The Peruvian government exempted from various products in the basic food basket from IGV (18% tax), including rice, pasta, and meat products, among others. While this exoneration was only initially put in place for six months during 2022, it is anticipated that it will be extended. This decision has been made to compensate for the rise in the cost of living and prevent families from being more affected by a decline in purchasing power.
The Staple Foods in Peru report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2017-2021, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in < - Year - > directly informs our forecasts to 2026, clearly indicating how the market is expected to change.
Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.
Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.
The Staple Foods in Peru report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2017-2021, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in < - Year - > directly informs our forecasts to 2026, clearly indicating how the market is expected to change.
Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.
Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Staple Foods market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
STAPLE FOODS IN PERUEXECUTIVE SUMMARY
- Staple foods in 2022: The big picture
- Key trends in 2022
- Competitive landscape
- Channel developments
- What next for staple foods?
MARKET DATA
- Table 1 Sales of Staple Foods by Category: Volume 2017-2022
- Table 2 Sales of Staple Foods by Category: Value 2017-2022
- Table 3 Sales of Staple Foods by Category: % Volume Growth 2017-2022
- Table 4 Sales of Staple Foods by Category: % Value Growth 2017-2022
- Table 5 NBO Company Shares of Staple Foods: % Value 2018-2022
- Table 6 LBN Brand Shares of Staple Foods: % Value 2019-2022
- Table 7 Penetration of Private Label by Category: % Value 2017-2022
- Table 8 Distribution of Staple Foods by Format: % Value 2017-2022
- Table 9 Forecast Sales of Staple Foods by Category: Volume 2022-2027
- Table 10 Forecast Sales of Staple Foods by Category: Value 2022-2027
- Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2022-2027
- Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
- Summary 1 Research Sources
BAKED GOODS IN PERU
KEY DATA FINDINGS
2022 DEVELOPMENTS
- Large price increments across the baked goods category
- Decline in the number of traditional bakeries since the pandemic, while many businesses are decimated by rising operational costs
- After a large increment in 2020, baked goods faces contractions in both 2021 and 2022
PROSPECTS AND OPPORTUNITIES
- Bread suffers from maturity and changing consumer preferences stimulated by the health trend
- Shorter distribution networks as industry players seek to eliminate costs and maintain profit margins
- Sustained growth of private label thanks to a wider range of products available
CATEGORY DATA
- Table 13 Sales of Baked Goods by Category: Volume 2017-2022
- Table 14 Sales of Baked Goods by Category: Value 2017-2022
- Table 15 Sales of Baked Goods by Category: % Volume Growth 2017-2022
- Table 16 Sales of Baked Goods by Category: % Value Growth 2017-2022
- Table 17 Sales of Pastries by Type: % Value 2017-2022
- Table 18 NBO Company Shares of Baked Goods: % Value 2018-2022
- Table 19 LBN Brand Shares of Baked Goods: % Value 2019-2022
- Table 20 Distribution of Baked Goods by Format: % Value 2017-2022
- Table 21 Forecast Sales of Baked Goods by Category: Volume 2022-2027
- Table 22 Forecast Sales of Baked Goods by Category: Value 2022-2027
- Table 23 Forecast Sales of Baked Goods by Category: % Volume Growth 2022-2027
- Table 24 Forecast Sales of Baked Goods by Category: % Value Growth 2022-2027
BREAKFAST CEREALS IN PERU
KEY DATA FINDINGS
2022 DEVELOPMENTS
- Declining volume sales of breakfast cereals in 2022 as a return to normal lifestyles after the pandemic lowers demand
- Alicorp SAA maintains strong leadership in 2022
- Significant increases in unit prices due to hikes in commodities’ prices such as corn and wheat since Russia’s invasion of Ukraine
PROSPECTS AND OPPORTUNITIES
- Reduced or no sugar variants perform better than mainstream counterparts over the forecast period
- Private label gains share as availability widens through the development of discounters
- Strong growth of foodservice although sales remain minimal compared to retail
CATEGORY DATA
- Table 25 Sales of Breakfast Cereals by Category: Volume 2017-2022
- Table 26 Sales of Breakfast Cereals by Category: Value 2017-2022
- Table 27 Sales of Breakfast Cereals by Category: % Volume Growth 2017-2022
- Table 28 Sales of Breakfast Cereals by Category: % Value Growth 2017-2022
- Table 29 NBO Company Shares of Breakfast Cereals: % Value 2018-2022
- Table 30 LBN Brand Shares of Breakfast Cereals: % Value 2019-2022
- Table 31 Distribution of Breakfast Cereals by Format: % Value 2017-2022
- Table 32 Forecast Sales of Breakfast Cereals by Category: Volume 2022-2027
- Table 33 Forecast Sales of Breakfast Cereals by Category: Value 2022-2027
- Table 34 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2022-2027
- Table 35 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2022-2027
