Korea: Black Truffles Market, by End Use
10.4.5.6 Rest of Asia Pacific: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.4.5.6.1 Rest of Asia Pacific: Black Truffles Market, By Category
10.4.5.6.2 Rest of Asia Pacific: Black Truffles Market, by Application
10.4.5.6.3 Rest of Asia Pacific: Black Truffles Market, by End Use
10.5 Middle East & Africa: Black Truffles Market
10.5.1 Middle East & Africa: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.5.2 Middle East & Africa: Black Truffles Market, By Category
10.5.3 Middle East & Africa: Black Truffles Market, by Application
10.5.4 Middle East & Africa: Black Truffles Market, by End Use
10.5.5 Middle East & Africa: Black Truffles Market, by Key Country
10.5.5.1 South Africa: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.5.5.1.1 South Africa: Black Truffles Market, By Category
10.5.5.1.2 South Africa: Black Truffles Market, by Application
10.5.5.1.3 South Africa: Black Truffles Market, by End Use
10.5.5.2 Saudi Arabia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.5.5.2.1 Saudi Arabia: Black Truffles Market, By Category
10.5.5.2.2 Saudi Arabia: Black Truffles Market, by Application
10.5.5.2.3 Saudi Arabia: Black Truffles Market, by End Use
10.5.5.3 UAE: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.5.5.3.1 UAE: Black Truffles Market, By Category
10.5.5.3.2 UAE: Black Truffles Market, by Application
10.5.5.3.3 UAE: Black Truffles Market, by End Use
10.5.5.4 Rest of MEA: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.5.5.4.1 Rest of MEA: Black Truffles Market, By Category
10.5.5.4.2 Rest of MEA: Black Truffles Market, by Application
10.5.5.4.3 Rest of MEA: Black Truffles Market, by End Use
10.6 South & Central America: Black Truffles Market
10.6.1 South & Central America: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.6.2 South & Central America: Black Truffles Market, By Category
10.6.3 South & Central America: Black Truffles Market, by Application
10.6.4 South & Central America: Black Truffles Market, by End Use
10.6.5 South & Central America: Black Truffles Market, by Key Country
10.6.5.1 Brazil: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.6.5.1.1 Brazil: Black Truffles Market, By Category
10.6.5.1.2 Brazil: Black Truffles Market, by Application
10.6.5.1.3 Brazil: Black Truffles Market, by End Use
10.6.5.2 Argentina: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.6.5.2.1 Argentina: Black Truffles Market, By Category
10.6.5.2.2 Argentina: Black Truffles Market, by Application
10.6.5.2.3 Argentina: Black Truffles Market, by End Use
10.6.5.3 Rest of South & Central America: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
10.6.5.3.1 Rest of South & Central America: Black Truffles Market, By Category
10.6.5.3.2 Rest of South & Central America: Black Truffles Market, by Application
10.6.5.3.3 Rest of South & Central America: Black Truffles Market, by End Use
11. Impact of COVID-19 Pandemic on Global Black Truffles Market
11.1 Impact of COVID-19 on Black Truffles Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 TRUFO
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 TRUFFUS SAS
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 L'aragonais Food Supplies SL
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sabatino Na LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Laumont Truffles SLU
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Arotz SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Les Freres Jaumard Sarl
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Perigord Truffles of Tasmania Pty Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Great Southern Truffles Pty Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Old World Truffles
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Global Black Truffles Market, by Category– Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Global Black Truffles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Global Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. North America Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. North America Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. North America Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. US Black Truffles Market, Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. US Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. US Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Canada Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Canada Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Canada Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 14. Mexico Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Mexico Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 16. Mexico Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Europe: Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 18. Europe Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Europe Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 20. Germany Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 21. Germany Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 22. Germany Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 23. France Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 24. France Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 25. France Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 26. UK Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 27. UK Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 28. UK Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 29. Italy Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 30. Italy Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 31. Italy Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 32. Russia Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 33. Russia Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 34. Russia Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 35. Rest of Europe Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 36. Rest of Europe Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 37. Rest of Europe Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 38. Asia Pacific Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 39. Asia Pacific Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 40. Asia Pacific Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 41. China Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 42. China Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 43. China Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 44. Japan Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 45. Japan Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 46. Japan Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 47. India Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 48. India Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 49. India Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 50. Australia Black Truffles Market, By Category– Revenue and Forecast to 2028 (US$ Thousand)
Table 51. Australia Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 52. Australia Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 53. South Korea Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 54. South Korea Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 55. South Korea Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 56. Rest of Asia Pacific Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 57. Rest of Asia Pacific Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 58. Rest of Asia Pacific Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 59. Middle East & Africa Black Truffles Market, By Category– Revenue and Forecast to 2028 (US$ Thousand)
