MarketResearch.biz has recently published a market research report titled, “Global Guacamole Market by Form, Application, Distribution Channel, and by Region/ Country (US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World) – Global Forecast from 2020 to 2029”. The report offers a detailed analysis of the global guacamole market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020 – 2024), which is projected to be valued at more than US$ 6 Billion, and this is expected to increase moderately over the latter part of the five-year forecast period.
Guacamole is a thick avocado-based paste which is used as a spread, dip, salad ingredient, etc., traditionally developed in Mexico.
Browse the full “Global Guacamole Market By Form, Application, Distribution Channel, And By Region/ Country (Us, Europe, Japan, China, India, Southeast Asia, South America, South Africa, And Rest Of The World) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/guacamole-market/
Global Guacamole Market: Dynamics
Drivers: Increasing awareness regarding health benefits of avocado and related products, including guacamole is among the major factors expected to drive growth of the target market. In addition, shifting preference of consumers towards ready-to-eat foods and fast foods is projected to further support market growth.
However, concerns regarding adulteration of guacamole and fluctuating cost of avocados are major factors that could hamper growth of the global guacamole market.
Trends: A recent trend that is witnessed in the global market is the use of some technologies to maintain the natural content of guacamole. Technology, such as High-Pressure Processing (HPP) is a method to sterilize that uses very high pressure of water to kill possible food-borne bacteria, rather than heat. This technology has enabled many manufacturers to manufacture fresh guacamole products. There is practically no change in product texture, taste, or nutrient content since no high temperature used. Fresherized Foods – a subsidiary of MegaMex Foods LLC – headquartered in Texas, was among the pioneers to commercialize the HPP technology. Today, the company provide its guacamole products under the brand of the Wholly Guacamole.
Opportunities: The global guacamole market will face high competition; as numerous new players are entering the market. The scope for expansion and growth is very high in the worldwide guacamole market, considering it is a perishable commodity. Some strategies, including the acquisitions and mergers with regional players, expanding the product line, launching new operations, etc. are some collective efforts which will create potential opportunities in the target market.
Global Guacamole Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global guacamole market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global guacamole market is expected to register a CAGR of 8.9% over the forecast period.
Global Guacamole Market: Segmental Snapshot
The market report has been segmented on the basis of form, application, distribution channel, and region/ country. The form segment includes frozen dried, and ready to eat. The application segment includes food processing industry, food service industry, and households. The distribution channel segment includes supermarkets/hypermarkets, convenience stores, online, and others. Regions/ countries include US, Europe, Japan, China, India, Southeast Asia, and Rest of the World.
Form: The ready to eat segment is projected to record highest CAGR of over 8.6% and account for highest revenue share over the 10-year period
Application: The households segment is expected to register highest compound annual growth rate of more than 8.7% in the global market, followed by the food service segment
Distribution Channel: The supermarkets/hypermarkets segment is expected to register highest CAGR of more than 9.1% in the global guacamole market, closely followed by the online segment in terms of revenue growth rate
Region/ Country: The US market is expected to register highest growth rate of more than 10.2%, followed by the Europe market
Global Guacamole Market: Competitive Analysis
The global guacamole market research report includes company profiles of major players/ companies such as Calavo Growers, Salud Food Group, Frontier Coop, Avo King, Curation Foods, Conagra Brands, Inc., B&G Foods Inc., MegaMex Foods LLC, Landec Corporation, and Sabra Dipping Company, LLC.
“Global Guacamole Market Report 2019: Industry Trends, Market Analysis, Market Size, Revenue Share, Market Opportunities, Key Players, Factors Driving, Segments, and Forecast 2020 – 2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global guacamole market for 2019–2029.
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