The growing demand for truffles from the foodservice industry is one of the drivers expected to trigger the market’s growth in the forthcoming years. Several chefs from the fine dining restaurants are increasingly using truffles in their dishes. In addition, factors including the increasing demand for healthy and nutritious meals in menus, rising demand for gluten-free food, and the emergence of numerous foodservice outlets will boost the truffles market growth in the forthcoming years. In addition, with changing consumer preferences, consumers are increasingly willing to explore innovative customized foods. analysts have predicted that the truffles market will register a CAGR of over 19% by 2023.
One of the growth drivers of the global truffles market is product launches. These launches help increase the revenue of vendors by expanding their customer base.
The growing use of artificial and substitutes truffle products
One of the challenges in the growth of global truffles market is the growing use of artificial and substitutes truffle products. The increasing use of artificial or fake truffle products will hamper the growth of the global truffles market.
For the detailed list of factors that will drive and challenge the growth of the truffles market during 2019-2023, view our report.
The market appears to be fragmented and with the presence of several market players. Several top Michelin star restaurants are focusing on using truffles for garnishing eggs, pasta and pizza to add a unique flavor and aroma to dishes. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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