Peru is the world's leading consumer of panettone, a traditional Christmas cake, consuming about 1.1 kilograms per person per year, which is more than Italy. However, Brazil is the largest producer of panettone, with Bauducco being the world's largest producer. Panettone is a popular gift in Brazil and is exported to North America. Peruvian panettone brands like D'Onofrio and Gloria are also gaining popularity, with the United States being the primary market for Peruvian panettone. The price of panettone in Peru varies depending on the ingredients and the manufacturer.