Food & Beverage Market Research News

Russian foodservice market insights shared in detailed report

Food & Beverage Market Research

Russia’s foodservice market grew at a CAGR of 2.5% from 2013-2015. Despite collapsing oil prices, the strong growth in GDP per capita has helped to encourage greater visits to the market.

Russia The Future of Foodservice to 2020", published by GlobalData provides extensive insight and analysis of the Russian foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.

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Companies Mentioned:
McDonald's Corporation
Restaurant Brands International
Burger King
Yum! Brands
Doctor's Associates
The Ginza
Il Patio
Novikov Group
Coffee House
Kofe Khauz
Traveler's Coffee
Coffeeshop Company

As a result, growth is expected to expand until 2020. The majority of this growth will remain in affluent urban areas, with incomes in rural areas remaining far lower, creating difficulties for foodservice expansion in these areas.

QSR leads transactions, accounting for over a quarter of all transactions in 2015. Increasing interest in healthy indulgence, delivery and the continued growth in technology in foodservice are all disrupting traditional players.

The report includes
Overview of the Russian macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Russian 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 Shops, Pubs, Clubs and Bars) 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.
Case Studies: Learn from examples of recent successes and failures within the Russian foodservice market.

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Price pressures are putting the squeeze on consumers and while they remain cautious, profit sector foodservice continues to grow. In fact, growth is set to accelerate until 2020, with QSR remaining the dominant force.
The urban/rural divide continues to be a major obstacle to expansion of foodservice outside of cities. Depressed wages in many parts of Russia and rising prices have helped to encourage a lot of workplace foodservice.

This has made workplaces the second largest profit sector channel in Russia.
Technology is becoming more important in Russian foodservice, helping to drive the already growing delivery sector. This trend is clashing with the desire for lower price points and encouraging operators to improve their offers to meet the unique mix of Russian demands.

What this report offers
Specific forecasts of the foodservice market over the next five years (2015-2020) 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 shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Russia's foodservice market.

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