Country Profile: Seasonings, Dressings & Sauces sector in Peru

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Published: May 31, 2017 Report Code: CS4153MF-ST

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The growing middle income population and the urge for new taste preferences is driving the Seasonings, Dressings & Sauces sector in Peru. Dressings is the largest market in value terms, while Condiments Sauces lead the sector in volume terms. Dressings is expected to register the fastest growth during 2016-2021 in value terms. Hypermarkets & Supermarkets is the leading channel for the distribution of seasonings, dressings and sauces in the country. Alicorp, Nestle, Unilever, and Ajinomoto Group are the leading players in the Peruvian Seasonings, Dressings & Sauces sector.

GlobalData’s Country Profile report on the Seasonings, Dressings & Sauces sector in Peru provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.

What else is contained?
– Market data: Overall market value and volume data with growth analysis for 2011-2021
– Category coverage: Value and growth analysis for Bouillons & Stocks, Chutneys & Relishes, Condiment Sauces, Dips, Dressings, Dry Cooking Sauces, Herbs, Spices & Seasonings, Tomato Pastes and Purées, and, Wet Cooking Sauces with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
– Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
– Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
– Packaging data: consumption breakdown for packaging materials and containers in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Jar, Bottle, Bag/Sachet, Tub, Box, Pouch, and Tube.

Scope

– The Peruvian Seasonings, Dressings & Sauces sector forecast to register growth at a CAGR of 4% during 2016-2021.

– Of the Nine markets, Dressings is the largest market by value in 2016.

– The per capita consumption of seasonings, dressings & sauces products in the country is lower compared to global and regional levels in 2016

– The Peruvian Seasonings, Dressings & Sauces sector is consolidated with the top five players accounting for nearly 33.3% of the market share by value in 2016.

– Convenience Stores is the leading distribution channel for the sector, accounting for a total value share of 63.6% in 2016.

– Glass is the most commonly used packaging material in the country.

Reasons to Buy

– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities

– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning

– Manufacturers can identify the opportunities to position products with H&W attributes/benefits

– Access the key and most influential consumer trends driving Seasonings, Dressings & Sauces products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target

– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector

– Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Ajinomoto Group
Nestle S.A.
Unilever Plc
Shurfine
Stollenwerk
Conagra Foods Inc.
Mondelez International Inc
Multifoods. Inc.
Valle Fertil S.A.
Kikkoman Corporation
Alicorp S.A.A.
Lee Kum Kee
Compass Group Florida
Hengstenberg Gmbh & Co. Kg
Libby`s
Apimas S.A.C
H. J. Heinz Company
The Kraft Heinz Company
Carl Kühne Kg (Gmbh & Co.)
General Mills Inc.
Mexi-Salsa
Productos Encurtidos S.A.
4 Estaciones
Alida Chiang
Badia Spices Inc.
Karino
Salsas Sibarita Es
Emsal
Del Monte Foods Company
Mizkan Group Corporation
Barilla G. & R. Fratelli
Carozzi S.A.
Colussi S.p.A.

