Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Peru

Peru

Revenue in the Other Cereal Products market amounts to €1.11bn in 2024. The market is expected to grow annually by 2.57% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€13,880m in 2024).
In relation to total population figures, per person revenues of €32.43 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 0.47bn kg by 2029. The Other Cereal Products market is expected to show a volume growth of 0.5% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 13.4kg in 2024.

Key regions: Canada, Spain, South Korea, United States, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Other Cereal Products Market within the Bread & Cereal Products Market in Peru has seen minimal growth due to factors such as limited market demand and competition from other breakfast options. Despite this, the market is expected to continue growing due to increasing health consciousness and convenience offered by cereal products.

Customer preferences: The popularity of gluten-free diets in Peru has led to an increase in demand for gluten-free cereal products, catering to individuals with celiac disease or gluten sensitivities. This trend is also reflected in the global market, as more consumers are becoming health-conscious and seeking alternative options for traditional cereal products. This shift towards gluten-free products is driven by a growing awareness of dietary restrictions and the desire for healthier food choices.

Trends in the market: In Peru, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for healthier and more diverse options. This trend is driven by a growing awareness of the importance of a balanced diet and the health benefits of incorporating alternative grains and cereals into meals. As a result, there is a growing market for products such as quinoa, amaranth, and chia seeds. This presents opportunities for industry stakeholders to expand their product offerings and cater to the evolving consumer preferences. Additionally, the rise of e-commerce and online grocery platforms in Peru has made it easier for consumers to access these products, further fueling the growth of the Other Cereal Products Market.

Local special circumstances: In Peru, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's rich agricultural heritage and diverse culinary traditions. The use of locally grown grains such as quinoa, amaranth, and corn in traditional dishes has created a demand for unique cereal products in the market. Additionally, the government's support for promoting healthy eating habits has led to the emergence of new brands offering gluten-free and organic cereal options, catering to the growing health-conscious population. Moreover, the increasing popularity of e-commerce platforms has made it easier for smaller producers to reach a wider audience, contributing to the growth of the market.

Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Peru is influenced by various macroeconomic factors. The country's economic growth, favorable regulatory environment, and increasing investment in food production and distribution infrastructure have positively impacted the market growth. Additionally, the rising demand for healthy and convenient food options, coupled with the growing consumer awareness about the benefits of consuming cereal products, has further driven the market. Moreover, the increasing population and changing dietary preferences in Peru have also contributed to the growth of the Other Cereal Products Market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.