Global Truffle Chocolate Market Overview:
The global truffle chocolate market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. The growing demand from organised retail stores propelled by rising number of offline sales stores are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
As per latest study released by AMA Research, the Global Truffle Chocolate market is expected to see growth rate of 5.3%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Experiments in New Flavored Truffle Chocolates with Ethnic Ingredients
Market Growth Drivers:
Growing Demand from Organized Retail Outlets Propelled by Rising Number of Supermarkets, Hypermarkets, and Specialty Stores and Increasing Adoption of Truffle Chocolates By Consumers in Festivals & Ocassions
Challenges:
High Cost of Truffle Chocolates and Lack of Availability of Product in Rural Areas
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Opportunities:
Opportunities in the Asia Pacific Region
Competitive Landscape:
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Chocoladefabriken Lindt & Sprüngli AG (Switzerland), Ferrero (Italy), LOTTE CONFECTIONERY CO. LTD. (South Korea), Mathez (France), Neuhaus (Belgium), Purdys Chocolatier (United States), Teuscher Chocolates of Switzerland (Switzerland), The Secret Truffletier (United Kingdom), Vermont Truffle Company (United States) and Yildiz Holding (Turkey). Analyst at AMA Research see United States Vendors to retain maximum share of Global Truffle Chocolate market by 2030. Considering Market by Design, the sub-segment i.e. Spherical Truffle Chocolate will boost the Truffle Chocolate market. Considering Market by Sales Type, the sub-segment i.e. Direct Sales will boost the Truffle Chocolate market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Truffle Chocolate market.
Latest Market Insights:
In March 2022, Mars, Inc. released two new vegan chocolates, dubbed January "Veganuary," a month when most people pledge to eat only vegan food. The two new chocolate bars, Topic Vegan and Bounty Vegan are the vegan versions of Topic and Bounty. The business had previously introduced a vegan version of Galaxy chocolate.
In November 2023, Rococo Chocolates launched an exclusive new truffle made from the world's rarest cocoa - criollo, named 'Cru Criollo'.
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
What Can be Explored with the Truffle Chocolate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Truffle Chocolate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Truffle Chocolate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Truffle Chocolate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Truffle Chocolate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.