Guacamole Market Analysis, Industry Trends, Latest Insights, Opportunity and Forecast 2022-2027
According to the latest report by IMARC Group, titled Guacamole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. the global guacamole market size reached a value of US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027.
Guacamole is an avocado-based spread, dip, or salad first developed in Mexico. The mixture is made using ripened avocado that has been washed, sorted, peeled, de-stoned, and pulped. It is then blended with lime juice, jalapenos, garlic, cilantro, tomatoes, onions, and various spices. The product is then packaged and blast-frozen to preserve its nutritional profile. Guacamole promotes healthy body weight, aids in reducing the risk of various heart diseases, and maintains healthy skin and hair. As a result, it is extensively used in the food and beverage (F&B) industry and is commercially available in dried, ready-to-make, and frozen types.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Guacamole Market Trends:
The rising
use of guacamole in different cuisines due to its several health benefits and
cross-cultural influence on culinary practices is one of the prime factors accelerating
the market growth. In line with this, the rapid expansion of fast-food
restaurants and changing consumption patterns due to hectic lifestyles are
bolstering the market growth. Furthermore, the rising health consciousness among
consumers has facilitated the demand for plant-based food products, such as
guacamole, which is acting as another growth-inducing factor. Besides this, the
emerging trend of social media influencers and the surging need for
convenient meals that require minimal cooking time are creating a positive
outlook for the market. Moreover, key manufacturers are introducing new
variants using organic ingredients to increase their product portfolio, which
is providing a considerable thrust to the market.
Competitive Landscape With Key Players:
The
competitive landscape of the Guacamole Market has been studied in the
report with the detailed profiles of the key players operating in the market.
Some of these key players include:
·
Wholly
·
Yucatan
·
Sabra
·
Calvio
·
Salud Food
Group
· Westfalia Fruit, etc.
Key Market Segmentation:
The report has segmented the Guacamole Market on the basis of form, end-use, packaging, distribution channel and region.
Breakup by
Form:
·
Frozen
·
Dried
· Ready to Make
Breakup by End
Use:
·
Food
Processing Industry
·
Food Service
Industry
· Households
Breakup by
Packaging:
·
Glass Bottles
·
Plastic
Containers
· Stand Up Pouches
Breakup by
Region:
·
North America
(United States, Canada)
·
Asia Pacific
(China, Japan, India, Australia, Indonesia, Korea, Others)
·
Europe
(Germany, France, United Kingdom, Italy, Spain, Others)
·
Latin America
(Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights
of the Report:
·
Market
Performance (2016-2021)
·
Market
Outlook (2022-2027)
·
Market Trends
·
Market
Drivers and Success Factors
·
Impact of
COVID-19
·
Value Chain
Analysis
· Comprehensive mapping of the competitive landscape
If you need
specific information that is not currently within the scope of the report, we
will provide it to you as a part of the customization.
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