According to Guacamole Market, the market grew by 5% between 2016 and 2020. By the end of 2020, sales for domestic usage amounted for over 45% of total sales, with positive growth trends anticipated in the short term. This ties together with the rising popularity of avocados as a healthy food and the advantages to customers’ health that it provides.According to research on the guacamole market, it will grow at a rate of about 7% CAGR until 2031 and surpass a valuation of US$ 2.3 billion. Over the next ten years, conventional guacamole will remain account for over 90% of market share, despite growing demand for organic guacamole worldwide.
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Insights into the guacamole market reveal that, demand for guacamole is the highest on sports days such as the Super Bowl, which is also estimated to be the highest single-consumption-day of the year. It is the most widely consumed food product during sports events, significantly in contemporary American culture, even though the event does not take place during the typical growing season of avocados.
Growing popularity is due to multiple uses and easy digestion that guacamole offers, as mostly, there is no physical activity of the body involved during such gaming events. Many manufacturers are using this as an opportunity and are drawing plans on how to use it to enhance their sales. This not only comes out to be a good marketing strategy but also a good sales opportunity for manufacturers.
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Key Points Covered in Guacamole Market Survey:
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 Impact on guacamole and how to navigate
- Recommendation on key winning strategies
Key Market Segments (Guacamole Market)
Nature
- Organic Guacamole
- Conventional Guacamole
Flavor
- Unflavored/Plain Guacamole
- Flavored Guacamole
End Use
- Guacamole for Food Processing Industry
- Guacamole for Food Service Industry
- Guacamole for Retail/Household
Distribution Channel
Business to Business
Business to Consumers
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
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FAQ’S:
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- Which countries are key producers of guacamole?
- Who are the main exporters of guacamole?
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