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The latest report by IMARC Group titled, “Guacamole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” finds that the global guacamole market size reached US$ 1.1 Billion in 2021. Guacamole is a creamy avocado-based condiment that was originated in Mexico. It is prepared by combining mashed avocados with tomatoes, onions, chili peppers, and seasonings like salt and black pepper. In recent years, guacamole has gained popularity worldwide owing to its various health benefits. As a result, it is widely utilized as a dip, condiment, and salad ingredient in various cuisines.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Guacamole Market Trends:
The market is primarily driven by increasing globalization as guacamole has become a part of various international cuisines. Besides this, the consumption of guacamole is associated with numerous health benefits. It mainly consists of avocado, which is a rich source of vitamins, minerals, and fats. It is also packed with potassium, which assists the body in maintaining proper fluid balance. Furthermore, antioxidants and healthy fats present in guacamole are associated with a healthy heart and body weight. Additionally, the demand for guacamole is being escalated by the rapid growth of the fast-food industry, where it serves as a key component in sandwiches, burritos, salads, and several other cuisines. Along with this, key manufacturers in the industry are introducing new variants and using organic ingredients as consumers around the world have become aware of the harmful effects of pesticides and herbicides used in agricultural processes. On account of these factors, IMARC Group expects the market to grow at a CAGR of 7.6% during the forecast period (2022-2027).
Market Summary:
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