Food - CIS

Revenue in the Food market amounts to US$369.40bn in 2024. The market is expected to grow annually by 7.17% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$77.54bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$1,513.00 are generated in 2024.
In the Food market, 1.4% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 104.40bn kg by 2029. The Food market is expected to show a volume growth of 2.4% in 2025.
The average volume per person in the Food market is expected to amount to 383.90kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in CIS is facing subdued growth due to various factors such as fluctuating consumer demand, increasing competition, and changing consumer preferences. Despite the presence of diverse sub-markets, the overall market is impacted by the slow adoption of digital technologies, lack of awareness about healthy food choices, and limited availability of convenient online food services. As a result, the market is experiencing moderate growth, with potential for further expansion in the future.

Customer preferences: The rapid growth of e-commerce and digital platforms has greatly impacted The Food market market, with consumers now seeking convenient and time-saving solutions for purchasing and accessing food products. Online grocery shopping and food delivery services have become increasingly popular, especially among busy urban dwellers. This trend is further fueled by the growing focus on health and wellness, as consumers are looking for healthier and more sustainable food options. Additionally, the rise of social media and influencer marketing has led to a higher demand for visually appealing and Instagram-worthy food products.

Trends in the market: In the CIS region, The Food market industry is seeing a rise in online grocery shopping, with more consumers turning to e-commerce platforms for their food needs. In addition, there is a growing trend of using meal delivery services, such as meal kits and food delivery apps, to cater to busy lifestyles. These trends are significant as they cater to the increasing demand for convenience and time-saving solutions. They also have implications for industry stakeholders, as they must adapt to the changing consumer behavior and invest in innovative technologies to stay competitive in the market.

Local special circumstances: In the CIS region, The Food market is heavily influenced by the diverse cultural and culinary traditions of its constituent countries. Russia, for example, has a large market for organic and locally-sourced food products, driven by consumer preferences for natural and sustainable options. In Kazakhstan, the market is shaped by the country's vast agricultural sector, with a strong emphasis on grains, dairy, and meat products. These local factors, combined with the region's growing middle class and increasing demand for convenience, are driving the growth of The Food market in CIS.

Underlying macroeconomic factors: The Food market market is heavily impacted by macroeconomic factors such as consumer spending, inflation rates, and trade policies. In countries with stable economic growth and a strong middle class, the demand for food products is higher, leading to market growth. On the other hand, countries with high inflation rates and trade barriers face challenges in The Food market, as it becomes more expensive to import and export goods. Additionally, the rising global population and changing dietary preferences have also influenced the demand for different types of food products, creating opportunities for market players to innovate and adapt to these trends.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.