Peru

Retail volume sales of cigarettes continued to decrease in 2017, as the increase in taxes witnessed in 2016 had a deeper effect during 2017. The Ministry of Economy and Finance (MEF) raised the Selective Consumption Tax (ISC) on tobacco by 157% for ...

Despite anti-tobacco controls, tax increases on cigarettes and regulations prohibiting smoking in public places, cigars and cigarillos has not seen much impact and has seen constant volume growth, because these are luxury products which are popular ...

Retail volume sales of cigarettes continued to decrease in 2017. The main reason for the decline was the effect of the tax increase in the middle of 2016, the effects of which became more intense in 2017. The government increased the Selective ...

Vapour products are popular mainly amongst people who want to quit smoking cigarettes, and also amongst young people who want to start smoking, but in a “less harmful” way. Vaping has become fashionable, and an alternative for people who want to quit...

Ancient grains speak to tradition and cultural heritage, but it is unquestionable that an increasing number of health-conscious consumers seek these ingredients. This briefing analyses the nutritional value of ancient grains, and delves into their ...

Peru’s favourable business landscape has helped it achieve solid economic momentum. Labour market dynamism has led to the highest employment rate in Latin America; however, some rigidity and skills shortages could hold back further progress. ...

Latin America’s real recovery will continue in 2018. The region’s consumer expenditure will also improve slightly in 2018. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances. Latin America ...

Peruvian households are currently in an important stage of development, as economic growth and rising living standards are evolving local consumer behaviours and reshaping the demographics of families. The real estate market is on the up, though ...

Most of the major economies in Latin America have faced significant economic and political challenges that have affected consumer spending across product categories, including purchases at grocery retailers. Economic crises in Brazil, Argentina and ...

Substantial natural resources continue to attract foreign investors to Peru and add to economic progression. However, this also makes the country highly susceptible to global commodity price changes and demand fluctuations in China, its single ...

Rising health and wellbeing concerns have seen local consumers make more informed choices when choosing packaged food or beverages. Thus, soft drinks with high sugar content are losing ground in the market as consumers shift their preference from ...

Peruvian consumers only demand reduced sugar and reduced fat products to help them to control their weight, which is more important to them than other health issues when purchasing better for you packaged food. These two types of products dominate ...

The wellbeing concerns of Peruvians go beyond weight loss and reduced sugar intake. With rising purchasing power and growing access to information, consumers are better informed when choosing packaged food or beverages. The demand for products that ...

Fortified/functional packaged food witnessed solid growth due to consumers looking for additional benefits when consuming traditional staples such as pasta, breakfast cereals, oils, baby formula or dairy. Therefore, they are willing to pay extra to ...

Each year, an increasing number of Peruvians acknowledge their intolerance to lactose and are beginning to consume free from lactose products. Peruvians are not used to visiting the doctor and commonly they prefer to consult pharmacists, delaying the...

Peruvians, especially in the provinces, have traditionally followed a healthy diet through the consumption of oatmeal, quinoa or amaranth at breakfast. This practice continues in some households. However, increasingly hectic lifestyles and ...

Naturally healthy packaged food is perceived by consumers as being directly derived from nature without any added artificial ingredients or large transforming processes, and therefore regarded as the healthiest options. It causes confusion since ...

There were no visible sales of organic beverages in Peru in 2017. This situation is not expected to change over the forecast period....

In Peru, organic packaged food is only present in other milk alternatives, prepared baby food and pasta. It has very low participation in each of these categories and a limited presence in some supermarkets and hypermarkets. There is an opportunity ...

The desire of local consumers to take better care of their health is on rise due to the country’s high rate of obesity, which can trigger diabetes, cardiovascular problems and other difficult and expensive diseases. Consumers are paying more ...