Black Truffles Market Size, Share, Comprehensive Analysis, Opportunity Assessment by 2028

The global black truffles market size is expected to reach USD 496.6 Million by 2028; registering at a CAGR of 9% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

Rising Adoption of Black Truffle in Personal Care Industry
The report highlights key factors driving the market and prominent players along with their developments in the market.

Black truffles are gaining popularity in the personal care industry as they are used in manufacturing cosmetic products such as moisturizing creams, night creams, and antiaging products. Due to their high vitamin C content, black truffles can remarkably fade forms of hyperpigmentation, including age spots, acne scarring, and freckles. Truffles are also rich in vitamin B12, which can help prevent the formation of hyperpigmentation spots. Additionally, many experts believe that truffles can repair skin itself and defend against damage to make skin look and feel younger. Thus, due to these benefits, the personal care industry is adopting black truffle as one of the major ingredients. All these factors are boosting the black truffles market growth.

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Impact of COVID-19 Pandemic on Black Truffles Market
The disruption of supply chains and shutdown of production plants due to the COVID-19 pandemic hampered the growth of the food & beverages industry. Delays in supply also hampered the product quality. Moreover, the temporary shutdown of restaurants and other foodservice outlets due to the imposition of lockdowns and trade bans negatively impacted the demand for black truffles.

The report includes the segmentation of the global black truffles market as follows:

Based on category, the black truffles market is segmented into organic and conventional. Based on application, the black truffles market is segmented into culinary; oil; sauces, spreads, & butter; and others. Based on end use, the market is divided into foodservice, processing, and food retail. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The black truffles market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The black truffles market in Asia Pacific is divided into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The black truffles market in South & Central America is categorized into Brazil, Argentina, and the Rest of South & Central America.

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About The Insight Partners

The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.

This release was published on openPR.