Market Size of Russia Food Sweetener Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.12 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Russia Food Sweetener Market Analysis
Russia Food Sweetener Market is projected to grow at a CAGR of 5.12% during the forecast period (2020-2025).
- More than 70% of the market share in the European food sweetener market is held by sugar. The food sweetener market is majorly affected by the volatility in prices, trade, consumer habits and regulation in the European region.
- Currently, the consumption of sugar substitutes is increasing rapidly in Russia. This is attributed to consumer awareness, government regulation to reduce sugar consumption and application in many health & wellness food products in the market.