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Ready Meals continue their reign over the Russian Prepared Meals Sector

02 July 2013

All food sectors in Russia will show growth over the next five years. This is due to Russia’s economy continuing to grow following the global economic crisis. Prepared Meals are growing at a CAGR (Compound Annual Growth Rate) of 7.7% to 2017. Volumes will grow at a CAGR of 7.3%.

The Ready Meals category is the largest in the sector. It had value and volume shares of 93.4% and 94.7% in 2012. With a value CAGR of 7.8% and volume CAGR of 7.4%, it will display the highest growth of the sector to 2017.

In comparison, Meal Kits and Pizza Categories held minor share of the sector in 2012. Value shares of 2.9% for Meal Kits and 3.6% for Pizza, and a volume share of 2.7% each. Meal Kits will show higher growth than Pizza over the next five years, at a value CAGR of 6.7% and volume CAGR of 6.4% between 2012 and 2017.

 

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