Peru: Food Processing Ingredients Annual

Peru has a robust food processing industry that is an integral part of its economy. The food industry contributes to nearly 27 percent of the country's industrial gross domestic product (GDP). However, the non-primary manufacturing sector, which encompasses food and beverage production, experienced a decline of 8.1 percent in 2023. This was primarily due to lower domestic consumption, unfavorable weather conditions, and political and social unrest, which ultimately impacted the country's overall GDP growth. As a result, the total GDP fell by 0.6 percent in 2023.