The Global Guacamole Market size is expected to reach $1.2 billion by 2028, rising at a market growth of 5.6% CAGR during the forecast period.
Lime, onion, garlic, tomato, and spices make guacamole, a rich and creamy avocado-based spread. It reduces liver damage, improves heart function, prevents stroke, and fights inflammation. Moreover, it enhances liver and brain function. Promoting satiety, it also aids in the reduction of deeper visceral belly fat and keeps a person full until their next meal. In addition, it inhibits aging, moisturizes the skin, and reduces bloating when used regularly and moderately.
As a result, it is extensively utilized in various cuisines in the food & beverage industry as a salad ingredient and condiment. Growing urbanization and a rise in the number of people that work worldwide are the main factors driving the rising demand for quick meals that require little energy & time to prepare. This is one of the key factors driving up demand for guacamole. In addition, individuals are becoming more willing to taste diverse cuisines due to globalization.
The growth of fast food businesses raises demand for burritos, sandwiches, and salads having guacamole on top. The demand for guacamole, rich in antioxidants, fiber, healthy fats, and potassium, is also increasing due to changing consumer preferences and a growing acceptance of a healthier way of life. Also, the market benefits from the rising popularity of healthy, nutrient-dense foods served with dips. Also, due to the expanding acceptance of a healthy lifestyle, the food processing industries are increasingly emphasizing plant-based & clean-label food products.
Guacamole is the most popular condiment, dip, and snack among keto dieters and vegans. Traditional guacamole comprises white onion, avocados, jalapenos, cilantro, salt, and occasionally diced tomatoes. Avocados make guacamole a nutrient-dense condiment, providing heart-healthy foods that are rich in gut-friendly fiber. Guacamole has significant health benefits which are responsible for its high demand in the market.
The COVID-19 pandemic also led to the creation of best practices for the plant-based food industry. COVID-19 has drawn attention to the connection between eating animal meat and poor public health, prompting consumers to switch to plant-based diets. From a manufacturing and distribution aspect, this industry has witnessed unprecedented demand from manufacturers and consumers; consequently, various companies in the plant-based food industry have begun modifying their strategies to meet this need. In light of all these factors, the market for guacamole has benefited from the outspread of COVID-19.
Demand for guacamole is predicted to increase as an increasing number of individuals endeavor to encourage adequate lifestyles by adopting wholesome diet. Therefore, throughout the projection period, this element is anticipated to fuel the guacamole market's revenue expansion. In addition, two significant aspects that are anticipated to affect future market growth potential for this market are the expanding popularity of dips and the rising interest in healthy snacks among consumers.
Guacamole consumption is associated with a variety of health benefits. It is constituted primarily of avocado, which is abundant in vitamins, minerals, and fats. Guacamole is a nutritious meal option for customers because of its abundant fiber content. Besides this, guacamole is a wonderful source of potassium that helps maintain a healthy body fluid balance. Also, guacamole has a richness of heart-healthy fats and phytonutrients, which are both helpful to health. It is also connected to healthy body weight, reduces bloating, and preserves the skin's youthful appearance.
Avocados are a high-calorie fruit with up to 230 calories and roughly 50 grams of fat, which may have an impact on how much guacamole is consumed by those who are interested in fitness and weight loss. It is suggested not to consume this fruit or any products produced from it if someone has allergies to latex because doing so could raise the body's serum IgE levels and cause allergic reactions. Guacamole consumption is restricted for people with fruit allergies. These elements might restrict the growth of guacamole market.
Based on distribution channel, the guacamole market is segmented into business to business, supermarket & hypermarket, convenience stores, specialty stores and online stores. In 2021, the supermarkets & hypermarkets segment held the highest revenue share in the guacamole market. Guacamole can be purchased at relatively inexpensive rates in these distribution channels since they purchase a greater amount of items, resulting in a substantial increase in sales volume. They also have lower operating expenses. As a result of its unique characteristics, the supermarket is able to attract more customers.
On the basis of end-use industry, the guacamole market is divided into households, food processing industry and food service industry. In 2021, the food service segment dominated the guacamole market with the maximum revenue share. The demand for personalization and innovation in food menu selections is one of the most important drivers driving the segment's growth. Customers are offered a choice of options for customizing their meals as per their taste, nutritional, and monetary preferences. Guacamole is a heart-healthy source of cholesterol-free fat that has contributed to a rise in popularity for this very popular dip.
By packaging, the guacamole market is classified into glass bottles, plastic containers and pouches. The plastic containers segment recorded a remarkable revenue share in the guacamole market in 2021. This is owing to the fact that it is lightweight, has adequate resistance, is simple to handle, and is durable. They can be shaped into a variety of forms and containers. In addition to being less expensive than metals, plastics are considered for food storage as a result. In addition, plastics are utilized globally since they are safe for packaging foods, which is rising its demand.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 840.3 Million |
| Market size forecast in 2028 | USD 1.2 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 5.6% from 2022 to 2028 |
| Number of Pages | 199 |
| Number of Table | 370 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Distribution Channel, Packaging, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the guacamole market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2021, the North America region led the guacamole market by generating the largest revenue share. The guacamole is originated in Mexico and spread quickly all over the globe. Moreover, it is comprised of avocados, which are widely cultivated in Mexico and the United States. These factors have contributed to expanding the market for guacamole in North America.
Free Valuable Insights: Global Guacamole Market size to reach USD 1.2 Billion by 2028
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.
By End User
By Packaging
By Distribution Channel
By Geography
The global Guacamole Market size is expected to reach $1.2 billion by 2028.
Rising demand for wholesome foods and plant-based diets are driving the market in coming years, however, High calorie content & allergic reaction hindering growth restraints the growth of the market.
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.
The Glass Bottles segment acquired maximum revenue share in the Global Guacamole Market by Packaging in 2021 thereby, achieving a market value of $608.8 Million by 2028.
The North America market dominated the Global Guacamole Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $571.5 Million by 2028.
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