Snacks in Peru

Name: Snacks in Peru
Brand: Euromonitor International
Price: 2450 USD

June 2023

USD 2,450

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Overview:

Understand the latest market trends and future growth opportunities for the Snacks industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.

If you're in the Snacks industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Snacks in Peru report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volume and value sizes, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent research methodology, conducted in-country

This report answers:

What is the market size of Snacks in Peru?
Which are the leading brands in Snacks in Peru?
How are products distributed in Snacks in Peru?
How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
What are the key health and wellness concerns driving, or challenging, sales in Snacks?
How significant are vegan and vegetarian dietary requirements in determining sales growth in Peru?
How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
Where is future growth expected to be most dynamic?
How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?

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Snacks in Peru

EXECUTIVE SUMMARY

Snacks in 2023: The big picture

Key trends in 2023

Competitive Landscape

Channel developments

What next for snacks?

MARKET DATA

Table 1 Sales of Snacks by Category: Volume 2018-2023

Table 2 Sales of Snacks by Category: Value 2018-2023

Table 3 Sales of Snacks by Category: % Volume Growth 2018-2023

Table 4 Sales of Snacks by Category: % Value Growth 2018-2023

Table 5 NBO Company Shares of Snacks: % Value 2019-2023

Table 6 LBN Brand Shares of Snacks: % Value 2020-2023

Table 7 Penetration of Private Label by Category: % Value 2018-2023

Table 8 Distribution of Snacks by Format: % Value 2018-2023

Table 9 Forecast Sales of Snacks by Category: Volume 2023-2028

Table 10 Forecast Sales of Snacks by Category: Value 2023-2028

Table 11 Forecast Sales of Snacks by Category: % Volume Growth 2023-2028

Table 12 Forecast Sales of Snacks by Category: % Value Growth 2023-2028

DISCLAIMER

SOURCES

Summary 1 Research Sources

Chocolate Confectionery in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Chocolate confectionery registers the slowest growth in snacks due to a strong price increase, lower presence in outlets and a lack of advertising activity

Nestlé maintains strong leadership, but loses ground to Molitalia and its significant marketing activities

Chocolate tablets with a high cocoa content develop well, but find difficulty in competing with the leading brands that are cheaper and more widely distributed

PROSPECTS AND OPPORTUNITIES

Sales grow over the forecast period thanks to greater market dynamism, although prices rise until the economy recovers

Special dates provide an important opportunity to offer chocolate confectionery adapted to these celebrations as they make popular gifts

Economic hardship de-prioritises chocolate confectionery consumption

CATEGORY DATA

Summary 2 Other Chocolate Confectionery by Product Type: 2023

Table 13 Sales of Chocolate Confectionery by Category: Volume 2018-2023

Table 14 Sales of Chocolate Confectionery by Category: Value 2018-2023

Table 15 Sales of Chocolate Confectionery by Category: % Volume Growth 2018-2023

Table 16 Sales of Chocolate Confectionery by Category: % Value Growth 2018-2023

Table 17 Sales of Chocolate Tablets by Type: % Value 2018-2023

Table 18 NBO Company Shares of Chocolate Confectionery: % Value 2019-2023

Table 19 LBN Brand Shares of Chocolate Confectionery: % Value 2020-2023

Table 20 Distribution of Chocolate Confectionery by Format: % Value 2018-2023

Table 21 Forecast Sales of Chocolate Confectionery by Category: Volume 2023-2028

Table 22 Forecast Sales of Chocolate Confectionery by Category: Value 2023-2028

Table 23 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2023-2028

Table 24 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2023-2028

Gum in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Significant growth of gum due to wide distribution and the resumption of normal lifestyles in the wake of COVID-19, though volume sales fail to reach pre-pandemic levels

Mondelez consolidates its leadership in chewing gum, mainly with the Trident brand that offers a wide variety of types and flavours

Bubble gum benefits from a significant increase in sales due to its availability and affordable price, but has yet to reach pre-pandemic volume levels

PROSPECTS AND OPPORTUNITIES

Gum recovers volume sales but needs time to reach 2019 levels due to a decline in consumption habits

High dynamism in chewing gum thanks to frequent innovations, where mint and peppermint flavours are well accepted

Difficult economic situation affects higher-priced gum, leading consumers to reduce their consumption and opt for cheaper alternatives

