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Peru´s food retail sector is projected to grow 5.3 percent in 2022, reaching $26.3 billion. Growth is expected to be driven by better performance of the modern channel, especially in the development of new store formats and an aggressive discounting campaign to encourage sales.
Peru’s food processing industry is a dynamic sector of the national economy.
Coffee production in marketing year (MY) 2019/20 (April/March) is forecast at 4.5 million bags (60- kilograms per bag), increasing 3 percent from the previous year.
Milk production in CY 2019 at is forecast at 2.3 MMT.
Peru’s sugar industry continues grow. It is bound to reach self-sufficiency in the upcoming years.
This report outlines Peru’s regulatory requirements for food and agricultural product imports.
The U.S.–Peru Trade Promotion Agreement (PTPA) celebrated its tenth anniversary on February 1, 2019.