ISSN 2221-1055 · e-ISSN 2413-2322

Ekonomika APK

Economic analysis of marketing strategies to improve the competitiveness of food industry enterprises in the agro-industrial complex

Received: 17.01.2025 Revised: 18.03.2025 Accepted: 16.06.2025
Abstract

The purpose of this study was to analyse the marketing strategies of food industry enterprises in the Mykolaiv region to increase their competitiveness. The study investigated the economic state of the region’s food industry, analysed current marketing practices, and assessed the competitive environment. The study employed a wide range of methods, including statistical analysis, SWOT analysis, benchmarking, and economic and mathematical modelling to forecast product demand. Based on official statistics, practical examples of local enterprises (Olkom, Chumak) and global marketing practices (Nestlé, Unilever, Coca-Cola, Danone), the strengths and weaknesses of enterprises in the region were identified, as well as opportunities for development. The study found that the key advantages include access to high-quality raw materials, regional brand recognition, and the potential for using digital technologies. The key challenges include limited marketing budgets, dependence on seasonality, and high competition from large national and international producers. Recommendations were developed for adapting marketing strategies to the specific characteristics of the region, including the use of local advantages (geographical location, access to resources), the introduction of modern marketing tools, improved interaction between farmers and food industry enterprises, and the creation of clusters to increase efficiency. It was proposed to use international practices to design sustainable development programmes, create unique local products, and introduce innovations in distribution and logistics. The findings of the study can be used by food industry enterprises in the Mykolaiv region to optimise marketing strategies, increase competitiveness, and strengthen their positions in internal and external markets

Keywords
business; agriculture; secondary sector; management methods; sales profitability
Details
DOI https://doi.org/10.32317/ekon.apk/3.2025.58
Pages 58-68
  1. Aisyah, E.N., Prajawati, M.I., & Yuliati, Y. (2025). Entrepreneurship orientation and business performance: Do business strategy and government policy matter? Indonesian Journal of Business and Entrepreneurship, 11(1), 171-171. doi: 10.17358/ijbe.11.1.171.
  2. Asif, S. (2025). The role of digital food marketing in shaping consumer behavior and sustainability in emerging economies. In Z. Hussain, A. Albattat, F.Z. Fakir & Z. Yi (Eds.), Innovative trends shaping food marketing and consumption (pp. 57-70). London: IGI Global. doi: 10.4018/979-8-3693-8542-5.ch003.
  3. Asikin, M.Z., Fadilah, M.O., Saputro, W.E., Aditia, O., & Ridzki, M.M. (2024). The influence of digital marketing on competitive advantage and performance of micro, small and medium enterprises. International Journal of Social Service and Research, 4(3), 963-970. doi: 10.46799/ijssr.v4i03.749.
  4. Asslouni, A., & Bourroubey, S. (2025). The importance of marketing strategy processes in enhancing the performance of economic enterprisesAtak for Sciences Journal, 10(2), 412-425.
  5. Badia, F., Galeone, G., & Shini, M. (2024). Sustainable strategies of industrial tourism in the agri-food business: An exploratory approach. British Food Journal, 126(1), 327-346. doi: 10.1108/BFJ-11-2022-1031.
  6. Banyeva, I., Lebedieva, N., Parfinenko, T., Velychko, O., Petrova, O., & Peresichna, S. (2023). Digital tools of marketing strategies in hotel branding. Journal of Information Technology Management, 15(1), 62-88. doi: 10.22059/jitm.2023.90726.
  7. Baskoro, M.L., Tjahjono, B., Beltran, M., Bogush, A., & Wang, Y. (2024). The imperative of communication signals in boosting business strategies of the bioplastic packaging industry. Business Strategy and the Environment, 33(2), 307-334. doi: 10.1002/bse.3490.
  8. Belinska, A., et al. (2024). Development of a method for inactivating lipoxygenases in linseed using chemical reagents. Eastern-European Journal of Enterprise Technologies, 4(6(130)), 14-21. doi: 10.15587/1729-4061.2024.309079.
