Guacamole Market Set to Ripen with 9.2% CAGR, Driven by Rising Demand for Healthy Snacks and Avocado Popularity, Forecasting Robust Growth Through 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Guacamole Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.81 billion In 2028 At A CAGR Of 9.2% :

The guacamole market size has grown rapidly in recent years. It will grow from $1.15 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increased demand for ready-to-eat snacks, availability of hass avocado varieties, expansion of fast food and casual dining, influence of culinary trends and food blogging, health-conscious consumer choices.

The guacamole market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to expanding avocado production, focus on sustainable and ethical sourcing, health benefits of avocado consumption, global culinary fusion trends, focus on premium and gourmet offerings. Major trends in the forecast period include flavor innovation and varieties, clean label and natural ingredients, plant-based and vegan diets, snacking on the go,marketing and branding initiatives, diversification of distribution channels.

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Guacamole Market Major Segments
The guacamole market covered in this report is segmented -

1) By Nature: Organic, Conventional
2) By Packaging: Glass Bottles, Glass Jars, Plastic Containers, Stand-Up Pouches
3) By Form: Frozen, Dried, Ready to make
4) By Distribution Channels: Supermarkets/Hypermarkets, Convenience Stores, Online, Specialty Stores
5) By End-use: Households, Food Processing Industry, Food Service Industry

Key Driver - Guacamole Market Thrives On Surging Demand For Wholesome Foods And Plant-Based Diets

The rising demand for wholesome foods and plant-based diets is expected to propel the growth of the guacamole market going forward. Wholesome foods are those that promote good health and meet all quality and labeling requirements required by local laws or regulations. Foods that help people stay healthy and meet all quality and labeling criteria specified by local laws or regulations are referred to as healthy foods. A plant-based diet consists of plant foods such as fruits and vegetables, nuts, whole grains, seeds, and legumes. Guacamole is avocado-fruit-based and is considered safe for a plant-based diet as it contains no animal products. Hence, the growth of the guacamole market is supported by a rise in demand for wholesome foods and plant-based diets. For instance, in 2021, according to the Good Food Institute, a US-based non-profit international network of organizations that accelerates alternative protein innovation, retail sales of plant-based food in the USA increased by 6% to USD 7.4 billion in 2021. Therefore, the rising demand for wholesome foods and plant-based diets is driving the growth of the guacamole market.

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Prominent Trend - Sabra's Mexican Street Corn-Inspired Guacamole Leads The Charge In Guacamole Market Trends

Product innovations are a key trend gaining popularity in the guacamole market. Major companies operating in the guacamole market are focused on developing new solutions to strengthen their position in the market. For instance, in May 2021, Sabra Dipping Co. LLC, a US-based company that produces Middle Eastern-style and other food products, including hummus and guacamole, launched its new Mexican Street Corn-Inspired Guacamole. The new product is available in a 1 lb (16 oz) package with a resealable lid and is made with lime, juicy sweet corn, chipotle, and hand-picked, Mexican-grown Hass avocados.

Guacamole Market Players
Major companies operating in the guacamole market report are Avo-King International Inc., Sabra Dipping Company LLC, Westfalia Fruit (Pty) Ltd., Calavo Growers Inc., Ortega - B&G Foods Inc., Ventura Foods LLC, Casa Sanchez SF, Hormel Foods Corporation, Woolworths Group Limited, Wholly Guacamole, Salud Foodgroup Europe BV, MegaMex Foods LLC, Simpson Farms Pty. Ltd., Frontera Foods Inc., UTZ Brands Inc., McCormick & Company Inc., The Bloch & Guggenheimer Foods Inc., Conagra Brands Inc., Snowcrest Foods Ltd., General Mills Inc., Landec Corporation, Fresh Del Monte Produce Inc., Verfruco Foods Inc., Goya Foods Inc., Mission Foods Corporation, Garden of Eatin' Inc., Late July Snacks LLC, Simply Organic, Fresh Express Inc., Grupo Herdez

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Largest And Fastest Growing Region In The Market
North America was the largest region in the guacamole market in 2023. North America is expected to be the fastest-growing region in the global guacamole market during the forecast period. The regions covered in the guacamole market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Guacamole Market Report Structure
3. Guacamole Market Trends And Strategies
4. Guacamole Market - Macro Economic Scenario
5. Guacamole Market Size And Growth
…..
27. Guacamole Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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