Fresh Meat - Ukraine

Ukraine

Revenue in the Fresh Meat market amounts to €8.61bn in 2024. The market is expected to grow annually by 10.31% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€240bn in 2024).
In relation to total population figures, per person revenues of €226.90 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 1,068.00m kg by 2029. The Fresh Meat market is expected to show a volume growth of 4.6% in 2025.
The average volume per person in the Fresh Meat market is expected to amount to 22.0kg in 2024.

Key regions: South Korea, Russia, Canada, Philippines, China

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Fresh Meat market in Ukraine is experiencing steady growth, driven by factors like increasing demand for online meat services, growing health consciousness among consumers, and the convenience of digital technologies. These factors are contributing to the mild growth rate of this market.

Customer preferences: Consumers in Ukraine are increasingly gravitating towards locally sourced and organic fresh meat, as they become more health-conscious and environmentally aware. This trend is further fueled by the growing demand for sustainable and ethical food options. Additionally, the rise of e-commerce and online shopping platforms has made it easier for consumers to access a wider variety of fresh meat products, including niche and specialty options. This shift towards conscious consumption and convenient shopping is expected to continue driving growth in the Fresh Meat Market of the Meat Market within The Food market.

Trends in the market: In Ukraine, the Fresh Meat Market of the Meat Market within The Food market is experiencing a rise in demand for organic and locally sourced meat products. This trend is driven by consumers' increasing awareness of the health and environmental benefits of organic meat. Additionally, there is a growing demand for convenience, leading to the development of online and delivery services for meat products. This trend is expected to continue, as consumers prioritize convenience and healthy options. Industry stakeholders should focus on expanding their online presence and offering high-quality, locally sourced products to meet the evolving demands of the market.

Local special circumstances: In Ukraine, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's rich agricultural traditions and its large meat production industry. Additionally, strict government regulations on food safety and quality standards have shaped the market by ensuring that only high-quality meat products are available to consumers. Furthermore, the country's geographical location has allowed for the development of unique meat products, such as cured meats and sausages, which have gained popularity among locals and tourists alike. These factors have contributed to the dynamic and diverse nature of the Fresh Meat Market in Ukraine.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Ukraine is heavily influenced by macroeconomic factors such as the country's economic stability, consumer purchasing power, and government policies. The recent economic downturn and political uncertainty in Ukraine have negatively impacted the market, leading to a decline in consumer spending and a decrease in demand for fresh meat products. Additionally, fluctuations in currency exchange rates and inflation rates have also affected the cost of production and pricing of fresh meat products, further impacting the market. However, the growing population and increasing disposable income in the country offer opportunities for market growth, with potential for increased consumption of premium and value-added meat products. Government initiatives to promote domestic agriculture and encourage foreign investments in the sector are also expected to drive 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.