Processed Meat - Russia

Russia

Revenue in the Processed Meat market amounts to €16.59bn in 2024. The market is expected to grow annually by 8.56% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€39bn in 2024).
In relation to total population figures, per person revenues of €115.20 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 2.25bn kg by 2029. The Processed Meat market is expected to show a volume growth of 2.9% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 13.4kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Processed Meat Market within the Meat Market in Russia is facing subdued growth due to factors such as rising health concerns among consumers and increasing competition from alternative protein sources. However, the market is also being driven by the convenience and variety offered by sub-markets such as Ham & Bacon, Sausages, and Cold & Roast Meat Products. Despite the challenges, the overall market is expected to experience steady growth in the coming years.

Customer preferences: The processed meat market in Russia has seen a noticeable shift towards healthier and more sustainable options. This is driven by an increasing awareness of the negative health effects of processed meats and a growing interest in plant-based diets. Additionally, the rise of ethical consumerism has led to a demand for meat alternatives that are produced without animal cruelty or environmental harm. This trend is expected to continue as consumers become more conscious of the impact of their food choices on their health and the planet.

Trends in the market: In Russia, the Processed Meat Market of the Meat Market within The Food market is experiencing a rising demand for healthier and more sustainable options. With growing concerns over the environmental impact and health risks of traditional meat production, consumers are turning towards plant-based and alternative protein sources. This trend is expected to continue, with the market projected to reach a value of $XX billion by 2025. This shift towards healthier and more environmentally friendly options presents opportunities for industry stakeholders to innovate and meet the changing demands of consumers.

Local special circumstances: In Russia, the Processed Meat Market within the Meat Market of The Food market is heavily influenced by the country's rich culinary traditions and preference for preserved foods. Additionally, strict regulations on imported meat products have fueled demand for locally produced processed meats. Furthermore, the vast geographical expanse of the country has led to varying tastes and preferences, resulting in a diverse range of processed meat products catering to different regional markets.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Russia is greatly impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. The overall economic health of the country, including GDP growth, inflation rates, and unemployment rates, can significantly influence the demand for processed meat products. Fiscal policies, such as import tariffs and subsidies, also play a crucial role in shaping the market landscape. Moreover, with the growing awareness of healthy eating and sustainable food production, consumers' preferences for natural and organic processed meat products are increasing, creating opportunities for market players to innovate and cater to these changing demands.

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.