Table of Contents

Table of Contents

1. Report Scope 1

2. Executive summary 3

3. Peru in the global and regional context 4

3.1. Peru’s market share in the Global and Latin AmericanSeasonings, Dressings & Sauces sectors 4

3.2. Peru compared to other leadingcountries in the Latin America region 5

4. Market size analysis – Seasonings, Dressings & Sauces Sector 6

4.1. Value and volume analysis – Seasonings, Dressings & Sauces sector in Peru 6

4.2. Per capita consumption analysis -Peru compared to the global and Latin America region 7

4.3. Extent to which consumers are trading up/down in the PeruvianSeasonings, Dressings & Sauces sector 8

4.4. Value and volume analysisof markets in the Seasonings, Dressings &Saucessector 9

4.5. Growth analysis by markets 10

5. Market and category analysis 11

5.1. Per capita consumption analysis by markets 11

5.2. Market analysis: Bouillons & Stocks 12

5.3. Market analysis: Chutneys & Relishes 14

5.4. Market analysis: Condiment Sauces 16

5.5. Market analysis: Dips 19

5.6. Market analysis: Dressings 21

5.7. Market analysis: Dry Cooking Sauces 24

5.8. Market analysis: Herbs, Spices & Seasonings 26

5.9. Market analysis: Tomato Pastes and Purées 29

5.10. Market analysis: Wet Cooking Sauces 30

6. Distribution analysis 33

6.1. Distribution channel share analysis: Seasonings, Dressings & Sauces 33

6.2. Distribution channel share analysis: Bouillons & Stocks 34

6.3. Distribution channel share analysis: Chutneys & Relishes 35

6.4. Distribution channel share analysis: Condiment Sauces 36

6.5. Distribution channel share analysis: Dips 37

6.6. Distribution channel share analysis:Dressings 38

6.7. Distribution channel share analysis: Dry Cooking Sauces 39

6.8. Distribution channel share analysis: Herbs, Spices & Seasonings 40

6.9. Distribution channel share analysis: Tomato Pastes and Purées 41

6.10. Distribution channel share analysis: Wet Cooking Sauces 42

7. Competitive landscape 43

7.1. Brand share analysis by sector 43

7.2. Brand share analysis by markets 46

7.3. Brand share analysis by category 56

7.3.1. Bouillons & Stocks 56

7.3.2. Chutneys & Relishes 57

7.3.3. Condiment Sauces 58

7.3.4. Dips 62

7.3.5. Dressings 63

7.3.6. Dry Cooking Sauces 65

7.3.7. Herbs, Spices & Seasonings 66

7.3.8. Wet Cooking Sauces 67

7.4. Private label share analysis 69

8. Health & Wellness analysis 71

8.1. Market size analysis by Health & Wellness claims 71

8.2. Market shareanalysis – Health & Wellness product attributes 72

8.3. Market size analysis – Health & Wellness consumer benefits 74

9. Packaging analysis 76

9.1. Packaging share and growth analysis by packaging material in the Seasonings, Dressings & Sauces sector 76

9.2. Packaging share analysis by packaging materialinSeasonings, Dressings & Sauces markets 77

9.3. Packaging share and growth analysis by container type in the Seasonings, Dressings & Sauces sector 78

9.4. Packaging share analysis by container type in Seasonings, Dressings & Sauces markets 79

9.5. Packaging share and growth analysis by closure type in the Seasonings, Dressings & Sauces sector 80

9.6. Packaging share analysis by closure type in Seasonings, Dressings & Sauces markets 81

9.7. Packaging share and growth analysis by outer type in the Seasonings, Dressings & Sauces sector 82

9.8. Packaging share analysis by outer type in Seasonings, Dressings & Sauces markets 83

10. Macroeconomic analysis 84

10.1. GDP per Capita 87

10.2. Population and population growth 88

10.3. Consumer Price Index 89

10.4. Population breakdown by age 90

11. Methodology 91

12. Definitions 92

13. Appendix 106

14. About GlobalData 130

15. Disclaimer 131

16. Contact Us 132

Table

List of Tables

Table 1: Volume share of Peru in the global and Latin America Seasonings, Dressings & Sauces sector, 2011-2021 4

Table 2: Growth analysis by markets, 2016-2021 10

Table 3: Value analysis of Bouillons & Stocks market by categories, 2011-2021 13

Table 4: Volume analysis of Bouillons & Stocks marketby categories, 2011-2021 13

Table 5: Value analysis of Chutneys & Relishesmarketby categories, 2011-2021 15

Table 6: Volume analysis of Chutneys & Relishesmarketby categories, 2011-2021 15

Table 7: Value analysis by of Condiment Saucesmarket categories, 2011-2021 17

Table 8: Volume analysis of Condiment Saucesmarketby categories, 2011-2021 18

Table 9: Value analysis of Dips market by categories, 2011-2021 20

Table 10: Volume analysis of Dipsmarketby categories, 2011-2021 20

Table 11: Value analysis of Dressings market by categories, 2011-2021 22

Table 12: Volume analysis of Dressingsmarketby categories, 2011-2021 23

Table 13: Value analysis of Dry Cooking Sauces market by categories, 2011-2021 25

Table 14: Volume analysis of Dry Cooking Saucesmarketby categories, 2011-2021 25

Table 15: Value analysis of Herbs, Spices &Seasoningsmarket by categories, 2011-2021 27

