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.
For more information on the Russia confectionery market, please click here: Russia confectionery market
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.