Russia: New report analysing the foodservice sector now available
Foodservice market in the regions of Russia still relatively underdeveloped
ReportBuyer.com the leading website for market research reports has added a new Consumer Foodservice in Russia. The 135 page report notes that prior to the economic downturn consumer foodservice in Russia saw double-digit growth. The recession strongly influenced the market leading to negative 3% growth of sales in current value terms in 2008. The market was already showing signs of recovery in 2010, and continued to post confident growth in terms of current sales throughout 2011. Returning consumer confidence brought back Russians’ pre-crisis eating-out habits although the market has not yet returned to its pre-crisis growth rate.
Throughout 2011 more and more local as well as international chained players on the Russian foodservice market announced further regional expansion. Currently the largest cities in Russia, Moscow and St. Petersburg, account for shares of 41% and 15% in terms of chained outlets on the overall consumer foodservice market. High operational costs in Moscow and St. Petersburg, and the fact that the foodservice market in both cities is highly saturated, forces the main players to consider regional expansion in order to sustain their share. Foodservice market in the regions of Russia is still relatively underdeveloped, and has strong potential for further growth.
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