Packaged Food in Peru

December 2020
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Overview:

Understand the latest market trends and future growth opportunities for the Packaged Food 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 Packaged Food 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.

The Packaged Food in Peru report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Packaged Food in Peru?
  • Which are the leading brands in Packaged Food in Peru?
  • How are products distributed in Packaged Food in Peru?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Packaged Food?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in Peru?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?

Packaged Food in Peru

EXECUTIVE SUMMARY

COVID-19 impact on packaged food
COVID-19 country impact
Company response
Retailing shift
Foodservice vs retail split
What next for packaged food?

FOODSERVICE

Sales to Foodservice
A high number of restaurants face bankruptcy in 2020 as a result of COVID-19 lockdown restrictions Foodservice outlets take extra precautions to meet the safety measures required for opening in 2020 Foodservice suppliers change their business models in 2020 to reach consumers directly
Consumer Foodservice
Consumer preferences change in 2020, as cleanliness and safety become the most important considerations Health trend evident in consumer foodservice and is expected to continue into forecast period Traditional eating habits prevail, as consumers seek out well-known dishes
Category Data
Chart 1 Packaged Food Value Sales Growth Scenarios: 2017-2024 Chart 2 Packaged Food Impact of Drivers on Value Sales: 2016-2024 Table 1 Foodservice Sales of Packaged Food by Category: Volume 2015-2020 Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2020-2025 Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2020-2025

MARKET DATA

Table 5 Sales of Packaged Food by Category: Volume 2015-2020 Table 6 Sales of Packaged Food by Category: Value 2015-2020 Table 7 Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 8 Sales of Packaged Food by Category: % Value Growth 2015-2020 Table 9 GBO Company Shares of Packaged Food: % Value 2016-2020 Table 10 NBO Company Shares of Packaged Food: % Value 2016-2020 Table 11 LBN Brand Shares of Packaged Food: % Value 2017-2020 Table 12 Penetration of Private Label by Category: % Value 2015-2020 Table 13 Distribution of Packaged Food by Format: % Value 2015-2020 Table 14 Distribution of Packaged Food by Format and Category: % Value 2020 Table 15 Forecast Sales of Packaged Food by Category: Volume 2020-2025 Table 16 Forecast Sales of Packaged Food by Category: Value 2020-2025 Table 17 Forecast Sales of Packaged Food by Category: % Volume Growth 2020-2025 Table 18 Forecast Sales of Packaged Food by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

Chocolate Confectionery in Peru

KEY DATA FINDINGS

2020 IMPACT

Chocolate confectionery sales see increase as COVID-19 encourages home indulgences in 2020
Boxed assortments sales plummet as consumers avoid expensive products in 2020
Nestlé Perú continues to dominate in 2020 thanks to its iconic brand Sublime, despite another year of overall declining share value

RECOVERY AND OPPORTUNITIES

Overall domestic recovery will stimulate chocolate confectionery growth over the forecast period
Tablets lead retail value sales as unit prices creep up
High cocoa content to become more popular as consumer knowledge continues to develop
Summary 2 Other Chocolate Confectionery by Product Type: 2020

CATEGORY DATA

Table 19 Sales of Chocolate Confectionery by Category: Volume 2015-2020 Table 20 Sales of Chocolate Confectionery by Category: Value 2015-2020 Table 21 Sales of Chocolate Confectionery by Category: % Volume Growth 2015-2020 Table 22 Sales of Chocolate Confectionery by Category: % Value Growth 2015-2020 Table 23 Sales of Chocolate Tablets by Type: % Value 2015-2020 Table 24 NBO Company Shares of Chocolate Confectionery: % Value 2016-2020 Table 25 LBN Brand Shares of Chocolate Confectionery: % Value 2017-2020 Table 26 Distribution of Chocolate Confectionery by Format: % Value 2015-2020 Table 27 Forecast Sales of Chocolate Confectionery by Category: Volume 2020-2025 Table 28 Forecast Sales of Chocolate Confectionery by Category: Value 2020-2025 Table 29 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2020-2025 Table 30 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2020-2025

Gum in Peru

KEY DATA FINDINGS

2020 IMPACT

Social restrictions due to COVID-19 make for less opportunities to consume gum in 2020
Fresh, sugar-free chewing gum continues to extend lead over fruity bubble gum in 2020
Mondelez Perú leads gum in 2020 with its wide range and flavour innovation

RECOVERY AND OPPORTUNITIES

Positive future for gum compared to 2020, its worst performing year of the review period
Chewing gum will post strong CAGRs, outselling review period figures within the forecast period
Gum prices to rise only just above inflation, as consumers continue to watch expenditures

