Mexico Guacamole Market to Record a YoY Growth Rate of 8.4%

IMARC Group, a leading market research company, has recently releases report titled “Mexico Guacamole Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Mexico guacamole market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How much is the Mexico guacamole market worth?

The Mexico guacamole market size reached US$ 116.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 244.5 Million by 2028, exhibiting a growth rate (CAGR) of 8.4% during 2023-2028.

What is guacamole?

Guacamole is a thick greenish semi-liquid avocado-based dip that is mixed with various additional condiments and chopped tomatoes, jalapenos, cilantro, and onion to enhance its flavors. It is enriched with various essential nutrients, including fiber, carbohydrates, monounsaturated fats, vitamins, folate, potassium, magnesium, pantothenic acid, and magnesium. Its regular consumption can help lower the risk of heart disease and stroke, enhance brain function, decrease blood pressure, prevent oxidative damage, and lower cholesterol levels naturally. Based on these properties, guacamole is consumed by individuals as a traditional condiment and salad ingredient.

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What are the growth prospects and trends in the industry?

The growing demand for various plant-based products, such as avocado and guacamole, over meat-based products, due to the increasing health consciousness and the rising consumer awareness regarding its multiple nutritional benefits, is primarily driving the market growth. Furthermore, the widespread adoption of guacamole in the food and beverage (F&B) and hospitality sector as a salad topping, sauce, wraps, and critical ingredient in tacos, devilled eggs, soups, and fajitas is favoring the market growth.

Additionally, the escalating need for ready-to-eat (RTE) processed foods, owing to the hectic lifestyle schedules and changing consumer preferences, has facilitated the extensive uptake of frozen or canned guacamole, which is propelling the market growth. Besides this, the growing product consumption, especially by the Hispanic population present in Mexico, and the advent of guacamole mayo, spreads, and dressings are supporting the market growth in the country.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Form:

• Frozen
• Dried
• Ready to Make

Breakup by End Use:

• Food Processing Industry
• Food Service Industry
• Households

Breakup by Packaging Type:

• Glass Bottles
• Plastic Containers
• Stand Up Pouches

Breakup by Distribution Channel:

• Business to Business
• Business to Consumer

Regional Analysis:

• North
• Center
• West
• East

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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