Cheese - Peru | Statista Market Forecast

Cheese - Peru

Peru

Highlights

Revenue in the Cheese market amounts to US$986.50m in 2024. The market is expected to grow annually by 5.71% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$28.44 are generated in 2024.
In the Cheese market, volume is expected to amount to 112.50m kg by 2029. The Cheese market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 2.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Peru is currently experiencing minimal growth, impacted by factors such as changing consumer preferences and increasing competition. However, the overall Dairy Products & Eggs Market within The Food market is still expected to see steady growth, driven by the rising demand for dairy products and the convenience of online shopping.

Customer preferences: Consumers in Peru are showing a growing preference for locally sourced and artisanal cheeses, as they value the country's rich dairy heritage and traditional production methods. This trend is also influenced by a rising interest in sustainable and ethical food choices. Additionally, there is a growing demand for low-fat and lactose-free cheese options, reflecting shifting consumer attitudes towards health and wellness. The cheese market in Peru is also seeing an increase in the popularity of flavored and specialty cheeses, catering to the diverse and evolving palates of consumers.

Trends in the market: In Peru, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for artisanal and organic cheeses, driven by the growing health consciousness among consumers. This trend is expected to continue with the increasing availability of premium cheese varieties and the growing popularity of specialty cheese shops. The significance of this trend lies in the potential for higher profit margins for cheese producers and retailers, as well as the potential for differentiation and niche market targeting. Industry stakeholders should focus on catering to the demand for high-quality and unique cheese products, while also exploring opportunities for online sales and partnerships with health-focused retailers and restaurants.

Local special circumstances: In Peru, the Cheese Market of the Dairy Products & Eggs Market within The Food market has been heavily influenced by the country's rich agricultural heritage and diverse cultural traditions. The production of cheese is deeply ingrained in the Peruvian culture, with many small-scale producers using traditional methods passed down through generations. Additionally, the government has implemented strict regulations to protect the quality and authenticity of Peruvian cheese, further driving the market. These unique factors have contributed to the growth and success of the Cheese Market in Peru, setting it apart from other markets in the region.

Underlying macroeconomic factors: In Peru, the Cheese Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as changes in global cheese consumption patterns, government policies on food imports and exports, and the availability of dairy products in the domestic market. The country's economic stability, inflation rates, and consumer purchasing power also play a significant role in shaping the demand for cheese. Furthermore, the increasing health consciousness among consumers and the growing demand for natural and organic dairy products are driving the growth of the cheese market in Peru. This is further supported by the rising disposable incomes and changing dietary habits of the population, leading to a higher demand for high-quality cheese products.

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.