CATEGORY DATA

Table 31 Sales of Gum by Category: Volume 2015-2020 Table 32 Sales of Gum by Category: Value 2015-2020 Table 33 Sales of Gum by Category: % Volume Growth 2015-2020 Table 34 Sales of Gum by Category: % Value Growth 2015-2020 Table 35 Sales of Gum by Flavour: Rankings 2015-2020 Table 36 NBO Company Shares of Gum: % Value 2016-2020 Table 37 LBN Brand Shares of Gum: % Value 2017-2020 Table 38 Distribution of Gum by Format: % Value 2015-2020 Table 39 Forecast Sales of Gum by Category: Volume 2020-2025 Table 40 Forecast Sales of Gum by Category: Value 2020-2025 Table 41 Forecast Sales of Gum by Category: % Volume Growth 2020-2025 Table 42 Forecast Sales of Gum by Category: % Value Growth 2020-2025

Sugar Confectionery in Peru

KEY DATA FINDINGS

2020 IMPACT

Home seclusion due to COVID-19 increases sweet tooth purchases in 2020
Sugar confectionery distribution is largely unaffected as independent small grocers remain open during lockdown in 2020
Molitalia and Mondelez Perú retain lead in 2020, thanks in part to existing brand awareness

RECOVERY AND OPPORTUNITIES

Sugar confectionery is boosted by good 2020 value sales, but will struggle to maintain growth rates over forecast period
Lack of innovation and consumer interest will keep unit prices down
Sugar confectionery is segmented by age, with different levels of innovation
Summary 3 Other Sugar Confectionery by Product Type: 2020

CATEGORY DATA

Table 43 Sales of Sugar Confectionery by Category: Volume 2015-2020 Table 44 Sales of Sugar Confectionery by Category: Value 2015-2020 Table 45 Sales of Sugar Confectionery by Category: % Volume Growth 2015-2020 Table 46 Sales of Sugar Confectionery by Category: % Value Growth 2015-2020 Table 47 Sales of Pastilles, Gums, Jellies and Chews by Type: % Value 2015-2020 Table 48 NBO Company Shares of Sugar Confectionery: % Value 2016-2020 Table 49 LBN Brand Shares of Sugar Confectionery: % Value 2017-2020 Table 50 Distribution of Sugar Confectionery by Format: % Value 2015-2020 Table 51 Forecast Sales of Sugar Confectionery by Category: Volume 2020-2025 Table 52 Forecast Sales of Sugar Confectionery by Category: Value 2020-2025 Table 53 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2020-2025 Table 54 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2020-2025

Sweet Biscuits, Snack Bars and Fruit Snacks in Peru

KEY DATA FINDINGS

2020 IMPACT

Spending more time at home because of COVID-19 aids retail value sales in 2020
Health and fitness trends boost demand for niche products in 2020
Big players succeed with strong distribution and keen price deals in 2020

RECOVERY AND OPPORTUNITIES

New habits will see elevated home consumption of snacks continue through forecast period
Health labels put off consumers but drive innovation
Local brands can pivot to succeed with new products

CATEGORY DATA

Table 55 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2015-2020 Table 56 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2015-2020 Table 57 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2015-2020 Table 58 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2015-2020 Table 59 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2016-2020 Table 60 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2017-2020 Table 61 NBO Company Shares of Sweet Biscuits: % Value 2016-2020 Table 62 LBN Brand Shares of Sweet Biscuits: % Value 2017-2020 Table 63 NBO Company Shares of Snack Bars: % Value 2016-2020 Table 64 LBN Brand Shares of Snack Bars: % Value 2017-2020 Table 65 NBO Company Shares of Fruit Snacks: % Value 2016-2020 Table 66 LBN Brand Shares of Fruit Snacks: % Value 2017-2020 Table 67 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2015-2020 Table 68 Distribution of Sweet Biscuits by Format: % Value 2015-2020 Table 69 Distribution of Snack Bars by Format: % Value 2015-2020 Table 70 Distribution of Fruit Snacks by Format: % Value 2015-2020 Table 71 Forecast Sales of Biscuits and Snack Bars by Category: Volume 2020-2025 Table 72 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2020-2025 Table 73 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2020-2025 Table 74 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2020-2025

Ice Cream and Frozen Desserts in Peru

KEY DATA FINDINGS

2020 IMPACT

Home consumption of water ice creams will increase during COVID-19, but foodservice volumes will plummet in 2020
Strawberry ice cream continues to see value sale decline, falling to fourth place behind Peruvian superfood lucuma, as consumers seek artisan products and new sensations in 2020
Nestlé Peru maintains dominant value shares with innovative distribution and packaging in 2020

