The North America Guacamole Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Guacamole is typically categorized as being plant-based. Plant-based diets increase intestinal health, which promotes a better immune system and nutrient absorption. The market is also growing due to the rising popularity of social media platforms and the emerging trend of food vlogging. Furthermore, there is an increasing demand for quick meals as a result of the busy schedules of people. These components emphasize the need for meals requiring the least effort and preparation time; guacamole is ideal for this.
Also, because guacamole has a longer shelf life, producers have developed the newest cold-press technologies, like high-pressure processing, to preserve the flavor and freshness of the dish. Several of the largest manufacturers are also making considerable investments to ensure the freshness of the avocados used as the primary ingredient in premium guacamole. As a result, the number of avocados consumed per person tripled in the North American region, a key producer and consumer of guacamole.
Large manufacturers have been forced to import the fruit from nearby nations such as Mexico and ferment it to make guacamole because of the enormous demand, even though the native supply of the fruit has dropped. In addition, the demand for avocados and products made with avocados has grown due to the various health benefits and flexibility. It has proven a success as a more wholesome and delicious alternative to standard meal alternatives. Therefore, the guacamole market size is projected to increase due to the above considerations.
The United States and Canada have significant urbanization rates, with many major cities in each country having populations of over a million. In addition to it, there is a reputable restaurant service operation. In addition, the abundance of supermarkets and hypermarkets, in addition to the long-standing modern retail establishments, are driving the simple availability. These factors are combined with the high uptake. The inhabitants of the United States have one of the highest per capita incomes and, as a result, substantial incomes that they are free to spend as they like. Their ability to buy more things increases. These aspects are likely to positively affect the demand for guacamole in the region.
The US market dominated the North America Guacamole Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $412.3 Million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.5% 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 U.S., Mexico, Canada, and Rest of North America.
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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