Market Insights Consumer Food Confectionery & Snacks

Snack Food - Ukraine

Ukraine

Revenue in the Snack Food market amounts to US$3.32bn in 2024. The market is expected to grow annually by 9.85% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$52bn in 2024).
In relation to total population figures, per person revenues of US$87.58 are generated in 2024.
In the Snack Food market, volume is expected to amount to 600.30m kg by 2029. The Snack Food market is expected to show a volume growth of 4.4% in 2025.
The average volume per person in the Snack Food market is expected to amount to 12.9kg in 2024.

Key regions: Japan, India, China, United Kingdom, South Korea

Market

Region

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Currency

Analyst Opinion

The Snack Food market in Ukraine is experiencing minimal growth, influenced by factors such as increasing competition and changing consumer preferences. The sub-markets of Tortilla Chips, Flips & Pretzels, Potato Chips, and Cookies & Crackers contribute to this trend. Factors such as fluctuating prices of raw materials and changing regulations also impact the overall market growth. However, the convenience and variety offered by online shopping platforms may drive future growth in the Confectionery & Snacks Market.

Customer preferences: In Ukraine, the Snack Food Market of the Confectionery & Snacks Market within The Food market has experienced a noticeable shift towards healthier snacking options. This trend is driven by the rising health consciousness among consumers, especially the younger generation. As a result, there has been an increase in demand for natural and organic snacks, as well as snacks with reduced sugar and fat content. Moreover, the growing focus on sustainability and ethical food consumption has also led to a rise in the popularity of locally sourced and environmentally friendly snack options.

Trends in the market: In Ukraine, the Snack Food Market of the Confectionery & Snacks Market within The Food market is experiencing a surge in demand for healthier snack options. This trend is driven by consumers' growing awareness of the importance of a balanced diet and a shift towards more nutritious snacking choices. As a result, companies are increasingly offering products with natural ingredients and reduced sugar and fat content. This trend is expected to continue, with potential implications for industry stakeholders including increased competition and a need for product innovation to meet changing consumer preferences. Furthermore, there is a rise in demand for convenient, on-the-go snack options, leading to the introduction of new packaging formats and smaller portion sizes. These trends highlight the need for companies to adapt and stay ahead of the curve to remain competitive in the Snack Food Market of the Confectionery & Snacks Market within The Food market in Ukraine.

Local special circumstances: In Ukraine, the Snack Food Market of the Confectionery & Snacks Market within The Food market is influenced by the country's rich agricultural resources, which allow for a diverse range of locally sourced ingredients to be used in snack production. Additionally, the country's unique cultural preferences for savory and hearty snacks, as opposed to sweet treats, have led to the development of unique and distinctive snack flavors. Furthermore, regulatory measures promoting food safety and quality control have had a significant impact on the market, leading to an increase in consumer confidence in locally made snacks.

Underlying macroeconomic factors: The Snack Food Market of the Confectionery & Snacks Market within The Food market in Ukraine is influenced by various macroeconomic factors. Global economic trends, such as the increasing demand for convenience foods and the growing popularity of healthy snacking options, are driving the growth of the market. Moreover, the country's improving economic health and stable fiscal policies are creating a favorable environment for market growth. Additionally, the increasing disposable income of the population and changing consumer preferences towards healthier snacking options are also fueling the demand for snack foods in Ukraine. However, challenges such as high competition and fluctuating raw material prices are expected to hinder market growth.

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.