RECOVERY AND OPPORTUNITIES

Ice cream and frozen desserts avoids value sales decline in current price terms, with strong growth expected over the forecast period
Ice cream sticks remain preferred format thanks to low unit prices and good distribution
Artisan products and reduced calorie options set to benefit from new healthy living trends

CATEGORY DATA

Table 75 Sales of Ice Cream and Frozen Desserts by Category: Volume 2015-2020 Table 76 Sales of Ice Cream and Frozen Desserts by Category: Value 2015-2020 Table 77 Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2015-2020 Table 78 Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2015-2020 Table 79 Sales of Ice Cream by Leading Flavours: Rankings 2015-2020 Table 80 Sales of Impulse Ice Cream by Format: % Value 2015-2020 Table 81 NBO Company Shares of Ice Cream and Frozen Desserts: % Value 2016-2020 Table 82 LBN Brand Shares of Ice Cream and Frozen Desserts: % Value 2017-2020 Table 83 NBO Company Shares of Ice Cream: % Value 2016-2020 Table 84 LBN Brand Shares of Ice Cream: % Value 2017-2020 Table 85 NBO Company Shares of Impulse Ice Cream: % Value 2016-2020 Table 86 LBN Brand Shares of Impulse Ice Cream: % Value 2017-2020 Table 87 NBO Company Shares of Take-home Ice Cream: % Value 2016-2020 Table 88 LBN Brand Shares of Take-home Ice Cream: % Value 2017-2020 Table 89 NBO Company Shares of Frozen Desserts: % Value 2016-2020 Table 90 LBN Brand Shares of Frozen Desserts: % Value 2017-2020 Table 91 Distribution of Ice Cream and Frozen Desserts by Format: % Value 2015-2020 Table 92 Distribution of Ice Cream by Format: % Value 2015-2020 Table 93 Distribution of Frozen Desserts by Format: % Value 2015-2020 Table 94 Forecast Sales of Ice Cream and Frozen Desserts by Category: Volume 2020-2025 Table 95 Forecast Sales of Ice Cream and Frozen Desserts by Category: Value 2020-2025 Table 96 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2020-2025 Table 97 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2020-2025

Savoury Snacks in Peru

KEY DATA FINDINGS

2020 IMPACT

Savoury snacks benefit from increased home consumption as COVID-19 restrictions cause people to add snacks to shopping lists instead of purchasing on impulse in 2020
Value sales of healthy and unhealthy snacks increase in 2020 despite government warnings of adverse side-effects
Increased competition does not dislodge the big top three in 2020

RECOVERY AND OPPORTUNITIES

Diverse savoury snacks keeps growth momentum despite shift in consumer demand after COVID-19
Innovative non-traditional snacks and use of local ingredients to maintain consumer interest
Pepsi Co to include corporate social responsibility programmes in production and marketing strategy
Summary 4 Other Savoury Snacks by Product Type: 2020

CATEGORY DATA

Table 98 Sales of Savoury Snacks by Category: Volume 2015-2020 Table 99 Sales of Savoury Snacks by Category: Value 2015-2020 Table 100 Sales of Savoury Snacks by Category: % Volume Growth 2015-2020 Table 101 Sales of Savoury Snacks by Category: % Value Growth 2015-2020 Table 102 NBO Company Shares of Savoury Snacks: % Value 2016-2020 Table 103 LBN Brand Shares of Savoury Snacks: % Value 2017-2020 Table 104 Distribution of Savoury Snacks by Format: % Value 2015-2020 Table 105 Forecast Sales of Savoury Snacks by Category: Volume 2020-2025 Table 106 Forecast Sales of Savoury Snacks by Category: Value 2020-2025 Table 107 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2020-2025 Table 108 Forecast Sales of Savoury Snacks by Category: % Value Growth 2020-2025

Baby Food in Peru

KEY DATA FINDINGS

2020 IMPACT

Growing-up and follow-on milk formula sales shrink due to decreasing incomes and preference for home-made food
Mothers continue to use milk formula as doctors defy public health policy in recommending products
Renaming of baby compotes products following Indecopi inspection

RECOVERY AND OPPORTUNITIES

Private label set to increase share through pharmacy sales
Consumption of growing-up milk formula will suffer as parents move babies to cow’s milk at early age
Organic baby food unlikely to see growth due to being viewed as too expensive and inferior to home-made preparations