  9. Berisha, B., & Rexhepi, B. (2022). Factors that determine the success of manufacturing firms: Empirical evidence from Kosovo. Quality – Access to Success, 23(191), 194-202. doi: 10.47750/QAS/23.191.23.
  10. Bjørndal, T., Dey, M., & Tusvik, A. (2024). Economic analysis of the contributions of aquaculture to future food security. Aquaculture, 578, article number 740071. doi: 10.1016/j.aquaculture.2023.740071.
  11. Boru, E.M., Hwang, J., & Ahmad, A.Y. (2025). Governance and institutional frameworks in Ethiopian integrated agro-industrial parks: Enhancing innovation ecosystems and multi stakeholder coordination for global market competitiveness. Economies, 13(3), article number 79. doi: 10.3390/economies13030079.
  12. Chumak. (n.d.). Information for shareholders. Retrieved from https://chumak.com/emitent.
  13. Coca-Cola. (n.d.). Financial information. Retrieved from https://investors.coca-colacompany.com/financial-information.
  14. Da Silva, T.H.H., & Sehnem, S. (2025). The utilization of Industry 4.0 technologies to enhance the circular economy through the engagement of stakeholders in Brazilian food technology companies. Business Strategy and the Environment, 34(1), 129-161. doi: 10.1002/bse.3954.
  15. Danone. (n.d.). Financial and extra financial reports. Retrieved from https://www.danone.com/investors/publications-and-events/financial-and-extra-financial-reports.html.
  16. Dildora, T. (2024). A study of the current state of the organization of the work of food industry enterprises in the real sector of the economyEthiopian International Journal of Multidisciplinary Research, 11(5), 696-698.
  17. Dovgal, O., Novikov, O., Bilichenko, O., Kozachenko, L., & Stamat, V. (2022). Implementation of the concept of circular economy as an integral component of sustainable development of the region: Problems and prospects. Review of Economics and Finance, 20, 1051-1059. doi: 10.55365/1923.x2022.20.117.
  18. FoodChain ID Certification. (n.d.). Food safety certifications. Retrieved from https://www.foodchainid.com/certification/accredited-food-safety/?nab=0.
  19. Hamam, M., Chinnici, G., Di Vita, G., Pappalardo, G., Pecorino, B., Maesano, G., & D’Amico, M. (2021). Circular economy models in agro-food systems: A review. Sustainability, 13(6), article number 3453. doi: 10.3390/su13063453.
  20. Handoyo, S., Suharman, H., Ghani, E.K., & Soedarsono, S. (2023). A business strategy, operational efficiency, ownership structure, and manufacturing performance: The moderating role of market uncertainty and competition intensity and its implication on open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 9(2), article number 100039. doi: 10.1016/j.joitmc.2023.100039.
  21. Hasani, V.V., Zeqiri, J., Todorovik, T., Jaziri, D., & Toska, A. (2023). Digital content marketing and EWOM: A mediational serial approach. Business Systems Research, 14(2), 24-43. doi: 10.2478/bsrj-2023-0010.
  22. Kaggwa, S., Eleogu, T.F., Okonkwo, F., Farayola, O.A., Uwaoma, P.U., & Akinoso, A. (2024). AI in decision making: Transforming business strategies. International Journal of Research and Scientific Innovation, 10(12), 423-444. doi: 10.51244/IJRSI.2023.1012032.
  23. Khan, S.A., Ponce, P., Tanveer, M., Aguirre-Padilla, N., Mahmood, H., & Shah, S.A. (2021). Technological innovation and circular economy practices: Business strategies to mitigate the effects of COVID-19. Sustainability, 13(15), article number 8479. doi: 10.3390/su13158479.
  24. Kobets, A., Vinichenko, I., Honcharenko, O., Kurbatska, L., Sitkovska, A., & Pavlenko, O. (2021). A strategy to increase the competitiveness of agro-industrial enterprises. Dnipro: Dnipro State Agrarian and Economic University.
  25. Kuc, B.R., Nguyen, H.T., & Santarek, K. (2021). Hung Hau corporate business strategy: An analysis using McKinsey matrixInternational Journal of Advanced Multidisciplinary Research and Studies, 1(2), 34-39.