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN PERU
KEY DATA FINDINGS
2022 DEVELOPMENTS
- Chilled processed meat consumption on the decline due to lower consumer purchasing power
- Ongoing preference for fresh seafood over processed alternatives limits category sales
- Competition from products sold in loose format remains significant
PROSPECTS AND OPPORTUNITIES
- Strong volume sales growth of shelf stable processed poultry over the forecast period
- Meat and seafood substitutes perform poorly
- Strong prospects for private label products given the strong development in the range of products available
CATEGORY DATA
- Table 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2017-2022
- Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2017-2022
- Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2017-2022
- Table 39 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2017-2022
- Table 40 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2017-2022
- Table 41 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2017-2022
- Table 42 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2017-2022
- Table 43 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2017-2022
- Table 44 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2018-2022
- Table 45 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2022
- Table 46 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2017-2022
- Table 47 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2022-2027
- Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2022-2027
PROCESSED FRUIT AND VEGETABLES IN PERU
KEY DATA FINDINGS
2022 DEVELOPMENTS
- While the pandemic benefited frozen fruit and vegetables, the return to normality in the wake of the pandemic diminishes retail sales
- Low consumption per capita of fruit and vegetables hampers the category’s progress
- Shelf stable fruit remains by far the largest category in processed fruit and vegetables
PROSPECTS AND OPPORTUNITIES
- Local supply on the rise with companies focused on boosting awareness and demand for frozen fruit
- Fresh products remain the main threat to processed fruit and vegetables
- Convenience drives demand for shelf stable processed fruit and vegetables
CATEGORY DATA
- Table 49 Sales of Processed Fruit and Vegetables by Category: Volume 2017-2022
- Table 50 Sales of Processed Fruit and Vegetables by Category: Value 2017-2022
- Table 51 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2017-2022
- Table 52 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2017-2022
- Table 53 Sales of Frozen Processed Vegetables by Type: % Value Breakdown 2017-2022
- Table 54 NBO Company Shares of Processed Fruit and Vegetables: % Value 2018-2022
- Table 55 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2019-2022
- Table 56 Distribution of Processed Fruit and Vegetables by Format: % Value 2017-2022
- Table 57 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2022-2027
- Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2022-2027
- Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2022-2027
- Table 60 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2022-2027
RICE, PASTA AND NOODLES IN PERU
KEY DATA FINDINGS
2022 DEVELOPMENTS
- Pasta sales decline in 2022 due to existing high capita consumption and category maturity
- Rice in loose format sold via small local grocers predominates and poses strong competition for packaged rice sold in 750g and 1kg pack sizes
- Large price increments discourage consumption
PROSPECTS AND OPPORTUNITIES
- Strong expectations for fortified rice thanks to government interventions
- Strong prospects for chilled pasta over the forecast period
- Slight contraction in instant noodles over the forecast period
CATEGORY DATA
- Table 61 Sales of Rice, Pasta and Noodles by Category: Volume 2017-2022
- Table 62 Sales of Rice, Pasta and Noodles by Category: Value 2017-2022
- Table 63 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2017-2022
- Table 64 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2017-2022
- Table 65 Sales of Instant Noodles by Leading Flavours: Rankings 2017-2022
- Table 66 NBO Company Shares of Rice, Pasta and Noodles: % Value 2018-2022
- Table 67 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2019-2022
- Table 68 NBO Company Shares of Rice: % Value 2018-2022
- Table 69 LBN Brand Shares of Rice: % Value 2019-2022
- Table 70 NBO Company Shares of Pasta: % Value 2018-2022
- Table 71 LBN Brand Shares of Pasta: % Value 2019-2022
- Table 72 NBO Company Shares of Noodles: % Value 2018-2022
- Table 73 LBN Brand Shares of Noodles: % Value 2019-2022
- Table 74 Distribution of Rice, Pasta and Noodles by Format: % Value 2017-2022
- Table 75 Distribution of Rice by Format: % Value 2017-2022
- Table 76 Distribution of Pasta by Format: % Value 2017-2022
- Table 77 Distribution of Noodles by Format: % Value 2017-2022
- Table 78 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2022-2027
- Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2022-2027
- Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2022-2027
- Table 81 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2022-2027