CATEGORY DATA

Table 109 Sales of Baby Food by Category: Volume 2015-2020 Table 110 Sales of Baby Food by Category: Value 2015-2020 Table 111 Sales of Baby Food by Category: % Volume Growth 2015-2020 Table 112 Sales of Baby Food by Category: % Value Growth 2015-2020 Table 113 NBO Company Shares of Baby Food: % Value 2016-2020 Table 114 LBN Brand Shares of Baby Food: % Value 2017-2020 Table 115 Distribution of Baby Food by Format: % Value 2015-2020 Table 116 Forecast Sales of Baby Food by Category: Volume 2020-2025 Table 117 Forecast Sales of Baby Food by Category: Value 2020-2025 Table 118 Forecast Sales of Baby Food by Category: % Volume Growth 2020-2025 Table 119 Forecast Sales of Baby Food by Category: % Value Growth 2020-2025

Butter and Spreads in Peru

KEY DATA FINDINGS

2020 IMPACT

Butter and spreads experience growth due to increased home food preparation
Players produce widening range of packaging to meet varying consumer budgets
Local companies lead butter and spreads, with Alicorp benefiting from wide range

RECOVERY AND OPPORTUNITIES

Butter and spreads unlikely to compete against cooking products due to tradition
Butter consumption set for long-term rise due to its increasing perception as a healthy fat
Companies expected to compete on price as consumers opt for cheapest rather than a specific brand

CATEGORY DATA

Table 120 Sales of Butter and Spreads by Category: Volume 2015-2020 Table 121 Sales of Butter and Spreads by Category: Value 2015-2020 Table 122 Sales of Butter and Spreads by Category: % Volume Growth 2015-2020 Table 123 Sales of Butter and Spreads by Category: % Value Growth 2015-2020 Table 124 NBO Company Shares of Butter and Spreads: % Value 2016-2020 Table 125 LBN Brand Shares of Butter and Spreads: % Value 2017-2020 Table 126 Distribution of Butter and Spreads by Format: % Value 2015-2020 Table 127 Forecast Sales of Butter and Spreads by Category: Volume 2020-2025 Table 128 Forecast Sales of Butter and Spreads by Category: Value 2020-2025 Table 129 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2020-2025 Table 130 Forecast Sales of Butter and Spreads by Category: % Value Growth 2020-2025

Cheese in Peru

KEY DATA FINDINGS

2020 IMPACT

Cheese growth trend interrupted in 2020 as COVID-19 decreases incomes
Plain cheeses preferred for everyday use, spiced or seasoned for special occasions
Unpackaged informal products the main threat to leading brands

RECOVERY AND OPPORTUNITIES

Cheese volume sales expected to grow as economy recovers and incomes rise
Edam, Fresco and Gouda expected to remain popular in unprocessed cheese
Reduced fat cheese set to see increasing popularity among health-conscious consumers

CATEGORY DATA

Table 131 Sales of Cheese by Category: Volume 2015-2020 Table 132 Sales of Cheese by Category: Value 2015-2020 Table 133 Sales of Cheese by Category: % Volume Growth 2015-2020 Table 134 Sales of Cheese by Category: % Value Growth 2015-2020 Table 135 Sales of Spreadable Processed Cheese by Type: % Value 2015-2020 Table 136 Sales of Unprocessed Cheese by Type: % Value 2015-2020 Table 137 NBO Company Shares of Cheese: % Value 2016-2020 Table 138 LBN Brand Shares of Cheese: % Value 2017-2020 Table 139 Distribution of Cheese by Format: % Value 2015-2020 Table 140 Forecast Sales of Cheese by Category: Volume 2020-2025 Table 141 Forecast Sales of Cheese by Category: Value 2020-2025 Table 142 Forecast Sales of Cheese by Category: % Volume Growth 2020-2025 Table 143 Forecast Sales of Cheese by Category: % Value Growth 2020-2025

Drinking Milk Products in Peru

KEY DATA FINDINGS

2020 IMPACT

Decrease in sales of small drinking milk products as consumers spend more time at home
Boom in other milk alternatives linked to healthy image and rise in veganism and lactose intolerance
Gloria maintains strong lead with a diverse, high-quality portfolio

RECOVERY AND OPPORTUNITIES

Full fat shelf stable milk set to recover shares as consumers return to traditional preferences
Growth expected for other milk alternatives with health an increasing concern for consumers
Consumers seek added nutritional value, especially in children’s products

CATEGORY DATA

Table 144 Sales of Drinking Milk Products by Category: Volume 2015-2020 Table 145 Sales of Drinking Milk Products by Category: Value 2015-2020 Table 146 Sales of Drinking Milk Products by Category: % Volume Growth 2015-2020 Table 147 Sales of Drinking Milk Products by Category: % Value Growth 2015-2020 Table 148 NBO Company Shares of Drinking Milk Products: % Value 2016-2020 Table 149 LBN Brand Shares of Drinking Milk Products: % Value 2017-2020 Table 150 Distribution of Drinking Milk Products by Format: % Value 2015-2020 Table 151 Forecast Sales of Drinking Milk Products Products by Category: Volume 2020-2025 Table 152 Forecast Sales of Drinking Milk Products Products by Category: Value 2020-2025 Table 153 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2020-2025 Table 154 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2020-2025