CATEGORY DATA

Table 25 Sales of Gum by Category: Volume 2018-2023

Table 26 Sales of Gum by Category: Value 2018-2023

Table 27 Sales of Gum by Category: % Volume Growth 2018-2023

Table 28 Sales of Gum by Category: % Value Growth 2018-2023

Table 29 Sales of Gum by Flavour: Rankings 2018-2023

Table 30 NBO Company Shares of Gum: % Value 2019-2023

Table 31 LBN Brand Shares of Gum: % Value 2020-2023

Table 32 Distribution of Gum by Format: % Value 2018-2023

Table 33 Forecast Sales of Gum by Category: Volume 2023-2028

Table 34 Forecast Sales of Gum by Category: Value 2023-2028

Table 35 Forecast Sales of Gum by Category: % Volume Growth 2023-2028

Table 36 Forecast Sales of Gum by Category: % Value Growth 2023-2028

Sugar Confectionery in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Strong growth of sugar confectionery due to greater social activity, wide distribution as well as higher production levels and imports

Lollipops sustains significant growth thanks to more children's parties, more consumption occasions, innovation and competitive prices

Strong dynamism of other sugar confectionery thanks to innovative products, where marshmallows stand out and are popular

PROSPECTS AND OPPORTUNITIES

Sugar confectionery sales grow driven by social dynamism and innovations

Pastilles, gummies, jellies and chews maintains significant dynamism thanks to new and attractive products, especially gummies, and is driven by imports

Inflation limits sugar confectionery value sales, while octagon labelling laws have yet to have an impact on consumption

CATEGORY DATA

Summary 3 Other Sugar Confectionery by Product Type: 2023

Table 37 Sales of Sugar Confectionery by Category: Volume 2018-2023

Table 38 Sales of Sugar Confectionery by Category: Value 2018-2023

Table 39 Sales of Sugar Confectionery by Category: % Volume Growth 2018-2023

Table 40 Sales of Sugar Confectionery by Category: % Value Growth 2018-2023

Table 41 Sales of Pastilles, Gummies, Jellies and Chews by Type: % Value 2018-2023

Table 42 NBO Company Shares of Sugar Confectionery: % Value 2019-2023

Table 43 LBN Brand Shares of Sugar Confectionery: % Value 2020-2023

Table 44 Distribution of Sugar Confectionery by Format: % Value 2018-2023

Table 45 Forecast Sales of Sugar Confectionery by Category: Volume 2023-2028

Table 46 Forecast Sales of Sugar Confectionery by Category: Value 2023-2028

Table 47 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2023-2028

Table 48 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2023-2028

Ice Cream in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Significant growth of ice cream sales thanks to resumption of society, greater distribution, as well as investments in operational improvement and innovations

Take-home ice cream continues to grow, although at a slower rate than impulse ice cream, consolidating its presence at home and reinforced by new flavours

Nestlé Peru consolidates its outright lead through constant investments in production improvements, product innovation and wider distribution

PROSPECTS AND OPPORTUNITIES

Ice cream sales grow in the forecast period thanks to higher demand and greater dynamism among industry players, with innovations and production improving

Small brands become more dynamic despite Nestlé’s outright lead, enabling small brands to achieve a greater share

Street stalls sees recovery in line with rising demand and the growing use of electronic wallets for digital payments

CATEGORY DATA

Table 49 Sales of Ice Cream by Category: Volume 2018-2023

Table 50 Sales of Ice Cream by Category: Value 2018-2023

Table 51 Sales of Ice Cream by Category: % Volume Growth 2018-2023

Table 52 Sales of Ice Cream by Category: % Value Growth 2018-2023

Table 53 Sales of Ice Cream by Leading Flavours: Rankings 2018-2023

Table 54 Sales of Impulse Ice Cream by Format: % Value 2018-2023

Table 55 NBO Company Shares of Ice Cream: % Value 2019-2023

Table 56 LBN Brand Shares of Ice Cream: % Value 2020-2023

Table 57 NBO Company Shares of Impulse Ice Cream: % Value 2019-2023

Table 58 LBN Brand Shares of Impulse Ice Cream: % Value 2020-2023

Table 59 NBO Company Shares of Take-home Ice Cream: % Value 2019-2023

Table 60 LBN Brand Shares of Take-home Ice Cream: % Value 2020-2023

Table 61 Distribution of Ice Cream by Format: % Value 2018-2023

Table 62 Forecast Sales of Ice Cream by Category: Volume 2023-2028

Table 63 Forecast Sales of Ice Cream by Category: Value 2023-2028

Table 64 Forecast Sales of Ice Cream by Category: % Volume Growth 2023-2028

Table 65 Forecast Sales of Ice Cream by Category: % Value Growth 2023-2028

Savoury Snacks in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Strong growth of savoury snacks thanks to increased consumer activity away from home and social gatherings, good distribution and attractive product displays

Savoury biscuits remains the most relevant category within savoury snacks thanks to consumer preferences, affordable prices and wide availability

High dynamism of players in salty snacks maintained through constant innovations, a wide presence in outlets and competitive prices

PROSPECTS AND OPPORTUNITIES

Savoury snacks grows over the forecast period due to high dynamism, good distribution and competitive prices

