Pet Food Market Size in Russia to Grow by USD 1.41 billion, Dry Pet Food to be Largest Revenue-generating Product Segment – Technavio – PR Newswire

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NEW YORK, Sept. 22, 2022 /PRNewswire/ — According to the report “Pet Food Market in Russia by Product and Type – Forecast and Analysis 2022-2026″, the market will witness a YOY growth of 3.28% in 2022 and a CAGR of 6.24% during the forecast period. The market is segmented by product (dry pet food, wet pet food, and pet snacks and treats) and type (dog food, cat food, and other small pet food).
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The dry pet food segment will be the largest contributor to market growth during the forecast period. The popularity of dry pet foods is high among pet owners in Russia, as they are easy to transport and store and have a longer shelf life than wet pet foods. Dry pet foods include foods such as dry kibble for dogs and cats. Vendors also offer dry pet foods in stand-up zip lock pouches, which are convenient to use. Thus, the growing prominence of convenience in pet food storage and consumption and the ease of logistics are expected to drive the growth of this segment during the forecast period.
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The pet food market in Russia is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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The rising awareness of pet nutrition is driving the growth of the market. Pet owners have become more concerned about the nutrition of their pets. Foods such as grapes, raisins, and chocolates damage the health of pets. Some pet owners give homemade diets to their pets. However, they can still lack essential nutrients. Hence, many pet owners are turning to specialized, functional pet food items.
The companies scaling back production and investments will challenge the growth of the market during the forecast period. Various pet food manufacturing companies halted or scaled down their operations in Russia following the invasion of Ukraine in 2022. For instance, Nestle SA has suspended all advertising and capital investments as well as non-essential food imports to Russia. These factors will negatively impact the market during the forecast period.
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Don’t miss out on the opportunity to speak to our analyst and learn more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  
Pet Food Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The pet food market share is expected to increase by USD 42.57 billion from 2021 to 2026.
Pet Milk Market by Product and Geography – Forecast and Analysis 2022-2026: The pet milk market share is expected to increase by USD 57.16 million from 2021 to 2026.
Pet Food Market Scope in Russia
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 6.24%
Market growth 2022-2026
USD 1.41 billion
Market structure
Fragmented
YoY growth (%)
3.28
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Key companies profiled
Affinity Petcare SA, Aller Petfood Group AS, Blue Buffalo Co. Ltd., Colgate Palmolive Co., heristo aktiengesellschaft, INVIVO, Mars Inc., Merrick Pet Care Inc., Nestle SA, Schell and Kampeter Inc., Sunshine Mills Inc., The JM Smucker Co., Tiernahrung Deuerer GmbH, and Wellness Pet Co.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Consumer Staples Market Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Type
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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