Food - Russia | Statista Market Forecast

Food - Russia

Russia

Highlights

Revenue in the Food market amounts to US$253.20bn in 2024. The market is expected to grow annually by 6.93% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$53.39bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$1.76k are generated in 2024.
In the Food market, 1.3% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 61.06bn kg by 2029. The Food market is expected to show a volume growth of 1.4% in 2025.0.
The average volume per person in the Food market is expected to amount to 393.10kg in 2024.

Key regions:

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 definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Russia is experiencing subdued growth due to various factors such as changing consumer preferences, economic conditions, and government policies. The market is segmented into various sub-markets such as dairy products, meat, fruits, and convenience food, with each facing unique challenges and opportunities. The increasing demand for healthier food options and the convenience of online shopping are driving the growth of the market. However, factors such as rising costs and supply chain disruptions are impacting the overall growth rate of the market.

Customer preferences: In Russia, there has been a noticeable increase in demand for locally sourced and organic food products, driven by a growing awareness of the benefits of sustainable and healthy eating. This trend is particularly evident among younger generations, who are more health-conscious and environmentally aware. Additionally, there has been a rise in popularity of online grocery shopping, as consumers seek convenience and safety during the ongoing pandemic. This shift towards online food purchasing is also fueled by the availability of a wider range of products and competitive pricing.

Trends in the market: In Russia, The Food market is experiencing a surge in online ordering and delivery services, as consumers seek convenience and safety amid the COVID-19 pandemic. This trend is expected to continue in the coming years, with a projected growth of 10.9% in the online food delivery market by 2024. This shift towards digital channels is significant for industry stakeholders, as it presents new opportunities for expansion and innovation. However, it also poses challenges, such as increased competition and the need for efficient logistics and delivery systems. As the market continues to evolve, it will be crucial for companies to stay adaptable and responsive to changing consumer preferences in order to maintain a competitive edge.

Local special circumstances: ' In Russia, The Food market is heavily influenced by the country's vast geographical expanse and diverse cultural heritage. With a significant portion of the population living in remote areas, online food delivery services have gained immense popularity, providing access to a wide range of cuisines and ingredients. Additionally, government regulations on food safety and import restrictions have shaped the market, promoting the consumption of locally sourced produce. This unique combination of factors has created a highly competitive landscape for both traditional and online food retailers, driving innovation and growth in the market.

Underlying macroeconomic factors: The Food market in Russia is heavily impacted by macroeconomic factors, such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's economic growth and stability play a significant role in the performance of The Food market. Government policies, such as import/export regulations and taxes, also have a direct impact on the market. Additionally, fluctuations in the value of the Russian ruble and inflation rates can affect consumer purchasing power and, in turn, impact the demand for food products. Moreover, changes in consumer preferences and behaviors, influenced by economic factors, can also shape The Food market landscape in Russia.

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.