Food - Ukraine

Ukraine

Revenue in the Food market amounts to US$59.25bn in 2024. The market is expected to grow annually by 9.87% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$14.34bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$1,562.00 are generated in 2024.
In the Food market, 1.2% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 17.11bn kg by 2029. The Food market is expected to show a volume growth of 5.0% in 2025.
The average volume per person in the Food market is expected to amount to 365.70kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Ukraine is facing subdued growth, influenced by factors such as changing consumer preferences, increasing demand for convenience foods, and rising health concerns. Despite the presence of various sub-markets such as Dairy Products & Eggs and Meat, Fish & Seafood, the overall market growth is being impacted by challenges such as food safety issues and economic instability. However, with the introduction of new technologies and a focus on sustainable practices, the market is expected to experience significant growth in the coming years.

Customer preferences: Shifts in consumer preferences in the Ukrainian food market are being influenced by changing cultural norms and increasing health consciousness. There is a growing demand for organic and locally sourced products, as well as a preference for healthier options such as plant-based and gluten-free foods. This trend is also driven by the rise of digital platforms, with more consumers turning to online grocery shopping and food delivery services. Additionally, the growing middle class and increasing disposable income have led to a rise in demand for premium and international food products. These factors suggest a shift towards healthier and more diverse food options in the Ukrainian market.

Trends in the market: In Ukraine, The Food market industry is experiencing a rise in demand for organic and locally sourced products. This trend is driven by consumer preferences for healthier and environmentally sustainable options. Furthermore, online food delivery services have seen a significant increase in usage, as more people opt for the convenience of ordering food from their homes. This trend is expected to continue, with the potential for further growth in the e-commerce sector. As a result, industry stakeholders should adapt their strategies to meet the changing demand and capitalize on the opportunities presented by the growing digital market. This could include expanding online presence, investing in technology, and partnering with local farmers and producers to offer more sustainable and organic options. Additionally, there may be potential implications for traditional brick-and-mortar food retailers as they face competition from online platforms. Therefore, it is crucial for industry players to stay updated on consumer trends and adapt their business models accordingly to remain competitive in the evolving Food Market landscape in Ukraine.

Local special circumstances: In Ukraine, The Food market is heavily influenced by the country's rich agricultural resources and strong cultural traditions. The fertile land and diverse climate allow for a wide variety of fresh, locally sourced produce and ingredients. Additionally, the Ukrainian diet is heavily based on hearty, home-cooked meals, leading to a demand for high-quality, affordable food products. The market is also shaped by government regulations on food safety and import/export, as well as cultural preferences for traditional dishes and flavors. These factors contribute to a unique and dynamic food market in Ukraine, creating opportunities for both local and international businesses.

Underlying macroeconomic factors: The Food market market in Ukraine is greatly impacted by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other relevant financial indicators. The market growth is heavily influenced by the overall economic stability of the country, as well as its trade relationships with other nations. For instance, changes in global food prices and trade agreements can significantly impact the performance of The Food market in Ukraine. Additionally, the country's fiscal policies and government regulations can affect the production, distribution, and pricing of food products, ultimately influencing consumer demand and market growth. Moreover, the level of investment in agriculture and infrastructure development also plays a crucial role in determining the market's growth potential.

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.