The Russian bread and bakery market could amount to 1.13 trillion rubles in 2024 — expert

The baking industry accounts for about 11% of the total volume of the entire food industry in the country The volume of sales of bread and bakery products in Russia in the first half of 2024 amounted to 522 billion rubles, and by the end of the year, 1.13 trillion rubles are expected. This was announced by the President of the Russian Guild of Bakers and Confectioners Yuri Katsnelson at the XVI Congress of Flour-Milling and Cereal Enterprises of Russia. According to the guild's estimates, the bread and bakery products market in the Russian Federation by the end of 2023 amounted to 11.4 million tons, in monetary terms it exceeded 1 trillion rubles. Katsnelson noted that enterprises of the flour-milling and cereal industry, as well as baking entities, are the basis for ensuring food security in Russia. "Baking is the leading sector of the agro-industrial complex and provides about 11% of the total volume of the entire food industry," the expert emphasized. In addition, he pointed ...