Meat and poultry market in the Russian Federation in 2023-2024 - analysis and forecasts

The meat market in Russia remains one of the key segments of the agro-industrial complex. In 2024, its volume continues to grow due to an increase in domestic production and demand from consumers. According to research, the Russian meat and meat products market demonstrates stable growth, which amounts to several percent per year, despite changes in the economic situation and sanctions restrictions.

Meat production in Russia shows positive dynamics. In 2023, production volume increased by several percent compared to 2022, and forecasts for 2024 indicate further growth. The main meat producers remain large agricultural holdings, which are expanding their capacities and investing in production modernization.

Pork

Pork imports decreased in 2023, as Russian producers successfully increase the production of their own product. In 2024, a further decrease in the share of imported pork on the market is expected.

Beef

Beef remains one of the most import-dependent segments of the meat market. Despite the active development of domestic production, part of the demand is still met by foreign supplies.

Offal

Offal occupies a stable niche in the market, while there is an increase in the export of Russian products abroad, which contributes to an increase in production volumes.

Poultry meat is the most popular and affordable type of meat on the Russian market. Chicken and turkey production continues to grow, providing consumers with fresh products.

Chicken (fillet, legs and eggs)

Chicken remains the most popular type of meat, and Russian producers fully cover domestic demand. Chicken meat exports are increasing, especially to Asian and Middle Eastern countries.

Turkey (breast fillet)

Turkey production in Russia shows positive dynamics, and further growth is expected in 2024. The domestic market remains the main sales area.

Duck (carcass, fillet and legs)

The duck meat segment is growing, but remains niche. Producers are focused on both the domestic market and exports.

The production of sausages and semi-finished meat products in Russia is steadily increasing. Consumers prefer products of the middle and premium segments, as well as natural meat products without the addition of soy and artificial components.

In 2024, meat consumption in Russia remains stable. Chicken is the leading meat, followed by pork and beef. There is a growing interest in organic and farm products.

Meat prices continue to rise in 2024 due to inflation and rising feed costs. However, competition between producers is holding back significant price increases, especially in the chicken meat segment.

The Russian meat and poultry market is showing steady growth in 2024, despite external economic challenges. Producers continue to increase production volumes, and consumers are adapting to price changes. In the coming years, the market expects further development due to innovations and expanded export supplies.