Market Overview:
The global truffle chocolate market is expected to grow at a CAGR of 5.8% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for premium chocolates, rising disposable income of consumers, and growing awareness about the health benefits of chocolate. Based on type, the spherical truffle chocolate segment is expected to account for a major share of the global truffle chocolate market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period. The conical truffle chocolate segment is projected to grow at a CAGR of 5%. Based on application, supermarkets and hypermarkets are expected to account for a major share of the global truffle chocolate market in 2018. This segment is projected to grow at a CAGR of 6%. The convenience stores segment is projected to grow at a CAGR of 7%.
Product Definition:
Truffles are a type of chocolate made with a ganache center. They are often coated in chocolate and/or cocoa powder. Truffles can be eaten as-is or used in desserts and other recipes.
Spherical Truffle Chocolate:
Spherical truffle chocolate is a new variety of chocolate, which was created in 2012 by the Swiss chocolatier Hugues Geberit. The main difference between this and other chocolates is that Hugues Geberit uses ball-shaped cocoa beans to produce these chocolates instead of flat ones. These are then coated with fine sugar and covered with a thin layer of milk chocolate.
Conical Truffle Chocolate:
The Conical Truffle Chocolate is a type of chocolate made with black truffle and white chocolate. The product has gained popularity among consumers due to its exotic taste, shape, size and quality. It is also used as an ingredient in other types of chocolates such as filled chocolates and molded shapes.
Application Insights:
Supermarkets and hypermarkets held the largest market share of more than 60% in 2017. The application segment is expected to witness a significant growth over the forecast period owing to rising demand for truffle products from consumers particularly in Europe and North America. Truffle chocolate is considered as a luxury product, thus it is mostly sold in specialty stores or supermarkets that have fine dining sections or restaurants attached.
Specialist retailers accounted for more than 20% of the total market volume in 2017 owing to growing demand for gourmet products among consumers especially across Europe and Asia Pacific regions. These retailers offer personal shopper services at their retail outlets allowing customers to sample different types of chocolates before purchasing them at home as part of their grocery lists. This method helps specialists retailer owners create long-term relationships with their customers by understanding their preferences better over time which eventually benefits both parties involved positively influencing overall industry growth over the next few years.
Regional Analysis:
Europe was the largest market for truffle chocolate, accounting for more than 35% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period as well. Italy and France are among the major countries contributing to Europe’s large share. In addition, Germany and Spain are also expected to emerge as potential markets for this product over the next eight years owing to increasing demand from consumers on a domestic level coupled with rising exports from European countries such as Italy, France, and Switzerland.
Asia Pacific is anticipated to be one of fastest growing regional markets due high consumption levels in China.
Growth Factors:
- Increasing demand for dark chocolate: The trend of consuming dark chocolate is increasing day by day. This is because of the health benefits associated with it. Truffle chocolate has a high cocoa content and hence, it is considered as a healthy option.
- Rising disposable income: With the rise in disposable income, people are spending more on luxury items such as chocolates. Truffle chocolates are considered to be a luxurious item and hence, their demand is increasing rapidly.
- Growing popularity of artisanal chocolates: Artisanal or handmade chocolates are becoming popular among consumers due to their unique flavors and textures. Truffle chocolate belongs to this category and its popularity is rising rapidly due to its premium quality and flavor profile..
Scope Of The Report
Report Attributes
Report Details
Report Title
Truffle Chocolate Market Research Report
By Type
Spherical Truffle Chocolate, Conical Truffle Chocolate, Others
By Application
Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers
By Companies
Ferrero Group, Lindt & Sprungli, Lotte Confectionery, Neuhaus, Purdys Chocolatier, Teuscher Chocolates of Switzerland, Yildiz Holding, Chocolat Mathez, The Secret Truffletier, Vermont Truffle Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Truffle Chocolate Market Report Segments:
The global Truffle Chocolate market is segmented on the basis of:
Types
Spherical Truffle Chocolate, Conical Truffle Chocolate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ferrero Group
- Lindt & Sprungli
- Lotte Confectionery
- Neuhaus
- Purdys Chocolatier
- Teuscher Chocolates of Switzerland
- Yildiz Holding
- Chocolat Mathez
- The Secret Truffletier
- Vermont Truffle Company
Highlights of The Truffle Chocolate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spherical Truffle Chocolate
- Conical Truffle Chocolate
- Others
- By Application:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retailers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truffle Chocolate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Truffle Chocolate is a type of chocolate that is made with cocoa powder, truffles, and other ingredients.
