Guacamole Market to Reach $1.5 Billion by 2031: Allied Market Research
Rising demand for healthy, flavorful options drives guacamole market growth.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, April 30, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled โGuacamole Market," The guacamole market was valued at $852.30 million in 2021 and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
๐ ๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ https://www.alliedmarketresearch.com/request-sample/A16882
Guacamole has several health advantages and is a fantastic source of potassium, antioxidants, and healthy fats. As a result, the demand for guacamole is expected to rise dramatically as more people try to lead healthier lives by eating wholesome meals. Guacamole enhances heart health, prevents stroke, lessens liver damage, and fights inflammation. It also helps the brain and liver to operate better. It also helps to reduce deeper visceral belly fat and keeps a person full until their next meal by encouraging satiety. Regular, moderate use of it prevents bloating, moisturizes the skin, and delays aging. As a result, it is frequently used as a salad element and condiment in many different cuisines in the food and beverage (F&B) business.
However, due to lockdowns and other restrictions imposed by the relevant governing bodies in response to the COVID-19 outbreak, the activities of several industries have either temporarily ceased or are operating with a small workforce. This issue is expected to negatively affect the expansion of the global guacamole market. Furthermore, decreased production and increased prices of avocados highly hampered the growth of the guacamole market in 2020.
Nevertheless, a prominent aspect that is projected to significantly raise revenue growth potential for the global guacamole market in the next few years is a constant rise in demand for avocado-related items, particularly from markets in the Asia-Pacific region. Furthermore, rapid changes in people's consumption and purchasing patterns is likely to boost the demand for cuisines and avocado-related food products, such as dips and spreads, which in turn is expected to propel the growth of the guacamole market during the forecast period.
The guacamole market is segmented on the basis of end-user, packaging, distribution channel, and region. As per end-user, the market is classified into food processing industry, food service industry, and households. By packaging, the market is divided into glass bottles, plastic containers, and stand-up pouches. Depending on the distribution channel, the market is categorized into business-to-business, supermarkets and hypermarkets, convenience stores, specialty stores, and online stores. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of end-user, the market is classified into the food service industry, food service industry, and households. The food service industry segment accounted for a major share in the guacamole market in 2021 and is expected to grow at a significant CAGR during the forecast period. Growing demand for quick meals that need little energy and time to prepare is being driven by rapid urbanization and an increase in the working population. This is one of the main elements boosting guacamole market demand. In addition, as a result of globalization, people are becoming more open to trying different cuisines and demanding for ready-to-eat food products, which are likely to increase the demand for guacamole-topped sandwiches, burritos, and salads. Thus, the above factors are likely to propel the growth of the guacamole market through the food service industry segment.
๐ ๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ https://www.alliedmarketresearch.com/guacamole-market/purchase-options
By packaging, the market is divided into glass bottles, plastic containers, and stand-up pouches. The glass bottles segment accounted for a major share of the guacamole market in 2021 and is expected to grow at a significant CAGR during the forecast period. As there is minimal to no risk to the health of the consumer and no chance that toxins may mix with the final product, glass bottle packaging is seen to be substantially safer. In addition, glass bottle packaging preserves the food or beverage.
According to guacamole market trends, by distribution channel, the market is categorized into online and offline. The offline segment accounted for a major share of the market in 2021 and is expected to grow at a significant CAGR during the forecast period. In the offline segment, supermarkets & hypermarkets will dominate the guacamole market share in 2020, owing to the great demand for avocado fruits in retail.
In 2021, North America accounted for a 48.4% share of the guacamole market and is expected to maintain its dominance during the forecast period. The popularity of Mexican food outside of Mexico is helping the guacamole business expand. Major market participants are also all concentrated in North America, where domestic production of raw materials is declining. As a result of the favorable trade relations between the two regions, Mexico has become a popular destination for guacamole manufacturers looking to either buy raw ingredients or establish processing facilities. Thus, the above factors are likely to supplement North American guacamole market growth during the forecast period.