Table 16: Volume analysis of Herbs, Spices &Seasoningsmarketby categories, 2011-2021 28

Table 17: Value analysis of Wet Cooking Saucesmarketby categories, 2011-2021 31

Table 18: Volume analysis of Wet Cooking Saucesmarketbycategories, 2011-2021 32

Table 19: Brand Value and Volume-Seasonings, Dressings &Saucessector 44

Table 20: Brand Value and Volume-Bouillons &Stocksmarket 46

Table 21: Brand Value and Volume-Chutneys &Relishesmarket 47

Table 22: Brand Value and Volume-Condiment Saucesmarket 48

Table 23: Brand Value and Volume-Dipsmarket 50

Table 24: Brand Value and Volume-Dressingsmarket 51

Table 25: Brand Value and Volume-Dry Cooking Saucesmarket 52

Table 26: Brand Value and Volume-Herbs, Spices &Seasoningsmarket 53

Table 27: Brand Value and Volume-Tomato pastes and puréesmarket 54

Table 28: Brand Value and Volume-Wet Cooking Saucesmarket 55

Table 29: Brand Value and Volume-Liquid Stockscategory 56

Table 30: Brand Value and Volume-Stock Cubescategory 56

Table 31: Brand Value and Volume-Chutneycategory 57

Table 32: Brand Value and Volume- Relishcategory 57

Table 33: Brand Value and Volume- Sweet Picklecategory 57

Table 34: Brand Value and Volume- Barbecue Saucescategory 58

Table 35: Brand Value and Volume- Brown Saucecategory 58

Table 36: Brand Value and Volume- Chilli/Hot Saucecategory 58

Table 37: Brand Value and Volume-Cocktail Sauces category 59

Table 38: Brand Value and Volume- Fish Sauces category 59

Table 39: Brand Value and Volume- Horseradish Sauces category 59

Table 40: Brand Value and Volume-Mustardscategory 59

Table 41: Brand Value and Volume- National Specialtiescategory 60

Table 42: Brand Value and Volume- Oyster Sauces category 60

Table 43: Brand Value and Volume- Soy-Based Sauce category 60

Table 44: Brand Value and Volume- Tomato Ketchupcategory 60

Table 45: Brand Value and Volume- Other Condiment Saucescategory 61

Table 46: Brand Value and Volume- Tomato-Based Dipscategory 62

Table 47: Brand Value and Volume- Other Dips category 62

Table 48: Brand Value and Volume- Cream and Cream-Style Dressingscategory 63

Table 49: Brand Value and Volume- Mayonnaisecategory 63

Table 50: Brand Value and Volume- Tomato-Basedcategory 63

Table 51: Brand Value and Volume- Vinaigrette category 64

Table 52: Brand Value and Volume- Other Dressings category 64

Table 53: Brand Value and Volume- Instant Gravy category 65

Table 54: Brand Value and Volume- Dried Herbscategory 66

Table 55: Brand Value and Volume- Pepper category 66

Table 56: Brand Value and Volume- Saltcategory 66

Table 57: Brand Value and Volume- Single & Other Spices category 66

Table 58: Brand Value and Volume- Spice Mixes category 66

Table 59: Brand Value and Volume- Marinadescategory 67

Table 60: Brand Value and Volume- Oriental Sauces category 67

Table 61: Brand Value and Volume- Pasta Sauces category 67

Table 62: Brand Value and Volume- Other Wet Cooking Sauces category 68

Table 63: Market Definitions 92

Table 64: Category Definitions 93

Table 65: Category Definitions 94

Table 66: Category Definitions 95

Table 67: Category Definitions 96

Table 68: Channel Definitions 97

Table 69: Health & Wellness: Product Attributes-Food Minus 98

Table 70: Health & Wellness: Product Attributes-Free From 99

Table 71: Health & Wellness: Product Attributes-Functional & Fortified 100

Table 72: Health & Wellness: Product Attributes-Naturally Healthy 101

Table 73: Health & Wellness: Product Attributes-Food Intolerance 102

Table 74: Health & Wellness: Consumer Benefits-Health Management 103

Table 75: Health & Wellness: Analysis by Consumer Benefits 104

Table 76: Health & Wellness: Consumer Benefits-Performance 105

Table 77: Market Value for Bouillons & Stocks- by category (S/. Million), 2011-2021 106

