Asia Pacific Black Truffles Market Forecast to 2028

According to the research team Market research, the Asia Pacific black truffles market was valued at US$ 49.76 million in 2022 and is expected to reach US$ 85.44 million by 2028, registering a CAGR of 9.4% from 2022 to 2028. Wide application scope of black truffles and growth of black truffles in emerging region are the critical factors attributed to the Asia Pacific black truffles market expansion.

Black truffle is a fungus that imparts a distinct flavor and aroma to numerous food items. It is also used as a garnish on various foods, including pizza, pasta, eggs, risotto, and spaghetti, and used as an ingredient in meat meals to give the food a strong flavor. Moreover, black truffles are added as toppings to various food items to give them an opulent appearance. Thus, they are in high demand among end-users, such as Michelin-star restaurants and food companies, which play a key role in augmenting black truffle sales across the region.

Additionally, market expansion in food service applications depends on several variables, such as the rising popularity of fine dining and trying premium cuisine. Therefore, the rapid expansion of catering businesses, an increase in the number of gourmet and high-end restaurants, and a shift in customer preference for black truffle-infused foods propel the demand for black truffles in food service applications.

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 Asia Pacific black truffles market.

On the contrary, fluctuation in prices and seasonal availability of black truffle hurdles the growth of Asia Pacific black truffles market.

Based on category, the Asia Pacific black truffles market is segmented into organic and conventional. The conventional segment held 92.5% share of Asia Pacific black truffles market in 2023, amassing US$ 46.03 million. It is projected to garner US$ 78.53 million by 2028 to expand at 9.3% CAGR during 2022–2028.

Based on applications, the Asia Pacific black truffles market is segmented into culinary; oil; sauces, spreads, and butter; and others. The culinary segment held 81.2% share of Asia Pacific black truffles market in 2023, amassing US$ 40.42 million. It is projected to garner US$ 68.90 million by 2028 to expand at 9.3% CAGR during 2023–2028.

Based on end user, the Asia Pacific black truffles market is segmented into processing, food retail, and foodservice. The foodservice segment held 75.5% share of Asia Pacific black truffles market in 2022, amassing US$ 37.59 million. It is projected to garner US$ 64.06 million by 2028 to expand at 9.3% CAGR during 2022–2028.

Based on country, the Asia Pacific black truffles market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 35.0% share of Asia Pacific black truffles market in 2022. It was assessed at US$ 17.42 million in 2022 and is likely to hit US$ 29.69 million by 2028, exhibiting a CAGR of 9.3% during 2022–2028.

Key players operating in the Asia Pacific black truffles market report are FRIEND & BURRELL, Great Southern Truffles, Hazel Hill Pty Ltd, and Perigold Truffles of Tasmania Pty. Ltd., among others.

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Black Truffles Market, by Category
1.3.2 Asia Pacific Black Truffles Market, by Application
1.3.3 Asia Pacific Black Truffles Market, by End Use
1.3.4 Asia Pacific Black Truffles Market, by Country
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 formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
3.2.8 Limitations and Assumptions:
4. Asia Pacific Black Truffles Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
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 Ecosystem Analysis
4.3.1 Black Truffle Collectors
4.3.2 Black Truffle Processors
4.3.3 End User
4.4 Expert Opinion
5. Asia Pacific 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 Region
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 Market– Asia Pacific Market Analysis
6.1 Asia Pacific Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
7. Asia Pacific Black Truffles Market Analysis – By Category
7.1 Overview
7.2 Asia Pacific Black Truffles Market, By Category (2021 and 2028)
7.3 Organic
7.3.1 Overview
7.3.2 Organic: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
7.3.3 Organic: Asia Pacific Asia Pacific Black Truffles Market – Volume and Forecast to 2028 (KG)
7.4 Conventional
7.4.1 Overview
7.4.2 Conventional: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
7.4.3 Conventional: Asia Pacific Black Truffles Market – Volume and Forecast to 2028 (KG)
8. Asia Pacific Black Truffles Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Black Truffles Market, By Application (2021 and 2028)
8.3 Culinary
8.3.1 Overview
8.3.2 Culinary: Asia Pacific Black Truffles Market– Revenue and Forecast to 2028 (US$ Th)
8.4 Oil
8.4.1 Overview
8.4.2 Oil: Asia Pacific Black Truffles Market– Revenue and Forecast to 2028 (US$ Th)
8.5 Sauces, Spreads, and Butter
8.5.1 Overview
8.5.2 Sauces, Spreads, and Butter: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
9. Asia Pacific Black Truffles Market Analysis – By End Use
9.1 Overview
9.2 Asia Pacific Black Truffles Market, By End Use (2021 and 2028)
9.3 Food Retail
9.3.1 Overview
9.3.2 Food Retail: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
9.4 Food Service
9.4.1 Overview
9.4.2 Food Service: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
9.5 Processing
9.5.1 Overview
9.5.2 Processing: Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Th)
10. Asia Pacific Black Truffles Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Black Truffles Market, by Key Country
10.1.1.1 China: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.2 China: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.2.1 China: Black Truffles Market, by Category
10.1.1.2.2 China: Black Truffles Market, by Category
10.1.1.2.3 China: Black Truffles Market, by Application
10.1.1.2.4 China: Black Truffles Market, by End Use
10.1.1.3 Japan: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.4 Japan: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.4.1 Japan: Black Truffles Market, by Category
10.1.1.4.2 Japan: Black Truffles Market, by Category
10.1.1.4.3 Japan: Black Truffles Market, by Application
10.1.1.4.4 Japan: Black Truffles Market, by End Use
10.1.1.5 India: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.6 India: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.6.1 India: Black Truffles Market, by Category
10.1.1.6.2 India: Black Truffles Market, by Category
10.1.1.6.3 India: Black Truffles Market, by Application
10.1.1.6.4 India: Black Truffles Market, by End Use
10.1.1.7 Australia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.8 Australia: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.8.1 Australia: Black Truffles Market, by Category
10.1.1.8.2 Australia: Black Truffles Market, by Category
10.1.1.8.3 Australia: Black Truffles Market, by Application
10.1.1.8.4 Australia: Black Truffles Market, by End Use
10.1.1.9 South Korea: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.10 South Korea: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.10.1 South Korea: Black Truffles Market, by Category
10.1.1.10.2 South Korea: Black Truffles Market, by Category
10.1.1.10.3 South Korea: Black Truffles Market, by Application
10.1.1.10.4 South Korea: Black Truffles Market, by End Use
10.1.1.11 Rest of Asia Pacific: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
10.1.1.12 Rest of Asia Pacific: Black Truffles Market – Volume and Forecast to 2028 (Kg)
10.1.1.12.1 Rest of Asia Pacific: Black Truffles Market, by Category
10.1.1.12.2 Rest of Asia Pacific: Black Truffles Market, by Category
10.1.1.12.3 Rest of Asia Pacific: Black Truffles Market, by Application
10.1.1.12.4 Rest of Asia Pacific: Black Truffles Market, by End Use
11. Company Profiles
11.1 Perigord Truffles of Tasmania Pty Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Great Southern Truffles Pty Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 B Burrell & SJ Friend
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hazel Hill Pty Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Glossary of Terms

