Russian pet market growth rates in 2021

Russian pet market

According to Euromonitor pet product market in Russia had been growing in the last two years with the dynamic above the global level. In 2020, retail sales increased by 7,9% up to 246,2 bln rubles (Euro 2,9 bln). In 2021, the market value was estimated at 265,1 bln rubles (Euro 3,1 bln) with the growth dynamic of 7,7%. Euromonitor forecasts the 2022 growth rate at 6,7% and expects market value to reach 281,2 bln rubles*.

*The research was carried out and the forecast was released prior February, 24th.

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