Foodservice Market in Russia to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

“Foodservice Market in Russia to 2025” published by the publisher provides extensive insight and analysis of the Russian Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Russia foodservice profit sector contracted at a CAGR of 10.2% from 2015-2020. The adverse impact of the pandemic on restaurants and bars in 2020 played a major role in reducing the number of transactions over foodservice outlets in 2020. With a decline in the economy and an increase in the unemployment rate, consumers’ purchasing power declined in 2020, hampering their spending on dining out. However, the foodservice industry is projected to sharply rebound over the forecast period.

The report includes:

• Overview of Russia's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Russia's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within Russia's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Russian population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• FSR is the largest channel in the Russian foodservice profit sector by revenue, representing 59.1% of total sector revenue in 2020. The QSR is the second most prominent channel, with a market share of 12.6%. FSR’s large market share can be attributed to its unique ambience for special occasions and high popularity across millennials.
• QSR is the largest channel in the Russian foodservice profit sector by revenue, representing 31.9% of total sector revenue in 2020. The workplace is the second most prominent channel, with a market share of 27.9%. QSR’s large market share can be attributed to its high popularity among young and middle-aged consumers owing to its unique ambience and competitive price points.
• The QSR channel led in terms of number of outlets in the country, however recorded a flat growth of 0.02%. Meanwhile, the total number of outlets in the FSR and coffee & tea shop channel declined at a CAGR of 2.3% each, during this period.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2020-2025) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.