Published Date: 31-Mar-23
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According to a new report, published by KBV research, 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.
The Households segment is showcasing a CAGR of 6.2% during (2022 - 2028). The widespread usage of guacamole in the home is influenced by the growing awareness of its health benefits, which has led to its increased application with a variety of foods. Moreover, guacamole puree can be used to produce a delicious avocado soup or as a topping for other smooth soups.
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 expansion is ascribed to the convenience and safety of glass bottle packaging, which almost eliminates the possibility of chemical contamination of the final product. Additionally, food and beverage flavors are preserved when packaged in glass bottles. The convenience offered and the preservation of food or drink's flavor are anticipated to fuel the segment's expansion during the anticipated timeframe.
The Online Stores segment has shown the growth rate of 6.3% during (2022 - 2028). Internet sales are one of the fastest-growing and most efficient means of purchasing snacks. The segment's growth is fueled by the increasing number of internet & smartphone users, especially in developed countries. Moreover, e-commerce platforms such as social networking and Google AdWords are essential for influencing consumer decisions. Throughout the pandemic, contactless payments have gained their market share, and it is anticipated that they will continue to be significant as e-wallets and internet purchases gain customers' trust and confidence.
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. The Europe market is exhibiting a CAGR of 5.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/guacamole-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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Unique Offerings from KBV Research
North America Guacamole Market size & Opportunities 2022-2028
Europe Guacamole Market & Growth Forecast 2022-2028
Asia Pacific Guacamole Market Share & Industry Outlook to 2028