04 August 2023 News According to analytical agencies, the Russian market of food ingredients for food and beverage production is in the growth stage, but manufacturers and suppliers are still overcoming a number of difficulties. The market upturn is attributed to the growth of the food and beverage industry. This has been partly driven by the withdrawal of foreign producers and the government's import substitution drive, partly – with the increasing consumption of food and beverages by the population. There are several main reasons for the difficulties of food industry ingredient producers: Dependence on imports. For a long time, more than 95% of raw materials for the food industry were supplied from abroad, and finished ingredients ̶ more than 85%. Since the middle of the last decade, Russian players began to actively enter the market, but the share of imports from foreign countries is still high and occupies about one third of the market. In terms of raw materials, the main suppliers are foreign countries: Russian producers are not yet able to meet the growing demand. Strict regulation with low state support for the industry. Despite the release of regulatory documents, technical regulation remains insufficient. What are the prospects for the food industry market? Analysts forecast the food additives market in Russia to grow at an average CAGR of 3.6% during the forecast period (2020-2025). Therefore, the food additives and ingredients market is a promising market for all players. The main trend –replacement of foreign players by Russian companies. Be among the active players in the Russian ingredients market - become an exhibitor at the Global Ingredients Show 2024. Book a stand