2014-02-10 19:33:02 - The Future of the Confectionery Market in Russia to 2017 - a new market research report on companiesandmarkets.com
The Russia confectionary market is suggested to have reached a value of just over RUB 300 billion at the beginning of 2007, and is estimated to have totalled just under RUB 400 billion by the start of 2012. It is forecast that by 2017 the value of the Russia confectionary market will be around RUB 520 billion.
The industry is suggested to have grown at a CAGR growth rate of around 4.95% between 2007 and 2012, and is forecast to witness an increase in growth over the forecast period, growing 5.41% between 2012 and 2017.
In terms of categories, ´Chocolate´ is forecast to continue as the largest sector in the industry, and will be valued at over RUB 400 billion by 2017.
The second largest category, ´Sugar Confectionary´ will be worth around RUB 80 billion by 2017. The fastest growing category is suggested to be ´Gum´, which will grow at a CAGR growth rate of over 5.9% between 2012 and 2017.
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