Guacamole Global Market Report 2024

Description

“Guacamole Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on guacamole market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for guacamole? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The guacamole market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Nature: Organic; Conventional
2) By Packaging: Glass Bottles; Glass Jars; Plastic Containers; Stand-Up Pouches
3) By Form: Frozen; Dried; Ready to make
4) By Distribution Channels: Supermarkets/Hypermarkets; Convenience Stores; Online; Specialty Stores
5) By End-use: Households; Food Processing Industry; Food Service Industry
Companies Mentioned: Avo-King International Inc.; Sabra Dipping Company LLC; Westfalia Fruit (Pty) Ltd.; Calavo Growers Inc.; Ortega - B&G Foods Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Guacamole is a cold food originating from Mexico, featuring avocados as its primary ingredient and commonly prepared as a dip, spread, or salad with additional elements such as tomatoes and chilies. The dish is crafted by mashing raw avocados and blending them with other flavor-enhancing ingredients such as tomatoes and onions. Guacamole is recognized for its positive effects on heart health, as well as its potential benefits for skin and hair care.

The main types of guacamole include nature, organic, and conventional variations. Organic guacamole is derived from avocados grown on organic plants, ensuring they are free from pesticides, fertilizers, and synthetic hormones. The absence of these potentially harmful chemicals makes organic guacamole a safer food option, containing healthy monounsaturated fats that offer benefits such as enhancing brain function and promoting overall health. Guacamole products are available in various packaging formats, including glass bottles, glass jars, plastic containers, and stand-up pouches, and are offered in frozen, dried, and ready-to-make forms. These products are distributed through supermarkets/hypermarkets, convenience stores, online platforms, and specialty stores, catering to households, the food processing industry, and the food service sector.

The guacamole market research report is one of a series of new reports from The Business Research Company that provides guacamole market statistics, including guacamole industry global market size, regional shares, competitors with an guacamole market share, detailed guacamole market segments, market trends and opportunities, and any further data you may need to thrive in the guacamole industry. This guacamole market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The guacamole market size has grown rapidly in recent years. It will grow from $1.15 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth observed during the historical period can be attributed to factors such as the heightened demand for ready-to-eat snacks, the availability of hass avocado varieties, the expansion of fast food and casual dining establishments, the influence of culinary trends and food blogging, and the increasing preference among consumers for health-conscious food choices.

The guacamole market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of avocado production, an increased emphasis on sustainable and ethical sourcing practices, the recognition of health benefits associated with avocado consumption, global culinary fusion trends, and a heightened focus on premium and gourmet offerings. Key trends expected in the forecast period include ongoing innovation in flavors and varieties, a focus on clean label and natural ingredients, the growing popularity of plant-based and vegan diets, a rise in on-the-go snacking habits, strategic marketing and branding initiatives, and the diversification of distribution channels.

The guacamole market is poised for growth due to the increasing demand for wholesome foods and plant-based diets. Wholesome foods, meeting quality and regulatory standards, contribute to good health. Plant-based diets, consisting of fruits, vegetables, nuts, whole grains, seeds, and legumes, align with the growing preference for healthier dietary choices. Guacamole, being avocado-fruit-based and free from animal products, is deemed suitable for plant-based diets. The guacamole market benefits from this trend, supported by the surge in demand for wholesome foods and plant-based diets. In 2021, retail sales of plant-based food in the USA, as reported by the Good Food Institute, increased by 6% to USD 7.4 billion, highlighting the driving force of the guacamole market.

The guacamole market is also expected to thrive due to the increasing demand for ready-to-eat products. Ready-to-eat foods, requiring no additional preparation, appeal to consumers seeking convenient and healthy meal options. Guacamole, known for its nutritional benefits, dietary fiber, flavor enhancement, and antioxidant properties, aligns with this demand. In 2021-22 (April-October), India's exports of ready-to-eat foods surged by 24% to $394 million, indicating a growing market for such products. The incorporation of guacamole into ready-to-eat offerings propels the guacamole market's growth, driven by consumer preferences for flavorful and convenient food choices.

A notable trend in the guacamole market is the emphasis on product innovations by major companies. These companies are actively developing new solutions to strengthen their market positions. For instance, in May 2021, Sabra Dipping Co. LLC introduced its Mexican Street Corn-Inspired Guacamole, featuring lime, sweet corn, chipotle, and Mexican-grown Hass avocados. Such innovations contribute to the dynamic growth of the guacamole market, meeting evolving consumer tastes and preferences.

Advanced solutions, such as the introduction of Guac-a-rita, are driving revenues in the guacamole market. Guac-a-rita, a novel beverage combining margaritas and guacamole, offers a unique and enjoyable experience. The product's design allows consumers to simultaneously enjoy chunky guacamole and a refreshing margarita. In July 2023, Good Foods Group LLC launched Guac-a-rita, providing a distinctive and convenient way to savor two popular summertime treats together. This creative product reflects the market's adaptability to consumer trends, contributing to the continued growth of the guacamole market.

