Raffaello is a spherical coconut–almond truffle that Italian manufacturer Ferrero brought to the market in 1990. It consists of a spherical wafer which is filled with a white milk cream and white blanched almonds. It is then surrounded by a coconut layer. It does contain lactose, making Raffaello incompatible for consumers with lactose intolerance.

Ferrero factories which manufacture Raffaello include Vladimir, Russia; Brantford, Canada; and Arlon, Belgium. Russia is Ferrero's largest market for Raffaello.

In 2008, Belgian company Soremartec (part of the Ferrero Group) began legal action against Landrin, a Ukrainian company which began producing a sweet in 2007 similar to Raffaello, called Waferatto. Soremartec filed a claim on the grounds that Landrin had violated Soremartec's trademark protecting the appearance of the Raffaello sweets. After a lengthy court battle, the High Commercial Court of Ukraine ruled in favor of Landrin, cancelling the validity of Soremartec's trademark.

In 2017, a court in Frankfurt in Germany ruled that Ferrero would have to list the number of Raffaello sweets in each packet sold, rather than simply providing the weight.