Food & Beverages

Russian Foodservice: The Future of Foodservice in Russia to 2016

  • CAN64026
  • 215 Pages
  • July 2012
  • Food & Beverages
Synopsis
This report provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies.
Scope
This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Russia.

This report provides readers with in-depth data on the valuation and development of both the profit and cost sectors in the Russian foodservice market.

This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet, and transactions per outlet per week, across nearly 50 sub-channels.

This report provides highly granular future forecasts and historic market data to aid market and strategic planning.

This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
Summary
Why was the report written?
This report is the result of Canadeans extensive market and company research covering the Russian foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry, and Russias business environment and landscape.Russian Foodservice: The Future of Foodservice in Russia to 2016 provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Russian foodservice value chain, and for new companies considering entering the market.

What is the current market landscape and what is changing?
In spite of the global economic crisis, the Russian foodservice industry has been growing steadily. Strong global oil prices, service industry growth and reformations in immigration policies have enormously supported the expansion of the Russian foodservice industry.

What are the key drivers behind recent market changes?
Changes in household structure and the increase in employment are creating a shift towards fast food. Additionally, growing health awareness and obesity concerns are helping to develop healthier and more nutritious eating habits.

What makes this report unique and essential to read?
Russian Foodservice: The Future of Foodservice in Russia to 2016 provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Russian foodservice value chain, and for new companies considering entering the market.
ReasonsToBuy
A decade of stable political environment and steady economic growth has created a new middle class in Russia which is eager to spend. Although wages have stagnated, the governments efforts in preventing major job losses have maintained disposable incomes, which in turn have strengthened the sales of foodservices.

Russias services industrys contribution was a significant 67.8% of GDP in 2009. Growth in the IT and engineering services has been particularly outstanding with software exports growing to US$2.8 billion in 2009. The entry into the WTO is expected to boost the growth of intellectual property driven services such as aerospace, software, and information and communication technologies. This industry growth has led to an increase in the number of single young professionals who prefer to eat out in quick service restaurants.

Urbanization in Russia has been stagnating since the last decade and has even shown signs of reversal, falling from 74% in 2000 to 73% in 2005. It is further expected to decline to 72.7% during the forecast period. This has led to an increased consumption of convenience foods and the expansion of fast-food chains across all the major cities.

Russian consumers have been quite slow to adopt information technology, but they are evolving rapidly to catch up with the rest of Europe. Personal computer penetration has increased from 12.2 PCs per 100 people in 2005 to 19 PCs per 100 people in 2010. The new wave of international restaurant chains has introduced websites with elaborate online menus such as McDonalds, which has an online menu and items can be ordered through the website.

Russian consumers have been extremely reluctant to conduct online shopping due to factors such as low penetration, low awareness and unpleasant experiences. In the early days of the internet, people who experimented with e-commerce suffered due to fraudulent online companies, incorrect or damaged products being delivered or late delivery of goods.
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