Eastern Europe Food Market Opportunities, Trends, Growth Analysis and Forecast to 2028
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Eastern Europe Food Market Overview
The Eastern Europe food market was valued at $219.9 billion in 2023. The market will grow at a CAGR of more than 4% during 2023-2028. The region will register the fastest volume CAGR and the second-fastest value CAGR during 2023–28. Economies will recover from the adverse impact of the escalation of the Russia–Ukraine conflict and high inflation. Improved consumer confidence will help the food industry grow.
Eastern Europe Food Market Outlook 2023-2028 ($ Billion)
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The Eastern Europe food market report brings together multiple data sources to provide a comprehensive overview of the Eastern European food industry, analyzing data from 19 countries in the region. It provides an analysis of the market environment which includes industry size, market size, and growth analysis by the top five sectors; meat, bakery & cereals, dairy & soy food, oils and fats, and confectionery.
| Market size 2023 | $219.9 Billion |
| CAGR % | >4% |
| Review Period | 2017-2023 |
| Forecast period | 2023-2028 |
| Key Categories | · Meat
· Bakery & cereals · Dairy & soy food · Confectionery · Oils and fats · Others |
| Key Countries | · Serbia
· Romania · Slovakia · Slovenia · Turkiye · Ukraine |
| Key Distribution Channel | · Hypermarkets & Supermarkets
· Food & Drinks Specialists · Convenience Stores · E-retailers |
| Key Packaging Materials | · Flexible Packaging
· Rigid Plastics · Paper & Board · Rigid Metal · Glass |
| Key competitors | · Mondelēz International
· Unilever · Groupe Lactalis · Danone Group · Yasar Holding |
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Eastern Europe Food Market Segmentation by Countries
Based on the relative performance of countries on multiple metrics, the Czech Republic, Hungary, Romania, and Ukraine were shortlisted as high-potential countries, primarily due to their large food industry sizes, projected high-value growth rates, and projected rising per capita value levels. Among high-potential countries, Romania was the largest market in value terms in 2023. Ukraine was the largest country in terms of volume.
Eastern Europe Food Market Analysis by Countries, 2023 (%)
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Eastern Europe Food Market Segmentation by Categories
The key categories in the Eastern Europe food market are meat, bakery & cereals, dairy & soy food, confectionery, oils and fats, and others. In 2023, meat was the largest sector accounting for a significant share in the Eastern Europe food market.
Eastern Europe Food Market Analysis by Categories, 2023 (%)
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Eastern Europe Food Market Segmentation by Distribution Channels
The key distribution channels in the Eastern Europe food market are hypermarkets & supermarkets; food & drinks specialists; convenience stores; and e-retailers among others. Hypermarkets & supermarkets was the leading distribution channels in the Eastern Europe food industry in 2023.
Eastern Europe Food Market Analysis by Distribution Channel, 2023 (%)
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Eastern Europe Food Market Segmentation by Packaging Material
The key packaging materials in the Eastern Europe food market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. Flexible packaging was the most used pack material in 2023, accounting for a significant share of the market.
Eastern Europe Food Market Analysis by Packaging Material, 2023 (%)
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Eastern Europe Food Market - Competitive Landscape
A few of the leading companies in the Eastern Europe food market are Mondelēz International, Unilever, Groupe Lactalis, Danone Group, and Yasar Holding among others. Mondelēz International was the leading company in the Eastern European food industry in 2023. Mondelēz registered notable growth in its bakery & cereals sector sales during 2018–23. The company also focused on its business expansion in this period.
Eastern Europe Food Market Analysis by Company, 2023 (%)
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Segments Covered in the Report
Eastern Europe Food Market Outlook, Segmentation by Categories (Value, 2018-2028, $ Billion)
- Meat
- Bakery & cereals
- Dairy & soy food
- Confectionery
- Oils and fats
- Others
Eastern Europe Food Market Outlook, Segmentation by Country (Value, 2018-2028, $ Billion)
- Serbia
- Slovakia
- Slovenia
- Turkiye
- Ukraine
Eastern Europe Food Market Outlook, Segmentation by Distribution Channels (Value, 2018-2028, $ Billion)
- Hypermarkets & supermarkets
- Food & drinks specialists
- Convenience stores
- E-retailers
- Others
Eastern Europe Food Market Outlook, Segmentation by Packaging Material (Value, 2018-2028, $ Billion)
- Flexible Packaging
- Rigid Plastics
- Paper & Board
- Rigid Metal
- Glass
Scope
- Provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers the regional overview of the Eastern European region — highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.
Reasons to Buy
- Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the industry in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region that can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates.
Unilver
Groupe Lactalis
Danone Group
Yasar Holding
Table of Contents
Table
Figures
Frequently asked questions
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What was the Eastern Europe food market size in the year 2023?
The Eastern Europe food market size was valued at $219.9 billion in 2023.
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What is the estimated Eastern Europe food market growth rate from 2023 to 2028?
The Eastern Europe food market is expected to grow at a CAGR of more than 4% during the period 2023-2028.
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Which was the leading country in the Eastern Europe food market in 2023?
Romanis accounted for the largest value share of the Eastern Europe food industry in 2023.
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Which was the leading category in the Eastern Europe food market in 2023?
In 2023, meat products category accounted for the highest value in the Eastern Europe food market.
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Which was the leading distribution channel in the Eastern Europe food market in 2023?
Hypermarkets & supermarkets was the leading distribution channel in the Eastern Europe food sector in 2023.
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Which are the key competitors in the Eastern European food market?
A few of the key companies in the Eastern Europe food market are Mondelēz International, Unilever, Groupe Lactalis, Danone Group, and Yasar Holding among others.
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