Domestic chocolate occupies 85% of the Russian market - AKORT

Published 2022년 7월 11일

Tridge summary

The article highlights the resilience of the Russian chocolate market, with domestic products accounting for 85% of retail sales and experiencing an 9.1% increase in production in 2021. This resilience is despite the absence of some premium foreign brands. The Association of Retail Companies (AKORT) has observed a rise in chocolate sales in the first half of this year, with a notable 36% increase in sales of chocolate bars and a 32% increase in loose chocolates. Milk chocolate, especially varieties with raisins or nuts, is the most preferred type. This situation underscores Russia's position as one of the top ten chocolate exporters in the world.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestic chocolate occupies 85% of the Russian market, so the departure of foreign premium brands did not have a significant impact on the assortment of chocolate in retail chains. This is stated in the message of the Association of Retail Companies (AKORT). "The departure from the market of a number of suppliers of premium brands did not have a significant impact on the assortment of chocolate in retail chains, since more than 85% of chocolate products in stores are domestic products, and in a number of retail chains, for example, Lente, the share of imported chocolate does not exceed 2 %," the message says. According to Igor Karavaev, Chairman of the Presidium of AKORT, which are cited in the message, retail chains - members of AKORT managed to quickly replace the range of premium chocolate brands that have left the market with analogues of Russian and imported production. “Imported chocolate is supplied to our market in relatively small volumes from Belarus, Italy, ...

Source: Milknews