PROSPECTS AND OPPORTUNITIES
Consumption to remain polarised over the forecast period
Consumption is expected to remain polarised within sauces, dips and condiments throughout the forecast period. While many consumers will continue to favour lower-priced products, niche segments will continue to grow as some Peruvians are willing to invest in quality and indulgence.
La Bodeguita set to increase share in traditional channel, while Alicorp will remain overall category leader
La Bodeguita targets small local grocers, thus allowing the player, mainly focused on beverages, to offer these stores a wider product portfolio that started with staples like rice, sugar and oil, among other basic products. In 2024 La Bodeguita entered table sauces mayonnaise and chili sauces developed together with well-known chef Ignacio Barrios to ensure an appealing taste as part of the value proposal.
Innovative flavours will expand as natural trend gathers pace
Consumers are seeking greater variety, less traditional and more adventurous flavours, spurring growth in the popularity of variants promising these features. The trend is driven not only by the flavours themselves but also by the convenience of ready-to-use sauces that require no additional ingredients to create a complex taste.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sauces, Dips and Condiments industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sauces, Dips and Condiments in Peru report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sauces, Dips and Condiments in Peru?
- Which are the leading brands in Sauces, Dips and Condiments in Peru?
- How are products distributed in Sauces, Dips and Condiments in Peru?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Sauces, Dips and Condiments?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Peru?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Sauces, Dips and Condiments in Peru - Category analysis
KEY DATA FINDINGS
Economic stress continues to impact consumption trends
Alicorp maintains overall leadership, while MSG benefits from player efforts
Local player Lopesa expands its presence
Consumption to remain polarised over the forecast period
La Bodeguita set to increase share in traditional channel, while Alicorp will remain overall category leader
Innovative flavours will expand as natural trend gathers pace
Cooking Ingredients and Meals in Peru - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Sauces, Dips and Condiments
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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