The Russia confectionery market size reached 4.1 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 6.2 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.10% during 2024-2032. The market is driven by increasing domestic production capacities, expanding export opportunities, a growing preference for premium and locally produced confections, and strategic partnerships with the governments of other countries, boosting regional sales and market presence.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | 4.1 Million Tons |
Market Forecast in 2032 | 6.2 Million Tons |
Market Growth Rate 2024-2032 | 4.10% |
Growing Domestic Consumption
One of the major factors driving the Russian confectionery market is the increasing domestic consumption of confectionery products. According to industry reports, the average confectionery consumption per person in Russia is 26.3 kg. Flour-based products such as biscuits, wafers, and similar items make up more than half of the domestic consumption. Chocolate and chocolate-related products, including candies, rank second, while sugary treats like marmalade, marshmallow, and caramel hold the third position. As economic conditions stabilize, consumer spending power has improved, leading to a higher demand for sweets, chocolates, and other confectionery items. The cultural affinity for confectionery, especially during holidays and special occasions, further fuels this demand.
Expanding Export Markets
Expanding export markets play a crucial role in driving the growth of the Russian confectionery market. Russian confectionery products, particularly chocolate, are gaining popularity in international markets, with strong demand from neighboring countries like China, Kazakhstan, Belarus, and Uzbekistan. For instance, according to industry reports, in 2023, Russian confectionery companies expanded their export reach to 93 countries, up from 90 countries in 2022. Between January and September 2023, they exported 452,000 tonnes of confectionery products valued at over $1.2 billion. The industry is on track to meet its export goals for the year, with expectations to increase exports to $1.65 billion-$1.7 billion by the end of 2023, as compared to $1.6 billion in 2022. The sector is focusing on Southeast Asia and other promising markets, with the Moscow region’s Volshebnitsa confectionery factory already exporting to 17 countries and planning further expansion in 2024. This expansion is supported by favorable government policies, such as trade agreements and export incentives, which enhance the global competitiveness of Russian confectionery products. As these markets continue to grow, they provide a significant boost to the overall demand for Russian confectionery, solidifying exports as a key area of focus for the industry.
Ongoing Innovation and Product Diversification
Innovation and product diversification are crucial drivers of the Russian confectionery market. Companies are continually developing new products and improving existing ones to meet changing consumer tastes and preferences. There is a growing trend toward healthier options, including sugar-free and organic products, which cater to health-conscious consumers. Additionally, the introduction of premium and artisanal confectionery items has attracted a segment of consumers willing to pay more for high-quality products. For instance, in November 2023, SELL-Service introduced grated cocoa to the Russian market, selling over 160 tons and generating ₽66 million ($740,949) in revenue. Moreover, seasonal and limited-edition products also play a significant role in driving sales, especially during festive periods. This focus on innovation not only keeps existing customers engaged but also helps in attracting new consumers, thereby supporting overall market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, age group, price point, and distribution channel.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes hard-boiled sweets, mints, gums and jellies, chocolate, caramels and toffees, medicated confectionery, fine bakery wares, and others.
Age Group Insights:
A detailed breakup and analysis of the market based on the age group have also been provided in the report. This includes children, adult, and geriatric.
Price Point Insights:
A detailed breakup and analysis of the market based on the price point have also been provided in the report. This includes economy, mid-range, and luxury.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, online stores, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Central District, Volga District, Urals District, Northwestern District, Siberian District, and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Hard-Boiled Sweets, Mints, Gums and Jellies, Chocolate, Caramels and Toffees, Medicated Confectionery, Fine Bakery Wares, Others |
Age Groups Covered | Children, Adult, Geriatric |
Price Points Covered | Economy, Mid-Range, Luxury |
Distribution Channels Covered | Supermarkets And Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Online Stores, Others |
Regions Covered | Central District, Volga District, Urals District, Northwestern District, Siberian District, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |