The global guacamole market reached a value of US$ 1.02 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Guacamole is a thick or semi-liquid paste of avocado mixed with chopped tomatoes, onions, chili peppers, and seasoning. Guacamole was first created in Mexico by the Aztecs but has now gained popularity across the globe and has become a key component of various cuisines as a dip, condiment, salad ingredient, etc.
With increasing globalization, guacamole has become a part of various international cuisines, which has resulted in a significant increase in its demand. Moreover, there are numerous health benefits associated with the consumption of guacamole. It consists mainly of avocado, a rich source of vitamins, minerals and fats. The presence of high fiber content makes guacamole a healthy food option among consumers. Additionally, guacamole is also packed with potassium which helps the body to maintain proper fluid balance. Moreover, guacamole is a rich source of potent oxidants and heart-healthy fats which improve health. It is also associated with a healthy body weight, reduces bloating, and keeps the skin vibrant. Apart from the numerous health benefits, the guacamole market is also being catalyzed by the growth of the global fast-food industry where it is widely used as a condiment and dip. Furthermore, driven by factors such as globalization, changing food habits and rising penetration of social media platforms, the consumer base of guacamole is expanding from its traditional markets in North America to various European and Asian Countries.
IMARC Group provides an analysis of the key trends in each sub-segment of the global guacamole market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, form, end-use, and packaging type.
Market Breakup by Form:
Market Breakup by End-Use:
Market Breakup by Packaging Type:
Market Breakup by Region:
Distribution Channel Type Insights:
The competitive landscape of the global guacamole market has also been analyzed. Some of the leading players operating in the market are:
The global guacamole market reached a value of US$ 1.02 Billion in 2020.
According to the estimates by IMARC Group, the global guacamole market is expected to exhibit moderate growth during the next five years.
The increasing consumption of guacamole in the preparation of several dishes, including wraps, salads, deviled eggs and tacos, represents one of the key drivers in the global guacamole market.
The rising consumer concerns towards the negative health impact of harmful chemicals used in several agricultural processes have led to the emergence of organic product ingredients, which represents one of the key trends in the global guacamole market.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations and ban on various cross-border trade activities, thereby disrupting the supply chains of guacamole.
On the basis of the form, the market has been classified into frozen, dried, and ready-to-make. Amongst these, ready-to-eat guacamole is gaining immense popularity across the globe as it is convenient to consume.
On the basis of the packaging, the market has been classified into glass bottles, plastic containers, and stand-up pouches. Currently, stand-up pouches account for the majority of the market share.
On the basis of the distribution channel, the market has been categorized into business-to-business and business-to-consumer. Amongst these, the business-to-business distribution channel represents the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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