Sauces, Dressings and Condiments in Peru

Sauces, Dressings and
Condiments in Peru
Euromonitor International
December 2020
SAUCES, DRESSINGS AND CONDIMENTS IN PERU Passport i
LIST OF CONTENTS AND TABLES

KEY DATA FINDINGS.................................................................................................................. 1
2020 IMPACT ............................................................................................................................... 1
COVID-19 lockdown boosts consumer demand for sauces, dressings and condiments in
2020, though foodservice volume sales plummet ..................................................................... 1
Health concerns negatively impact some sauces, dressings and condiments in 2020 ............. 1
New product innovations seen in 2020 as companies latch onto consumer trends .................. 2
RECOVERY AND OPPORTUNITIES .......................................................................................... 2
Strong tradition of home-made sauces remains, limiting retail volume growth going forward... 2
Salad dressings faces growth limitations, with home-made alternatives more appealing for
consumers ................................................................................................................................ 2
Companies will seek to innovate into the forecast period, though consumers will continue to
prefer traditional sauces............................................................................................................ 2
CATEGORY DATA ....................................................................................................................... 3
Table 1 Sales of Sauces, Dressings and Condiments by Category: Volume
2015-2020 .................................................................................................... 3
Table 2 Sales of Sauces, Dressings and Condiments by Category: Value
2015-2020 .................................................................................................... 3
Table 3 Sales of Sauces, Dressings and Condiments by Category: % Volume
Growth 2015-2020 ....................................................................................... 4
Table 4 Sales of Sauces, Dressings and Condiments by Category: % Value
Growth 2015-2020 ....................................................................................... 5
Table 5 Sales of Cooking Sauces by Type: % Value 2015-2020 .............................. 5
Table 6 NBO Company Shares of Sauces, Dressings and Condiments: %
Value 2016-2020 .......................................................................................... 6
Table 7 LBN Brand Shares of Sauces, Dressings and Condiments: % Value
2017-2020 .................................................................................................... 6
Table 8 Distribution of Sauces, Dressings and Condiments by Format: %
Value 2015-2020 .......................................................................................... 7
Table 9 Forecast Sales of Sauces, Dressings and Condiments by Category:
Volume 2020-2025 ....................................................................................... 8
Value 2020-2025 .......................................................................................... 8
% Volume Growth 2020-2025 ...................................................................... 9
% Value Growth 2020-2025 ....................................................................... 10
© Euromonitor International
SAUCES, DRESSINGS AND CONDIMENTS IN PERU Passport 1
SAUCES, DRESSINGS AND

CONDIMENTS IN PERU
KEY DATA FINDINGS
▪ COVID-19 will boost retail volume sales of sauces, dressings and condiments in 2020 as
more consumers cook at home, though foodservice volume sales plummet
▪ Sauces, dressings and condiments records 8% current retail value growth and a retail volume
growth of 3% to reach PEN628 million and 31,000 tonnes in 2020
▪ Pasta sauces records the strongest retail value growth of 59% to reach PEN4.3 million in
2020
▪ Average unit prices of sauces, dressings and condiments increase by 4% in 2020
▪ Alicorp leads sauces, dressings and condiments with a 34% retail value share in 2020
▪ Sauces, dressings and condiments is expected to record a current retail value CAGR of 3% (a
marginal constant 2020 retail value CAGR) over the forecast period
2020 IMPACT
COVID-19 lockdown boosts consumer demand for sauces, dressings

and condiments in 2020, though foodservice volume sales plummet
The COVID-19 lockdown boosted demand for sauces, dressings and condiments in Peru in
2020, as consumers were forced to cook all their meals at home when restaurants and
takeaways shut down. Previously, many consumers often purchased a sandwich on the way to
work or a hot-dog in the afternoon, or visited the food court at the mall. The closure of
restaurants has caused foodservice volume sales of sauces, dressings and condiments to see
significant decreases, particularly mayonnaise which is the most popular sauce in the country.
However, home consumption has seen significant growth, as consumers with more time to cook
experiment with new dishes and flavours.
Health concerns negatively impact some sauces, dressings and

