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Guacamole Market Size

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

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Guacamole Market Size

The global guacamole market size was valued at USD 2.1 billion in 2023 and is estimated to grow at a CAGR of over 9% from 2024 to 2032. The market is witnessing robust growth, fueled by shifting consumer preferences and a rising appetite for healthy, convenient food choices. A notable trend is the surge in plant-based diets, positioning guacamole—primarily avocado-based—as a healthier substitute for conventional dips and spreads. This aligns with a heightened consumer focus on nutrition and wellness, with many seeking foods rich in healthy fats, vitamins, and minerals.

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Moreover, the allure of Mexican cuisine and the versatile use of guacamole—from appetizers to burger and sandwich toppings—have amplified its popularity. The proliferation of foodservice outlets, coupled with the convenience of ready-to-eat products, further propels the market's expansion.

Guacamole Market Report Attributes
Report Attribute	Details
Base Year:	2023
Guacamole Market Size in 2023:	USD 2.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	9%
2032 Value Projection:	USD 4.6 Billion
Historical Data for:	2021 - 2023
No. of Pages:	200
Tables, Charts & Figures:	172
Segments covered:	Type, Packaging Type, Distribution Channel
Growth Drivers:	The rising awareness of health benefits Culinary trends Increased demand for ready-to-eat and easy-to-use food products Sustainability focus
Pitfalls & Challenges:	Price volatility Shelf-life challenges

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According to the United States Department of Agriculture (USDA), avocado consumption in the U.S. has increased from 1.1 pounds per capita in 1989 to 8.0 pounds per capita in 2023, reflecting the growing demand for guacamole and other avocado-based products. Additionally, the USDA reports that the global avocado market is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028.

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.