Peru: Consumer Profile

October 2023

In 2022, Peru witnessed population growth, driven by stable natural change and rising life expectancy. The country is facing the arrival of Venezuelan refugees, as well as political unrest. In 2022, Gen Z emerged as the largest generation, and is expected to remain dominant over the period to 2040. Families with children dominate household numbers. Expenditure focused on essentials, while sustainability and online engagement gained traction in lifestyles.

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Overview:

Consumer Profiles  reports  provide key insights into the country's consumer landscape and uncover related business opportunities in 40 countries.


The Consumer Profiles offer valuable statistics and insights into key consumer indicators, linking household size, age, income, and spending patterns to behavioral trends and consumption habits. Utilizing a wide range of socioeconomic data, these reports quantify behaviors, preferences, and motivations both presently and forecasted across 40 markets. Analysis also encompasses Euromonitor’s lifestyles survey results, alongside the examination of longer-term shifts in consumer attitudes and behavior, analyzing their impact within each of the 40 countries. Consumer profiles are constantly changing, influenced by both socioeconomic factors and behavioral changes. Understanding these shifts is imperative for businesses to maintain competitiveness and adapt in order to capitalize on emerging opportunities.

The Consumer Profiles in Peru report includes:

A high-level analysis of socioeconomic data, including insights on demographics, income and expenditure, households, and consumer lifestyles backed by both in-house statistics and survey data. It also provides a concise compilation of socioeconomic data, offering a snapshot of the consumer landscape today (2022) and in the future (2040). The report is also illustrated with relevant and actionable case studies

The Consumer Profiles in Peru report answers:

  • How consumers in  Peru are changing? 
  • What are key changes in Peru population, society and generational structure and how it is affecting businesses?
  • What is the household structure in Peru and how it is changing consumer landscape?
  • What are key income groups in Peru? What is the outlook for the future?
  • Where consumers are  spending the money in Peru? 
  • How is the consumer mindset in Peru changing?
  • In Peru, what are consumer attitudes towards “green” and sustainable products?
  • Where and how do consumers shop in Peru?
Scope
Key drivers affecting consumers in Peru in 2022
How developments today shape consumer of tomorrow
Key findings
Today 2022: Generation Z stands as the largest generational cohort
Today: Y oung and expanding consumer demographic is encountering an influx of immigrants
Today: Older generations surpass Gen Z in online engagement
Tomorrow 2040: Gen Z remains the largest cohort
Tomorrow : Gen Alpha to witness the most rapid growth
Tomorrow : Lima remains the driving force behind consumption
Areas of opportunity
Case study: Grupo EFE acquired digital mall Juntoz
Today 2022: Couples with children remain the most frequent household type
Today: Consumers in Peru tend to live in larger homes
Today: Access to green spaces listed among top home features
Tomorrow 2040: Single person households witness rapid growth
Tomorrow: Older men will remain the decision makers
Tomorrow: Peruvians increasingly favour online communication
Areas of opportunity
Manzana Verde, Peruvian meal delivery platform with nutritional guidance, receives funding
Today 2022: Rising incomes and stronger spending in higher income bands
Today: Peruvians spend the most on food and non-alcoholic beverages
Today: Consumers show conservative spending plans amidst economic uncertainties
Tomorrow 2040: Social classes D and E to remain most prevalent in 2040
Tomorrow 2040: Economic slowdown and inflation contribute to poverty increase
Tomorrow 2040: Urban-rural income gap in Peru expected to narrow
Areas of opportunity
Peruvian apartment rental Wynwood House receives considerable funding
Key findings from the consumer survey
Today: Peruvians remain optimistic about their future
Peruvian consumers seek savings strategies as living costs rise
Work-life balance tops priority list for prospective workers in Peru
Physical stores remain relevant amid e-commerce growth
Peruvian consumers passionate environmental values and drive sustainable choices
Miniso unveils unique experiential store at Larcomar in Peru
Areas of opportunity
Key findings
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