condiments in 2020
Sauces, dressings and condiments are important in the preparation of Peruvian food and are
frequently used in large quantities. Cooks often add cumin, onion, garlic, monosodium
glutamate, salt or coriander to dishes. Many of these are purchased fresh, although many
Peruvians also use dried herbs to add convenience.
However, Peruvians are expected to continue reducing their consumption of some of the most
popular sauces, dressings and condiments products in 2020, such as ketchup and mayonnaise,
as health concerns increase. This health trend has been accelerated by the impact of COVID-
19, which has made more consumers aware of their weight and brought attention to the obesity
problem in Peru, where over half the population is overweight. Many consumers are looking for
different ways to cut calories and fat from their dishes and avoiding sauces has proven to be a
successful strategy for some.
New product innovations seen in 2020 as companies latch onto

consumer trends
Cencosud’s private label brand Cuisine & Co launched a new range of Table Sauces in the
second quarter of 2020, with the product coming in 475g stand-up pouch formats. The sauces
come in a range of flavours including the popular mayonnaise with lemon flavour. Alicorp SAA
has also been innovating in 2020 and launched a new premium line of table sauces, in
association with premium meat producer OSSO.
Sales of breading mixes will also see strong growth in 2020, including the traditional brand Aji-
no-mix from Ajinomoto Peru. Maggi by Nestlé Peru has also relaunched its product and Fanny
by Molitalia SA launched a new seasoning base in 2020. These products are likely to remain
popular in 2020 as consumers seek to create different recipes at home.
RECOVERY AND OPPORTUNITIES
Strong tradition of home-made sauces remains, limiting retail volume

growth going forward
Cooking and table sauces are commonly made at home, from natural ingredients, with the
idea of purchasing packaged sauces and dressings not popular in Peru. For example, Peruvian
cooks almost always use a base of fried garlic and onion when preparing dishes, and
sometimes add typical Peruvian ingredients such as yellow pepper (aji Amarillo) or hot red
pepper (rocoto). Peruvians perceive that traditional sauces provide superior flavour due to their
freshness as they are prepared daily with individual influences. Manufacturers recognise this,
and are expected to introduce more sophisticated products over the forecast period in an
attempt to entice consumers and drive value growth, which is set to be strong going forward.
Retail volume growth, however, will remain muted over the early part of the forecast period
due to the strength of Peruvian cooking traditions. Even so, as Peruvians’ lives become
increasingly hectic, with long working and commuting hours, particularly in urban areas,
convenience will inevitably be a growth factor, leading to increasing retail volume growth into the
forecast period.
Salad dressings faces growth limitations, with home-made alternatives

more appealing for consumers
For many consumers salad dressing is seen as unnecessary, with home-made dressings of
lemon, salt and oil used by most Peruvians. Equally, the majority of Peruvians do not eat fresh
salads on a regular basis, making the consumer base for packaged dressing products low. As a
result, it is unlikely that salad dressings will see strong sales into the forecast period.
Companies will seek to innovate into the forecast period, though

consumers will continue to prefer traditional sauces
New product launches are expected to occur into the forecast period as manufacturers try to
anticipate trends and consumer expectations, attempting to mix traditional flavours with
packaged products. However, Peruvians traditionally consume home-made sauces, perceiving
them to be of a higher quality due to their freshness. Furthermore, consumers who are looking
for practicality can find their preferred sauces at very low prices, ready to consume, among
market stalls and in a loose format, acquiring the exact amount they need for the day and
marginally adjust them to their individual taste at home. Herbs and spices are also sold by
weight from large jute or plastic containers in open markets. Consumers believe that these
products are fresher than packaged variants, whilst prices are also lower. As a result, retail
volume sales of sauces, dressings and condiments are expected to remain low into the forecast
period.
CATEGORY DATA
Table 1 Sales of Sauces, Dressings and Condiments by Category: Volume 2015-2020
tonnes
2015 2016 2017 2018 2019 2020
Cooking Ingredients 5,640.9 5,486.4 5,333.7 5,173.8 5,107.5 5,396.1

