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Author: Vikas Kumar
January 12, 2023
Global truffle chocolate market is expected to register a CAGR of approx. 4% over the period of 2022-2028. A chocolate truffle is a specific kind of chocolate confection that is traditionally made with a chocolate ganache center that is covered in chocolate, cocoa powder, coconut, or chopped and roasted nuts (typically hazelnuts or almonds), and is typically shaped in a spherical, conical, or curved shape. The global truffle chocolate market is rising due to the presence of a large number of regional and a few numbers of global vendors. The increasing number of new product launches with advanced innovation in the market to expand their portfolio which likely to boost the growth of the market. For instance,Cadbury will launch the Twist Wrap packaging solution for its Duos range in January 2022, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the chocolate bar. Owing to these glaring statistics the demand for truffle chocolate is anticipated to grow in the forthcoming years mainly due to the acceptance of the western culture by the young generation. Moreover, the market for truffle chocolate is largely driven by consumers’ constant desire to experiment with exotic flavors and tastes. The production of healthier products has become a growing focus for the chocolate industry over the years. The rising number of health-conscious people, particularly in emerging economies, is what is driving the trend.
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Based on the products, the truffle chocolate market is segmented into boxed assortments-based truffle chocolate (BATC) and seasonal-based truffle chocolate (STC). The boxed assortments-based truffle chocolate (BATC) segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The demand for boxed assorted truffle chocolate is gaining traction, as vendors are offering such products with different flavors
Based on the design, the market is fragmented into spherical truffle chocolate, conical truffle chocolate, and others. The spherical truffle chocolate segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period because spherical truffles are easy to eat and easy to dissolve in the mouth.
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For a better understanding of the market adoption of truffle chocolate market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific constitutes a major market for the truffle chocolate industry owing to due to the region’s tremendous popularity and substantial consumption of chocolate, rising consumption of waffles and pitas prepared with chocolate spreads.
Some of the major players operating in the market include HAIGH’S CHOCOLATES, Barry Callebaut AG, Olam Cocoa Pte Ltd, ADM, Chocoladefabriken Lindt & Sprüngli AG, Ferrero International, Ganache Chocolate Australia Pty. Ltd, Hauser Chocolates, Champlain Chocolate Co, Lolli and Pops Inc
Global Truffle Chocolate Market Segmentation
Market Insight, by Products
Market Insight, by Design
Market Insight, by End-Users
Market Insight, by Region
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