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For instance, Ferrero International SA offers Ferrero Rondnoir, Raffaello, and Ferrero Rocher chocolates as gift sets. Certain vendors also offer truffle chocolate boxes as gift sets. Truffle chocolate boxes are gaining popularity as gift items. Growing Demand for Seasonal-Based Truffle Chocolates as Gifts will be a Key Market Trend
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As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts. To help clients improve their market position, this truffle chocolate market forecast report provides a detailed analysis of the market leaders.Īs the business impact of COVID-19 spreads, the global truffle chocolate market 2020-2024 is expected to witness positive growth. Ltd., Chocoladefabriken Lindt & Sprungli AG, Compagnie du Bois Sauvage SA, Confiserie Leonidas SA, Ferrero International SA, Lotte Confectionery, Mars Inc., Purdys Chocolatier, Teuscher Chocolates of Switzerland, and Yildiz Holding Inc are some of the major market participants.
The global truffle chocolate market is fragmented. This is attributed to factors such as the presence of major vendors and an increase in the number of retail stores offering truffle chocolates. This is primarily because of the growing influence of online retailing.Įurope was the largest region in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The major truffle chocolate market growth came from the boxed-assortments-based truffle chocolate segment in 2019, and is expected to witness the fastest growth during the next five years.
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Register for a free trial today and gain instant access to 17,000+ market research reports. Personalized shopping assistance and suggestions on products, including sugar-free foods and beverages, are the two major benefits of shopping online, which are leading to the growth of the market in focus. (eBay) are among the major online retailers of truffle chocolates globally. Brand-owned online platforms and pure-play e-retailers are offering truffle chocolates. The significant rise in the number of e-commerce vendors across the world is fueled by the increased global penetration of smartphones. E-commerce enables customers to access regional and global brands of truffle chocolates. The truffle chocolate market is driven by the growing popularity of online distribution channels.
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Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. LONDON-( BUSINESS WIRE)-The global truffle chocolate market size is poised to grow by USD 1.45 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio.