Global Chocolate Truffle Market Overview:
A chocolate truffle is chocolates ganache center covered by chocolate, nuts. These are easily available in online and offline retail stores. These are available in various flavors. The market-leading players are investing in advanced packaging, and with high nutrients in their market. Some of the key players profiled in the study are Ferrero Group (Italy), Mondelez International (United States), Godiva Chocolatier (United States), Ghirardelli Chocolate Company (United States), Guylian (Belgium), Leonidas (Belgium), Lindt & Sprüngli (Switzerland), Nut-Free Chocolate (United States), Socola Chocolatier (United States) and Hershey's (United States).
On the basis of geography, the market of Chocolate Truffle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Chocolate Truffle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Chocolate Truffle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Chocolate, the sub-segment i.e. Dark will boost the Chocolate Truffle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Chocolate Truffle as a Gift
- Increasing Acceptance of Products Consisting of Chocolate
- Continuous Changes in Lifestyle of Individuals
- Inadequate Online Distribution Channels in Under Developing Areas
- Cumulative Disposable Income
- Growing Production and Consumption of Organic Chocolate
- High Growth in Online Retail Industry
- High Cost Associated with Raw Materials
Major Market Developments:
In Jan 2020, Dove Chocolate announced the launch of new truffle gift tubes, with advanced beautiful packaging. Through this initiative, the company is becoming more competitive in the market and gaining major market share
The global chocolate truffle market is strongly competitive. There are various new companies are operating in this market. The market leaders are highly investing in developing packaging. With the increasing trend of the party, and festivals. The companies are strengthening their presence across the globe. The companies are discovering the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Chocolate Truffle Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Chocolate Truffle market on the basis of product [American Truffle, Swiss Truffle, French Truffle, European Truffle and Others] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Chocolate Truffle market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Chocolate Truffle industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Cadbury (United Kingdom), Patchi (Lebanon) and Nestlé (Switzerland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Chocolate Truffle market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.