Spices (Russian market)

Food industry in Russia

Main article: Food industry in Russia

Chronicle

2023: Sales of spices in Russia for the year increased by 12.5% and reached ₽40 billion

In October 2024, it became known that the Russian spice market showed significant growth in 2023, reaching a volume of ₽40 billion. According to a study conducted by NeoAnalytics, this is 12.5% more than in 2022. In physical terms, the market volume exceeded 50 thousand tons, an increase of 16.9% over the year.

According to RBC, analysts note that 2023 was successful for the spice and seasoning industry against the background of positive dynamics of the main macroeconomic indicators, including retail trade and cash incomes of the population.

The key growth factor was the increase in domestic production, whose share in the overall market structure reached 75.8%. For comparison, in 2017 this figure was 48.3%. Experts emphasize a significant strengthening of the position of domestic manufacturers in recent years.

It is interesting to note that 83.7% of domestic production is exported, while domestic consumption accounts for only 16.3%. This indicates the growing competitiveness of Russian spices in the international market.

Despite the overall increase, spice imports to Russia showed negative dynamics, which contrasts with a positive increase a year earlier. Export supplies, although they continued to grow, slowed down somewhat compared to the previous period.

Among the most popular spices and seasonings used to create mixtures or direct resale are peppers, vanilla, cinnamon, cloves, nutmeg, matsis, cardamom, anise seeds, badyan, fennel, coriander, cumin and bay leaf.

Market experts attribute the rise in spice sales to several factors. First, an increase in the interest of Russians in home cooking and experiments with various cuisines in the world. Secondly, the development of domestic tourism contributed to familiarity with regional cuisines and, as a result, an increase in demand for specific seasonings. NeoAnalytics analysts predict further growth in the spice market in Russia until 2027.^[1]

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