SegmentsIn addition to meat, confectionery and snacks were among the highest earning food market segments in the country - exceeding 54 thousand U.S. dollars in total revenues in 2020. 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 decreased since the beginning of the decade, amounting to approximately 30 billion U.S. dollars in the last few years. Conversely, agri-food exports were developing steadily, with cereals and grains being the most exported Russian commodity. China and the European Union remain Russia's major food export partners as of 2020.
Food retail and key playersGrocery sales in Russia have recorded consistently increasing annual revenue during past years. 2020 was especially successful for online food retail, with speedy development due to the coronavirus (COVID-19) pandemic. The pandemic effect has also shown in the monthly sales growth of food products, with most product categories experiencing unusually high sales at the start of the countrywide lockdown.
Founded in Moscow, 15 years on the X5 Retail Group is still the leading Russian retailer. The group operates in different retail formats, having especially excelled in online sales, as well achieving nearly 20 billion Russian rubles in revenues in 2020. Despite the impressive sales performance of the X5 Retail Group, the highest number of grocery stores in the country belonged to another major player – Magnit. Although both X5 and Magnit top the total revenue ranking, the highest revenue per square meter was observed in Lenta supermarkets. In the past year, new players appeared in the online grocery shopping segment, with SberMarket ranking as the fastest growing online food retailer.