Innovations continue to drive salty snacks, especially in potato chips, but also in other types of snacks

Mandatory use of octagons implemented according to regulations, although some brands, such as Inka Chips, are reformulated to be free of octagons

CATEGORY DATA

Summary 4 Other Savoury Snacks by Product Type: 2023

Table 66 Sales of Savoury Snacks by Category: Volume 2018-2023

Table 67 Sales of Savoury Snacks by Category: Value 2018-2023

Table 68 Sales of Savoury Snacks by Category: % Volume Growth 2018-2023

Table 69 Sales of Savoury Snacks by Category: % Value Growth 2018-2023

Table 70 NBO Company Shares of Savoury Snacks: % Value 2019-2023

Table 71 LBN Brand Shares of Savoury Snacks: % Value 2020-2023

Table 72 Distribution of Savoury Snacks by Format: % Value 2018-2023

Table 73 Forecast Sales of Savoury Snacks by Category: Volume 2023-2028

Table 74 Forecast Sales of Savoury Snacks by Category: Value 2023-2028

Table 75 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2023-2028

Table 76 Forecast Sales of Savoury Snacks by Category: % Value Growth 2023-2028

Sweet Biscuits, Snack Bars and Fruit Snacks in Peru

KEY DATA FINDINGS

2023 DEVELOPMENTS

Sweet biscuits is a popular category and achieves significant growth thanks to its competitive prices, good distribution and high dynamism

Filled biscuits remains by far the most popular sweet biscuits characterised by strong competition between brands, innovation and an important presence across channels

Although snack bars is a small category its growth is being driven by cereal bars and their nutritional value, affordable price and greater consumer dynamism

PROSPECTS AND OPPORTUNITIES

Sweet biscuits, snack bars and fruit snacks grows over the forecast period, especially cereal bars thanks to the latter’s nutritional content

Category growth dampened by inflation, while growing health awareness leads to more moderate consumption in the long term

Wafers registers low growth over the forecast period due to a lack of dynamism among the main players

CATEGORY DATA

Table 77 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2018-2023

Table 78 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2018-2023

Table 79 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2018-2023

Table 80 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2018-2023

Table 81 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2019-2023

Table 82 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2020-2023

Table 83 NBO Company Shares of Sweet Biscuits: % Value 2019-2023

Table 84 LBN Brand Shares of Sweet Biscuits: % Value 2020-2023

Table 85 NBO Company Shares of Snack Bars: % Value 2019-2023

Table 86 LBN Brand Shares of Snack Bars: % Value 2020-2023

Table 87 NBO Company Shares of Fruit Snacks: % Value 2019-2023

Table 88 LBN Brand Shares of Fruit Snacks: % Value 2020-2023

Table 89 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2018-2023

Table 90 Distribution of Sweet Biscuits by Format: % Value 2018-2023

Table 91 Distribution of Snack Bars by Format: % Value 2018-2023

Table 92 Distribution of Fruit Snacks by Format: % Value 2018-2023

Table 93 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2023-2028

Table 94 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2023-2028

Table 95 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2023-2028

Table 96 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2023-2028

The following categories and subcategories are included:

Snacks

- - Chocolate Pouches and Bags
  - Boxed Assortments
  - Chocolate with Toys
  - Countlines
  - Seasonal Chocolate
  - Tablets
  - Other Chocolate Confectionery
- - Bubble Gum
  - Chewing Gum
- - Boiled Sweets
  - Liquorice
  - Lollipops
  - Medicated Confectionery
  - - Power Mints
    - Standard Mints
  - Pastilles, Gummies, Jellies and Chews
  - Toffees, Caramels and Nougat
  - Other Sugar Confectionery
- Frozen Yoghurt
- - Single Portion Dairy Ice Cream
  - Single Portion Water Ice Cream
- Plant-based Ice Cream
- Unpackaged Ice Cream
- - - Bulk Dairy Ice Cream
    - Ice Cream Desserts
    - Multi-Pack Dairy Ice Cream
  - - Bulk Water Ice Cream
    - Multi-Pack Water Ice Cream
- Nuts, Seeds and Trail Mixes
- - Potato Chips
  - Tortilla Chips
  - Puffed Snacks
  - Rice Snacks
  - Vegetable, Pulse and Bread Chips
- Savoury Biscuits
- Popcorn
- Pretzels
- Meat Snacks
- Seafood Snacks
- Other Savoury Snacks
- - Dried Fruit
  - Processed Fruit Snacks
- - Cereal Bars
  - Protein/Energy Bars
  - Fruit and Nut Bars
- - Chocolate Coated Biscuits
  - Cookies
  - Filled Biscuits
  - Plain Biscuits
  - Wafers

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This report originates from Passport, our Snacks research and analysis database.

