Peru: Food Processing Ingredients
Peru’s food processing industry is a dynamic sector of the national economy. FAS Lima estimates import demand for U.S.-origin food processing ingredients growing about 5 percent during calendar year (CY) 2014, slightly off from last year’s growth of 6 percent. We estimate that there are 3,000 Peruvian companies engaged in food processing, with the 50 largest food processors reporting CY 2013 sales of $16 billion. The food processing sector is forecast to continue growing, despite the recent economic downturn, as domestic consumption should benefit from stimulus measures boosting consumer spending and investor confidence.
