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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 strong 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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