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Guacamole Market Analysis

  • Report ID: GMI12075
  • Published Date: Oct 2024
  • Report Format: PDF

Guacamole Market Analysis

Organic guacamole segment was valued at USD 1.3 billion in 2023, and it is anticipated to expand to 9.5% of CAGR till 2032. The organic guacamole segment is experiencing significant growth, driven by a rising consumer preference for health-conscious and sustainable eating. Consumers view organic products as healthier, especially due to the lack of synthetic pesticides and fertilizers. This perception resonates strongly with millennials and health-focused individuals.
 

Additionally, heightened awareness regarding food sourcing and the environmental consequences of agricultural methods bolsters this trend. Brands providing organic guacamole frequently command premium price points, underscoring consumers' readiness to invest in products that resonate with their values.
 

Guacamole Market Revenue Share, By Packaging Type, (2023)

The guacamole market from pouches segment will gained a 9.9% CAGR from 2024 to 2032. Consumers increasingly favor pouches for their convenience and portability. These pouches are especially sought after for on-the-go snacking, making them perfect for lunchboxes, picnics, and casual gatherings. Additionally, their flexible packaging plays a vital role in preserving freshness, especially for perishable items like guacamole.
 

Supermarkets/hypermarkets segment was valued at USD 1.1 billion in 2023 and gained a 9.5% CAGR during 2024 to 2032. Supermarkets and hypermarkets lead the way in guacamole distribution. With a diverse array of brands and varieties, these retail giants have become the go-to shopping hubs for consumers. Additionally, in-store promotions and sampling play a pivotal role, spurring impulse buys and enhancing sales.
 

U.S. Guacamole Market Size, 2021- 2032 (USD Million)

The U.S. guacamole market size dominated around USD 704.3 million in 2023 and expected to grow at a 10.6% CAGR through 2032. One of the most significant trends is the increasing consumer focus on health and wellness. As Americans become more health-conscious, the demand for nutritious snacks and food options is surging.
 

Guacamole, celebrated for its healthy fats and nutritional benefits, is perfectly positioned to capitalize on this trend. With consumers gravitating towards products crafted from natural ingredients, there's been a notable uptick in the demand for organic and clean-label guacamole. Brands prioritizing transparency in sourcing and ingredient quality are carving out a larger share of the market.
 

North America stands as the dominant segment in the guacamole market. This growth is driven by several factors such as a heightened focus on health-conscious eating, the widespread allure of Mexican cuisine, and the diverse range of guacamole products available in supermarkets and restaurants. Additionally, the rise in demand is fueled by the convenience of ready-to-eat options and the growing trend of using guacamole as a versatile ingredient across various dishes.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of guacamole reached USD 2.1 billion in 2023 and is set to grow at a 9% CAGR from 2024 to 2032, driven by shifting consumer preferences and a rising appetite for healthy, convenient food choices.

The pouch segment is expected to grow at a 9.9% CAGR through 2032, as consumers increasingly favor pouches for their convenience and portability.

The U.S. market was valued at approximately USD 704.3 million in 2023 and is anticipated to grow at a 10.6% CAGR through 2032, led by a significant trend of increasing consumer focus on health and wellness.

The key players in the industry include Afp Advanced Food Products, Calavo Growers, Cg Produce, Conagra Foodservice, Hormel Foods Corporation, Megamex Foods, Sabra Dipping Company, Teasdale Latin Foods, and Westfalia Fruit.

Guacamole Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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