Peru: Retail Foods

  |   Attaché Report (GAIN)   |   PE2023-0015

Peru´s food retail sector grew 2.7 percent in 2022. Growth was driven by better performance of the modern channel, especially in the development of new store formats and an aggressive discounting campaign to encourage sales. The sector’s growth in 2023 will likely stem from basic food categories, with a special emphasis on private labels. FAS Lima expects to see a slight decline in the demand of high value imported products.

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