Peru Flavours Market Report and Forecast 2024-2032

Peru Flavours Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the Peru flavours market is aided by the growth of Latin America flavours market, which is expected to grow in the forecast period of 2024-2032 at a CAGR of 7.8%. Aided by the rich cultural traditions of Peru, the market is expected to grow significantly by 2032.

Peruvian cuisine is an intricate tapestry woven from indigenous, Spanish, African, Japanese, and Chinese influences, creating a unique and vibrant gastronomic identity. This culinary fusion, known as 'Cocina Novoandina', has catapulted Peruvian flavours onto the world's culinary map, making it a hub for food innovation and cultural exchange.

The Peru flavours market growth is being driven by the innovative use of native ingredients. From the humble potato, with over 3,000 varieties, to the rich diversity of chillies such as aji amarillo and rocoto, the Peruvian pantry is a testament to the country's biodiverse landscape. Quinoa, once an ancient Incan staple, has now gained global acclaim as a superfood, further propelling Peru's gastronomic standing.

The iconic ceviche, a symphony of fresh seafood cured in tangy lime juice and spiced with chillies, epitomises the freshness and vibrancy of Peruvian cuisine. Meanwhile, dishes like lomo saltado and ají de gallina illustrate the harmonious blend of Peruvian and international flavours.

As per the Peru flavours market analysis, Andean cooking traditions continue to thrive in the nation. Techniques like pachamanca, where food is cooked underground over hot stones, not only provide a unique flavour profile but also reflect the deep connection between Peruvian culture and its land.

Peru's culinary ascent has given rise to a burgeoning culinary tourism sector which has in turn bolstered the Peru flavours market demand. Cities like Lima, Arequipa, and Cusco have become gastronomic hubs, housing an array of restaurants that range from traditional picanterias to Michelin-starred establishments. Lima, in particular, has gained international acclaim, with several of its restaurants consistently ranking among the world's best.

This gastronomic renaissance has also fuelled a surge in culinary education and innovation. Culinary institutes in Peru are attracting students from across the globe, eager to learn the secrets of Peruvian cuisine and bring this knowledge to international shores.

Market Segmentation

The market can be divided based on flavouring agent, form, and application.

Market Breakup by Flavouring Agent
  • Nature Identical Flavouring Substance
  • Artificial Flavouring Substance
  • Natural Flavours
Market Breakup by Form
  • Liquid
  • Dry
Market Breakup by Application
  • Beverages
  • Bakery and Confectionery Products
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Peru flavours market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Givaudan SA
  • International Flavors & Fragrances Inc.
  • Bell Flavors & Fragrances, Inc.
  • Innalsa
  • Quimtia
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Flavours Market Overview
8.1 Key Industry Highlights
8.2 Latin America Flavours Historical Market (2018-2023)
8.3 Latin America Flavours Market Forecast (2024-2032)
9 Peru Flavours Market Analysis
9.1 Key Industry Highlights
9.2 Peru Flavours Historical Market (2018-2023)
9.3 Peru Flavours Market Forecast (2024-2032)
9.4 Peru Flavours Market by Flavouring Agent
9.4.1 Nature Identical Flavouring Substance
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Artificial Flavouring Substance
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Natural Flavours
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 Peru Flavours Market by Form
9.5.1 Liquid
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Dry
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.6 Peru Flavours Market by Application
9.6.1 Beverages
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Bakery and Confectionery Products
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Dairy and Frozen Desserts
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Savouries and Snacks
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Givaudan SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 International Flavors & Fragrances Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Bell Flavors & Fragrances, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Innalsa
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Quimtia
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Peru Flavours Market: Key Industry Highlights, 2018 and 2032
2. Peru Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2018-2023
3. Peru Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2024-2032
4. Peru Flavours Historical Market: Breakup by Form (USD Million), 2018-2023
5. Peru Flavours Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Peru Flavours Historical Market: Breakup by Application (USD Million), 2018-2023
7. Peru Flavours Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Peru Flavours Market Structure

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