Dairy Products & Eggs - Russia

Russia

Revenue in the Dairy Products & Eggs market amounts to €32.61bn in 2024. The market is expected to grow annually by 7.79% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€161bn in 2024).
In relation to total population figures, per person revenues of €226.50 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 8,535.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 1.0% in 2025.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 56.5kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Dairy Products & Eggs Market in Russia is facing subdued growth due to factors such as low consumer spending, changing dietary preferences, and competition from milk and yogurt substitutes. However, increasing health awareness and convenience of online services may drive growth in the long term.

Customer preferences: As health and wellness become increasingly important to consumers in Russia, there has been a rise in demand for organic and locally sourced dairy products and eggs. This trend is driven by a growing awareness of the health benefits of these products, as well as a desire to support local farmers and reduce carbon footprint. Additionally, there has been a shift towards plant-based dairy alternatives, driven by the rise of veganism and lactose intolerance.

Trends in the market: In Russia, the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and natural products. This trend is driven by consumers' growing awareness and concern for food safety and quality. As a result, major dairy companies are investing in organic and natural production methods to meet this demand. This trend is expected to continue, with an increasing number of consumers opting for healthier and more sustainable food options. This has significant implications for industry stakeholders, as they must adapt their production processes and marketing strategies to capitalize on this trend and remain competitive in the market.

Local special circumstances: In Russia, the Dairy Products & Eggs market is heavily influenced by the country's vast landmass and its diverse climate, leading to varying production capacities and preferences among different regions. Additionally, cultural factors such as the traditional consumption of dairy products in Russian cuisine and the growing health consciousness among consumers have shaped the market dynamics. Furthermore, strict government regulations pertaining to food safety standards and import restrictions also play a significant role in shaping the market landscape.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Russia is heavily influenced by macroeconomic factors such as overall economic growth, consumer spending, and government policies. The country's increasing urbanization, rising disposable income, and changing dietary preferences are driving the demand for dairy products and eggs. Additionally, the government's efforts to modernize and streamline the agriculture sector, along with increasing investments in food processing technologies, are expected to boost market growth. However, challenges such as fluctuating commodities prices and trade regulations may impact the market negatively.

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.