Trade Resources Industry Views Moderate Income Group Consumers Have LED The Ice Creams Market in Russia in 2011

Moderate Income Group Consumers Have LED The Ice Creams Market in Russia in 2011

The moderate income group consumers have led the ice creams market in Russia in 2011 with a share of 40%,followed by the affluent group with 28.5%.The highly affluent section contributed the least at 10%,said a report by Canadean--Food.

According to the report Consumer Trends in the Ice Cream Market in Russia,2011,older consumers aged above 55 had the highest share among all the age groups at 26%,with the older young adults aged 25-34 years holding the second position with 17%.Tweens&early teens,between 10-15 years,held the least share at 7.4%.

The Russian ice cream market is mostly concentrated in the urban areas with 94.4%.Female consumers had a marginal lead over males at 57.6%.

Time rich consumers having leisure time of more than seven hours a day,patronized the market the most at 35%.Second were the time-pressed consumers with five to seven hours of leisure time,at 30%.

Consumers educated up to the post secondary level held a share of 32%,followed by the undergraduates at 21.9%.Pre-primary and the primary sections held only 3%each.

Over 90%of the Russian ice cream market is owned by branded groups as against private labels.

More than 50%of the consumers surveyed said that they were influenced by better value for money.

Among the various categories of ice creams in the market,artisanal ice cream held 48%of share,while impulse ice cream owned 30%and take-home 22%.In terms of volume,impulse ice cream held the highest share of 41%.

Source: http://sweetsanddesserts.food-business-review.com/news/moderate-income-group-dominates-russian-ice-cream-market-report-070912
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Moderate Income Group Dominates Russian Ice Cream Market: Report