  26. Kusuma, A.C., Mukhlis, A., & Fatari, F. (2024). The strategy of online marketing at Mc. Donald’s restaurant to increasing sales in the digital era. International Journal of Economy, Education and Entrepreneurship, 4(1), 148-157. doi: 10.53067/ije3.v4i1.244.
  27. López-Cabarcos, M.Á., Piñeiro-Chousa, J., Quiñoá-Piñeiro, L., & López-Pérez, M.L. (2024). Water and waste management strategies as drivers of the financial performance of food companies. Technological Forecasting and Social Change, 200, article number 123138. doi: 10.1016/j.techfore.2023.123138.
  28. Łukiewska, K.M. (2024). The importance of competitive potential in building the international competitiveness of food industry companies: Evidence from Poland. PloS One, 19(10), article number e0312512. doi: 10.1371/journal.pone.0312512.
  29. Madhavan, M., Sharafuddin, M.A., & Wangtueai, S. (2024). Impact of Industry 5.0 readiness on sustainable business growth of marine food processing SMEs in Thailand. Administrative Sciences, 14(6), article number 110. doi: 10.3390/admsci14060110.
  30. Main Department of Statistics in Mykolaiv region. (n.d.). Retrieved from https://www.mk.ukrstat.gov.ua/stat_inf.htm.
  31. Nestlé. (n.d.). Annual report. Retrieved from https://www.nestle.com/investors/annual-report.
  32. Olkom. (n.d.). Current information. Retrieved from https://olkom.ua/aktualnaya-informacziya/.
  33. Padhiary, M. (2025). Collaborative marketing strategies in agriculture for global reach and local impact. In S.C. Pant, V.G. Venkatesh, P. Panday, G.P. Shukla & S. Parhi (Eds.), Emerging trends in food and agribusiness marketing (pp. 219-252). London: IGI Global. doi: 10.4018/979-8-3693-6715-5.ch008.
  34. Palamarchuk, O., & Korkach, I. (2023). Trends in the development of digital marketing in modern business conditions. University Economic Bulletin, 18(2), 63-68. doi: 10.31470/2306-546X-2023-57-63-68.
  35. Petrunenko, I., Grabchuk, I., Vlasenko, T., Petrova, E., & Strikha, L. (2021). Ensuring food security of EU countries in the context of sustainable developmentJournal of Management Information and Decision Sciences, 24(3), 1-12.
  36. Poltorak, A.S., Burkovska, A.I., Khrystenko, O.A., Sukhorukova, A.L., & Dovgal, I.V. (2023). Monitoring of relationships between indicators of food security of the states. IOP Conference Series: Earth and Environmental Science, 1269, article number 012001. doi: 10.1088/1755-1315/1269/1/012001.
  37. Putri G, N.E., & Aprianingsih, A. (2025). Proposed marketing strategy for Talanoa kopi and space. Return: Study of Management, Economic and Bussines, 4(2), 112-127. doi: 10.57096/return.v4i1.314.
  38. Rama, H.H., Rama, V.H., & Rexhepi, B.R. (2023). The impact of marketing and technological factors on the quality, safety and sales of wine. Quality – Access to Success, 24(196), 49-53. doi: 10.47750/QAS/24.196.06.
  39. Reshmidilova, S., Mykhaylyova, K., Savchuk, A., Stamat, V., & Oslopova, M. (2024). Utilisation of artificial intelligence technologies in developing marketing communication strategies. Pakistan Journal of Life and Social Sciences, 22(2), 9021-9029. doi: 10.57239/pjlss-2024-22.2.00682.
  40. Saeed, S.A., Abas, S.R., & Abdulkarim, N.B. (2024). Integration of entrepreneurship and marketing research in modern business. Economic Forum, 14(4), 22-31. doi: 10.62763/ef/4.2024.22.
  41. Sanbella, L., Van Versie, I., & Audiah, S. (2024). Online marketing strategy optimization to increase sales and e-commerce development: An integrated approach in the digital age. Startupreneur Business Digital, 3(1), 54-66. doi: 10.33050/sabda.v3i1.492.
