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
16ht Sept 2019
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
“Global Guacamole Market” is a published report at MarketResearch.biz. The global guacamole market is expected to be valued at over US$ 0.1 Bn in 2020 and is projected to register a CAGR of 8.9% over the forecast period. The global guacamole market report has been segmented on the basis of form, application, distribution channel, and region.
Guacamole is a thick paste made up of avocado fruit, which is available in semi-liquid paste and sauce/dip form. Guacamole sauce/dip is normally mixed with chopped tomatoes, onions, chili flakes, peppers, and seasoning. An avocado-based dip, salad topping, or spread, was first developed by Aztecs in Mexico, back in 16th century. Apart from its wide use in Mexican cuisine, it has become an integral part of various American and international cuisines as a salad ingredient, dip, and condiment. Attributed to globalization of guacamole, demand of is has increased significantly over the last few years. Traditionally, Guacamole sauce/dip I manufactured by mashing ripped avocado with sea salt in pestle and mortar. Lime juice, cilantro, and jalapeños are often used in these recipes. However, sour cream, tomatoes, basil, peas, etc. are used in some non-traditional recipes. Enzymatic reaction is happened when polyphenol oxidase presence in avocado comes in contact with oxygen in air. Due to this fact, melanoidin pigment is produced and it turns the color of the sauce to brown. These methods are considered as unappetizing and there are many methods, which are used to counter the effect. These methods include wrapping it tightly in plastic and storing it in an air-tight jar. These methods are to keep the product from the exposure of oxygen in the air. As primary ingredient in guacamole is raw avocado, nutritional value of various dishes made with guacamole is very high. These products contain vitamins, abundant minerals, several vitamin K, dietary fiber, B vitamins, fats, potassium, and vitamin E. Avocados are rich sources of saturated fat, monounsaturated fat, and phytosterols such as beta-sitosterol. It also contains lutein, zeaxanthin, and carotenoids including beta-carotene.
Consumers make guacamole a healthy food option due to various properties of guacamole. The high potassium in guacamole helps body to maintain apt fluid balance. The rich source of healthy fats, and strong oxidants in guacamole improve health of heart. It also helps in maintaining healthy body weight, reduces stomach bloating, and keeps the skin healthy and vibrant. All these benefits of the product are expected to support growth of the global guacamole market over the forecast period. In addition to the various health benefits, the global market of guacamole is witnessing significant growth owing to the rise of the fast-food industry because guacamole is majorly used as a dip and condiment, which is also supporting growth of the market. Owing to its various nutritional benefits, avocado is preferred as a natural and healthy ingredient in several food products, which further drives demand for the product in the global market. This factor is one of the primary reasons for the continuous growth of the global guacamole market. Additionally, the rising popularity of various types of dips and a significant rise in consumption of healthy snack items across the globe are factors that are projected to support demand for guacamole in the global market over the forecast period.
Global guacamole market is supported by various factors including changing food habits and rising penetration of food trends on social media platforms, which, in turn, shifting the consumer base of guacamole from its traditional American markets to several European and Asian Countries. Hispanic population– age 25 to 44 – are very health-conscious consumers and are interested in nutritious and fresh prepared foods, using simple, real, and clean ingredients without preservatives, and mainly ready-to-eat. Increasing the Hispanic population in the United States is one of the key factors in rising demand for guacamole, as the target audience is educated fast-food consumers with higher-income. Guacamole, owing to the similar properties to avocados, it is becoming trendy in the US. The rising demand for guacamole is also attributable to its health benefits coupled with increasing consumption of fast food items. Additionally, the consumption of guacamole is increasing significantly, since the US government removed the ban on avocados trading from Mexico, and is expected to support demand for guacamole over the forecast period.
Global Guacamole Market Segment Analysis:
By Form: Among the form segments, the ready-to-eat segment is projected to account for majority revenue share and register a CAGR of over 8.6% over the forecast period.
By Application: Among the application segments, the foodservice industry segment is projected to account for majority revenue share and register a CAGR of 8.7% over the forecast period.
By Distribution Channel: Among the distribution channel segments, the supermarkets/ hypermarkets segment is projected to account for majority revenue share and register a CAGR of 9.1% over the forecast period.
Global Guacamole Market Regional Analysis:
The market in the US currently accounts for highest revenue share among the regional markets, followed by Europe, Japan, China, and India, respectively. The US market is projected to register highest CAGR of over 10.2% in the global guacamole market.
Key developments by Companies
Conagra Brands, Inc. (Year-2019)
Acquisitions/Mergers/Takeovers; In January, Conagra Brands entered into a strategic contract to acquire Gelit.
Plans/Strategy; In February, the company announced to launch OvenRoaster Sheet Pan Vegetables to expand its Veggie Made line of frozen products.
Divestiture; In May, the company divest its Italian frozen pasta company to Gelit.
New Products/Services; In February, the company announced to launch new Unicorn Magic Pudding Cups under Snack Pack brand
Global Guacamole Market Segmentation:
- Frozen Dried
- Ready to Eat
- Food Processing Industry
- Food Service Industry
By Distribution Channel:
- Convenience Stores
- Southeast Asia
- Rest of the World
- Calavo Growers
- Salud Food Group
- Frontier Co.op
- Avo King
- Curation Foods
- Conagra Brands, Inc
- B&G Foods Inc.
- MegaMex Foods Llc
- Landec Corporation
- Sabra Dipping Company, LLC
- Chapter 1 Global Guacamole Market Insights
- 1.1 Introduction
- 1.2 Global Guacamole Market is segmented on the basis of Form, Application, Distribution Channels, and Region
- 1.3 Drivers
- 1.4 Restraints
- 1.5 Opportunities
- 1.6 Trends
- 1.7 PEST Analysis
- 1.8 PORTER’s Five Forces Analysis
- 1.9 Macro-economic Factors
- 1.10 Opportunity Orbits
- 1.11 Opportunity Map Analysis
- 1.11.1 Optimistic Scenario
- 1.11.2 Likely Scenario
- 1.11.3 Conservative Scenario
- Chapter 1 Global Guacamole Market Insights
Request for Customization
- How much revenue share in the US market projected to account for in the global guacamole market in 2026?: In 2026, the US region market is projected to account for revenue share of US$ 626.2 Mn
- Revenue from ready-to-eat segment is projected to expand at what rate over the forecast period in the global guacamole market?Revenue from the ready-to-eat segment in the global guacamole market is projected to expand at a CAGR of more than 8.6% over the forecast period
- What is the projected global revenue share difference between ready-to-eat and frozen dried segments in the global market in 2029?The projected global revenue share difference between ready-to-eat and frozen dried segments in the global market in 2029 is approximately US$ 1.1 Bn.
- Which are the leading five key players in the global guacamole market?Calavo Growers, Salud Food Group, Frontier Co.op, Avo King, and Curation Foods are the leading five key players in the global guacamole market
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