While Gloria will continue to lead yoghurt over the forecast period, with Laive also having a sizeable foothold, there is an opportunity for private label to gain some value share. Private label is growing in Peru and if the economy continue to be under pressure over the forecast period, this will support volume growth.
Over the forecast period, sugar-free and fat-free products are expected to register stronger growth. This trend will be supported by manufacturers who already have special lines for healthy products such as Sbelt by Laive, or Slim by Gloria.
The development of plant-based yoghurt, based on almonds and coconuts, could emerge as a threat to growth in traditional yoghurt over the forecast period, though currently value sales are negligible. However, as long as the economy remain sluggish, this will dampen any growth prospects of plant-based yoghurt, as it is more expensive than traditional offerings.
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Understand the latest market trends and future growth opportunities for the Yoghurt and Sour Milk Products 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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This is the aggregation of sour milk products and yoghurt. Note: Plant-based yoghurt and sour milk products should be excluded from this category and tracked under plant-based yoghurt.
See All of Our DefinitionsThis report originates from Passport, our Yoghurt and Sour Milk Products research and analysis database.
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