Peru: Food Processing Ingredients
Peru’s food processing industry is a dynamic sector of the national economy. FAS Lima estimates U.S.-origin food processing ingredients exports to Peru reaching $280 million in calendar year (CY) 2015, an increase of $14 million or five percent compared to the previous year. There are some 3,000 companies in Peru engaged in food processing. The 50 largest food processors are reporting CY 2015 sales of $22.5 billion. The food processing sector is forecast to grow, despite the current economic slowdown, as domestic consumption benefits from stimulus measures boosting consumer spending and continued investor confidence.