Food market in Russia - statistics & facts
Russia's food market was the seventh-largest worldwide, positioning between Indonesia's and France's. In 2023, it was estimated to have a revenue of over 229 million U.S. dollars, which will increase in the years until 2029. Russia is a major producer of various agricultural food commodities, especially grains, which makes the industry particularly significant for the economy. Within Russia, the country has an import substitution policy after several major companies left the market in 2022.