Some of the major companies in the truffle chocolate market are Ferrero Group, Lindt & Sprungli, Lotte Confectionery, Neuhaus, Purdys Chocolatier, Teuscher Chocolates of Switzerland, Yildiz Holding, Chocolat Mathez, The Secret Truffletier, Vermont Truffle Company.
The truffle chocolate market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truffle Chocolate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truffle Chocolate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truffle Chocolate Market - Supply Chain
4.5. Global Truffle Chocolate Market Forecast
4.5.1. Truffle Chocolate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truffle Chocolate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truffle Chocolate Market Absolute $ Opportunity
5. Global Truffle Chocolate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truffle Chocolate Market Size and Volume Forecast by Type
5.3.1. Spherical Truffle Chocolate
5.3.2. Conical Truffle Chocolate
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truffle Chocolate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truffle Chocolate Market Size and Volume Forecast by Application
6.3.1. Supermarkets and Hypermarkets
6.3.2. Convenience Stores
6.3.3. Specialist Retailers
6.3.4. Online Retailers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truffle Chocolate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truffle Chocolate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truffle Chocolate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truffle Chocolate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truffle Chocolate Demand Share Forecast, 2019-2026
9. North America Truffle Chocolate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truffle Chocolate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truffle Chocolate Market Size and Volume Forecast by Application
9.4.1. Supermarkets and Hypermarkets
9.4.2. Convenience Stores
9.4.3. Specialist Retailers
9.4.4. Online Retailers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truffle Chocolate Market Size and Volume Forecast by Type
9.7.1. Spherical Truffle Chocolate
9.7.2. Conical Truffle Chocolate
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truffle Chocolate Demand Share Forecast, 2019-2026
10. Latin America Truffle Chocolate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truffle Chocolate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truffle Chocolate Market Size and Volume Forecast by Application
10.4.1. Supermarkets and Hypermarkets
10.4.2. Convenience Stores
10.4.3. Specialist Retailers
10.4.4. Online Retailers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truffle Chocolate Market Size and Volume Forecast by Type
10.7.1. Spherical Truffle Chocolate
10.7.2. Conical Truffle Chocolate
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truffle Chocolate Demand Share Forecast, 2019-2026
11. Europe Truffle Chocolate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truffle Chocolate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truffle Chocolate Market Size and Volume Forecast by Application
11.4.1. Supermarkets and Hypermarkets
11.4.2. Convenience Stores
11.4.3. Specialist Retailers
11.4.4. Online Retailers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truffle Chocolate Market Size and Volume Forecast by Type
11.7.1. Spherical Truffle Chocolate
11.7.2. Conical Truffle Chocolate
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truffle Chocolate Demand Share, 2019-2026
12. Asia Pacific Truffle Chocolate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truffle Chocolate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truffle Chocolate Market Size and Volume Forecast by Application
12.4.1. Supermarkets and Hypermarkets
12.4.2. Convenience Stores
12.4.3. Specialist Retailers
12.4.4. Online Retailers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truffle Chocolate Market Size and Volume Forecast by Type
12.7.1. Spherical Truffle Chocolate
12.7.2. Conical Truffle Chocolate
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truffle Chocolate Demand Share, 2019-2026
13. Middle East & Africa Truffle Chocolate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truffle Chocolate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truffle Chocolate Market Size and Volume Forecast by Application
13.4.1. Supermarkets and Hypermarkets
13.4.2. Convenience Stores
13.4.3. Specialist Retailers
13.4.4. Online Retailers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truffle Chocolate Market Size and Volume Forecast by Type
13.7.1. Spherical Truffle Chocolate
13.7.2. Conical Truffle Chocolate
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truffle Chocolate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truffle Chocolate Market: Market Share Analysis
14.2. Truffle Chocolate Distributors and Customers
14.3. Truffle Chocolate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ferrero Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lindt & Sprungli
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lotte Confectionery
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Neuhaus
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Purdys Chocolatier
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Teuscher Chocolates of Switzerland
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yildiz Holding
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chocolat Mathez
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. The Secret Truffletier
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vermont Truffle Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
