Black Truffles Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Category (Organic and Conventional), Application (Culinary; Oil; Sauces, Spreads, and Butter; and Others), and End Use (Processing, Food Retail, and Foodservice)

List of Tables

The black truffles market 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 truffle is a fungus that imparts a distinct flavor and aroma to numerous food items. 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, and antiaging formulas. Therefore, the rising usage of black truffles in various applications propels the growth of the global black truffles market.

The southwest corner of Western Australia has become the "hot spot" for truffle production worldwide. 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. Furthermore, the demand for black truffle products is surging in Japan as black truffles are majorly used in locally made fresh and processed food in Japan. To cater to the increasing demand, the manufacturers of emerging countries are enhancing their product portfolios by launching black truffle-infused products. Hanabatake Ranch sells locally made truffle-flavored burrata, as burrata is a trending food item in Japan. Similarly, the country has a rising popularity of potato chips with truffle flavor and Kitkat SNAX products infused with black truffles.

In 2021, Europe held the largest revenue share of the global black truffles market. Black truffles are gaining massive popularity among consumers in the region owing to their health benefits, such as controlling blood sugar, reducing inflammation throughout the body, helping prevent cancer, and fighting bacterial infection. Additionally, the demand for black truffle-based products is propelling in Europe due to increasing consumer interest in different cuisines. Thus, the sales of black truffles are increasing in Europe, thereby driving the market in the region.

In European countries such as Spain, Romania, Italy, and Croatia, black truffles are available throughout the winter, which makes black truffles the gastronomic focus across Europe. The Europe black truffle production has been growing day by day. According to a 2021 analysis published in the journal Forests, Spain led the world production of black truffles, followed by France and Italy. Hence, the significant quantity of production of black truffles across European countries fueled the demand for black truffles.

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 are among the major players operating in the global black truffles market. Market players continuously focus on strategic development initiatives such as research and development, merger & acquisitions, expansion, and new product launches to offer high-quality and innovative products. These strategies boost the demand for black truffles and are expected to drive the market during the forecast period.

The size of the overall global black truffles market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the black truffle market.

Reasons to Buy:

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global black truffles market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Product Code: TIPRE00029811

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