- Bouillon 3,099.7 2,882.5 2,662.5 2,424.2 2,272.7 2,371.1
-- Gravy Cubes and - - - - - -
Powders
-- Liquid Stocks and - - - - - -
Fonds
-- Stock Cubes and 3,099.7 2,882.5 2,662.5 2,424.2 2,272.7 2,371.1
Powders
- Dry Sauces 6.8 7.1 7.9 8.9 9.8 11.0
- Herbs and Spices 1,210.0 1,246.9 1,290.0 1,329.0 1,372.2 1,470.7
- Monosodium Glutamate 1,268.5 1,291.5 1,312.2 1,330.2 1,347.2 1,394.7
- Pasta Sauces 34.4 36.5 38.6 58.7 82.3 123.8
- Cooking Sauces 21.5 22.0 22.4 22.9 23.4 24.7
Dips - - - - - -
Pickled Products 51.2 52.7 53.5 54.6 55.8 58.6
Table Sauces 16,338.1 16,277.1 16,242.7 16,188.2 16,128.1 16,456.4
- Barbecue Sauces 42.3 35.8 42.9 51.8 63.8 81.0
- Fish Sauces - - - - - -
- Ketchup 2,380.7 2,333.4 2,288.1 2,252.7 2,223.4 2,251.3
- Mayonnaise 9,177.9 9,097.6 9,049.7 8,976.8 8,879.4 8,981.5
- Mustard 759.3 754.3 745.7 741.4 742.1 760.7
- Oyster Sauces 105.5 146.2 174.1 183.4 190.3 200.8
- Salad Dressings 149.2 154.1 158.8 164.6 170.7 180.0
- Soy Sauces 3,723.2 3,755.8 3,783.4 3,817.5 3,858.3 4,001.1
- Chili Sauces - - - - - -
- Other Table Sauces - - - - - -
Tomato Pastes and Purées 8,501.3 8,964.8 8,821.4 8,702.3 8,632.7 8,890.3
Yeast-based Spreads - - - - - -
Other Sauces, Dressings 163.7 173.0 183.3 194.3 206.4 226.0
and Condiments
Sauces, Dressings and 30,695.3 30,954.0 30,634.6 30,313.2 30,130.4 31,027.3
Condiments
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
Table 2 Sales of Sauces, Dressings and Condiments by Category: Value 2015-2020
PEN million
2015 2016 2017 2018 2019 2020
Cooking Ingredients 200.9 195.5 191.1 192.0 196.2 217.7

- Bouillon 95.7 84.5 74.4 68.9 66.3 72.0
Powders
Fonds
-- Stock Cubes and 95.7 84.5 74.4 68.9 66.3 72.0
Powders
- Dry Sauces 0.4 0.4 0.5 0.6 0.7 0.8
- Herbs and Spices 81.2 85.8 90.5 95.2 100.2 112.2
- Monosodium Glutamate 22.3 23.2 24.0 24.9 25.8 27.8
- Pasta Sauces 1.0 1.1 1.2 1.9 2.7 4.3
- Cooking Sauces 0.5 0.5 0.5 0.6 0.6 0.6
Dips - - - - - -
Table Sauces 270.9 271.5 274.4 279.0 282.7 300.4
- Barbecue Sauces 1.1 1.0 1.3 1.6 2.1 2.8
- Ketchup 39.5 39.3 38.4 38.5 38.7 40.7
- Mayonnaise 176.9 175.7 179.2 181.4 182.3 192.2
- Mustard 9.8 10.3 10.6 11.0 11.4 12.2
- Oyster Sauces 4.1 6.0 6.9 7.2 7.5 8.3
- Salad Dressings 3.9 4.1 4.3 4.6 4.8 5.4
- Soy Sauces 35.7 35.1 33.5 34.6 35.8 38.8
Tomato Pastes and Purées 82.8 93.7 97.4 98.0 97.9 101.5
and Condiments
Sauces, Dressings and 559.9 566.4 569.2 575.8 584.3 628.1
Condiments
Table 3 Sales of Sauces, Dressings and Condiments by Category: % Volume Growth

