Oksana Piankova 149 ISSN 2071-789X RECENT ISSUES IN ECONOMIC DEVELOPMENT Oksana Piankova, Food and Beverage Brand Development: Global Trends and Directions for Ukraine, Economics & Sociology, Vol. 7, No 2, 2014, pp. 149- 159. DOI: 10.14254/2071-789X.2014/7-2/12 Oksana Piankova FOOD AND BEVERAGE BRAND PhD, Assoc. Prof. Department of Management DEVELOPMENT: GLOBAL TRENDS National University of Food AND DIRECTIONS FOR UKRAINE Technologies Kyiv, Ukraine E-mail:
[email protected] ABSTRACT. The article presents the results of research on the development of international and Ukrainian brands, and also analyzes food and beverages brands position in Received: November, 2013 the Interbrand rankings and UkrBrand. Moreover, the 1st Revision: December, 2013 research studies the dynamics of their value and the Accepted: March, 2014 representation of world’s leading brands on the Ukrainian market in order to identify global trends and characteristics DOI: 10.14254/2071- of development in Ukraine. 789X.2014/7-2/12 JEL Classification: L66, P2 Keywords: brand, brand valuation, rating, Interbrand, UkrBrand. Introduction Food industry is the most important part of production. It is designed to ensure national food sovereignty and food security. Understanding the specific role of brands in business management helps to transform the knowledge into an effective tool that facilitates maintaining competitive position on the market and relationship with the consumer. The research contributed greatly to the theory of brand management, studies of definitions the terms: "brand" and "brand name", and also helped addressing questions regarding their development in the scientific heritage of the founders of marketing D. Aaker, T. Gad, F.