Yoghurt and Sour Milk Products in Peru

KEY DATA FINDINGS

2020 IMPACT

Smaller drinking yoghurt package sizes sees decreased demand in 2020 while consumers work and study at home
Dominating player Gloria continues to expand portfolio
Wealthier consumers seek premium yoghurt, with glass jars appealing

RECOVERY AND OPPORTUNITIES

Yoghurt growth expected as consumers increasingly seek healthier snack options
Plain yoghurt expected to grow from small base due to versatile usage
Widening variety of packaging likely to increase demand for drinking yoghurt

CATEGORY DATA

Table 155 Sales of Yoghurt and Sour Milk Products by Category: Volume 2015-2020 Table 156 Sales of Yoghurt and Sour Milk Products by Category: Value 2015-2020 Table 157 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2015-2020 Table 158 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2015-2020 Table 159 Sales of Flavoured Yoghurt by Flavour: Rankings 2015-2020 Table 160 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2016-2020 Table 161 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2017-2020 Table 162 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2015-2020 Table 163 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2020-2025 Table 164 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2020-2025 Table 165 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2020-2025 Table 166 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2020-2025

Other Dairy in Peru

KEY DATA FINDINGS

2020 IMPACT

Manufacturers reduce product variety to meet COVID-19 safety measures
Condensed milk most popular form of milk in Peru, benefiting from convenience and low price
Consumers increasingly distrust ingredients and labelling in other dairy products

RECOVERY AND OPPORTUNITIES

No signs of recovery for domestic milk production
Condensed milk set to suffer due to unhealthy image and labelling issues
Few value-added entrants expected as consumers seek basic low-priced products

CATEGORY DATA

Table 167 Sales of Other Dairy by Category: Volume 2015-2020 Table 168 Sales of Other Dairy by Category: Value 2015-2020 Table 169 Sales of Other Dairy by Category: % Volume Growth 2015-2020 Table 170 Sales of Other Dairy by Category: % Value Growth 2015-2020 Table 171 Sales of Cream by Type: % Value 2015-2020 Table 172 NBO Company Shares of Other Dairy: % Value 2016-2020 Table 173 LBN Brand Shares of Other Dairy: % Value 2017-2020 Table 174 Distribution of Other Dairy by Format: % Value 2015-2020 Table 175 Forecast Sales of Other Dairy by Category: Volume 2020-2025 Table 176 Forecast Sales of Other Dairy by Category: Value 2020-2025 Table 177 Forecast Sales of Other Dairy by Category: % Volume Growth 2020-2025 Table 178 Forecast Sales of Other Dairy by Category: % Value Growth 2020-2025

Edible Oils in Peru

KEY DATA FINDINGS

2020 IMPACT

COVID-19 lockdown boosted demand for olive oil as more Peruvians innovated in the kitchen
Other edible oil continues to dominate due to its wide availability and low prices
Alicorp retains its lead in 2020 with strong portfolio of brands and new product developments

RECOVERY AND OPPORTUNITIES

More manufacturers will begin to promote specific benefits of edible oil into the forecast period
Private label expected to gain ground into forecast period due to expansion of modern retailing
Health trend will support growth of healthier edible oils into forecast period, though higher costs may deter some consumers

CATEGORY DATA

Table 179 Sales of Edible Oils by Category: Volume 2015-2020 Table 180 Sales of Edible Oils by Category: Value 2015-2020 Table 181 Sales of Edible Oils by Category: % Volume Growth 2015-2020 Table 182 Sales of Edible Oils by Category: % Value Growth 2015-2020 Table 183 NBO Company Shares of Edible Oils: % Value 2016-2020 Table 184 LBN Brand Shares of Edible Oils: % Value 2017-2020 Table 185 Distribution of Edible Oils by Format: % Value 2015-2020 Table 186 Forecast Sales of Edible Oils by Category: Volume 2020-2025 Table 187 Forecast Sales of Edible Oils by Category: Value 2020-2025 Table 188 Forecast Sales of Edible Oils by Category: % Volume Growth 2020-2025 Table 189 Forecast Sales of Edible Oils by Category: % Value Growth 2020-2025

Ready Meals in Peru

KEY DATA FINDINGS

2020 IMPACT

COVID-19 boosts sales of frozen pizzas in 2020, as lockdown restrictions cause people to spend more time at home
New product developments as companies innovate to attract consumers in 2020
Ready meals undeveloped in Peru due to poor reputation

