Consumer and Market Insights: Dairy & Soy Food in Peru
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The Dairy & Soy Food market in Peru is forecast to grow at a faster rate during 2015-2020 compared to 2010-2015, which is mainly influenced by rising GDP per capita and presence of large base of younger population. Drinkable Yogurt is the largest category in value terms and Milk is the largest in volume terms. The Drinkable Yogurt category is forecast to register fastest growth among all the categories. Convenience stores is the leading distribution channel for Dairy & Soy Food products in the country and Rigid Metal the most commonly used packaging material. Gloria, Bonlé and Soy Vida are some of the leading brands in the Peru’s Dairy & Soy Food market.
Scope
• The Dairy & Soy Food market in Peru is forecast to register higher growth at a CAGR of 6.6% in value terms during 2015-2020 in the Peruvian Dairy & Soy Food market.
• The Milk category has the highest volume share in the overall Dairy & Soy Food market.
• The Margarine/Spreadable Fats segment is expected to gain maximum share growth within the Butter & Spreadable Fats category.
• Convenience stores is the leading distribution channel in the Butter & Spreadable Fats and the Dairy-Based & Soy-Based Desserts categories.
• Paper & Board is forecast to register fastest growth among packaging materials during 2015-2020.
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