2015-2020
% volume growth
2019/20 2015-20 CAGR 2015/20 Total
Cooking Ingredients 5.6 -0.9 -4.3

- Bouillon 4.3 -5.2 -23.5
-- Gravy Cubes and Powders - - -
-- Liquid Stocks and Fonds - - -
-- Stock Cubes and Powders 4.3 -5.2 -23.5
- Dry Sauces 12.7 10.2 62.6
- Herbs and Spices 7.2 4.0 21.5
- Monosodium Glutamate 3.5 1.9 10.0
- Pasta Sauces 50.5 29.2 260.2
- Cooking Sauces 5.5 2.8 14.8
Dips - - -
Pickled Products 5.1 2.7 14.5
Table Sauces 2.0 0.1 0.7
- Barbecue Sauces 27.0 13.9 91.5
- Fish Sauces - - -
- Ketchup 1.3 -1.1 -5.4
- Mayonnaise 1.1 -0.4 -2.1
- Mustard 2.5 0.0 0.2
- Oyster Sauces 5.5 13.7 90.3
- Salad Dressings 5.5 3.8 20.6
- Soy Sauces 3.7 1.4 7.5
- Chili Sauces - - -
- Other Table Sauces - - -
Tomato Pastes and Purées 3.0 0.9 4.6

Yeast-based Spreads - - -
Other Sauces, Dressings and Condiments 9.5 6.7 38.0
Sauces, Dressings and Condiments 3.0 0.2 1.1
Table 4 Sales of Sauces, Dressings and Condiments by Category: % Value Growth

2015-2020
% current value growth

2019/20 2015-20 CAGR 2015/20 Total
Cooking Ingredients 10.9 1.6 8.3

- Bouillon 8.6 -5.5 -24.8
-- Stock Cubes and Powders 8.6 -5.5 -24.8
- Dry Sauces 19.0 17.1 120.5
- Herbs and Spices 12.0 6.7 38.3
- Monosodium Glutamate 7.6 4.5 24.8
- Pasta Sauces 59.3 34.2 335.7
- Cooking Sauces 10.2 5.9 33.0
Dips - - -
Table Sauces 6.3 2.1 10.9
- Fish Sauces - - -
- Ketchup 5.3 0.6 3.1
- Mayonnaise 5.4 1.7 8.6
- Mustard 7.1 4.6 25.4
- Soy Sauces 8.4 1.7 8.8
Tomato Pastes and Purées 3.7 4.1 22.5
Other Sauces, Dressings and Condiments 15.5 12.5 80.2
Sauces, Dressings and Condiments 7.5 2.3 12.2
Table 5 Sales of Cooking Sauces by Type: % Value 2015-2020
% retail value rsp

2015 2016 2017 2018 2019 2020
Peruvian 98.2 98.1 98.1 98.0 96.3 95.5

Others 1.9 1.9 1.9 2.0 3.7 4.5
Total 100.0 100.0 100.0 100.0 100.0 100.0
Table 6 NBO Company Shares of Sauces, Dressings and Condiments: % Value 2016-
2020
% retail value rsp

