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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry 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
The guacamole market report table of contents includes:
1. Executive Summary
2. Guacamole Market Characteristics
3. Guacamole Market Trends And Strategies
4. Guacamole Market – Macro Economic Scenario
5. Global Guacamole Market Size and Growth
…………………..
31. Global Guacamole Market Competitive Benchmarking
32. Global Guacamole Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Guacamole Market
34. Guacamole Market Future Outlook and Potential Analysis
35. Appendix
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