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Russia's Frozen Food Market Sees On-year Increase of 13% Featured

09 April 2014

The volume of frozen foods on the Russian market in 2013 reached 300 thousand tons, a 13 percent increase compared to 2012, according to the study "The Frozen Vegetables Market: A Comprehensive Analysis and Forecast Until 2016" by the Intesco Research Group.

Because the of the high cost to produce frozen vegetables, only 20 percent of this market is produced domestically. Small-scale production, underdeveloped logistics systems and the expense of storing frozen vegetables in Russia, according to the study, all contribute to the amount of imported frozen produce.

Foreign partners have proven to be reliable, with little interruption or delay, which makes them all the more attractive and profitable for large Russian producers.

According to the study's forecast for 2016, the Russian market for these products over the next three years is expected to continue to rise.

The Intesco Research Group is an analytical group that focuses on developing business plans, feasibility studies and marketing research projects of Russia and its regional markets, according to the company's web page.

Fruitnews article: http://www.fruitnews.ru/home-page/frozen-foods/38888-v-proshlom-godu-rossijskij-rynok-zamorozhennykh-ovoshchej-vyros-na-13.html

Source article: http://marketing.rbc.ru/news_research/08/04/2014/562949991097005.shtml

 

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