The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Over our forecast period to 2020, we believe Peru's retail sector will continue experiencing
constant growth, stemming from substantial household spending growth. Positive investing into the
development of retail space such as shopping malls will boost the growth outlook for modern retailing and
increase Peru's attractiveness to foreign retailers looking to expand in the region.
Key Trends & Developments
? Pedro Pablo Kuczynski won the runoff of the Peruvian presidential election - edging out Keiko Fujimori,
the daughter of Peru's former controversial president Alberto Fujimori, by a quarter of a percentage point
in June. Kuczynski is expected to follow a pro-market agenda with a strong focus on modernising the
public sector and curbing corruption. However, his initiatives will be challenged in Congress, where his
party will have less than 15% of all seats.
? Shopping centre construction pipeline remains active thanks to Cencosud, Mall Aventura Plaza and E.
Wong announcing new projects in Lima, Arequipa, Tacna and other towns. E. Wong's plan comes after
opening Mall del Sur, a USD200mn shopping centre in Lima, in March 2016.