Market Insights Consumer Food Convenience Food

Soups - Ukraine

Ukraine

Revenue in the Soups market amounts to €162.60m in 2024. The market is expected to grow annually by 8.93% (CAGR 2024-2029).
In global comparison, most revenue is generated in Indonesia (€9,282m in 2024).
In relation to total population figures, per person revenues of €4.29 are generated in 2024.
In the Soups market, volume is expected to amount to 45.17m kg by 2029. The Soups market is expected to show a volume growth of 3.0% in 2025.
The average volume per person in the Soups market is expected to amount to 1.0kg in 2024.

Key regions: United Kingdom, Russia, Philippines, United States, Spain

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Región

Comparación de regiones

Moneda

Analyst Opinion

The Soups Market in Ukraine is experiencing minimal growth, impacted by factors such as low consumer awareness, limited availability of online services, and traditional food preferences. Despite these challenges, the Convenience Food Market in Ukraine is steadily growing at a slow pace, driven by the convenience offered by pre-packaged soups and increasing demand for easy-to-prepare meals.

Customer preferences: Consumers in Ukraine are increasingly opting for convenient and ready-to-eat soup options as a result of hectic lifestyles and the growing popularity of convenience foods. This trend is also driven by the increasing demand for quick and easy meal solutions among busy urban dwellers. Additionally, the demand for healthy and nutritious soup options is on the rise, as consumers become more health-conscious and seek to incorporate more plant-based and natural ingredients into their diets.

Trends in the market: In Ukraine, there has been a significant increase in demand for convenience food products, including soups. This trend is driven by a growing number of busy individuals who are looking for quick and easy meal options. Additionally, there has been a rise in the use of online food delivery platforms, making it more convenient for consumers to purchase soups and other convenience food items. This trend is expected to continue in the coming years, as more consumers prioritize convenience and time-saving solutions in their daily lives. This presents opportunities for industry stakeholders to tap into the growing demand and expand their online presence to reach a larger consumer base. Furthermore, the use of digital marketing strategies and e-commerce platforms can help companies stay competitive and adapt to the changing market landscape. As the convenience food market in Ukraine continues to evolve, it is crucial for industry players to stay ahead of the curve and adapt to the latest trends to remain relevant in the industry.

Local special circumstances: In Ukraine, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's rich culinary tradition, with a strong preference for hearty and flavorful soups. Additionally, the market is shaped by the country's geographic location, with its cold climate and abundant agricultural production of vegetables and grains. Regulatory policies also play a role, with strict food safety standards and labeling requirements impacting consumer trust and purchasing decisions. This unique mix of factors creates a competitive market for convenient and high-quality soup products in Ukraine.

Underlying macroeconomic factors: The growth of the Soups Market within the Convenience Food Market is heavily influenced by macroeconomic factors such as consumer spending power, economic stability, and government policies on food imports. Countries with high consumer disposable income and stable economies tend to have a higher demand for convenience food products, including soups. Additionally, government policies on food imports can greatly impact the availability and prices of soups in the market. For example, tariffs and restrictions on food imports can lead to limited product options and higher prices, while open trade policies can promote market competitiveness and drive down prices. Furthermore, economic downturns and currency devaluation can also affect the purchasing power of consumers and their willingness to spend on convenience food products like soups. As such, businesses operating in the Soups Market within the Convenience Food Market must closely monitor macroeconomic factors to effectively navigate market conditions and maintain a competitive edge.

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.