The Europe Guacamole Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The market has witnessed growth due to the rising preference for wholesome, nutrient-dense snacks served with dips. Also, there are many manufacturers available to manufacturers to draw in a larger consumer base and maximize revenue due to the growing desire for plant-based foodstuff. As a result of rising globalization, guacamole is now a staple of many different cuisines, which has significantly increased demand. Moreover, guacamole consumption has been related to several health advantages. The main component is avocado, rich in lipids, vitamins, and minerals.
Due to its high fiber content, people can choose guacamole as a healthy dinner alternative. Moreover, rich in potassium, guacamole supports a healthy fluid balance. Guacamole is also rich in potent antioxidants and heart-healthy fats, which are good for one's health. Also, it is related to healthy body weight, decreased bloating, and radiant skin. In addition to the numerous health advantages, the guacamole market is being boosted by expanding the global fast-food sector, where guacamole is widely used as a condiment and dip.
The hospitality sector in the region of Europe is expanding. It's because of the region's substantial population and high level of disposable income. People also prefer ready-to-eat side dishes because of their hectic lifestyles. In addition to meeting consumer demand, supermarkets contribute to increased food product availability. As a result, the demand for snacks is rising. Local major and small enterprises are also helping the sector to grow. It is anticipated that during the projection period, the booming food and beverage industry, the entry of new and significant players into the regional market, and the quickly expanding retail industry with an increase in the number of hypermarkets & supermarkets will all significantly boost revenue in Europe. Due to this, the demand for guacamole is rising in the regional market.
The Germany market dominated the Europe Guacamole Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $70 Million by 2028. The UK market is anticipated to grow at a CAGR of 4.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.9% during (2022 - 2028).
Based on End User, the market is segmented into Food Service Industry, Food Processing Industry and Households. Based on Packaging, the market is segmented into Glass Bottles, Pouches and Plastic Containers. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Business to Business, Specialty Stores, Online Stores and Convenience Stores. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Guacamole Market is Projected to reach USD 1.2 Billion by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hormel Foods Corporation, Calavo Growers, Inc., Avo-King International, Inc., Casa Sanchez SF, Salud Foodgroup Europe BV, Snowcrest Foods Ltd., Simpson Farms Pty. Ltd., Aguacates seleccionados JBR, Propal and Westfalia Fruit (Pty) Ltd.
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