Pet Food - Russia

Russia

Revenue in the Pet Food market amounts to €1.84bn in 2024. The market is expected to grow annually by 2.58% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€55,400m in 2024).
In relation to total population figures, per person revenues of €12.79 are generated in 2024.
In the Pet Food market, volume is expected to amount to 1.23bn kg by 2029. The Pet Food market is expected to show a volume growth of 0.3% in 2025.
The average volume per person in the Pet Food market is expected to amount to 8.4kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Pet Food Market in Russia has seen minimal growth, influenced by factors such as limited consumer awareness, lower disposable income, and preference for homemade pet food. Despite this, The Food market in Russia is expected to witness steady growth due to increasing demand for healthy and natural pet food products.

Customer preferences: As more Russians opt for smaller living spaces and apartment living, there has been a rise in demand for compact, convenient pet food options. This has led to an increase in sales for single-serve and on-the-go pet food products, catering to busy urban lifestyles. Additionally, there is a growing preference for natural and organic pet food options, driven by a desire for healthier and more premium choices for beloved pets.

Trends in the market: In Russia, the pet food market is experiencing a shift towards more natural and organic products, driven by consumer demand for healthier options for their furry companions. This trend is expected to continue as owners become more conscious of their pets' nutrition and well-being. This shift presents opportunities for industry stakeholders to expand their product offerings and cater to this growing demand. Additionally, the rise of e-commerce platforms in the country has made it easier for pet owners to access a wider range of pet food options, further driving the market growth.

Local special circumstances: In Russia, the Pet Food market is heavily influenced by the country's harsh climate and vast geography. Due to the extreme weather conditions, pet owners often prioritize high-quality and nutritious food for their pets, leading to a demand for premium pet food products. Additionally, cultural factors, such as the strong bond between Russians and their pets, drive the market towards more natural and organic pet food options. Moreover, strict regulations on pet food imports have also fostered the growth of domestic pet food manufacturers in Russia.

Underlying macroeconomic factors: The Pet Food Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending power, economic growth, and government regulations. Countries with strong economic growth and high disposable incomes are experiencing higher demand for premium pet food products. Additionally, favorable government policies and investments in pet food production and distribution infrastructure are supporting market growth. On the other hand, countries with economic instability and weak regulatory frameworks are facing challenges in the pet food market, leading to slower growth. The increasing trend of pet humanization and the growing pet population are also contributing to the market's growth.

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.