Abstract
The aim of the article is to study the problems of functioning and find ways to improve the development of the food industry of Ukraine taking into account modern global financial, economic and technological trends of the economy, as well as identify all positive and negative factors of the industry in the new industry. Ukraine's food industry is extremely important for the country's economy, and food production always deserves special attention in the state economic policy and food security of the country. An analysis of the indicators of agricultural production and the level of self-sufficiency in food revealed an anomalous phenomenon, namely, the higher the size of gross output per 1 ha, the lower the level of self-sufficiency in food. An analysis of the indicators of agricultural production and the level of self-sufficiency in food revealed an anomalous phenomenon, namely, the higher the size of gross output per 1 ha, the lower the level of self-sufficiency in food. It is concluded that: Ukraine has a strong agri-food potential to be able to maximize consumer demand for its own food products, but there are no appropriate legal and institutional platforms; The main problems in the development of the food industry are its focus on the export of raw materials and non-compliance with international standards that block access to international markets. Given the prospects for the development of the food industry and SWOT-analysis, it is reasonable that the state should consider the food industry "flagship" of economic prosperity and solve problems to support and strengthen the position of Ukrainian producers in industrial markets of other countries. The food industry should focus on the development of production of high-tech innovative products with added value, which will increase the competitiveness of food products and the level of industrial processing. The increase in the production of goods with high added value opens up opportunities for Ukraine to increase exports, leading to significant growth in the country's economy. The research results and conclusions can be used in the practical activities of public authorities and local governments aimed at ensuring food security, for the development of food industry development programs, in the development of state programs of socio-economic development.
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