Overall demand for snack bars is not expected to recover until the end of the forecast period, with retail volume sales highly dependent on more normal consumption patterns amongst schoolchildren and younger adults in higher education. The penetration of this product is extremely low in Peru and its consumption occurs mainly outside of the home.
Major players such as Mondelez Peru SA, Alicorp SAA, and Molitalia SA (Carozzi) have sustained their supremacy through a wide portfolio of products and large distribution networks retaining a stronghold on this category. However, over the forecast period, competition is set to intensify as Nestlé Perú SA and Compañía Nacional de Chocolates (Grupo Nutresa) engage in new launches and aggressive promotions both through mass advertising and at points of sale.
Sweet biscuits, like most baked products, are seeing steep price increments in 2022 and there is much uncertainty about the short-and-medium-term prospects as higher raw material and transport costs look set to stay for a while. Since December 2020, the price of wheat as well as corn and soy has been rising, due to rising demand and concerns about the state of crops in regions such as Argentina, Europe, and the United States.
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Understand the latest market trends and future growth opportunities for the Sweet Biscuits, Snack Bars and Fruit Snacks industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Sweet Biscuits, Snack Bars and Fruit Snacks
This is the aggregation of biscuits and snack bars.
See All of Our DefinitionsThis report originates from Passport, our Sweet Biscuits, Snack Bars and Fruit Snacks research and analysis database.
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