In February 2023, Flagship Food Group, LLC made a strategic move by acquiring Yucatan Foods, LLC, further enhancing its position in the guacamole market. This acquisition strengthens Flagship's portfolio in the Hispanic and South-western categories, incorporating Yucatan guacamole and dips into its offerings. Yucatan Foods, LLC, known for manufacturing and marketing fresh guacamole and salsa, complements Flagship's diversified food product range, illustrating the industry's proactive approach to expansion and innovation.

Major companies operating in the guacamole market report are Avo-King International Inc., Sabra Dipping Company LLC, Westfalia Fruit (Pty) Ltd., Calavo Growers Inc., Ortega - B&G Foods Inc., Ventura Foods LLC, Casa Sanchez SF, Hormel Foods Corporation, Woolworths Group Limited, Wholly Guacamole, Salud Foodgroup Europe BV, MegaMex Foods LLC, Simpson Farms Pty. Ltd., Frontera Foods Inc., UTZ Brands Inc., McCormick & Company Inc., The Bloch & Guggenheimer Foods Inc., Conagra Brands Inc., Snowcrest Foods Ltd., General Mills Inc., Landec Corporation, Fresh Del Monte Produce Inc., Verfruco Foods Inc., Goya Foods Inc., Mission Foods Corporation, Garden of Eatin' Inc., Late July Snacks LLC, Simply Organic, Fresh Express Inc., Grupo Herdez

North America was the largest region in the guacamole market in 2023. North America is expected to be the fastest-growing region in the global guacamole market during the forecast period. The regions covered in the guacamole market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the guacamole market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The guacamole market consists of sales of guacamole-based spreads, sauce, dips, or salads. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11770

1. Executive Summary

2. Guacamole Market Characteristics

3. Guacamole Market Trends And Strategies

4. Guacamole Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Guacamole Market Size and Growth

5.1. Global Guacamole Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Guacamole Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Guacamole Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Guacamole Market Segmentation

6.1. Global Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Organic
Conventional
6.2. Global Guacamole Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Glass Bottles
Glass Jars
Plastic Containers
Stand-Up Pouches
6.3. Global Guacamole Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Frozen
Dried
Ready to make
6.4. Global Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarkets/Hypermarkets
Convenience Stores
Online
Specialty Stores
6.5. Global Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Households
Food Processing Industry
Food Service Industry

7. Guacamole Market Regional And Country Analysis

7.1. Global Guacamole Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Guacamole Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Guacamole Market

8.1. Asia-Pacific Guacamole Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Guacamole Market

9.1. China Guacamole Market Overview
9.2. China Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Guacamole Market

10.1. India Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Guacamole Market

11.1. Japan Guacamole Market Overview
11.2. Japan Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Guacamole Market

12.1. Australia Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Guacamole Market

13.1. Indonesia Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Guacamole Market

14.1. South Korea Guacamole Market Overview
14.2. South Korea Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Guacamole Market

15.1. Western Europe Guacamole Market Overview
15.2. Western Europe Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Guacamole Market

16.1. UK Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Guacamole Market

17.1. Germany Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Guacamole Market

18.1. France Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Guacamole Market

19.1. Italy Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Guacamole Market

20.1. Spain Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Guacamole Market

21.1. Eastern Europe Guacamole Market Overview
21.2. Eastern Europe Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Guacamole Market

22.1. Russia Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Guacamole Market

23.1. North America Guacamole Market Overview
23.2. North America Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Guacamole Market

24.1. USA Guacamole Market Overview
24.2. USA Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Guacamole Market

25.1. Canada Guacamole Market Overview
25.2. Canada Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Guacamole Market

26.1. South America Guacamole Market Overview
26.2. South America Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Guacamole Market

27.1. Brazil Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Guacamole Market

28.1. Middle East Guacamole Market Overview
28.2. Middle East Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Guacamole Market

29.1. Africa Guacamole Market Overview
29.2. Africa Guacamole Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Guacamole Market, Segmentation By Distribution Channels, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Guacamole Market, Segmentation By End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Guacamole Market Competitive Landscape And Company Profiles

30.1. Guacamole Market Competitive Landscape
30.2. Guacamole Market Company Profiles
- 30.2.1. Avo-King International Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Sabra Dipping Company LLC
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Westfalia Fruit (Pty) Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Calavo Growers Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Ortega - B&G Foods Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Guacamole Market Competitive Benchmarking

32. Global Guacamole Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Guacamole Market

34. Guacamole Market Future Outlook and Potential Analysis

34.1 Guacamole Market In 2028 - Countries Offering Most New Opportunities
34.2 Guacamole Market In 2028 - Segments Offering Most New Opportunities
34.3 Guacamole Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer