Ukraine's retail sector in 2025 demonstrated remarkable resilience: despite the ongoing war, the market not only survived but continued to consolidate. However, comparing domestic figures with global giants reveals a colossal gap in business scale. Over the past year, the total turnover of Ukraine's retail trade amounted to 2.09 trillion hryvnias (approximately $50.6 billion). For context: just one American corporation, Walmart, earned $681 billion in the same period. This is almost 13.5 times more than the entire Ukrainian market.

Global Gap in Scale

The figures vividly demonstrate how small Ukrainian retail is compared to global leaders. Walmart, being the wealthiest retailer on the planet, generates revenue that constitutes 35% of the total turnover of the top 10 largest FMCG chains in the world. For comparison, the second chain on the list, Costco, earned $275.2 billion, while the German Schwarz Group (owner of Lidl and Kaufland) earned $219.5 billion.

If we take Walmart's scale as a benchmark, all of Ukraine's retail trade accounts for only 7% of it. Even if we consider only the top 10 grocery chains in Ukraine, their combined revenue of $13.7 billion (27% of the country's total turnover) looks like a modest 2% of the income of a single American giant.

Leaders of the Ukrainian Market

Despite the global lag, fierce competition for dominance continues within the country. The market is clearly structured, and the "Big Three" retailers hold key positions:

  • ATB: The undisputed market leader with a turnover of 247.3 billion hryvnias. The chain holds a substantial market share of 40%, making it the main player in the sector.
  • Fozzy Group: The second most significant player. In 2025, the entire group of companies showed a financial result of 200.4 billion hryvnias (~$4.47 billion). At the same time, revenue specifically from grocery retail amounted to 165.9 billion hryvnias.
  • Novus: Completes the top three with revenue of 34.69 billion hryvnias (~$832 million). Notably, this chain demonstrates the highest margin among top players — 1.63%.

Who Controls the Shelves

Ukrainian grocery retail, despite external challenges, continues to grow and consolidate. Major chains such as ATB, Silpo, Novus, and Varus are shaping the trade landscape, controlling a significant portion of turnover. However, looking at the world map, where the Japanese chain 7-Eleven manages more than 86,000 outlets, it becomes clear that Ukrainian companies still have a long way to go to reach global scales.