Concentrated not sweetened milk and cream market in Peru

Earlier Report Observations

The market for concentrated not sweetened milk and cream in Peru was characterized by high concentration, with three major companies—Gloria, Nestlé, and Laive—controlling over 90% of the market through vertical integration. From 2018 to 2021, market volume expanded from 431.5 thousand tons to 531.6 thousand tons, a growth largely driven by changing consumer habits toward processed dairy products and increased health awareness, which boosted demand for items like concentrated milk and cream.

Growth slowed to 1% in 2022, with volume reaching 537.1 thousand tons, influenced by regulatory preparations for the new dairy product definition under D.S. Nº 004-2022-MIDAGRI and rising competition from plant-based milk alternatives, which gained traction among consumers seeking vegan options. Increased imports also supported supply during this period.

In 2023, market volume fell to 494.7 thousand tons, primarily because higher prices led consumers to reduce purchase volumes, even as sales value remained nearly stable. At the same time, the commissioning of a modern pasteurization plant in Lambayeque with a capacity of 500 liters per hour aimed at improving the quality of regional dairy production.

Production concentrated not sweetened milk and cream in Peru

In kind, 2017-2020, K t

From 2017 to 2020, Peru held the second position globally in the production of concentrated unsweetened milk and cream.

Top producers of concentrated not sweetened milk and cream, 2017-2020

World map of production of concentrated not sweetened milk and cream, 2017-2020

After two years of growth, Peru's production of concentrated unsweetened milk and cream declined. In 2020, output reached 520.6 thousand tonnes, showing minimal change from the previous year. The peak was recorded in 2019 at 522.8 thousand tonnes, with the largest increase of 1.8% also occurring that year.

Annual dynamics of production in Peru in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of concentrated unsweetened milk and cream production in Peru was 656.6 million US dollars, reflecting a gradual increase of 4.9% over the previous year. From 2017 to 2020, production rose by 6.3%, with a compound annual growth rate of 2.1%. The largest decline was in 2019 at 3.6%, while the largest increase was in 2018 at 5.1%.

Annual dynamics of production in Peru in value, 2017-2020, M $ US

Exports concentrated not sweetened milk and cream from Peru

Exports in kind, t

Exports of concentrated unsweetened milk and cream from Peru fell for the second year in a row. In 2020, Peru exported 56 706 tonnes, a sharp decline of 15.2% compared to 2019. Between 2017 and 2020, exports dropped by 27.8%, with a compound annual growth rate of -10.3%. The highest volume was in 2018 at 82 689 tonnes, with the largest decrease of 19.2% in 2019 and the largest increase of 5.2% in 2018.

Annual dynamics of product's exports from Peru in kind, 2017-2020, t

From 2017 to 2020, Haiti accounted for 52.0% of Peru's exports in volume, followed by the United States at 8.5% and Chile at 6.3%. Together, these three countries made up 66.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Peru in kind, 2017-2020

Exports in value, M $ US

Peru's exports of concentrated unsweetened milk and cream in value terms declined for the second consecutive year. In 2020, exports totaled 71.5 million US dollars, a significant decrease of 10.7% from the previous year. Between 2017 and 2020, exports fell by 24.5%, equivalent to an annualized rate of -8.9%. The peak value was in 2018 at 104.6 million US dollars, with the largest decline of 23.4% in 2019 and the largest increase of 10.4% in 2018.

Annual dynamics of product's exports from Peru in value, 2017-2020, M $ US

From 2017 to 2020, Haiti was the largest buyer of concentrated unsweetened milk and cream from Peru in value terms, with a 45.0% share, followed by the United States at 8.9% and Chile at 8.5%. Combined, these three countries represented 62.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Peru in value, 2017-2020

Imports concentrated not sweetened milk and cream to Peru

Imports in kind, t

Imports of concentrated unsweetened milk and cream into Peru increased for the third year in a row. In 2020, imports amounted to 3 767 tonnes, a substantial rise of 185.5% compared to 2019. Between 2017 and 2020, imports surged by 18 229.4%, equating to a compound annual growth rate of 468.0%.

Annual dynamics of product's imports to Peru in kind, 2017-2020, t

Throughout 2017 to 2020, Germany dominated the geographical structure of Peru's imports in volume, accounting for 92.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Peru in kind, 2017-2020

Imports in value, M $ US

Foreign supplies of concentrated unsweetened milk and cream to Peru grew for the third consecutive year. In 2020, imports totaled 5.2 million US dollars, marking an uptick of 190.2% versus 2019. Between 2017 and 2020, imports increased by 16 985.6%, with a compound annual growth rate of 454.9%.

Annual dynamics of product's imports to Peru in value, 2017-2020, M $ US

From 2017 to 2020, the import pattern in value terms showed a strong reliance on Germany, which absorbed 92.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Peru in value, 2017-2020