This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 11/6/2018

Overview
Peru’s food processing industry is one of the national economy’s most dynamic sectors, representing over 4% of the country’s GDP and over 30% of its industrial GDP. The most important subsectors are the meat, fisheries, dairy, beverage, agroindustry, grains, cereals, and seeds industries. After an economic slowdown in 2016, it revived in 2017, and 2018 promises an interesting growth rate. The food processing sector, which represents about 30% of the national manufacturing sector, will continue to grow despite the recent economic downturn. There are some 3,000 companies in Peru engaged in food processing. The 50 largest food processors are reporting 2016 sales estimations of $23.2 billion. The food processing sector is forecast to grow, despite the current economic slowdown, as domestic consumption benefits from stimulus measures boosting consumer spending and continued investor confidence. The growing reputation of Peru’s culinary culture has marked an increase in non-perishable foods produced and packaged locally. This new trend is expanding the use of native Peruvian ingredients, such as fruits, peppers and Andean cereals, increasing the attraction and marketability of products. Consumers are slowly shifting towards packaged and prepared foods, as there is a decreased risk of contamination and an increase of product lifespan. Peru’s growing middle class is now willing to pay slightly higher prices for a guarantee of quality products. Products such as cheese, oils, fats, spreads, and baked goods are also benefiting from this shift in consumers’ preferences.

 2015201620172018(Estimated)
Total Local ProductionN/AN/AN/AN/A
Total Exports15.811.716.617.8
Total Imports453.9298.4426.1456.8
Imports from the U.S.111.951.944.744.5
Total Market Size438.1286.7409.5439.5
 
Unit: USD millions
Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
 Data Source: Global Trade Atlas
2017 Import Market Share (% for U.S. and major competitors): Italy 20.5; Spain 17.6; United States 12.7; China 11.4; Germany 9.3; Brazil 4.5; Japan 2.4; India 2.2; Chile 1.9.
Leading Sub-Sectors
HTS CodeDescription%
841950Heat Exchange Units, Industrial Type20.5
841989Machine Etc. For Mat'L Treatment By Temp Cont Nesoi18.0
842240Packing Or Wrapping Machinery, Nesoi8.7
842129Filter/Purify Machine & Apparatus For Liquid Nesoi7.3
841869Refrigerating/Freezing Equipment, Nesoi6.2
842230Machinery For Filling, Closing Bottles, Etc.5.4
842290Parts For Machines For Dishwashing, Packing, Etc.3.4
843890Parts Of Mach Of Ch 84, Nesoi, Ind Prep Food, Drink2.9
843830Machinery For Sugar Manufacture2.2
843810Bakery Mach & Mach F Manuf Macaroni, Spaghetti, Etch1.7
841720Bakery Ovens, Including Biscuit Ovens, Nonelectric
 
1.5
843780Mach F Milling Or Working Cereals & Veg, Exc Farm
 
1.4
841981Machinery Etc. For Making Hot Drinks Cooking Heating1.3
843420Dairy Machinery1.3

Opportunities
Best prospects also include fully integrated high technology equipment and machinery for processing and packaging purposes. This includes machinery for temperature treatment, refrigeration and sugar manufacture; machinery for filling, closing, sealing and labeling bottles, cans, bags or other containers; machinery for encapsulating bottles, jars, tubes and similar containers; machinery for aerating beverages, dairy machinery, and heat exchange units; as well as other packing or wrapping machinery. Peruvians prefer U.S. technologies for closing, sealing, and labeling equipment and rigid containers.
Web Resources
International Production & Processing Expo IPPE
Part of the US Commerce International Business Program
Atlanta, Georgia
ExpoAlimentaria Peru 2018
September 26-28, 2018, Jockey Exhibitions Center, Lima
International annual trade show of food and beverages, machinery, equipment, inputs, containers and packaging, services, restaurants, and gastronomy.
Ministerio de la Producción (Industry & Fisheries) (Spanish)
(Ministry of Production)
Calle Uno Oeste 60 Urb. Corpac
Lima 27, Peru
Tel.: (511) 616-2222
Sociedad Nacional de Industrias (SNI) (Spanish)
(Manufacturer’s Society)
Los Laureles 365, San Isidro
Lima 27, Peru
Tel.: (511) 616-4444
E-mail: contactenos@sni.org.pe

 

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Peru Food and Beverage Trade Development and Promotion