Table 60. Middle East & Africa Black Truffles Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 61. Middle East & Africa Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 62. South Africa Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 63. South Africa Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 64. South Africa Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 65. Saudi Arabia Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 66. Saudi Arabia Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 67. Saudi Arabia Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 68. UAE Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 69. UAE Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 70. UAE Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 71. Rest of MEA Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 72. Rest of MEA Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 73. Rest of MEA Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 74. South & Central America Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 75. South & Central America Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 76. South & Central America Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 77. Brazil Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 78. Brazil Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 79. Brazil Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 80. Argentina Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 81. Argentina Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 82. Argentina Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 83. Rest of South & Central America Black Truffles Market, By Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 83. Rest of South & Central America Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 84. Rest of South & Central America Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 85. List of Abbreviation
LIST OF FIGURES
Figure 1. Black Truffles Market Segmentation
Figure 2. Black Truffles Market Segmentation – By Geography
Figure 3. Global Black Truffles Market Overview
Figure 4. Black Truffles Market: By End Use
Figure 5. Black Truffles Market: By Region
Figure 6. Global Black Truffles Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: Black Truffles Market
Figure 10. Sign Ups for Veganuary Campaign During 2015–2021
Figure 11. Black Truffles Market: Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Black Truffles Market
Figure 13. Global: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Key Players: Black Truffles Market
Figure 15. Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 16. Organic: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. Conventional: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 18. Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 19. Culinary: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 20. Oil: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 21. Sauces, Spreads, and Butter: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 22. Others: Black Truffles Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 23. Black Truffles Market Revenue Share, By End Use (2021 and 2028)
Figure 24. Food Retail: Black Truffles Market– Revenue and Forecast To 2028 (US$ Thousand)
Figure 25. Foodservice: Black Truffles Market– Revenue and Forecast To 2028 (US$ Thousand)
Figure 26. Processing: Black Truffles Market– Revenue and Forecast To 2028 (US$ Thousand)
Figure 27. Others: Black Truffles Market– Revenue and Forecast To 2028 (US$ Thousand)
Figure 28. Global Black Truffles Market Revenue Share, By Region (2021 and 2028)
Figure 29. North America: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. North America: Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 31. North America: Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 32. North America: Black Truffles Market Revenue Share, by End Use (2021 and 2028)
Figure 33. North America: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 34. US: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 35. Canada: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. Mexico: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 37. Europe: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 38. Europe: Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 39. Europe: Black Truffles Market Revenue Share, by Application (2021 and 2028)
Figure 40. Europe: Black Truffles Market Revenue Share, by End Use (2021 and 2028)
Figure 41. Europe: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 42. Germany: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 43. France: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 44. UK: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 45. Italy: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 46. Russia: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 47. Rest of Europe: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 48. Asia Pacific: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 49. Asia Pacific: Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 50. Asia Pacific: Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 51. Asia Pacific: Black Truffles Market Revenue Share, by End Use (2021 and 2028)
Figure 52. Asia Pacific: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 53. China: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 54. Japan: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 55. India: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 56. Australia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 57. South Korea: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 58. Rest of Asia Pacific: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 59. Middle East & Africa: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 60. Middle East & Africa: Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 61. Middle East & Africa: Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 62. Middle East & Africa: Black Truffles Market Revenue Share, by End Use (2021 and 2028)
Figure 63. Middle East & Africa: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 64. South Africa: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 65. Saudi Arabia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 66. UAE: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 66. Rest of MEA: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 67. South & Central America: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 68. South & Central America: Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 69. South & Central America: Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 70. South & Central America: Black Truffles Market Revenue Share, by End Use (2021 and 2028)
Figure 71. South & Central America: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 72. Brazil: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 73. Argentina: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 74. Rest of South & Central America: Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 75. Impact of COVID-19 Pandemic in North America
Figure 76. Impact of COVID-19 Pandemic in Europe
Figure 77. Impact of COVID-19 Pandemic in Asia Pacific
Figure 78. Impact of COVID-19 Pandemic in the Middle East & Africa
Figure 79. Impact of COVID-19 Pandemic in South & Central America
The List of Companies - Black Truffles Market
- Trufo, Truffus SAS
- L'aragonais Food Supplies SL
- Sabatino Na LLC
- Laumont Truffles SLU
- Arotz SA
- Les Freres Jaumard Sarl
- Perigord Truffles of Tasmania Pty Ltd.
- Great Southern Truffles Pty Ltd.
- Old World Truffles
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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