Russia Plant-based Food Market Overview, 2028

In Russia Awareness of plant-based diets and their potential benefits for health and the environment has been increasing. More people are becoming receptive to the idea of plant-based eating and exploring plant-based food options. Plant-based restaurants and cafés have started to appear in major cities like Moscow and St. Petersburg. These establishments offer a variety of plant-based dishes, catering to both vegans and those interested in trying plant-based foods. Russia has a rich culinary heritage with several traditional plant-based dishes. Some classic plant-based options include dishes like borscht (a vegetable soup), vinaigrette (a salad made with beets, potatoes, and vegetables), and various vegetable-based soups and stews. With an increasing number of consumers seeking plant-based alternatives to traditional animal-derived products, the Russian food industry is experiencing a notable influx of innovative plant-based offerings. This emerging market showcases a diverse array of plant-based products, ranging from meat substitutes, dairy alternatives, and plant-based snacks to a variety of plant-centric dishes that cater to diverse dietary preferences. As consumers in Russia become more conscious of the environmental impact of their food choices and seek healthier options, the plant-based food market is poised to play a pivotal role in shaping the country's culinary landscape. According to the research report "Russia Plant Based Food Market Overview, 2028," published by Bonafide Research, the Russia Plant Based Food market is expected to grow at more than 9.94 % CAGR from 2023 to 2028. Beyond plant-based meat substitutes, there will likely be an increasing focus on plant-based alternatives for other food categories, such as dairy, snacks, condiments, and desserts. This diversification will provide consumers with more options and will fuel further market growth. Russian cuisine has its own unique flavors and traditional dishes. Plant-based food producers might tailor their offerings to cater to these specific tastes, integrating local ingredients and culinary styles into their products. NGOs, health organizations, and plant-based food companies may invest in educational campaigns to raise awareness about the benefits of plant-based diets. These efforts could target various age groups and demographics to promote healthier and more sustainable eating habits. Advances in food processing technologies, such as 3D printing and cellular agriculture, could lead to the development of novel plant-based food products with improved taste, texture, and nutritional profiles. These innovations might attract a broader range of consumers to the market. With the increasing popularity of plant-based foods, companies and research institutions may invest more in R&D to improve product quality, nutritional profiles, and sustainability aspects. This could lead to a wider range of innovative plant-based options in the market.

The Market is divided into Plant-based Milk, Plant-based Meat and Seafood, Plant-based Cheese, Plant-based Desserts, Plant-based Ice Cream, Plant-based Yogurt, Plant-based Butter, Plant-based Bars, Plant-based Bakery Snacks and Confectionery, Plant-based Creamer, Plant Based Mayyonaise and Salad Dressing and Others based on product type. Consumers in Russia, like in many other countries, are becoming more health-conscious and seeking healthier food options. Plant-based meat and seafood products often offer lower saturated fats, cholesterol, and calories compared to their animal-based counterparts, making them attractive to health-conscious individuals. There is a growing awareness of the environmental impact of animal agriculture, including greenhouse gas emissions, deforestation, and water usage. Plant-based meat and seafood have a lower environmental footprint and are perceived as more sustainable choices, appealing to consumers concerned about environmental conservation. In addition, the increasing popularity of plant-based diets, including vegan and vegetarian lifestyles, has led to a growing demand for plant-based alternatives to traditional dairy products. Plant-based creamers provide a dairy-free option for consumers looking to avoid animal-derived ingredients. The growing coffee culture in Russia and the increasing preference for specialty coffee drinks have led to a higher demand for plant-based creamers in coffee shops and cafes. Baristas and coffee enthusiasts often seek plant-based alternatives that can create rich and creamy textures for their coffee beverages. A Plant-Based Food Festival in Russia could be a vibrant and exciting event, celebrating the growing interest in plant-based diets, sustainability, and innovative food alternatives. For instance, Green Cuisine Fest could focus on promoting plant-based cuisine from around the world, featuring a diverse array of dishes, cooking demos, and workshops by local and international plant-based chefs. It could be a great platform for culinary exploration and education. EcoVeg Fest is dedicated to plant-based and eco-friendly living, showcasing not only food but also a variety of sustainable and cruelty-free products, ranging from cosmetics and clothing to household items. VegFest is an international plant-based food festival that takes place in various cities around the world. VegFest Spain could feature a wide range of plant-based food vendors, cooking demos, educational talks, and entertainment, celebrating the benefits of plant-based living. Madrid Green Gastronomy Fair As a celebration of sustainable and plant-based gastronomy, this fair could showcase local organic produce, eco-friendly products, and delicious plant-based meals from Madrid's finest restaurants. Hypermarkets and Supermarkets traditional retail outlets were major players in the plant-based food market. They offered a wide range of plant-based products, including meat alternatives, dairy alternatives, plant-based snacks, and ready-to-eat meals. These stores benefited from the ability to stock large quantities of products and attract a broad customer base. For instance, X5 Retail Group, Magnit, Auchan, Metro Cash & Carry, Lenta. In addition, the rise of e-commerce platforms in Russia had a notable impact on the plant-based food market. Online marketplaces and dedicated e-commerce platforms allowed consumers to explore a vast array of plant-based products, including those that might not be as readily available in physical stores. The convenience of online shopping and home delivery further contributed to the popularity of plant-based food products through this channel. some of the prominent e-commerce platforms and marketplaces in Russia that were known to offer plant-based food products include Ozon, Wildberries, Utkonos, Perekrestok, VkusVill, AliExpress Russia. Considered in this report • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Russia Plant-based Food with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Plant-based Milk • Plant-based Meat and Seafood (Tofu, Quorn, Seitan, Fish, TVP, Burger Patties, Tempeh, Hot Dogs and Sausages, Meatballs, Ground Meat, Nuggets, Crumbles, Shreds, Crab, shrimp, Others) • Plant-based Cheese • Plant-based Desserts (Cakes, Pastries, Custard, Pudding, etc.) • Plant-based Ice Cream • Plant-based Yogurt • Plant-based Butter • Plant-based Bars (Protein Bars, Energy Bars, Cereal Bars, Fruit & Nut Bars, etc.) • Plant-based Bakery Snacks and Confectionery (Biscuit and Cookies, Bread and Rolls, Chocolate, etc.) • Plant-based Creamer • Plant Based Mayonnaise and Salad Dressing • Others

By Distribution Channel • Hypermarkets and Supermarkets • Convenience Stores • E-Commerce • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Plant-based Food industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.