Russia Cheese Market Research Report, 2027

Russia Cheese Market Research Report, 2027

Actual Market Research 30-11-2022 58 Pages Figures : 6 Tables : 19 Region : Europe Country : Russia Category : Food & Beverages Food

Cheese is not traditionally popular in Russia; this is owing to national traditions, as well as minimal cheese involvement as an ingredient in national cuisine dishes. However, the active expansion of foreign, primarily European national cuisines into the restaurant industry, the expansion of the product range in the food retail industry, and the growth of outbound tourism have all contributed to a steady trend of increasing demand for this product, making it popular and even "fashionable." The choice of cheese on the Russian market was drastically decreased in the initial years following the food embargo. Domestic manufacturers, on the other hand, have increased their production of cheese products during the last two years. It is now well entrenched in the diet of the modern Russian consumer. The Russian cheese market is always changing; the variety of varieties available and the wide price range make cheese a product accessible to all sectors of the population. Tvorog is the most popular cheese in Russia. Other types of cheese consumed in Russia include Gollandsky cheese, Rossiysky cheese, Kostromskoy cheese, Poshekhonsky cheese, Sovietsky cheese, Uglichsky cheese, Druzhba processed cheese, Sausage cheese, Adygeisky cheese, and Osetinsky. According to the report, "Russia Cheese Market Research Report, 2027," published by Actual Market Research, the market is anticipated to add USD 1.78 Billion by 2027. The increased spending power of consumers in developed economies is also expected to boost cheese sales. Furthermore, changing food preferences and an increasing number of working women are expected to fuel expansion potential in the Cheese market. Furthermore, increased consumption of pizza and other European-style fast foods appears to be one of the main trends, particularly among young people, to expand sales potential for cheese. The increasing demand for various product flavors in local cuisines drives the Russia cheese industry. Aside from that, rising consumption of authentic regional cheese in the region is fueling market expansion. Furthermore, the rising premiumization of cheese by several regional brands is supporting market expansion. Supermarkets and hypermarkets dominate the Russia Cheese Market due to the convenience of having all products in one area and many selections at the same time. Magnit, Pyaterochka, Dixy, Lenta, and Auchan are the largest hypermarkets and supermarkets in Russia. Magnit is one of the largest supermarket chains in Russia. In 2021, they had 25,315 outlets across the country. In recent years, there has been a tremendous increase in internet usage and the use of e-commerce websites to acquire culinary items that include cheese. Carrefour, Walmart, Amazon, and other well-known vertical specialists are attracted to the market. Russia has a population of 143.4 million people, with 66.50 million men and 76.90 million women. A total of 49.80 million people, or the majority of the population, are between the ages of 18 and 44. Inhabitants dwell in metropolitan areas, whereas rural areas have 35.85 million people. Russia is anticipated to have a GDP of $1.78 trillion USD, an inflation rate of 6.7%, and a per capita income of $12,172.8, according to the World Bank. When it comes to cheese consumption, poverty is thought to be the most serious concern. In 2021, an estimated 17.8 million Russians would be living below the official poverty threshold of 11,329 rubles (US$154) per month. The country's consumption of cheese is being impacted by Russia's continuing population decline as a result of Covid-19 causalities. The increase in the average price of raw milk sold by agricultural producers of all types is a key barrier to the growth of the cheese business in Russia. The cost of cow's milk increased by 83, 34% on average during seven years. The rise is approximately 63.14% in the Siberian Federal District and 83.84% in the Altai region. This has an immediate impact on rising milk production costs as well as selling and retail prices for completed goods, such as cheese (the correlation coefficient between the prices of raw milk and prices for rennet cheese is 0.98 in the period 2011-2015). Due to this, it cannot compete in price with imported cheese. Given the drop in real disposable income in Russia, the population's preferences are shifting toward less expensive dairy products, which cheese cannot be by definition. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Russia • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Russia Cheese market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty Stores • Online retail • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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