While condensed milk will remain the dominant other dairy category in Peru, sales are expected to slow consistently throughout the forecast period. Consumer confidence in condensed 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 were using 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.
Chilled and shelf stable desserts, as well as chilled snacks, have little or no presence in Peru. By 2022, only some shelf stable desserts (mainly puddings) were found, which first entered the market in 2018.
In 2022 and 2023, cream is set to see a decline after a growth spike in 2020 when demand surged as people cooked and baked more at home during lockdown. Over the forecast period, growth is set to slow as there are no expected changes in usage habits, either in sweet or salty recipes.
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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.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Other Dairy industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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