Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Russia

Russia

Revenue in the Other Cereal Products market amounts to €4.11bn in 2024. The market is expected to grow annually by 5.61% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€14,030m in 2024).
In relation to total population figures, per person revenues of €28.54 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 1.20bn kg by 2029. The Other Cereal Products market is expected to show a volume growth of 0.4% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 8.1kg in 2024.

Key regions: Canada, Spain, South Korea, United States, Japan

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Analyst Opinion

The Other Cereal Products Market in Russia has seen steady growth, with minimal growth rate due to factors such as increasing health consciousness and the convenience of online services. This market is part of the Bread & Cereal Products Market within The Food market in Russia nan.

Customer preferences: With the rise of health and wellness trends in Russia, there has been a significant increase in demand for alternative cereal products such as quinoa, buckwheat, and amaranth. This can be attributed to the growing popularity of gluten-free and plant-based diets among health-conscious consumers. Additionally, there has been a shift towards buying organic and locally sourced cereals, reflecting a desire for more sustainable and natural food options.

Trends in the market: In Russia, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is seeing a rise in demand for healthier and more diverse cereal options, such as gluten-free and organic products. This trend is driven by increasing health consciousness among consumers and the growing popularity of specialty diets. As a result, industry players are focusing on developing innovative and premium cereal products to cater to shifting consumer preferences. This trend is expected to continue, presenting opportunities for growth and differentiation in the market.

Local special circumstances: In Russia, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is influenced by the country's cultural affinity for traditional food products. This includes a high demand for locally-grown and organic grains, as well as a preference for artisanal bread and cereal products. Additionally, government regulations on food labeling and production standards have a significant impact on consumer purchasing decisions. The Russian market also experiences seasonality in demand, with a surge in sales during the winter months due to the tradition of consuming hearty and warming cereal-based dishes during this time.

Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Russia is also influenced by macroeconomic factors such as government policies, trade agreements, and consumer spending. As Russia's economy continues to recover from the 2014 recession, the country's increasing GDP and rising consumer confidence are driving demand for cereal products. Additionally, the Russian government's push for self-sufficiency in food production and support for domestic agricultural industries is creating growth opportunities for local cereal product manufacturers.

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.