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Guacamole Market Projected to Reach $1.5 Billion by 2031, Driven by Health-Conscious Consumers
![According to a new report published by Allied Market Research, titled, โGuacamole Market," The guacamole market was valued at $852](https://img.einnews.com/ampsize/576057/guacamole-market-demand.png)
The global guacamole market, valued at $852.30 million in 2021, is expected to grow at a CAGR of 5.8%, reaching $1.5 billion by 2031.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, September 1, 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.
๐๐๐๐ญ 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. The 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.
Nevertheless, a prominent aspect that is projected to significantly raise revenue growth potential for the global guacamole market in the next 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, supermarket and hypermarket, 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 the 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 size through the food service industry segment.
๐๐๐๐ค๐ 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, supermarket & hypermarket dominates 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 material 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 the North America 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.
๐ก๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
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- - ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐๐๐๐ฆ๐จ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
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- - 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.
๐๐๐ง๐ช๐ฎ๐ข๐ซ๐ https://www.alliedmarketresearch.com/purchase-enquiry/A16882
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