Company 2016 2017 2018 2019 2020
Alicorp SAA 35.5 36.0 35.3 35.0 34.4

Ajinomoto del Perú SA 16.2 15.0 14.5 14.3 14.6
Nestlé Perú SA 11.6 10.3 10.3 9.7 9.3
Manufactura de 4.8 5.0 5.1 5.2 5.3
Alimentos SA
Molitalia SA 4.2 4.5 4.7 4.9 4.6
Productos Pit SCRL 2.8 2.9 3.0 3.1 3.2
Unilever Andina Perú SA 2.8 2.8 3.1 3.1 3.1
Kikko Corp SA 2.4 2.3 2.4 2.4 2.4
Sucar SCR Ltda 2.0 2.1 2.2 2.2 2.4
P y M Importaciones SAC 0.9 1.1 1.1 1.3 1.5
Import & Export Tay SA 0.7 0.9 1.0 1.0 1.1
Industria Nacional de 0.7 0.7 0.7 0.7 0.8
Conservas Alimenticias SA
Transformadora Rita SA 0.6 0.5 0.5 0.5 0.5
Kraft Foods Perú SA 0.3 0.3 0.4 0.4 0.4
GW Yichang & Cía SA 0.4 0.4 0.4 0.4 0.4
E Wong SA 0.1 0.1 0.2 0.3 0.4
Multifoods SAC 0.3 0.3 0.3 0.3 0.3
Mondelez Perú SA 0.1 0.2 0.3 0.3 0.3
Productos Encurtidos SA 0.2 0.2 0.2 0.2 0.2
Nestlé Marcas Perú SAC - - 0.1 0.1 0.2
Valle Fertil SAC 0.1 0.1 0.1 0.2 0.2
Procesadora Jorvic SRL 0.1 0.1 0.1 0.1 0.1
KMC International SAC 0.1 0.0 0.1 0.1 0.1
Other Private Label 1.2 1.6 1.7 1.9 2.0
Others 12.0 12.5 12.3 12.3 12.4
Total 100.0 100.0 100.0 100.0 100.0
Table 7 LBN Brand Shares of Sauces, Dressings and Condiments: % Value 2017-2020
% retail value rsp

Brand (GBO) Company (NBO) 2017 2018 2019 2020
Alacena Alicorp SAA 33.7 32.5 31.9 31.0

Doña Gusta Ajinomoto del Perú SA 8.6 8.0 7.6 7.7
(Ajinomoto Co Inc)
Maggi (Nestlé SA) Nestlé Perú SA 8.5 8.5 7.9 7.5
Sibarita Manufactura de 5.0 5.1 5.2 5.3
Alimentos SA
Ajinomoto Ajinomoto del Perú SA 5.0 5.0 5.1 5.1
(Ajinomoto Co Inc)
Molitalia (Empresas Molitalia SA 3.5 3.5 3.6 3.3
Carozzi SA)
Toña Productos Pit SCRL 2.9 3.0 3.1 3.2
Don Vittorio Alicorp SAA 1.9 2.3 2.5 2.7
Kikko Kikko Corp SA 2.3 2.4 2.4 2.4
Kariño Sucar SCR Ltda 2.1 2.2 2.2 2.4
Hellmann's Unilever Andina Perú SA 2.0 2.0 2.0 2.0
(Unilever Group)
Libby's (Nestlé SA) Nestlé Perú SA 1.8 1.8 1.8 1.8
Ajino Sillao Ajinomoto del Perú SA 1.4 1.5 1.6 1.8