Table 78: Market Value for Chutneys & Relishes- by category (S/. Million), 2011-2021 106

Table 79: Market ValueforCondiment Sauces- by category (S/. Million), 2011-2021 107

Table 80: Market Value for Dips – by category (S/. Million), 2011-2021 108

Table 81: Market Value for Dressings – by category (S/. Million), 2011-2021 109

Table 82: Market ValueforDry Cooking Sauces- bycategory (S/. Million), 2011-2021 109

Table 83: Market ValueforHerbs, Spices &Seasonings-by category (S/. Million), 2011-2021 110

Table 84: Market Value for Tomato Pastes and Purées- by category (S/. Million), 2011-2021 110

Table 85: Market ValueforWet Cooking Sauces-by category (S/. Million), 2011-2021 111

Table 86: Market Value for Bouillons & Stocks- by category (US$ Million), 2011-2021 112

Table 87: Market Value for Chutneys & Relishes- by category (US$ Million), 2011-2021 112

Table 88: Market ValueforCondiment Sauces- by category (US$ Million), 2011-2021 113

Table 89: Market Value for Dips – by category (US$ Million), 2011-2021 114

Table 90: Market Value for Dressings – by category (US$ Million), 2011-2021 114

Table 91: Market ValueforDry Cooking Sauces- by category (US$ Million), 2011-2021 115

Table 92: Market ValueforHerbs, Spices & Seasonings-by category (US$ Million), 2011-2021 115

Table 93: Market Value for Tomato Pastes and Purées- by category (US$ Million), 2011-2021 116

Table 94: Market ValueforWet Cooking Sauces-by category (US$ Million), 2011-2021 116

Table 95: Market Value for Bouillons & Stocks- by category (Kg Million), 2011-2021 117

Table 96: Market Value for Chutneys & Relishes- by category (Kg Million), 2011-2021 117

Table 97: Market ValueforCondiment Sauces- by category (Kg Million), 2011-2021 118

Table 98: Market Value for Dips – by category (Kg Million), 2011-2021 119

Table 99: Market Value for Dressings – by category (Kg Million), 2011-2021 119

Table 100: Market ValueforDry Cooking Sauces- by category (Kg Million), 2011-2021 120

Table 101: Market ValueforHerbs, Spices & Seasonings-by category (Kg Million), 2011-2021 120

Table 102: Market Value for Tomato Pastes and Purées- by category (Kg Million), 2011-2021 121

Table 103: Market ValueforWet Cooking Sauces-by category (Kg Million), 2011-2021 121

Table 104: Components of change- by Market 122

Table 105: Seasonings, Dressings & Sauces Sales Distribution in Peru-by Markets (S/. Million), 2016 123

Table 106: Key Health & Wellness product attributes driving sales in Peru (S/. Million) 124

Table 107: Key Health & Wellness consumer benefits driving sales in Peru (S/. Million) 124

Table 108: Packaging Material (in Million pack units) 125

Table 109: Container Type (in Million pack units) 126

Table 110: Closure Type (in Million pack units) 127

Table 111: Outer Type (in Million pack units) 128

Table 112: Exchange Rates: (US$-S/.), 2011-2021 128

Table 113: GDP Per Capita (S/.) 128

Table 114: Population 129

Table 115: Consumer Price Index 129

Table 116: Age Profile (Millions of Persons) 129

Figures

List of Figures

Figure 1: Peru compared to other top four countries – market size, growth and competitive landscape 5

Figure 2: Market size analysis by value and volume, Seasonings, Dressings & Sauces sector, 2011-2021 6

Figure 3: Per capita consumption of Seasonings, Dressings & Sauces in Peru compared to global and Latin America average, 2011-2021 7

Figure 4: Degree of trading up/down in the Peruvian Seasonings, Dressings & Sauces sector, 2015-2016 8

Figure 5: Value and volume growth analysis by markets, 2016-2021 9

Figure 6: Per capita consumption (by markets) in Peru compared to global and Latin America average, 2016 11

Figure 7: Growth analysis by value and volume in the Bouillons & Stocks smarket, 2011-2021 12

