The concept of formation and development trends of the local food industry market in the context of intensifying the integration interaction of its participants

Abstract

Local food markets represent the interaction of local producers and consumers of food products. Scientists show solidarity, highlighting demand, supply, prices and competition as the main elements of market conditions, and producers and consumers of goods specific to a particular market as the main subjects of market interaction. The peculiarity of the local food market is the concentration of market agents on the territory of a certain region and the implementation of their interaction in accordance with the restrictions and, conversely, the prerequisites for the development of local communities that form the supply and demand of food products, taking into account the technological features of their production. The spread of integration processes leads to the fact that there is competition between integrated structures. Within the framework of alliances and partnerships, the subjects of local markets strengthen their competitive positions by combining the resources, skills, experience, i.e. the competencies of the participants. Actors in food markets have the opportunity to fight for international leadership, gain market positions that ensure the sustainability of their future position. At the same time, there is cooperation between participants who previously competed with each other. The conceptual provisions of the functioning and development of the local food industry market are a set of author's views on the problem of integration interaction of regional actors in the form of holdings, clusters, networks and other geographically localized structures, with the participation of regional economic entities that form and regulate supply and demand in the food industry market in accordance with the targets of regional development, taking into account the limitations and prerequisites for meeting the needs of the population in high-quality food products of their own production.