Peru Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027
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Peru Baby Food Market Report Overview
The Peru baby food market size valued at PEH877.1 million in 2021. The market will garner a CAGR of less than 2% during 2021-2027. The Peru baby food market outlook includes demographic and socio-economic trends to aid clients in effective decision-making.
Peru Baby Food Market Outlook 2021-2027 (PEH Million)
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The Peru baby food market insights cover current and future trends that will influence the baby food industry. This report collates multiple data sources to offer a comprehensive baby food sector overview in Peru.
| Market Size (2021) | PEH877.1 million |
| CAGR (2021-2027) | <2% |
| Historical Period | 2015-2021 |
| Forecast Period | 2021-2027 |
| Key Categories | · Baby Milks
· Baby Cereals & Dry Meals · Baby Wet Meals & Other · Baby Finger Food |
| Key Distribution Channels | · Hypermarkets and Supermarkets
· Drugstores & Pharmacies · E-Retailers |
| Leading Manufacturers | · Nestlé
· Mead Johnson (Reckitt Benckiser) · Abbott Laboratories · Hero Group · The Kraft Heinz Company |
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Peru Baby Food Market Trends
The prime target for baby food is high- and middle-income families living mainly in Lima. Modern retail outlets are now in operation in other large cities, including Trujillo, Chiclayo, and Arequipa. There has been an increase in the use of infant formula in virtually all age groups. Infant formula is gradually replacing the use of other milks, such as cow’s milk and other milk powder. Exclusive breastfeeding duration was higher among rural mothers. The rising demand for baby products from the rural segment will promote the Peru baby food market growth.
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Peru Baby Food Market Segmentation by Categories
Baby milk was the leading Peruvian baby food category in 2021
The key categories in the Peru baby food market are:
- Baby Milks
- Baby Cereals & Dry Meals
- Baby Wet Meals & Other
- Baby Finger Food
The baby milk category accounted for the highest baby food value in 2021. This category comprises breast milk substitutes for infants aged from birth to three years old. Products include first-stage milk and follow-on milk among others. High growth in growing-up milk has increased retail baby milk sales since 2015.
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Segments Covered in Peru Baby Food Market Report
Peru Baby Food Categories Outlook (Value, PEH Million, 2015-2027)
- Baby Milks
- Baby Wet Meals & Other
- Baby Cereals & Dry Meals
- Baby Finger Food
Peru Baby Food Distribution Channel Outlook (Value, PEH Million, 2015-2027)
- Hypermarkets and Supermarkets
- Drugstores & Pharmacies
- E-Retailers
Peru Baby Food Market Segmentation by Distribution Channels
Hypermarkets & supermarkets was the leading distribution channel for baby food in 2021
The key distribution channels in the Peru baby food market are:
- Hypermarkets and Supermarkets
- Drugstores & Pharmacies
- E-Retailers
Drugstores & pharmacies followed the lead among other distribution channels. Around half of milk sales through drugstores & pharmacies are made in the Lima region. Even though there is no legislation restricting the distribution of baby milk in Peru, some manufacturers still prefer to supply drugstores & pharmacies rather than other retail channels.
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Peru Baby Food Market - Competitive Landscape
Nestlé was the leading Peru baby food manufacturer in 2021
The leading manufacturer in the Peru baby food market are:
- Nestlé
- Mead Johnson (Reckitt Benckiser)
- Abbott Laboratories
- Hero Group
- The Kraft Heinz Company
In 2021, Nestlé accounted for the highest Peruvian baby food value and volume terms. Mead Johnson (Reckitt Benckiser) and Abbott Laboratories followed the lead among other baby food companies. Nestlé offers the key brands including Nan, Nido, Gerber, and Nidina among others.
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Scope
This report provides:
- Consumption data based upon a unique combination of industry research, fieldwork, market sizing work. In-house expertise to offer extensive trends and dynamics data affecting the industry.
- Detailed company profiles considering their entry in the baby food industry with key product sectors.
- Market profile of the various product sectors with their key features & developments. Extensive insights about product segmentation, per capita trends, and the various manufacturers & brands.
- Baby food industry retailing overview with company revenues along with the distribution channel insights.
- Future projections considering various baby food market trends that are likely to affect the industry.
Reasons to Buy
- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Understand individual product category consumption to align your sales and marketing efforts with the latest trends in the market.
- Investigate which categories are performing the best and how this is changing market dynamics.
Table of Contents
Table
Figures
Frequently asked questions
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What was the Peru baby food market size in 2021?
The baby food market size in Peru was valued at PEH877.1 million ($226 million) in 2021.
-
What is the Peru baby food market growth rate?
The baby food market in Peru is expected to achieve a CAGR of less than 2% during 2021-2027.
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Which category led the Peru baby food market in 2021?
The baby milk category led the Peru baby food market in 2021.
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Which was the leading distribution channel of the Peru baby food market in 2021?
Hypermarkets and supermarkets was the leading distribution channel of the Peru baby food market in 2021.
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Which are the leading Peru baby food market manufacturers?
The leading manufacturers in the Peru baby food market are Nestlé, Mead Johnson (Reckitt Benckiser), Abbott Laboratories, Hero Group, and The Kraft Heinz Company.
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