Global Guacamole Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The growing popularity of snack dips, spreads and salads are on the rise especially from the advent of international cuisines. The growing Hispanic population is yet another factor for the rise in consumption of guacamole across the globe

Data Bridge Market Research analyses that the guacamole market was valued at USD 1.78 billion in 2021 and is expected to reach the value of USD 3.53 billion by 2029, at a CAGR of 8.95% during the forecast period of 2022 to 2029.

Market Definition

Guacamole is a thick or semi-liquid avocado paste made with chopped tomatoes, onions, chilli peppers, and seasoning. Guacamole is a traditional Mexican dip/spread that originated during the Aztec civilization.

Report Scope and Market Segmentation

Guacamole Market Dynamics

Drivers

• Growing preferences for healthy and wholesome foods

This superfood is high in potassium, antioxidants, and healthy fats, and it has a plethora of health benefits. As a result, as more people seek to live healthier lifestyles by eating wholesome foods, the demand for guacamole is expected to skyrocket. This is a significant factor that is expected to drive revenue growth in the global guacamole market over the next decade. Furthermore, the rising popularity of dips and the rising popularity of healthy snacks among individuals are two important factors that are expected to influence future market growth opportunities for this global industry.

• Growing popularity for international cuisines

Guacamole has become a staple in many international cuisines as a result of globalisation, resulting in a significant increase in demand. Furthermore, there are numerous health benefits associated with guacamole consumption. It's mostly avocado, which is high in vitamins, minerals, and fats. Guacamole is a healthy food option for consumers due to its high fibre content. Guacamole is also high in potassium, which aids the body in maintaining proper fluid balance. Furthermore, guacamole is high in antioxidants and heart-healthy fats, both of which improve health. It is also linked to a healthy body weight, reduces bloating, and keeps the skin looking young.

Opportunity

Growing demand for plant-based foods has compelled major manufacturers to seek alternatives to conventional ingredients in order to adapt their products to the new paradigm and maximise profitability. This has also increased the emphasis on crop quality preservation and intensifying production on existing croplands. Plant-based diets improve gut health, which allows for better nutrient absorption and, as a result, improves the immune system. Guacamole is a direct derivative of the avocado fruit, and it is also made with simpler plant-based ingredients. This enables manufacturers to sell their goods at competitive prices.

Restraints

Avocados are expensive, making it out of reach for the middle-income group, posing a significant challenge to the guacamole market. Many customers consider avocados to be too perishable to buy, and efforts to keep them fresh for a long time pose an additional barrier to their acceptance. Though there is a high demand for avocados, maintaining supplies and managing a highly perishable commodity with a short shelf life that can result in food waste are some of the issues confronting the guacamole market.

This guacamole market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the guacamole market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Guacamole Market

However, in light of the recent COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with a reduced workforce due to imposed lockdowns and restrictions by respective governing bodies.

Recent Development

• WHOLLY GUACAMOLE's manufacturers introduced a novel package refresh in August 2020, inspired by the brand's value scheme - ALL REAL. NO DRAMA. – The commitment to assisting customers in appreciating the benefits of avocado without the drama. Because of the use of high-pressure technology, ALL commodities are prepared with hand-scooped Hass avocados, true constituents, and no added preservatives. To differentiate their product from competitors and attract customers, the brand enlisted the help of creative agency Chase Design Group to create a fundamental and clear packaging redesign.

Global Guacamole Market Scope

The guacamole market is segmented on the basis of nature, packaging, form, end-use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

• Organic
• Conventional

Packaging

• Glass Bottles
• Glass Jars
• Plastic Containers
• Stand-Up Pouches

Form

• Frozen
• Dried
• Ready to make

End use

• Food Processing Industry
• HoReCa
• Households

Distribution channel

• B2B
• B2C

Guacamole Market Regional Analysis/Insights

The guacamole market is analysed and market size insights and trends are provided by country, nature, packaging, form, end-use and distribution channel as referenced above.

The countries covered in the guacamole market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The North America Guacamole Market accounted for the lion's share of revenue. Guacamole was invented in Mexico and quickly spread throughout the world. Furthermore, it is made from Avocados, which are widely harvested in Mexico and the United States of America. These factors have propelled the growth of the Guacamole market in North America. The Guacamole market is rapidly expanding to Europe as a result of increased globalisation, which has resulted in guacamole being included in various international cuisines and used as salad dressings in addition to the traditional Mexican cuisine. The health benefits of avocados, combined with an increase in average avocado consumption, will drive the growth of the Guacamole market during the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Guacamole Market Share Analysis

The guacamole market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to guacamole market.

Some of the major players operating in the guacamole market are:

• Avo-King (Mexico)
• MegaMex Foods, LLC. (U.S)
• SNOWCREST (Canada)
• SABRA DIPPING CO., LLC, (U.S)
• Westfalia Fruit (Pty) Ltd (U.S)
• Conagra Brands (U.S)
• Calavo Growers, Inc. (U.S)
• B&G Foods, Inc. (U.S)
• Ventura Foods, LLC, (U.S)
• Casa Sanchez SF (U.S)
• Hormel Foods Corporation (US)
• Woolworths Group Limited (US)

SKU-54093