Segments
In addition to meat, confectionery and snacks were among the highest-earning segments - exceeding 50 thousand U.S. dollars in total revenues in 2021. The production volume of cereals and grains in Russia was the highest of all food products. This produce also dominated the organic farming segment, outperforming the organic production volumes of fruits, vegetables, and beverages.The value of food products imported to Russia has seen notable growth in 2021, amounting to approximately 34 billion U.S. dollars in that year. Agri-food exports continued a positively developing trend, with cereals and grains being the most exported commodity. European Union and Turkey were Russia's major food export partners in 2021.
Food retail and key players
Grocery sales in Russia have been consistently growing, with online food retail as one of the primary contributors to the market revenues during past years. In 2020, the coronavirus (COVID-19) pandemic provided a significant nudge to this segment on its path to speedy development. However, the online food sales kept growing even further in 2021, amounting to 329 billion Russian rubles - nearly a twofold growth year-over-year.Moscow-founded X5 Retail Group has consistently remained the leading food retailer in Russia. The Group operates in different retail formats and accounts for a very successful online retail segment. Even though other brands in the market led by total revenues, Lenta supermarkets were among the most profitable as per revenue per square meter in 2020. Accelerated growth of the online segment brought new players onto the market, with VkusVill and Samookat ranking as the fastest growing online food retailers in 2021.
