According to the report analysis, ‘Food & Grocery Retailing In Ukraine, Market Shares, Summary And Forecasts To 2022’ states that some of the major key players which are presently functioning in this domain for meet the demand in a more significant manner and acquiring the handsome amount of share which includes ATB-Market, Auchan, Silpo, Furshet, great Kyshenya, EKO-Market, Nash Kraj, Billa, Velmart, and others. Whereas, the key players are taking initiative in developing their strategies and policies for making their product more effective and attractive which can gain more attention from the new investors and support the market financially. Additionally, the report also offers so many analysis with the deep research which includes country risk related to Ukraine retail environment, information on the business environment, market dynamics, and major comprehensive details of the key retailers, retail sales and fastest-growing product categories in food and grocery sector with the qualitative and quantitative insights of changing retail dynamics in this sector.
With the growing population, the demand for food and grocery is growing in a more significant manner and the key players are making effective strategies for meeting the rising demand of consumers in Ukraine. The increase in disposable income is also playing an effective role in developing the strength of the market as with the growing spending on the food and grocery will lead the market growth of this category more effectively. The retail market of food and grocery is growing and become most prominent with the internet penetration as many of the key players are introducing the e-commerce platform for their business which is providing varieties of the goods at reasonable rates and provide effective offers to the consumers for enhancing the sales of this market more significantly. The key players are also doing the significant job for attaining the handsome amount of share in this category by providing the good quality food and grocery to the consumers and will lead the market grew more significantly in the near future in Ukraine.
The food & grocery is the largest sector of Ukraine retail and accounted for 58.1% of total retail sales in 2017 whereas, the Ukraine retail market is forecasted to rise at a CAGR of 4.7% during 2017-2022. With the significant increase in the household consumption in this region and a declining inflation rate is strengthening the sales of this category more effectively. In the retail market of Ukraine, there are several distribution channels whereas, the hypermarkets are the largest retail channel which is supported by changing the consumer preferences. The online platform in retail is set to grow positively. However, the volume of sales remains low. The ATB-Market is the major leading player and plans to increase store count to 1,000 in the recent year 2018. Not only has this, but the ATB-Market also dominated the sector sales which is mainly followed by Auchan in 2017. Therefore, in the coming years, it is expected that the retail market with the food and grocery category will grow more significantly with the effective strategies and policies of retailers in Ukraine over the decades.
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