Scientific Bulletin of Mukachevo State University. Series “Economics”

Vol. 12, No. 3, 2025 14.10.2025 open access Open access

Features of innovative development of food industry enterprises in crisis conditions in Ukraine

Oleksii Vlaskov

DOI https://doi.org/10.52566/msu-econ3.2025.61 Pages 61 –73 Views 934 Views

Abstract

The study aimed to identify key trends and characteristics of innovative solutions implementation in Ukrainian food industry enterprises during economic and social instability. The methodology was based on the use of statistical and economic-statistical analysis to assess production volumes, growth indices and financial results, content analysis of scientific publications, as well as a case study of the MHP company. The results showed that in 2020, the volume of food products sold amounted to UAH 480 billion, in 2022 it increased to UAH 708.27 billion, in 2023 it decreased to UAH 633 billion, and in 2024 to UAH 522 billion. The production index fluctuated: in 2022, it fell to 78.4%, but in 2023, it recovered to 106.8% and reached 115.9% in the first half of 2024. Exports of finished food products exceeded USD 3.27 billion in 2023 and more than USD 4 billion in 2024. MHP’s financial results fluctuated: after a loss of USD 269 million in 2022, the company posted a net profit of USD 122 million in 2023 and USD 141 million in 2024. Total capital investment in the food industry in 2024 amounted to UAH 33.4 billion, which is 91.1% more than in 2023, of which 70.9% was spent on equipment modernisation. The introduction of biogas complexes (MHP over 12 MW, Astarta about 12 MW) and solar power plants also indicated the spread of renewable energy in production. The practical significance of the study lies in the possibility of using its results to develop strategies for modernisation, digitalisation and energy efficiency that would ensure the sustainability and competitiveness of Ukrainian food industry enterprises in the context of crisis challenges

Keywords

transformation, adaptation, industry, efficiency, digitalisation, competitiveness, production

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Suggested citation

Vlaskov, O. (2025). Features of innovative development of food industry enterprises in crisis conditions in Ukraine. Scientific Bulletin of Mukachevo State University. Series “Economics”, 12(3), 61-73. https://doi.org/10.52566/msu-econ3.2025.61