  42. Satpathy, A., Samal, A., Gupta, S., Kumar, S., Sharma, S., Manoharan, G., Karthikeyan, M., & Sharma, S. (2024). To study the sustainable development practices in business and food industry. Migration Letters, 21(1), 743-747. doi: 10.59670/ml.v21iS1.6400.
  43. Saveliev, D., et al. (2024). Development of conditions for obtaining oil from sunflower oil hydration waste. Eastern-European Journal of Enterprise Technologies, 2(6(128)), 14-19. doi: 10.15587/1729-4061.2024.301418.
  44. Shtal, T., Ptashchenko, O., Rodionov, S., & Kurtsev, O. (2023). Implementation of modern marketing tools in entrepreneurial activity. Economics of Development, 22(4), 53-63. doi: 10.57111/econ/4.2023.53.
  45. Simonović, Z., & Ilić, B. (2024). Complex business system management in an agro-industrial complex. In 4th international scientific conference “Sustainable agriculture and rural development” (pp. 265-274). Belgrade: Institute of Agricultural Economics.
  46. Sukier, H.B., Samper, M.G., Molina, R.I., Karam, M.S., Palencia, D.B., Ibanez, N.P., & Ruiz, M.J. (2024). Analysis of strategic marketing in small and medium-sized enterprises: Case of the bakery industry in Colombia. Procedia Computer Science, 231, 601-606. doi: 10.1016/j.procs.2023.12.178.
  47. Sutaguna, I.N.T., Achmad, G.N., Risdwiyanto, A., & Yusuf, M. (2023). Marketing strategy for increasing sales of cooking oil shoes in Barokah trading businessInternational Journal of Economics and Management Research, 2(1), 132-152.
  48. Thoan, L., Thuy, V.T., & Long, T.T. (2024). Does market competition make a difference in business strategy for listed companies? Cogent Business & Management, 11(1), article number 2312591. doi: 10.1080/23311975.2024.2312591.
  49. Tomashuk, I. (2023). Competitiveness of agricultural enterprises in market conditions and ways of its increase. Green, Blue and Digital Economy Journal, 4(1), 64-81. doi: 10.30525/2661-5169/2023-1-7.
  50. UN Comtrade Database. (n.d.). Retrieved from https://comtradeplus.un.org/Visualization/DADashboard.
  51. Unilever. (n.d.). Annual report and accounts. Retrieved from https://www.unilever.com/investors/annual-report-and-accounts/.
  52. Wijnands, J.H.M., Bremmers, H.J., van der Meulen, B.M.J., & Poppe, K.J. (2008). An economic and legal assessment of the EU food industry’s competitiveness. Agribusiness: An International Journal, 24(4), 417-439. doi: 10.1002/agr.20167.
  53. Wood, B., Williams, O., Nagarajan, V., & Sacks, G. (2021). Market strategies used by processed food manufacturers to increase and consolidate their power: A systematic review and document analysis. Globalization and Health, 17, article number 17. doi: 10.1186/s12992-021-00667-7.
  54. Yekimov, S., Oleksenko, R., Vokhidova, M., Aytimbetov, M., Kolokolchykova, I., Poltorak, A., & Volosyuk, Y. (2023). Investments in human capital in agriculture. E3S Web of Conferences, 452, article number 01005. doi: 10.1051/e3sconf/202345201005.
  55. Yekimov, S., Prodius, O., Chelombitko, T., Poltorak, A., Sirenko, N., Dudnyk, A., & Chernyak, V. (2022). Reengineering of agricultural production based on digital technologies. IOP Conference Series: Earth and Environmental Science, 981, article number 032005. doi: 10.1088/1755-1315/981/3/032005.
Petrova, O., Trybrat, R., Shevchuk, N., & Ziuzko, A. (2025). Economic analysis of marketing strategies to improve the competitiveness of food industry enterprises in the agro-industrial complex. Ekonomika APK, 32(3), 58-68. https://doi.org/10.32317/ekon.apk/3.2025.58