(Ajinomoto Co Inc)
Badía (Badia Spices P y M Importaciones SAC 1.1 1.1 1.3 1.5
Inc)
Pomarola (Empresas Molitalia SA 1.0 1.2 1.3 1.3
Carozzi SA)
Knorr (Unilever Unilever Andina Perú SA 0.8 1.1 1.1 1.1
Group)
Sofit Import & Export Tay SA 0.5 0.7 0.8 0.8
Alpesa (Alicorp SAA) Industria Nacional de 0.7 0.7 0.7 0.8
Conservas Alimenticias SA
Tito Transformadora Rita SA 0.5 0.5 0.5 0.5
Kraft (Mondelez Kraft Foods Perú SA 0.3 0.4 0.4 0.4
International Inc)
Tari Alicorp SAA 0.4 0.4 0.4 0.4
Barilla (Barilla E Wong SA 0.1 0.2 0.3 0.4
Holding SpA)
Nicolini Alicorp SAA - - 0.0 0.3
Luren Multifoods SAC 0.3 0.3 0.3 0.3
Tai Import & Export Tay SA 0.3 0.3 0.3 0.3
El Olivar Productos Encurtidos SA 0.2 0.2 0.2 0.2
Compass GW Yichang & Cía SA 0.2 0.2 0.2 0.2
Maggi (Nestlé SA) Nestlé Marcas Perú SAC - 0.1 0.1 0.2
Valle Fertil Valle Fertil SAC 0.1 0.1 0.2 0.2
Kraft (Kraft Heinz Mondelez Perú SA 0.1 0.1 0.1 0.2
Co)
Other Private Label Other Private Label 1.6 1.7 1.9 2.0
(Private Label)
Others Others 12.9 12.8 12.8 13.0
Total Total 100.0 100.0 100.0 100.0
Table 8 Distribution of Sauces, Dressings and Condiments by Format: % Value 2015-

2020
% retail value rsp

2015 2016 2017 2018 2019 2020
Store-Based Retailing 99.9 99.8 99.7 99.5 99.5 97.0

- Grocery Retailers 99.9 99.8 99.7 99.5 99.5 97.0
-- Modern Grocery 18.7 19.7 21.3 22.9 23.8 26.0
Retailers
--- Convenience Stores 0.3 0.4 0.4 0.5 0.6 0.5
--- Discounters 0.1 0.3 0.4 0.6 0.7 0.8
--- Forecourt Retailers - - - - - -
--- Hypermarkets 10.4 10.9 11.6 12.4 12.5 11.8
--- Supermarkets 7.9 8.3 8.8 9.4 10.1 12.8
-- Traditional Grocery 81.2 80.0 78.3 76.6 75.6 71.0
Retailers
--- Food/drink/tobacco - - - - - -
specialists
--- Independent Small 52.2 51.3 49.6 48.0 47.1 49.0
Grocers
--- Other Grocery 29.0 28.8 28.7 28.6 28.6 22.0
Retailers
- Non-Grocery Specialists - - - - - -
-- Health and Beauty - - - - - -
Specialist Retailers
-- Other Foods Non- - - - - - -

Grocery Specialists
- Mixed Retailers - - - - - -
Non-Store Retailing 0.1 0.2 0.3 0.5 0.5 3.0
- Vending - - - - - -
- Homeshopping - - - - - -
- E-Commerce 0.1 0.2 0.3 0.5 0.5 3.0
- Direct Selling - - - - - -
Total 100.0 100.0 100.0 100.0 100.0 100.0
Table 9 Forecast Sales of Sauces, Dressings and Condiments by Category: Volume

2020-2025
tonnes
2020 2021 2022 2023 2024 2025
Cooking Ingredients 5,396.1 5,304.8 5,382.2 5,477.3 5,583.8 5,693.1

