Market Forecast By Products (Artisanal and in-store bakeries, Packaged/industrial products), By Types (Cakes, Frozen Cakes & Pastries, Pastries, Sweet Pies), By Sector (Food Service, Retail), By Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Specialist Retailers, Artisanal Bakeries, Online Retailers, Others) And Competitive Landscape
Product Code: ETC019232 | Publication Date: Nov 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The market for pastries and cakes is very competitive. There are many different brands vying for market share. As a result, prices have been dropping in recent years. Despite the competitive nature of the market, there is still room for growth. This is due to the large population of Russia and the fact that many people are still unfamiliar with some of the more sophisticated types of pastries and cakes. The Russia Pastries And Cakes Market is a part of global pastries and cakes market.
According to 6Wresearch, the Russia Pastries And Cakes Market size is likely to witness growth during 2022-28. In Russia, the market for pastries and cakes is growing rapidly. This is due to the increasing number of people with a sweet tooth and the availability of more sophisticated baking products. Additionally, the market is driven by factors such as the increasing popularity of baking among consumers, the growing disposable incomes of consumers, and the expansion of retail channels. However, the high cost of raw materials is expected to restraint market growth during the forecast period. The Russia Pastries And Cakes Market is driven by several factors. One of the most important drivers is the growing popularity of Western-style pastries and cakes. As more Russians travel abroad and are exposed to foreign cultures, they are increasingly interested in trying new foods from other countries. This trend has led to a growing demand for Western-style pastries and cakes in Russia. Another driver of the Russia Pastries And Cakes Market is the increasing disposable income of Russian consumers. As living standards improve, Russians have more money to spend on luxury items like pastries and cakes. There are also several constraints that impact the Russia Pastries And Cakes Market. One of the most significant constraints is the high price of imported ingredients. Western-style pastries and cakes often contain expensive ingredients like butter, eggs, and flour that must be imported from other countries. This makes them very costly to produce in Russia. In addition, many Russians are unfamiliar with Western-style pastries and cakes. This lack of familiarity can make them hesitant to try new products. As a result, companies need to invest heavily in marketing and education in order to convince Russians to try their products.
The Russia Pastries And Cakes Market is segmented by product type into cakes, cookies, pastries, and others. The cakes segment is expected to hold the largest market share of the market during the forecast period. The cookies segment is projected to grow at the highest rate during the forecast period. The cookies hold the highest market share.
The retail channels segment is further classified into supermarkets/hypermarkets, convenience stores, specialty stores, online retailers, and others. The supermarkets/hypermarkets segment is expected to hold the largest share of the Russia Pastries And Cakes Market during the forecast period. The convenience stores segment is projected to grow at the highest CAGR during the forecast period.
In the initial years of the outburst of Covid-19 pandemic, the market has witnessed slump. The economic crisis in Russia, which started in 2014, led to a decline in disposable incomes and spending on confectionery products. In addition, the import of confectionery products into Russia declined during the review period due to the sanctions imposed by the Russian government on several countries, including the EU, US, Canada, Norway and Australia. This had a negative impact on the sales of foreign confectionery brands in Russia.
Major players operating in the Russia Pastries And Cakes Market are:
The report delivers a widespread study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Russia Pastries and Cakes Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia Pastries and Cakes Market Revenues & Volume, 2021 & 2028F |
3.3 Russia Pastries and Cakes Market - Industry Life Cycle |
3.4 Russia Pastries and Cakes Market - Porter's Five Forces |
3.5 Russia Pastries and Cakes Market Revenues & Volume Share, By Products, 2021 & 2028F |
3.6 Russia Pastries and Cakes Market Revenues & Volume Share, By Types, 2021 & 2028F |
3.7 Russia Pastries and Cakes Market Revenues & Volume Share, By Sector, 2021 & 2028F |
3.8 Russia Pastries and Cakes Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
4 Russia Pastries and Cakes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Russia Pastries and Cakes Market Trends |
6 Russia Pastries and Cakes Market, By Types |
6.1 Russia Pastries and Cakes Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Russia Pastries and Cakes Market Revenues & Volume, By Products, 2016 - 2028F |
6.1.3 Russia Pastries and Cakes Market Revenues & Volume, By Artisanal and in-store bakeries, 2016 - 2028F |
6.1.4 Russia Pastries and Cakes Market Revenues & Volume, By Packaged/industrial products, 2016 - 2028F |
6.2 Russia Pastries and Cakes Market, By Types |
6.2.1 Overview and Analysis |
6.2.2 Russia Pastries and Cakes Market Revenues & Volume, By Cakes, 2016 - 2028F |
6.2.3 Russia Pastries and Cakes Market Revenues & Volume, By Frozen Cakes & Pastries, 2016 - 2028F |
6.2.4 Russia Pastries and Cakes Market Revenues & Volume, By Pastries, 2016 - 2028F |
6.2.5 Russia Pastries and Cakes Market Revenues & Volume, By Sweet Pies, 2016 - 2028F |
6.3 Russia Pastries and Cakes Market, By Sector |
6.3.1 Overview and Analysis |
6.3.2 Russia Pastries and Cakes Market Revenues & Volume, By Food Service, 2016 - 2028F |
6.3.3 Russia Pastries and Cakes Market Revenues & Volume, By Retail, 2016 - 2028F |
6.4 Russia Pastries and Cakes Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Russia Pastries and Cakes Market Revenues & Volume, By Convenience Stores, 2016 - 2028F |
6.4.3 Russia Pastries and Cakes Market Revenues & Volume, By Supermarkets and Hypermarkets, 2016 - 2028F |
6.4.4 Russia Pastries and Cakes Market Revenues & Volume, By Specialist Retailers, 2016 - 2028F |
6.4.5 Russia Pastries and Cakes Market Revenues & Volume, By Artisanal Bakeries, 2016 - 2028F |
6.4.6 Russia Pastries and Cakes Market Revenues & Volume, By Online Retailers, 2016 - 2028F |
6.4.7 Russia Pastries and Cakes Market Revenues & Volume, By Others, 2016 - 2028F |
7 Russia Pastries and Cakes Market Import-Export Trade Statistics |
7.1 Russia Pastries and Cakes Market Export to Major Countries |
7.2 Russia Pastries and Cakes Market Imports from Major Countries |
8 Russia Pastries and Cakes Market Key Performance Indicators |
9 Russia Pastries and Cakes Market - Opportunity Assessment |
9.1 Russia Pastries and Cakes Market Opportunity Assessment, By Products, 2021 & 2028F |
9.2 Russia Pastries and Cakes Market Opportunity Assessment, By Types, 2021 & 2028F |
9.3 Russia Pastries and Cakes Market Opportunity Assessment, By Sector, 2021 & 2028F |
9.4 Russia Pastries and Cakes Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
10 Russia Pastries and Cakes Market - Competitive Landscape |
10.1 Russia Pastries and Cakes Market Revenue Share, By Companies, 2021 |
10.2 Russia Pastries and Cakes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |