Vegetables - Peru | Statista Market Forecast

Vegetables - Peru

Peru

Highlights

Revenue in the Vegetables market amounts to US$6.53bn in 2024. The market is expected to grow annually by 4.89% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$159bn in 2024).
In relation to total population figures, per person revenues of US$188.20 are generated in 2024.
In the Vegetables market, volume is expected to amount to 5.24bn kg by 2029. The Vegetables market is expected to show a volume growth of 3.4% in 2025.0.
The average volume per person in the Vegetables market is expected to amount to 133.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Vegetables Market in Peru is experiencing minimal growth, influenced by factors such as changing consumer preferences towards healthy eating, fluctuations in agricultural productivity, and competition from imported products that challenge local offerings.

Customer preferences: In Peru, consumers are increasingly prioritizing fresh, organic vegetables as part of a broader shift towards healthier lifestyles. This trend is particularly prominent among younger demographics, who value sustainability and locally sourced produce. Additionally, urbanization is driving demand for convenience, leading to a rise in ready-to-cook vegetable packs. Cultural influences, such as traditional Peruvian cuisine emphasizing fresh ingredients, further amplify the desire for high-quality vegetables. These evolving preferences are reshaping the local vegetable market landscape.

Trends in the market: In Peru, the vegetable market is seeing a significant shift towards fresh and organic produce, driven by health-conscious consumers who prioritize quality and sustainability. This trend is particularly strong among younger generations, who are increasingly drawn to locally sourced vegetables that support environmental sustainability. Additionally, the rise of urban living is creating a demand for convenience, resulting in the popularity of ready-to-cook vegetable packs. This evolving landscape not only reflects changing consumer preferences but also presents new opportunities for local farmers and retailers to innovate and cater to these emerging demands.

Local special circumstances: In Peru, the vegetable market is uniquely shaped by its diverse climates and rich agricultural heritage, allowing for a wide variety of crops to flourish. The Andes mountains and coastal regions provide distinct growing conditions that enable farmers to produce both traditional and exotic vegetables. Culturally, Peruvian cuisine emphasizes fresh ingredients, enhancing demand for high-quality produce. Additionally, regulatory support for organic farming practices encourages sustainable methods, further appealing to eco-conscious consumers. These local factors collectively drive a vibrant market dynamic centered around freshness and sustainability.

Underlying macroeconomic factors: The Peruvian vegetable market is significantly influenced by macroeconomic factors such as national economic stability, global trade dynamics, and agricultural policies. Economic growth in Peru fosters increased consumer purchasing power, driving demand for fresh and high-quality produce. Additionally, global trends toward healthy eating and organic products bolster the market, attracting both local and international buyers. Fiscal policies supporting agriculture, such as subsidies for sustainable practices, enhance productivity and encourage eco-friendly farming. Furthermore, fluctuations in commodity prices and climate change impact the supply chain, shaping market performance and influencing pricing strategies within the vegetable sector.

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.