The major players operating in the guacamole industry focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Some of the key players in the guacamole market industry include Avoking, Calavo Growers, Inc., Casa Sanchez SF, Hormel Foods Corporation, Sabra Dipping Co., LLC, Salud Foodgroup Europe b.v., Snowcrest, Westfalia Fruit Ltd., Woolworths Group Ltd., and Landec Corporation.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
๐๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐ ๐ช๐ฎ๐๐ง๐ญ๐ข๐ญ๐๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ, ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ญ๐ซ๐๐ง๐๐ฌ, ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ง๐ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐๐๐๐ฆ๐จ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐ ๐ญ๐จ ๐ข๐๐๐ง๐ญ๐ข๐๐ฒ ๐ญ๐ก๐ ๐ฉ๐ซ๐๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐ ๐ฎ๐๐๐๐ฆ๐จ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
๐๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐จ๐๐๐๐ซ๐๐ ๐๐ฅ๐จ๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ญ๐จ ๐ค๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
๐๐จ๐ซ๐ญ๐๐ซ'๐ฌ ๐๐ข๐ฏ๐ ๐๐จ๐ซ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ ๐ฉ๐จ๐ญ๐๐ง๐๐ฒ ๐จ๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐๐ซ๐ฌ ๐ญ๐จ ๐๐ง๐๐๐ฅ๐ ๐ฌ๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐ญ๐จ ๐ฆ๐๐ค๐ ๐ฉ๐ซ๐จ๐๐ข๐ญ-๐จ๐ซ๐ข๐๐ง๐ญ๐๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ฌ๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง ๐ญ๐ก๐๐ข๐ซ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐๐ซ-๐๐ฎ๐ฒ๐๐ซ ๐ง๐๐ญ๐ฐ๐จ๐ซ๐ค.
๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐๐๐๐ฆ๐จ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
๐๐๐ฃ๐จ๐ซ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ ๐ข๐ง ๐๐๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง ๐๐ซ๐ ๐ฆ๐๐ฉ๐ฉ๐๐ ๐๐๐๐จ๐ซ๐๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐๐ข๐ซ ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ.
๐๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ข๐ง๐ ๐๐๐๐ข๐ฅ๐ข๐ญ๐๐ญ๐๐ฌ ๐๐๐ง๐๐ก๐ฆ๐๐ซ๐ค๐ข๐ง๐ ๐๐ง๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐ ๐๐ฅ๐๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐๐ฌ ๐๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฌ ๐ฐ๐๐ฅ๐ฅ ๐๐ฌ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ ๐ฎ๐๐๐๐ฆ๐จ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ญ๐ซ๐๐ง๐๐ฌ, ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ, ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ, ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐๐๐ฌ, ๐๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ.
๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ https://www.alliedmarketresearch.com/purchase-enquiry/A16882
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐ฐ
According to the insights of the CXOs, the guacamole market is expected to witness robust growth during the forecast period. The guacamole market is expanding as a result of rising urbanization and a dominantly work-centric population. These elements highlight the necessity for meals that need the least amount of time and energy to prepare, for which guacamole is ideal. Another factor is the long shelf life, and to preserve the flavor and seasonality of guacamole, manufacturers have developed the newest cold-press technologies, such as high-pressure processing. Some of the major producers are also making significant investments to guarantee the freshness of the avocado used as the raw material for making high-quality guacamole.
There is rise in demand for guacamole in the food & beverage industry as it is one of the good plant-based fats that can help lower risk of heart disease and stroke. The demand for guacamole products has increased in developed countries, such as the U.S. and Germany, owing to its health benefits. Guacamole helps reduce bloating, maintain a healthy body weight, and maintain youthful skin. In many different cuisines, guacamole is used in a broad variety of ways as a condiment, dip, and salad element. Increasing prices of avocados owing to the limited area under avocado production and constraints imposed by the short shelf life of guacamole are the factors that are restraining the growth of the guacamole market.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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