While evaporated milk will remain the dominant dairy product in Peru, sales are expected to slow consistently throughout the forecast period. Consumer confidence in evaporated milk was shaken during the review period after INDECOPI (the Peruvian National Institute for Defence of Competition and the Protection of Intellectual Property) found a number of leading brands had potentially misleading product descriptors and marketing terms that gave the impression they were made exclusively from cow’s milk, when in fact they contained up to 20% other ingredients, such as soy beans and various cereals.
Gloria will continue to lead other dairy over the forecast period. Its large foothold in evaporated milk ensures its success, as evaporated milk represents more than eight-tenths of total other dairy value sales.
Condensed milk will be one of the better performers in other dairy over the forecast period. Its popularity as an ingredient in preparing desserts, which increased over the pandemic, will support increased volume sales.
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Understand the latest market trends and future growth opportunities for the Other Dairy industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of chilled and shelf stable desserts, chilled snacks, coffee whiteners, condensed/evaporated milk, cream, and fromage frais and quark.See All of Our Definitions
This report originates from Passport, our Other Dairy research and analysis database.
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