U.S. origin food and agricultural product exports to Peru benefit significantly from the U.S.-Peru Trade Promotion Agreement (PTPA). The U.S., with a market share of almost 22% is a top supplier of consumer-oriented food products to Peru.
The U.S. enjoys some competitive advantages in the Peruvian food market. The U.S.-PTPA grants duty-free access to two-thirds of all U.S.-origin food and agricultural products, including high-value food products. An active supermarket industry that is promoting increased demand for high-value food products. Growth of new supermarket outlets and convenience stores in Lima’s suburbs and other cities. Appreciation for U.S. food quality and culture. Untapped categories such as refrigerated and frozen products. Increased health consciousness among the Peruvian population. Dynamic growth in foodservice and food processing sectors.
U.S. Food & Agricultural Product Imports to Peru, By the Numbers
By the year 2024, Euromonitor projects the retail sales in the packaged food market in Peru is expected to reach US$11.6 billion, a growth rate of nearly 24%, or US$2.2 billion.
Top U.S. products in demand:
Participants in 2019 Focused Trade Missions Reported:
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