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What's New

Snacks in Peru

Snacks in 2023: The big picture

Key trends in 2023

Competitive Landscape

Channel developments

What next for snacks?

Overview:

The Snacks in Peru report includes:

This report answers:

Snacks in Peru

Snacks in 2023: The big picture

Key trends in 2023

Competitive Landscape

Channel developments

What next for snacks?

DISCLAIMER

Chocolate Confectionery in Peru

KEY DATA FINDINGS

Chocolate confectionery registers the slowest growth in snacks due to a strong price increase, lower presence in outlets and a lack of advertising activity

Nestlé maintains strong leadership, but loses ground to Molitalia and its significant marketing activities

Chocolate tablets with a high cocoa content develop well, but find difficulty in competing with the leading brands that are cheaper and more widely distributed

Sales grow over the forecast period thanks to greater market dynamism, although prices rise until the economy recovers

Special dates provide an important opportunity to offer chocolate confectionery adapted to these celebrations as they make popular gifts

Economic hardship de-prioritises chocolate confectionery consumption

Gum in Peru

KEY DATA FINDINGS

Significant growth of gum due to wide distribution and the resumption of normal lifestyles in the wake of COVID-19, though volume sales fail to reach pre-pandemic levels

Mondelez consolidates its leadership in chewing gum, mainly with the Trident brand that offers a wide variety of types and flavours

Bubble gum benefits from a significant increase in sales due to its availability and affordable price, but has yet to reach pre-pandemic volume levels

Gum recovers volume sales but needs time to reach 2019 levels due to a decline in consumption habits

High dynamism in chewing gum thanks to frequent innovations, where mint and peppermint flavours are well accepted

Difficult economic situation affects higher-priced gum, leading consumers to reduce their consumption and opt for cheaper alternatives

Sugar Confectionery in Peru

KEY DATA FINDINGS

Strong growth of sugar confectionery due to greater social activity, wide distribution as well as higher production levels and imports

Lollipops sustains significant growth thanks to more children's parties, more consumption occasions, innovation and competitive prices

Strong dynamism of other sugar confectionery thanks to innovative products, where marshmallows stand out and are popular

Sugar confectionery sales grow driven by social dynamism and innovations

Pastilles, gummies, jellies and chews maintains significant dynamism thanks to new and attractive products, especially gummies, and is driven by imports

Inflation limits sugar confectionery value sales, while octagon labelling laws have yet to have an impact on consumption

Ice Cream in Peru

KEY DATA FINDINGS

Significant growth of ice cream sales thanks to resumption of society, greater distribution, as well as investments in operational improvement and innovations

Take-home ice cream continues to grow, although at a slower rate than impulse ice cream, consolidating its presence at home and reinforced by new flavours

Nestlé Peru consolidates its outright lead through constant investments in production improvements, product innovation and wider distribution

Ice cream sales grow in the forecast period thanks to higher demand and greater dynamism among industry players, with innovations and production improving

Small brands become more dynamic despite Nestlé’s outright lead, enabling small brands to achieve a greater share

Street stalls sees recovery in line with rising demand and the growing use of electronic wallets for digital payments

Savoury Snacks in Peru

KEY DATA FINDINGS

Strong growth of savoury snacks thanks to increased consumer activity away from home and social gatherings, good distribution and attractive product displays

Savoury biscuits remains the most relevant category within savoury snacks thanks to consumer preferences, affordable prices and wide availability

High dynamism of players in salty snacks maintained through constant innovations, a wide presence in outlets and competitive prices

Savoury snacks grows over the forecast period due to high dynamism, good distribution and competitive prices

Innovations continue to drive salty snacks, especially in potato chips, but also in other types of snacks

Mandatory use of octagons implemented according to regulations, although some brands, such as Inka Chips, are reformulated to be free of octagons

Sweet Biscuits, Snack Bars and Fruit Snacks in Peru

KEY DATA FINDINGS

Sweet biscuits is a popular category and achieves significant growth thanks to its competitive prices, good distribution and high dynamism

Filled biscuits remains by far the most popular sweet biscuits characterised by strong competition between brands, innovation and an important presence across channels

Although snack bars is a small category its growth is being driven by cereal bars and their nutritional value, affordable price and greater consumer dynamism

Sweet biscuits, snack bars and fruit snacks grows over the forecast period, especially cereal bars thanks to the latter’s nutritional content

Category growth dampened by inflation, while growing health awareness leads to more moderate consumption in the long term

Wafers registers low growth over the forecast period due to a lack of dynamism among the main players

The following categories and subcategories are included:

Recommended Reports

Savoury Snacks in Peru

Sweet Biscuits, Snack Bars and Fruit Snacks in Peru

Sugar Confectionery in Peru

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