RECOVERY AND OPPORTUNITIES

High unit price will remain a barrier for penetration into the forecast period
New products and new manufacturers will enter ready meals in coming years
Peruvian tradition favours freshly prepared meals, with ready meals likely to remain regarded unfavourably

CATEGORY DATA

Table 190 Sales of Ready Meals by Category: Volume 2015-2020 Table 191 Sales of Ready Meals by Category: Value 2015-2020 Table 192 Sales of Ready Meals by Category: % Volume Growth 2015-2020 Table 193 Sales of Ready Meals by Category: % Value Growth 2015-2020 Table 194 Sales of Frozen Ready Meals by Ethnicity: % Value 2015-2020 Table 195 NBO Company Shares of Ready Meals: % Value 2016-2020 Table 196 LBN Brand Shares of Ready Meals: % Value 2017-2020 Table 197 Distribution of Ready Meals by Format: % Value 2015-2020 Table 198 Forecast Sales of Ready Meals by Category: Volume 2020-2025 Table 199 Forecast Sales of Ready Meals by Category: Value 2020-2025 Table 200 Forecast Sales of Ready Meals by Category: % Volume Growth 2020-2025 Table 201 Forecast Sales of Ready Meals by Category: % Value Growth 2020-2025

Sauces, Dressings and Condiments in Peru

KEY DATA FINDINGS

2020 IMPACT

COVID-19 lockdown boosts consumer demand for sauces, dressings and condiments in 2020, though foodservice volume sales plummet
Health concerns negatively impact some sauces, dressings and condiments in 2020
New product innovations seen in 2020 as companies latch onto consumer trends

RECOVERY AND OPPORTUNITIES

Strong tradition of home-made sauces remains, limiting retail volume growth going forward
Salad dressings faces growth limitations, with home-made alternatives more appealing for consumers
Companies will seek to innovate into the forecast period, though consumers will continue to prefer traditional sauces

CATEGORY DATA

Table 202 Sales of Sauces, Dressings and Condiments by Category: Volume 2015-2020 Table 203 Sales of Sauces, Dressings and Condiments by Category: Value 2015-2020 Table 204 Sales of Sauces, Dressings and Condiments by Category: % Volume Growth 2015-2020 Table 205 Sales of Sauces, Dressings and Condiments by Category: % Value Growth 2015-2020 Table 206 Sales of Cooking Sauces by Type: % Value 2015-2020 Table 207 NBO Company Shares of Sauces, Dressings and Condiments: % Value 2016-2020 Table 208 LBN Brand Shares of Sauces, Dressings and Condiments: % Value 2017-2020 Table 209 Distribution of Sauces, Dressings and Condiments by Format: % Value 2015-2020 Table 210 Forecast Sales of Sauces, Dressings and Condiments by Category: Volume 2020-2025 Table 211 Forecast Sales of Sauces, Dressings and Condiments by Category: Value 2020-2025 Table 212 Forecast Sales of Sauces, Dressings and Condiments by Category: % Volume Growth 2020-2025 Table 213 Forecast Sales of Sauces, Dressings and Condiments by Category: % Value Growth 2020-2025

Sweet Spreads in Peru

KEY DATA FINDINGS

2020 IMPACT

Decline of chocolate spread slowed in 2020 due to lockdown restrictions, though sales will still fall
Private label continues to take share in Peru due to offering lower prices and good quality
Productos Unión expands its sales in 2020 due to its healthier spreads

RECOVERY AND OPPORTUNITIES

Health trend and new labelling requirements will lead to lower growth into forecast period
Jams and preserves will remain present in all Peruvian houses
More premium sweet spread products expected to launch into forecast period

CATEGORY DATA

Table 214 Sales of Sweet Spreads by Category: Volume 2015-2020 Table 215 Sales of Sweet Spreads by Category: Value 2015-2020 Table 216 Sales of Sweet Spreads by Category: % Volume Growth 2015-2020 Table 217 Sales of Sweet Spreads by Category: % Value Growth 2015-2020 Table 218 Sales of Jams and Preserves by Leading Flavours: Rankings 2015-2020 Table 219 NBO Company Shares of Sweet Spreads: % Value 2016-2020 Table 220 LBN Brand Shares of Sweet Spreads: % Value 2017-2020 Table 221 Distribution of Sweet Spreads by Format: % Value 2015-2020 Table 222 Forecast Sales of Sweet Spreads by Category: Volume 2020-2025 Table 223 Forecast Sales of Sweet Spreads by Category: Value 2020-2025 Table 224 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2020-2025 Table 225 Forecast Sales of Sweet Spreads by Category: % Value Growth 2020-2025

