Peru

Peru’s position in key business environment rankings continues to decline, and widespread corruption at all governing levels deters possible foreign investment and hinders the development of innovation. Despite labour market liberalisation, the ...

Peru is expected to be among the most dynamic consumer markets in Latin America through to 2030. Structural reforms are anticipated to tackle high informality, as well as boosting productivity and income growth. However, income and wealth ...

Towards the end of the review period, many Peruvian consumers were becoming increasingly interested in ancient and natural types of tea. This trend is especially noticeable among the millennial generation. Many people consider these types of tea to ...

Peruvian society is developing and affluent professionals living in the country’s major cities are increasingly interested in high-quality fresh coffee. In particular, emerging lifestyle trends are stimulating growth in foodservice volume sales of ...

Towards the end of the review period, the Peruvian government took action to curb sugar intake among its population, with the focus of these actions falling mainly on children. 2018 saw the introduction of a 25% tax on beverages that contain 6g or ...

Peru’s hot drinks industry continues to register positive sales growth as demand for traditional products remains strong. In addition, the industry continues to evolve. Emerging sales trends towards the end of the review period included greater ...

Latin America’s growht will slow considerably in 2019. The region’s consumer expenditure will also weaken slightly in 2019. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances. Latin America ...

Peru’s economy is highly dependent on natural resources. This exposes the country’s exports to global commodity price shocks and to a Chinese economic slowdown. Nevertheless, government finances are healthy and able to withstand external pressures, ...

Although value sales and transactions with credit cards are increasing, these cards are still often used for higher-value purchases and less for general everyday consumption. As a result, they tend to be mostly used for purchases in establishments ...

Debit cards have been growing at the fastest pace in volume and value terms among financial cards. This is being driven by increasing banking levels and expansion of merchant acceptance of these cards, such as networks of agents that allow consumers ...

There are no charge cards in circulation in Peru. They are not expected to appear in the forecast period....

Financial cards and payments continued to record growth in cards in circulation, transactions and overall value in 2019. Peru’s economy remains one of the fastest growing in the region, with real GDP rising, low inflation and increasing employment ...

Pre-paid cards are experiencing fast growth and are expected to continue expanding, as there are still a large number of people, who, for a variety of different reasons, are unbanked, but need to transfer money or want access to e-commerce. Pre-paid ...

Store cards is a shrinking category due to key historic players like Falabella or Ripley preferring to develop relationships with operators with a wider coverage, like Visa or Mastercard, which gives them the possibility of achieving a greater number...

Packaged food recorded accelerating retail value and volume growth in 2019, driven to a large extent by the ongoing popularity of the health and convenience trends. Packaged bread witnessed strong growth as its longer shelf life offers increased ...

Peruvians tend to use edible oils when cooking most meals, including animal proteins such as chicken or red meat, as well as rice and grains. Almost all cooked dishes in the country have a base or foundation of fried garlic, onion and other spices, ...

Despite strong growth towards the end of the review period, ready meals remained a niche in 2019. Cooking with fresh ingredients, instead of purchasing ready meals, is cheaper in Peru. Unit price is extremely important, especially for medium and ...

Sauces, dressings and condiments are important in the preparation of Peruvian food and are frequently used in large quantities. Cooks often add cumin, onion, garlic, monosodium glutamate, salt or coriander to dishes. Many of these are purchased ...

The ongoing decline in soup consumption is being driven by the health trend, as consumers associate these products with high chemical content and Peruvians prefer freshly cooked meals. There is a common belief that dehydrated soup, which holds the ...

The increasing health awareness among consumers is likely to lead to lower retail volume growth for all sweet spreads over the forecast period than that witnessed over the review period. The only exception is set to be honey, which is regarded as a ...