DUBLIN--(BUSINESS WIRE)--The "Top Growth Opportunities: Dairy & Soy Food in Russia" report has been added to Research and Markets' offering.
The report "Top Growth Opportunities: Dairy & Soy Food in Russia" provides recommended actions and detailed analysis of how to target the best growth opportunities for dairy and soy food producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of dairy and soy food markets in Russia.
The Dairy market is expected to benefit from this wider economic recovery, posting a CAGR of 8.7% in the five years to 2021. This follows a period of negative growth in US Dollar terms which saw the market contract 9.6% between 2011 and 2016. A series of tit-for-tat economic and trade sanctions between the EU, US, and Russia in the wake of the Ukraine crisis in 2014, combined with a rapidly depreciating ruble, have actually boosted the development of domestic business by encouraging import substitution and making exports more competitive. Russia is now the world's biggest exporter of grains and produces its own pork and chicken.
Despite negative growth in US Dollar terms in the five years to 2016, Russia's Dairy market is stable and growing steadily, with a value projection of US$28.6 Billion by 2021. This growth is underpinned by several factors, including a modest recovery in household incomes and more favorable business climate for producers and exporters in key industries, such as agriculture and related sectors.
Off-trade Dairy consumption accounts for almost 70% of overall market value, reflecting the trend for at-home consumption in Dairy. Overall US$ market value contracted at a CAGR of -9.59% between 2011 and 2016, reflecting currency movements and reduced consumer spending. Both off- and on-trade consumption recorded negative value growth due to the drastic depreciation of the Russian ruble's position against the US Dollar between 2011 and 2016. Exchange rates aside, market value has grown steadily during this period, and there are opportunities for investment in both areas of the market as household incomes continue their modest recovery after two years of recession.
- X5 Retail Group
- Groupe Lactalis
- Savushkin Product
- Karat Zao
- Hochland AG
- Molvest Zao
- Alekseevskiy MKK
- Domik V Derevn
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