Bread & Cereal Products - Ukraine

Ukraine

Revenue in the Bread & Bakery Products market amounts to US$5.80bn in 2024. The market is expected to grow annually by 10.42% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$278bn in 2024).
In relation to total population figures, per person revenues of US$153.00 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 3.43bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 5.6% in 2025.
The average volume per person in the Bread & Bakery Products market is expected to amount to 72.0kg in 2024.

Key regions: Philippines, United States, Canada, India, China

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Analyst Opinion

The Bread & Cereal Products Market in Ukraine is facing subdued growth, influenced by factors such as changing consumer preferences, increasing competition, and economic challenges. Despite the convenience of online services and rising health awareness, the market is struggling due to the dominance of traditional products and limited innovation.

Customer preferences: With the rise of health-consciousness in Ukraine, consumers are increasingly looking for healthier options in the Bread & Cereal Products Market. This has led to a shift towards products with natural and organic ingredients, as well as an increase in demand for gluten-free and whole grain options. Additionally, there is a growing trend towards locally sourced and sustainable products, reflecting a desire for more environmentally friendly and socially responsible choices. This shift in consumer preferences is also influenced by a growing middle class and a younger generation that values transparency and ethical production practices.

Trends in the market: In Ukraine, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier options, as consumers become more health-conscious. This trend is driven by an increase in disposable income and awareness of the benefits of a balanced diet. Additionally, there is a growing demand for gluten-free and organic products. These trends are expected to continue, with potential implications for industry stakeholders including the need to diversify product offerings and invest in sustainable and ethical sourcing practices.

Local special circumstances: In Ukraine, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's agricultural landscape and cultural preferences. Ukraine is one of the top wheat producers in the world, making bread a staple food in the local diet. Additionally, traditional cereal products such as buckwheat and millet are still popular among consumers. The country's recent economic and political developments have also led to a rise in demand for affordable and convenient food options, driving the growth of the bread and cereal market.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Ukraine is impacted by macroeconomic factors such as economic growth, inflation rates, and government policies. With Ukraine's economy experiencing steady growth and low inflation rates, consumers have more disposable income to spend on food products. Additionally, government policies aimed at promoting agriculture and increasing food security have contributed to the growth of the bread and cereal products market. Moreover, as the population in Ukraine ages, there is a growing demand for healthy and convenient food options, driving the demand for bread and cereal products.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.