Market Insights Consumer Food Convenience Food

Ready-to-Eat Meals - Russia

Russia

Revenue in the Ready-to-Eat Meals market amounts to €9.57bn in 2024. The market is expected to grow annually by 6.20% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€138bn in 2024).
In relation to total population figures, per person revenues of €66.49 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 1.56bn kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 1.1% in 2025.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 10.3kg in 2024.

Key regions: Russia, United States, United Kingdom, Canada, India

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Analyst Opinion

The Ready-to-Eat Meals Market in Russia is experiencing minimal growth, impacted by factors such as changing consumer preferences, increased competition, and economic uncertainty. Despite this, the Convenience Food Market within the wider Food Market continues to see demand due to its convenience and time-saving benefits.

Customer preferences: The Ready-to-Eat Meals Market within the Convenience Food Market of The Food market has seen a shift towards healthier and more nutritious options. Consumers are now looking for meals that are not only convenient but also align with their health and wellness goals. This trend is driven by a growing awareness of the importance of a balanced diet and the rise of health-conscious consumers. As a result, companies are introducing new products that cater to specific dietary needs, such as plant-based, gluten-free, and low-sugar options. This shift towards healthier choices is also influenced by the increasing focus on sustainable and ethical food production, with consumers seeking out brands that prioritize these values.

Trends in the market: In Russia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing increased demand for healthier and more diverse options. This is driven by a growing awareness of the importance of balanced diets and busy lifestyles. As a result, there is a rise in the availability of ready-to-eat meals that cater to specific dietary needs, such as gluten-free or vegan. Additionally, there is a trend towards incorporating traditional Russian ingredients and flavors into these meals, appealing to consumers' desire for local and authentic options. This trajectory of offering healthier and more diverse options is significant for industry stakeholders as it allows them to tap into a growing market segment and meet evolving consumer preferences. It also presents opportunities for innovation and differentiation within the market. However, it also poses challenges in terms of maintaining quality and freshness of ingredients in these ready-to-eat meals. As such, industry players must prioritize investments in supply chain and packaging solutions to ensure the success of this trend.

Local special circumstances: In Russia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's vast geographical expanse and diverse cultural traditions. The unique climate and landscape of different regions in Russia dictate the availability of certain ingredients and the types of dishes that are popular. Additionally, the strict food regulations and labeling requirements in the country also play a significant role in shaping the market, as Russian consumers prioritize food safety and quality. These factors contribute to the constantly evolving dynamics of the Ready-to-Eat Meals Market in Russia.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Russia is influenced by various macroeconomic factors. The country's economic health, fiscal policies, and global economic trends play a crucial role in shaping the performance of the market. For instance, favorable fiscal policies and economic stability can lead to increased consumer spending and drive market growth. On the other hand, economic downturns and regulatory challenges can hinder market growth. Additionally, factors like rising disposable income, changing lifestyles, and a growing urban population are also driving the demand for convenient and ready-to-eat meals in Russia.

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.