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The food retail sector in Peru is anticipated to experience 5 percent growth by the conclusion of 2024, attributed to the overall enhancement in the country's economic landscape and targeted strategies devised by both the modern and traditional food channels.

Germany is the largest market for food and beverages in the European Union importing USD 69 billion worth of consumer-oriented agricultural products in 2023. The food retail sector is saturated, highly consolidated, and competitive.

Peru has a robust food processing industry that is an integral part of its economy. The food industry contributes to nearly 27 percent of the country's industrial gross domestic product (GDP). However, the non-primary manufacturing sector, which encompasses food and beverage production, experienced a decline of 8.1 percent in 2023.

The food processing industry represents the fourth-largest industry in Germany. According to the Federation of German Food and Drink Industries (BEV) estimates, Germany produced $238.9 (€ 218.5) billion of processed food and drinks in 2022.

Peru is an internationally recognized gastronomic hub with opportunities for imported complementary food products. Health restrictions eased during 2021 but the foodservice sector has yet to recover pandemic-related losses. The industry will also...

Peru´s food retail sector grew 2.7 percent in 2022. Growth was driven by better performance of the modern channel, especially in the development of new store formats and an aggressive discounting campaign to encourage sales.

Germany is by far the biggest market for food and beverages in the European Union. The food retail sector is saturated, highly consolidated, and competitive.

Peru’s food processing industry is a dynamic sector of the national economy. The food industry in Peru accounts for almost 27 percent of the industrial gross domestic product. The sector declined 3.9 percent with respect 2021, mainly due to international externalities such as higher costs of food ingredients and energy.

The food processing is the fourth-largest industry in Germany. According to the Federation of German Food and Drink Industries' (BEV) estimates, total revenue of USD 20.7 billion were generated across all sectors in 2022, which is 17.9 percent higher than the previous year.

Germany is the fourth largest wine producer in the European Union after France, Italy, and Spain. German wine production from the 2022 harvest for marketing in CY 2023 is estimated at 9.4 million hectoliters, 9.8 percent higher than the previous year.

Peru is the third-largest South American market for U.S. consumer-oriented agricultural products. Increasing wealth and lower barriers to entry were facilitated by the implementation of the U.S.-Peru Trade Promotion Agreement (PTPA), resulting in a 423-percent increase in consumer-oriented exports from $65 million in 2009 to $340 million in 2021.

Germany is the second largest organic market in the world. It holds good prospects for U.S. organic products, including tree nuts, fruits, vegetables, and processed food products. While market growth slowed this year due to high inflation and rising...