- Bouillon 2,371.1 2,319.4 2,344.3 2,376.9 2,413.1 2,450.5
Powders
Fonds
-- Stock Cubes and 2,371.1 2,319.4 2,344.3 2,376.9 2,413.1 2,450.5
Powders
- Dry Sauces 11.0 10.7 10.8 11.2 11.6 12.1
- Herbs and Spices 1,470.7 1,435.2 1,440.8 1,470.8 1,508.9 1,550.8
- Monosodium Glutamate 1,394.7 1,373.8 1,402.1 1,418.2 1,435.9 1,453.1
- Pasta Sauces 123.8 141.2 159.6 175.5 189.2 201.1
- Cooking Sauces 24.7 24.4 24.5 24.7 25.1 25.6
Dips - - - - - -
Table Sauces 16,456.4 16,364.3 16,396.7 16,508.6 16,648.4 16,778.2
- Barbecue Sauces 81.0 86.4 92.5 99.1 106.6 114.8
- Ketchup 2,251.3 2,211.4 2,202.6 2,200.0 2,203.7 2,204.3
- Mayonnaise 8,981.5 8,912.8 8,892.8 8,930.4 8,981.8 9,026.7
- Mustard 760.7 757.9 761.2 767.4 777.1 785.2
- Oyster Sauces 200.8 202.7 205.7 208.5 209.4 211.2
- Salad Dressings 180.0 183.0 187.1 192.2 198.2 204.8
- Soy Sauces 4,001.1 4,010.0 4,054.8 4,111.0 4,171.6 4,231.3
Tomato Pastes and Purées 8,890.3 8,873.7 8,947.8 9,050.7 9,058.3 9,114.3
and Condiments
Sauces, Dressings and 31,027.3 30,825.0 31,016.2 31,337.0 31,605.4 31,917.5
Condiments
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources
Table 10 Forecast Sales of Sauces, Dressings and Condiments by Category: Value

2020-2025
PEN million
2020 2021 2022 2023 2024 2025
Cooking Ingredients 217.7 209.0 211.8 216.7 222.6 228.8

- Bouillon 72.0 69.0 69.9 71.0 72.4 73.8
Powders
Fonds
-- Stock Cubes and 72.0 69.0 69.9 71.0 72.4 73.8
Powders
- Dry Sauces 0.8 0.7 0.8 0.8 0.8 0.9
- Herbs and Spices 112.2 107.0 107.8 110.6 114.3 118.2
- Monosodium Glutamate 27.8 26.9 27.5 27.8 28.2 28.6
- Pasta Sauces 4.3 4.7 5.3 5.8 6.3 6.7
- Cooking Sauces 0.6 0.6 0.6 0.6 0.6 0.6
Dips - - - - - -
Table Sauces 300.4 288.7 287.5 288.0 289.2 290.1
- Barbecue Sauces 2.8 2.9 3.1 3.3 3.6 3.9
- Ketchup 40.7 38.8 38.4 38.3 38.2 38.1
- Mayonnaise 192.2 183.7 181.8 181.3 181.2 180.9
- Mustard 12.2 12.1 12.3 12.5 12.7 12.9
- Oyster Sauces 8.3 8.0 8.1 8.3 8.3 8.4
- Salad Dressings 5.4 5.2 5.3 5.4 5.6 5.7
- Soy Sauces 38.8 37.9 38.4 38.9 39.6 40.2
Tomato Pastes and Purées 101.5 100.6 101.1 102.5 102.4 103.1
and Condiments
Sauces, Dressings and 628.1 606.5 609.0 616.1 623.6 631.9
Condiments
trade sources
Table 11 Forecast Sales of Sauces, Dressings and Condiments by Category: % Volume

Growth 2020-2025
% volume growth
2020/21 2020-25 CAGR 2020/25 Total
Cooking Ingredients -1.7 1.1 5.5

- Bouillon -2.2 0.7 3.3
-- Stock Cubes and Powders -2.2 0.7 3.3
- Dry Sauces -2.7 1.9 9.7
- Herbs and Spices -2.4 1.1 5.4
- Monosodium Glutamate -1.5 0.8 4.2
- Pasta Sauces 14.1 10.2 62.5
- Cooking Sauces -1.2 0.7 3.6
Dips - - -
Table Sauces -0.6 0.4 2.0
- Fish Sauces - - -
- Ketchup -1.8 -0.4 -2.1
- Mayonnaise -0.8 0.1 0.5

- Mustard -0.4 0.6 3.2
- Soy Sauces 0.2 1.1 5.8
Tomato Pastes and Purées -0.2 0.5 2.5
Other Sauces, Dressings and Condiments -1.5 3.2 17.1
Sauces, Dressings and Condiments -0.7 0.6 2.9
trade sources
Table 12 Forecast Sales of Sauces, Dressings and Condiments by Category: % Value

