According to the latest report by IMARC Group, titled “Guacamole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global guacamole market size reached US$ 921 Million in 2018. Guacamole refers to a dip or a sauce prepared by combining mashed avocados with tomatoes, onions, chili peppers and seasonings. Originating from Mexico, guacamole first came into recognition during the Aztec civilization. While there are various types of avocados available across the world, Hass avocados are considered ideal for making guacamole as they are available all year round. At present, guacamole is utilized in the preparation of several dishes including wraps, salads, deviled eggs and tacos. It is also used as an additional ingredient in different types of pasta, grilled fish dishes, fajitas and soups.
Global Guacamole Market Trends:
Guacamole is considered as a rich source of vitamins C and E, and unsaturated fats. These nutrients help in lowering bad cholesterol and blood pressure; strengthening blood vessels, tendons and ligaments; and preventing nerve damage and muscle weakness. Awareness about these benefits has led to a rise in the demand for guacamole-based food items worldwide. In line with this, manufacturers in the industry are introducing different variants of guacamole products such as spread and salsa. They have also started using organic ingredients to produce guacamole as consumers across the globe have become aware of the harmful effects of pesticides and herbicides utilized in agricultural processes. These factors are currently supporting the rising sales of guacamole. Looking forward, the market is anticipated to grow at a CAGR of around 8% during 2019-2024, reaching a value of US$ 1.4 Billion by 2024.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com