Opportunity and Forecast 2022-2027. the global guacamole market 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 represents a creamy, semi-liquid, and thick paste of avocado that is mixed with tomatoes, chili peppers, chopped onions, seasoning, including salt and black pepper, etc. It was first originated in Mexico by the Aztecs but has gained extensive popularity across various countries. As such, guacamole is a rich source of fats, potent oxidants, vitamins, minerals, etc. Consequently, it aids in reducing bloating, maintaining healthy body weight, keeping the skin vibrant, etc. Guacamole also finds wide-ranging applications as a condiment, dip, and salad ingredient in several cuisines.
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 growing prevalence of obesity, cardiovascular diseases, diabetes, etc., is primarily driving the guacamole market. Moreover, the increasing utilization of this condiment packed with potassium which helps the body to maintain proper fluid balance, is bolstering the market growth. Apart from this, the rising penetration of social media platforms, the inflating levels of globalization, and the escalating demand for international cuisines are acting as significant growth-inducing factors. Additionally, the expanding fast-food industry is augmenting product adoption for the preparation of burritos, sandwiches, salads, etc. This, in turn, is catalyzing the global market. Furthermore, the leading manufacturers are developing variants by using organic ingredients, owing to the elevating consumer awareness towards the harmful effects of pesticides and herbicides used in agricultural processes, which is projected to fuel the guacamole market in the coming years.
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:
- Salud Food Group
- Westfalia Fruit, etc.
Key Market Segmentation:
The report has segmented the Guacamole Market on the basis of form type, end-use, packaging, distribution channel and region.
Breakup by Form:
- Ready to Make
Breakup by End Use:
- Food Processing Industry
- Food Service Industry
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
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