Guacamole Market to Hit US$ 1.7 Billion by 2027, with a CAGR of 7.6% – Exclusive Report by IMARC Group

Published March 14, 2023

According to the latest report by IMARC Group, titled “Guacamole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global guacamole market size reached a value of US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027.

Guacamole refers to a thick and creamy avocado-based spread or dip made using lime, onion, chili pepper, garlic, tomato, and seasonings, including salt and black pepper. It aids in improving brain and liver functioning, minimizing liver damage, promoting heart health, preventing stroke, and fighting inflammation. Guacamole also assists in promoting satiety and keeping an individual full until the next meal and reduces deeper visceral abdominal fat. As a result, guacamole is extensively used in the food and beverage (F&B) sector as a condiment and salad ingredient in numerous dishes.

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Guacamole Market Trends:

The inflating urbanization and the growing working population are leading to the elevating need for convenient meals that require minimal cooking time and energy is primarily augmenting the guacamole market. Furthermore, the rising globalization is resulting in the increasing willingness among individuals for international cuisines, which is positively influencing the global market. Apart from this, the escalating demand for guacamole, as it is rich in antioxidants, healthy fats, fibers, and potassium, on account of the widespread adoption of a healthier lifestyle and the consumption of wholesome foods, is acting as another significant growth-inducing factor. Moreover, the inflating number of fast-food restaurants is propelling the requirement for sandwiches, burritos, and salads prepared with guacamole, which is also bolstering the market growth. Besides this, the growing popularity of healthy and nutrition-packed snacks served with dips is further catalyzing the global market. Additionally, the rising need for plant-based food products is offering several manufacturers to attract a wider consumer base and maximize profitability, which is also driving the market growth. In addition to this, the increasing penetration of social media platforms and the emerging trend of food vlogging are expected to drive the guacamole market in the coming years.

Competitive Landscape With Key Players:

The competitive landscape of the guacamole market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Wholly
  • Yucatan
  • Sabra
  • Calvio
  • Salud Food Group
  • Westfalia Fruit, etc.

Key Market Segmentation:

The report has segmented the guacamole market on the basis of form type, end-use, packaging, distribution channel and region.

Breakup by Form:

  • Frozen
  • Dried
  • Ready to Make

Breakup by End Use:

  • Food Processing Industry
  • Food Service Industry
  • Households

Breakup by Packaging:

  • Glass Bottles
  • Plastic Containers
  • Stand Up Pouches

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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