Asia Pacific Black Truffles Market Forecast to 2028

Asia Pacific Black Truffles Market Forecast to 2028 – Regional Analysis – by Category (Organic and Conventional), Application (Culinary; Oil; Sauces, Spreads, and Butter; and Others), and End Use (Processing, Food Retail, and Foodservice)

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Description

The Asia Pacific black truffles market is expected to grow from US$ 49.76 million in 2022 to US$ 85.44 million by 2028. It is estimated to grow at a CAGR of 9.4% from 2022 to 2028.

Growth of Black Truffles in Emerging Region Drive Asia Pacific Industrial Robotics Market

Demand for black truffle products is surging in various APAC countries, such as 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, in the country, there is a rising popularity of potato chips with truffle flavor and Kitkat SNAX products infused with black truffles. Furthermore, the southwest corner of Western Australia has become the “hot spot” for truffle production across the world. 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 Asia Pacific black truffles market during the forecast period.

Asia Pacific Black Truffles Market Overview

The Asia Pacific black truffles market is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific is a significant market for the food industry. In Asia Pacific, black truffles are often used sparingly typically shaved, grated, or thinly sliced. The truffle’s mild, musky, and earthy flavor complements dishes with heavy, rich elements, wine or cream-based sauces, oils, and neutral ingredients such as potatoes, rice, and pasta. In the region, fresh black truffles can be used as a finishing flavor over pasta, roasted meats, risottos, soups, and eggs. In China, black truffles are gaining traction among the upper class, and the truffles are being blended into truffle sushi, soup, sausages, and dumplings. Chefs are increasingly incorporating black truffles into cookies, liquors, and mooncakes. Black truffles are tucked into butter, ingrained into oils and honey, or grated into sauces. The premium and luxury restaurants often pair black truffles well with meats such as lamb, poultry, venison, beef, seafood, and foie gras; cheeses such as goat, parmesan, fontina, chevre, and gouda; and herbs such as tarragon, basil, and arugula. Hence, the broad application scope of black truffles is boosting their demand in the region.

Asia Pacific Black Truffles Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Black Truffles Market Segmentation

The Asia Pacific black truffles market is segmented into category, applications, end use, and country.

Based on category, the Asia Pacific black truffles market is bifurcated into organic and conventional. In 2022, the conventional segment registered a larger share in the Asia Pacific black truffles market.

Based on applications, the Asia Pacific black truffles market is segmented into culinary; oil; sauces, spreads, and butter; and others. In 2022, the culinary segment registered the largest share in the Asia Pacific black truffles market.

Based on end user, the Asia Pacific black truffles market is segmented into processing, food retail, and foodservice. In 2022, the foodservice segment registered the largest share in the Asia Pacific black truffles market.

Based on country, the Asia Pacific black truffles market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. In 2022, the Rest of Asia Pacific segment registered the largest share in the Asia Pacific black truffles market.

Perigord Truffles of Tasmania Pty Ltd, Great Southern Truffles Pty Ltd, B Burrell & SJ Friend, and Hazel Hill Pty Ltd are some of the leading companies operating in the Asia Pacific black truffles market.

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At 9.4% CAGR, the Asia Pacific Black Truffles Market is speculated to be worth US$ 85.44 million by 2028, saysthe research team

According tothe 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.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research 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
12.2 Glossary of Terms

LIST OF TABLES

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

LIST OF FIGURES

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)

The List of Companies – Asia Pacific Black Truffles Market

– FRIEND & BURRELL
– Great Southern Truffles
– Hazel Hill Pty Ltd
– Perigold Truffles of Tasmania Pty. Ltd.

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