Margarine and spreads is expected to remain the largest category within butter and spreads over the forecast period. This is partly due to relatively low unit prices and its offer of an extensive assortment of brands, product types and pack sizes.
The consumption of butter and spreads via consumer foodservice will fully recover towards the end of the forecast period and eventually reach sales levels last seen in 2019 before the pandemic struck. Although home seclusion completely ended in 2022, the political and economic situation in the country is unlikely to prove conducive for Peruvians to increase their consumption levels, therefore sales via the foodservice channel are set to grow slowly.
Within butter, Laive SA and Grupo Gloria SA will maintain their leadership over the forecast period, given that they are the main dairy companies in the country, which guarantees their access to raw materials. They also have established relationships with various distribution channels, which helps them secure shelf space.
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Understand the latest market trends and future growth opportunities for the Butter and Spreads industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Butter and Spreads
This is the aggregation of butter, cooking fats and margarine and spreads.See All of Our Definitions
This report originates from Passport, our Butter and Spreads research and analysis database.
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