The Russian confectionery market recorded almost complete import substitution, domestic producers intend to squeeze out foreign competitors in premium segments, the Confectionery Market Research Center (CICR) reports.
"The share of domestic production accounts for about 90 percent of all sold sweets in the country, and imports began to represent mostly expensive products from the European Union," said CECR Executive Director Elizaveta Nikitina.
The year 2017 formed the most favorable circumstances for the Russian confectionary industry (over the past three years). "First of all, this combination of factors such as relatively low prices for raw materials, recovering consumer demand, increasing export sales," the CICR said. According to Nikitina, the next trend will be the replacement of imported sweets with domestic products in premium segments.
Source: foodnewsweek.ru.