Table 1. Asia Pacific Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. China Black Truffles Market, by Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. China Black Truffles Market, by Category – Volume and Forecast to 2028 (Kg)
Table 4. China Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. China Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Japan Black Truffles Market, by Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Japan Black Truffles Market, by Category – Volume and Forecast to 2028 (Kg)
Table 8. Japan Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. Japan Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. India Black Truffles Market, by Category –Revenue and Forecast to 2028 (US$ Thousand)
Table 11. India Black Truffles Market, by Category – Volume and Forecast to 2028 (Kg)
Table 12. India Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 13. India Black Truffles Market, by End Use– Revenue and Forecast to 2028 (US$ Thousand)
Table 14. Australia Black Truffles Market, by Category– Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Australia Black Truffles Market, by Category– Volume and Forecast to 2028 (Kg)
Table 16. Australia Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Australia Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 18. South Korea Black Truffles Market, by Category – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. South Korea Black Truffles Market, by Category – Volume and Forecast to 2028 (Kg)
Table 20. South Korea Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 21. South Korea Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 22. Rest of Asia Pacific Black Truffles Market, by Category –Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Rest of Asia Pacific Black Truffles Market, by Category – Volume and Forecast to 2028 (Kg)
Table 24. Rest of Asia Pacific Black Truffles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 25. Rest of Asia Pacific Black Truffles Market, by End Use – Revenue and Forecast to 2028 (US$ Thousand)
Table 26. Glossary of Terms, Asia Pacific Black Truffles Market

Figure 1. Asia Pacific Black Truffles Market Segmentation
Figure 2. Asia Pacific Black Truffles Market Segmentation – By Country
Figure 3. Asia Pacific Black Truffles Market Overview
Figure 4. Asia Pacific Black Truffles Market, By Application
Figure 5. Asia Pacific Black Truffles Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Black Truffles Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Black Truffles Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Black Truffles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. Asia Pacific Black Truffles Market Revenue Share, By Category (2021 and 2028)
Figure 12. Organic: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 13. Organic: Asia Pacific Black Truffles Market – Volume and Forecast To 2028 (KG)
Figure 14. Conventional: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 15. Conventional: Asia Pacific Black Truffles Market – Volume and Forecast To 2028 (KG)
Figure 16. Asia Pacific Black Truffles Market Revenue Share, By Application (2021 and 2028)
Figure 17. Culinary: Asia Pacific Black Truffles Market– Revenue and Forecast To 2028 (US$ Th)
Figure 18. Oil: Asia Pacific Black Truffles Market– Revenue and Forecast To 2028 (US$ Th)
Figure 19. Sauces, Spreads, and Butter: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 20. Others: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 21. Asia Pacific Black Truffles Market Revenue Share, By End Use (2021 and 2028)
Figure 22. Food Retail: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 23. Food Service: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 24. Processing: Asia Pacific Black Truffles Market – Revenue and Forecast To 2028 (US$ Th)
Figure 25. Asia Pacific: Black Truffles Market, by Key Country – Revenue (2021)
Figure 26. Asia Pacific: Black Truffles Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. China: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 28. China: Black Truffles Market – Volume and Forecast to 2028 (Kg)
Figure 29. Japan: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. Japan: Black Truffles Market – Volume and Forecast to 2028 (Kg)
Figure 31. India: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. India: Black Truffles Market – Volume and Forecast to 2028 (Kg)
Figure 33. Australia: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Australia: Black Truffles Market – Volume and Forecast to 2028 (Kg)
Figure 35. South Korea: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. South Korea: Black Truffles Market – Volume and Forecast to 2028 (Kg)
Figure 37. Rest of Asia Pacific: Black Truffles Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 38. Rest of Asia Pacific: Black Truffles Market – Volume and Forecast to 2028 (Kg)