Figure 8: Value and volume growth analysis, Chutneys & Relishes market, 2011-2021 14

Figure 9: Value and volume growth analysis, Condiment Sauces market, 2011-2021 16

Figure 10: Value and volume growth analysis, Dips market, 2011-2021 19

Figure 11: Value and volume growth analysis, Dressings market, 2011-2021 21

Figure 12: Value and volume growth analysis, Dry Cooking Sauces market, 2011-2021 24

Figure 13: Value and volume growth analysis, Herbs, Spices &Seasonings market, 2011-2021 26

Figure 14: Value and volume growth analysis, Tomato Pastes and Purées market, 2011-2021 29

Figure 15: Value and volume growth analysis, Wet Cooking Sauces market, 2011-2021 30

Figure 16: Distribution channel share, Seasonings, Dressings & Sauces, 2011-2016 33

Figure 17: Distribution channel share, Bouillons & Stocks market, 2011-2016 34

Figure 18: Distribution channel share, Chutneys & Relishes market, 2011-2016 35

Figure 19: Distribution channel share, Condiment Sauces market, 2011-2016 36

Figure 20: Distribution channel share, Dips market, 2011-2016 37

Figure 21: Distribution channel share, Dressings market, 2011-2016 38

Figure 22: Distribution channel share, Dry Cooking Sauces market, 2011-2016 39

Figure 23: Distribution channel share, Herbs, Spices & Seasonings market, 2011-2016 40

Figure 24: Distribution channel share, Tomato Pastes and Purées market, 2011-2016 41

Figure 25: Distribution channel share, Wet Cooking Sauces market, 2011-2016 42

Figure 26: Leading brands in the Peruvian Seasonings, Dressings & Sauces sector, value and volume share, 2016 43

Figure 27: Leading brands in the Bouillons & Stocks market, value and volume share, 2016 46

Figure 28: Leading brands in the Chutneys & Relishes market, value and volume share, 2016 47

Figure 29: Leading brands in the Condiment Sauces market, value and volume share, 2016 48

Figure 30: Leading brands in the Dips market, value and volume share, 2016 50

Figure 31: Leading brands in the Dressings market, value and volume share, 2016 51

Figure 32: Leading brands in the Dry Cooking Sauces market, value and volume share, 2016 52

Figure 33: Leading brands in the Herbs, Spices & Seasonings market, value and volume share, 2016 53

Figure 34: Leading brands in the Tomato pastes and purées market, value and volume share, 2016 54

Figure 35: Leading brands in the Wet Cooking Sauces market, value and volume share, 2016 55

Figure 36: Private label penetration by markets (value terms), 2016 69

Figure 37: Growth analysis, private label and brands, (2011-2016) 70

Figure 38: Value of Health & Wellness claims by market, US$ million, 2016-2021 71

Figure 39: Value and volume analysis by Health & Wellness product attributes, 2016 72

Figure 40: Value and volume analysis by Health & Wellness product attributes, 2016 73

Figure 41: Value and volume analysis by Health & Wellness consumer benefits, 2016 74

Figure 42: Value and volume analysis by Health & Wellness consumer benefits, 2016 75

Figure 43: Packaging share and growth analysis by packaging material, 2011-2021 76

Figure 44: Use of packaging material by markets (in pack units), 2016 77

Figure 45: Packaging share and growth analysis by container type, 2011-2021 78

Figure 46: Use of container type by markets (in pack units), 2016 79

Figure 47: Packaging share and growth analysis by closure type, 2011-2021 80

Figure 48: Use of closure type by markets (in pack units), 2016 81

Figure 49: Packaging share and growth analysis by outer type, 2011-2021 82

Figure 50: Use of outer type by markets (in pack units), 2016 83

Figure 51.1: Relative comparison of countries based on PEST analysis 84

Figure 51.2: Relative comparison of countries based on PEST analysis 85

Figure 51.3: Relative comparison of countries based on PEST analysis 86

Figure 52: Peru’s GDP per capita, 2011-2016 87

Figure 53: Population growth in Peru, 2011-2016 88

Figure 54: Consumer Price Index, Peru, 2010-2016 89

Figure 55: Age Profile, Peru, 2016 90

Figure 56: About GlobalData 130

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