Soup in Peru

KEY DATA FINDINGS

2020 IMPACT

Nestlé Perú loses share in 2020 giving up its lead
Supply problems slow growth of soups in 2020, with private label brands benefiting

RECOVERY AND OPPORTUNITIES

Health trend likely to negatively influence soup, with fears about unnatural ingredients
High price of shelf stable soup will keep this product unpopular in coming years
Independent small grocers will remain the main channel in coming years, albeit losing share to modern grocery retailers

CATEGORY DATA

Table 226 Sales of Soup by Category: Volume 2015-2020 Table 227 Sales of Soup by Category: Value 2015-2020 Table 228 Sales of Soup by Category: % Volume Growth 2015-2020 Table 229 Sales of Soup by Category: % Value Growth 2015-2020 Table 230 Sales of Soup by Leading Flavours: Rankings 2015-2020 Table 231 NBO Company Shares of Soup: % Value 2016-2020 Table 232 LBN Brand Shares of Soup: % Value 2017-2020 Table 233 Distribution of Soup by Format: % Value 2015-2020 Table 234 Forecast Sales of Soup by Category: Volume 2020-2025 Table 235 Forecast Sales of Soup by Category: Value 2020-2025 Table 236 Forecast Sales of Soup by Category: % Volume Growth 2020-2025 Table 237 Forecast Sales of Soup by Category: % Value Growth 2020-2025

Baked Goods in Peru

KEY DATA FINDINGS

2020 IMPACT

Dessert mixes see strong growth in 2020 due to popularity of baking during lockdown
Panificadora Bimbo del Perú retains its lead in baked goods in 2020, while Productos Unión faces supply challenges
Artisanal products continue to dominate in 2020

RECOVERY AND OPPORTUNITIES

Health trend will remain important in bread into the forecast period with increasing use of native seeds, while convenience will drive growth of packaged varieties
The drive to consume fewer carbohydrates will limit growth of baked goods into the forecast period
Negrita looks to rebrand in coming years

CATEGORY DATA

Table 238 Sales of Baked Goods by Category: Volume 2015-2020 Table 239 Sales of Baked Goods by Category: Value 2015-2020 Table 240 Sales of Baked Goods by Category: % Volume Growth 2015-2020 Table 241 Sales of Baked Goods by Category: % Value Growth 2015-2020 Table 242 Sales of Pastries by Type: % Value 2015-2020 Table 243 NBO Company Shares of Baked Goods: % Value 2016-2020 Table 244 LBN Brand Shares of Baked Goods: % Value 2017-2020 Table 245 Distribution of Baked Goods by Format: % Value 2015-2020 Table 246 Forecast Sales of Baked Goods by Category: Volume 2020-2025 Table 247 Forecast Sales of Baked Goods by Category: Value 2020-2025 Table 248 Forecast Sales of Baked Goods by Category: % Volume Growth 2020-2025 Table 249 Forecast Sales of Baked Goods by Category: % Value Growth 2020-2025

Breakfast Cereals in Peru

KEY DATA FINDINGS

2020 IMPACT

COVID-19 lockdown boosts demand for RTE breakfast cereals
Companies will continue to innovate in 2020, particularly in healthy cereals and children’s breakfast cereals
Cereales Angel remains leading breakfast cereal brand in 2020, with strong advertising

RECOVERY AND OPPORTUNITIES\

High sugar content of children’s breakfast cereals to lead to lower growth going forward
The convenience of breakfast cereals will drive ongoing growth into forecast period
Hot cereals will be increasingly regarded as superfoods in coming years

CATEGORY DATA

Table 250 Sales of Breakfast Cereals by Category: Volume 2015-2020 Table 251 Sales of Breakfast Cereals by Category: Value 2015-2020 Table 252 Sales of Breakfast Cereals by Category: % Volume Growth 2015-2020 Table 253 Sales of Breakfast Cereals by Category: % Value Growth 2015-2020 Table 254 NBO Company Shares of Breakfast Cereals: % Value 2016-2020 Table 255 LBN Brand Shares of Breakfast Cereals: % Value 2017-2020 Table 256 Distribution of Breakfast Cereals by Format: % Value 2015-2020 Table 257 Forecast Sales of Breakfast Cereals by Category: Volume 2020-2025 Table 258 Forecast Sales of Breakfast Cereals by Category: Value 2020-2025 Table 259 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2020-2025 Table 260 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2020-2025

Processed Meat and Seafood in Peru

KEY DATA FINDINGS

2020 IMPACT

Hot dogs remain popular in 2020 despite being associated with carcinogens
Florida brand leads in 2020, followed by San Fernando and Braedt
New launches focus on premium products, as consumers seek high quality and healthier processed meat

