Leading food retailers in Russia 2022, by market share
The X5 Retail Group, which includes Pyaterochka, Perekrestok, and Karusel brands, had the largest share in the Russian food retail market at over 13 percent in 2022. The group reported a revenue of over 2.6 trillion Russian rubles in that year, having earned 18 percent more than in 2021.
Magnit in European and global rankings
Magnit, the second-leading food retailer in Russia, accounted for a 10.6-percent share in the country’s food retail market. With a forecast revenue of almost 39 billion euros in 2023, it ranks 10th among Europe’s highest-earning food retail companies in 2023. Furthermore, Magnit is one of the largest employers worldwide, counting 357,000 staff as of 2022. The company was founded in 1994 and has its headquarters in Krasnodar.
Russian e-grocery market leaders
Online grocery shopping has become a habit of many Russians, and some of the leading food retailers are also among the highest-earning e-grocery providers, such as VkusVill, SberMarket, and the X5 Group. Pyaterochka’s mobile app became the world’s seventh most downloaded food delivery and takeout app in 2022 after it was installed around 21.5 million times.