Market Size of Russia Foodservice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 28.91 Billion |
| Market Size (2029) | USD 43.36 Billion |
| CAGR (2024 - 2029) | 8.44 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Russian Foodservice Market Analysis
The Russia Foodservice Market size is estimated at USD 28.91 billion in 2024, and is expected to reach USD 43.36 billion by 2029, growing at a CAGR of 8.44% during the forecast period (2024-2029).
- Over the medium term, consumer demand for different delicacies may foster the market's growth. With increasing busy schedules and rising household budgets, consumers are willing to taste a variety of non-native food recipes and novel cuisines, resulting in increasing demand for out-of-home food in the country. Restaurants offer diversified and dedicated cuisine types that attract consumers to visit frequently. Moreover, the growing promotional offers like happy hours and coupon discounts drive market sales. These services are especially given or offered on breakfasts, lunches, and dinners on an occasional basis to attract consumers to visit frequently.
- The increasing number of fast-food chains, cafes/bars, and other restaurants with unique, innovative formats, concepts, and services/delivery options also positively drives the market's growth. Consumers visit these food service establishments for food and to hang out with peers and their companions. This encourages the players in the market to decorate or install 'Instagrammable' and unique themes at their restaurants and retail food establishments, thus, attracting the consumers to visit these places for their ambiance.
