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Russian chocolate market may grow 45% by 2016
28.09.2012 19:10
Russian chocolate market may grow 45% by 2016
A.Korkunov chocolate

According to KPMG research ‘The chocolate of tomorrow: What today’s market can tell us about the future’, Russian chocolate market, which is now estimated $ 8 billion, may grow 45% by 2016.

‘Russia is regarded as one of the most perspective chocolate producers in the world. The Russian market, which is estimated $ 8 billion now, is to grow 45% by 2012’, says George Pataraya, the  Head of Consumer Markets KPMG. In his opinion, the consumers’ demand for more expensive and high quality goods will boost chocolate hand-made production.

At that the world chocolate market will grow just 2% annually, informs KPMG.

The founder of Odintsovo Chocolate Fabrics and the brand ‘A. Korkunov’, Andrey Korkunov, considers the annual growth of the Russian chocolate market 5-7%.

Author: Irina Fomina

Tags: Russian chocolate market Russian confectionery plants Russian business   

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