RECOVERY AND OPPORTUNITIES

Processed poultry will become increasingly popular into the forecast period due to the growing health trend
Peru’s low per capita processed meat consumption offers room for growth into forecast period, particularly among younger consumers
Popular brands will continue to be promoted in modern grocery retailers in coming years

CATEGORY DATA

Table 261 Sales of Processed Meat and Seafood by Category: Volume 2015-2020 Table 262 Sales of Processed Meat and Seafood by Category: Value 2015-2020 Table 263 Sales of Processed Meat and Seafood by Category: % Volume Growth 2015-2020 Table 264 Sales of Processed Meat and Seafood by Category: % Value Growth 2015-2020 Table 265 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2015-2020 Table 266 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2015-2020 Table 267 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2015-2020 Table 268 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2015-2020 Table 269 NBO Company Shares of Processed Meat and Seafood: % Value 2016-2020 Table 270 LBN Brand Shares of Processed Meat and Seafood: % Value 2017-2020 Table 271 Distribution of Processed Meat and Seafood by Format: % Value 2015-2020 Table 272 Forecast Sales of Processed Meat and Seafood by Category: Volume 2020-2025 Table 273 Forecast Sales of Processed Meat and Seafood by Category: Value 2020-2025 Table 274 Forecast Sales of Processed Meat and Seafood by Category: % Volume Growth 2020-2025 Table 275 Forecast Sales of Processed Meat and Seafood by Category: % Value Growth 2020-2025

Processed Fruit and Vegetables in Peru

KEY DATA FINDINGS

2020 IMPACT

Frozen fruit sees a boost in demand as a result of lockdown restrictions
Private label makes good progress against the leader in 2020
Alicorp capitalises on its popular reputation in edible oils

RECOVERY AND OPPORTUNITIES

The limited availability of refrigeration will restrict the distribution of frozen products via traditional grocery retailers into forecast period
Convenience will support ongoing growth of shelf stable beans in coming years
Processed fruit and vegetables will be slow to develop in Peru, with only one product popular

CATEGORY DATA

Table 276 Sales of Processed Fruit and Vegetables by Category: Volume 2015-2020 Table 277 Sales of Processed Fruit and Vegetables by Category: Value 2015-2020 Table 278 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2015-2020 Table 279 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2015-2020 Table 280 Sales of Frozen Processed Vegetables by Type: % Value Breakdown 2015-2020 Table 281 NBO Company Shares of Processed Fruit and Vegetables: % Value 2016-2020 Table 282 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2017-2020 Table 283 Distribution of Processed Fruit and Vegetables by Format: % Value 2015-2020 Table 284 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2020-2025 Table 285 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2020-2025 Table 286 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2020-2025 Table 287 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2020-2025

Rice, Pasta and Noodles in Peru

KEY DATA FINDINGS

2020 IMPACT

COVID-19 lockdown increases demand for instant noodles in 2020 due to lower cost and convenience
Pasta remains a competitive product area in 2020, with companies investing in advertising to stand out
Cencosud Retail Perú launches private label line Cuisine&Co

RECOVERY AND OPPORTUNITIES

Rice is likely to remain the most consumed foodstuff in Peru into the forecast period, though pasta will also see increase in demand
New launches of brown rice will target consumers seeking to eat more healthily
Lack of brand loyalty will make prices of products important into the forecast period

CATEGORY DATA

Table 288 Sales of Rice, Pasta and Noodles by Category: Volume 2015-2020 Table 289 Sales of Rice, Pasta and Noodles by Category: Value 2015-2020 Table 290 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2015-2020 Table 291 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2015-2020 Table 292 Sales of Instant Noodles by Leading Flavours: Rankings 2015-2020 Table 293 NBO Company Shares of Rice, Pasta and Noodles: % Value 2016-2020 Table 294 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2017-2020 Table 295 NBO Company Shares of Rice: % Value 2016-2020 Table 296 LBN Brand Shares of Rice: % Value 2017-2020 Table 297 NBO Company Shares of Pasta: % Value 2016-2020 Table 298 LBN Brand Shares of Pasta: % Value 2017-2020 Table 299 NBO Company Shares of Noodles: % Value 2016-2020 Table 300 LBN Brand Shares of Noodles: % Value 2017-2020 Table 301 Distribution of Rice, Pasta and Noodles by Format: % Value 2015-2020 Table 302 Distribution of Rice by Format: % Value 2015-2020 Table 303 Distribution of Pasta by Format: % Value 2015-2020 Table 304 Distribution of Noodles by Format: % Value 2015-2020 Table 305 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2020-2025 Table 306 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2020-2025 Table 307 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2020-2025 Table 308 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2020-2025
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This report originates from Passport, our Packaged Food research and analysis database.

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