Growth 2020-2025
% constant value growth

2020/2021 2020-25 CAGR 2020/25 Total
Cooking Ingredients -4.0 1.0 5.1

- Bouillon -4.1 0.5 2.5
-- Stock Cubes and Powders -4.1 0.5 2.5
- Dry Sauces -3.9 2.2 11.4
- Herbs and Spices -4.7 1.0 5.3
- Monosodium Glutamate -3.2 0.6 2.9
- Pasta Sauces 10.8 9.5 57.4
- Cooking Sauces -4.4 0.2 0.9
Dips - - -
Pickled Products -1.7 2.0 10.5
Table Sauces -3.9 -0.7 -3.4
- Fish Sauces - - -
- Ketchup -4.8 -1.3 -6.4
- Mayonnaise -4.4 -1.2 -5.8
- Mustard -0.7 1.0 5.3
- Oyster Sauces -3.0 0.3 1.5
- Salad Dressings -2.9 1.3 6.6
- Soy Sauces -2.3 0.7 3.4
Tomato Pastes and Purées -0.9 0.3 1.6
Other Sauces, Dressings and Condiments -3.2 3.3 17.6
Sauces, Dressings and Condiments -3.4 0.1 0.6
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Sauces, Dressings and Condiments in Peru

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Sauces, Dressings and Condiments in Peru

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Sauces, Dressings and

LIST OF CONTENTS AND TABLES

SAUCES, DRESSINGS AND

COVID-19 lockdown boosts consumer demand for sauces, dressings

Health concerns negatively impact some sauces, dressings and

New product innovations seen in 2020 as companies latch onto

RECOVERY AND OPPORTUNITIES

Strong tradition of home-made sauces remains, limiting retail volume

Salad dressings faces growth limitations, with home-made alternatives

Companies will seek to innovate into the forecast period, though

Cooking Ingredients 5,640.9 5,486.4 5,333.7 5,173.8 5,107.5 5,396.1

Table 2 Sales of Sauces, Dressings and Condiments by Category: Value 2015-2020

Cooking Ingredients 200.9 195.5 191.1 192.0 196.2 217.7

Table 3 Sales of Sauces, Dressings and Condiments by Category: % Volume Growth

Cooking Ingredients 5.6 -0.9 -4.3

Tomato Pastes and Purées 3.0 0.9 4.6

Table 4 Sales of Sauces, Dressings and Condiments by Category: % Value Growth

% current value growth

Cooking Ingredients 10.9 1.6 8.3

Table 5 Sales of Cooking Sauces by Type: % Value 2015-2020

% retail value rsp

Peruvian 98.2 98.1 98.1 98.0 96.3 95.5

% retail value rsp

Alicorp SAA 35.5 36.0 35.3 35.0 34.4

% retail value rsp

Alacena Alicorp SAA 33.7 32.5 31.9 31.0

Ajino Sillao Ajinomoto del Perú SA 1.4 1.5 1.6 1.8

Table 8 Distribution of Sauces, Dressings and Condiments by Format: % Value 2015-

% retail value rsp

Store-Based Retailing 99.9 99.8 99.7 99.5 99.5 97.0

-- Other Foods Non- - - - - - -

Table 9 Forecast Sales of Sauces, Dressings and Condiments by Category: Volume

Cooking Ingredients 5,396.1 5,304.8 5,382.2 5,477.3 5,583.8 5,693.1

Table 10 Forecast Sales of Sauces, Dressings and Condiments by Category: Value

2020 2021 2022 2023 2024 2025

Cooking Ingredients 217.7 209.0 211.8 216.7 222.6 228.8

Table 11 Forecast Sales of Sauces, Dressings and Condiments by Category: % Volume

Cooking Ingredients -1.7 1.1 5.5

- Mayonnaise -0.8 0.1 0.5

Table 12 Forecast Sales of Sauces, Dressings and Condiments by Category: % Value

% constant value growth

Cooking Ingredients -4.0 1.0 5.1

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