Peru: Retail Foods
Peru’s food retail market is adapting to the economic hardships and realities arising from the Covid-19 pandemic. FAS Lima foresees a long-term recuperation since this sector is not yet mature and has room to keep growing. The market currently holds over 790 convenience stores and 282 conventional supermarkets. The sector’s expansion strategy targets Lima’s lower to middle income districts. E-commerce is expected to continue growing but still has logistical issues to overcome.