Recently Released Market Study: Peru Food & Drink Report 2013

Fast Market Research recommends "Peru Food & Drink Report 2013" from Business Monitor International, now available

by Bill Thompson

(WireNews+Co) - Boston, MA - 08 February 2013

While we anticipate headline growth in Peru to slow in the coming years, as China's hard landing feeds through into a more moderate expansion of the mining sector, we continue to expect the country's economy to remain one of the most dynamic in Latin America. Underpinned by this economic development, we also expect a number of interesting investment opportunities at the sector level, including food and drink. In fact, investments into Peru from Chilean retailers Falabella and Cencosud are positive signs, although we warn that a lack of infrastructure will continue to weigh on the sector's growth.

Headline Industry Data (local currency)

- 2013 per capita food consumption = +9.76%; forecast compound annual growth rate (CAGR) to 2017 = +8.88%
- 2013 alcoholic drink sales = +6.69%; forecast CAGR to 2017 = +6.53%
- 2013 soft drink sales = +7.61%; forecast CAGR to 2017 = +7.34%
- 2013 mass grocery retail sales = +11.17%; forecast CAGR to 2017 = +10.23%

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/529444_peru_food_drink_report_2013.aspx?afid=201) (http://www.fastmr.com/prod/529444_peru_food_drink_report_2013.aspx?afid=201)

Key Industry Trends & Developments

Peruvian Olive Oil Association Asks for Protection Against Imports: In November 2012, according to statements made to Olive Oil Times by the Peruvian Pro Olivo Association, local producers of olive oil have been impacted by the subsidized Spanish olive oil inflows in Peru. As a result, Pro Olivo has applied to 'Peru's National Institution for Competition Defense and Intellectual Property Protection (Indecopi) for an extension of countervailing duties on Spanish olive oil imports', according to the source.

Key Risks to Outlook

Elevated Security Risks: While Peru's economy offers a wealth of opportunities at the sector level, the operating environment is not without risks. In our view, political risk is likely to remain high over the coming years on the back of continued social unrest and a tenuous security situation. Given that we believe income inequality is a root cause of many of these issues, we expect they will take years to resolve. In addition, the domestic security situation has come back into focus in recent months following an increase in activity by left-wing insurgent group Sendero Luminoso, with resolution unlikely to be reached easily.

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