Turkey food service
market is expected to register a CAGR of 5.85% and is expected to reach a
market size of USD 10,359.95 million by 2027F on account of wide variety of
food options, increasing preference for dining out, changing lifestyles, a
large number of youthful and working population, increasing preference for
international cuisine, etc. these are the certain factors propelling the food services
market forward.
Turkey's hotels,
restaurants, and institution (HRI) industry, valued at several billion dollars,
accounts for around 6% of the country's overall food and beverage market. In
Turkey, there are approximately 3,800 hotels, 5,000 catering businesses, over
150,000 eateries, and 360 shopping centers with food courts.
Moreover, within the
Turkish culture the importance of communal dining is quite high owing to the
belief that the socialization technique promotes the strengthening of bonds
between friends and families. As a result, dining out with others is embedded
in Turkish culture. This is one of the crucial factors for the growth of food
service market in Turkey.
Turkish households is
witnessing a significant increase in working population and dual incomes. Therefore, the Couples and parents
are frequently too busy to sit down and prepare meals, which has caused a rise
in the number of Turks who prefer to eat out or order home delivery.
With most individuals
working from home following the COVID-19 pandemic, the food service sector has seen a
subsequent decline in demand in Turkey. The industry was impacted due to the
reduction in restaurant dine-in capacity to 50% in the initial stage followed
by the closure of all dine-in spaces. However, the food delivery industry,
which is dominated by Yemeksepeti, Getir Yemek, and other applications, saw an
increase in business as a result of the interruptions due to COVID-19 lockdown
protocols. Moreover, in order to attract customers and maintain business
operations, restaurateurs began to list themselves on these sites.
Additionally, as customer adoption of food delivery applications started to
rise, delivery-only kitchens or cloud kitchens started to prosper.
Variety of Cuisines Drives the Market Growth
Owing to its unique location at the
intersection of three continents—Europe, Asia, and the Northern Africa as well
as the centuries-long migration of Turks from Central Asia to Europe, Turkish
cuisine is among the most diverse in the world. The well-traveled, thriving
middle class is willing to spend money on dining experiences that are
comparable to those found around the world because they are exposed to
international trends in terms of newer formats and cuisines as well as seamless
interaction made possible by the growth of multiple communication channels such
as the internet and mobile phones. With the cultural influence, various domestic
chains are competing with the international chains in order to promote the
traditional food culture of the country. The most recent development in the
food service sector that is driving demand is the advent of an application that
guides purchasers and makes it easier for them to pick products based on their
preferences.
Growing Tourism is Fueling the Market
Growth
With 15.5 million residents living on
both sides of the Bosphorus Strait, Istanbul is a distinctive transcontinental
city. Owing to the presence of major tourist sites in Fatih, Sariyer, Sisli,
and Beyoglu as well as the availability of 500+ lodging facilities with
100,000+ beds, travelers favor the Istanbul’s European side. The peacefulness
and rich cultural past of the Asian side's tourist destinations, Kadikoy and
Uskudar, are well-known. Before the pandemic had an impact on the tourism
industry, Istanbul saw a record-high 14.9 million foreign visitors in 2019. Due
to the large number of tourists, Istanbul is a well-known destination for the
food and beverage industry.
Increasing
Share of Food Delivery and Take-away Aids Market Growth
The population's increasingly busy lives
and hectic schedules, , easy access to internet, rising e-commerce usage, increasing
demand for hygienic fast food, and growing popularity for online food ordering are
certain factors that have encouraged a number of food chain restaurants to turn
to online distribution channels to increase their overall sales. Significantly,
even restaurants altered their outlook and grew more dependent on online food
delivery platforms in Istanbul. Yemeksepeti, one of the major players in meal
delivery, which has added more than
32,000 restaurants in 2020. There is a sizable addressable market, which led
companies such as Zomato, Trendyol Yemek, Fuudy, and Tikla Gelsin to introduce
their services in Turkey.
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Market Segmentation
The Turkey food service market is
segmented based on type, ownership, domestic vs. international, region, and competitive
landscape. Based on type, the market is further fragmented into Dining
Service (Hotels, Restaurants), PBCL
(Pubs, Bars, Cafes and Lounges), QSR (Quick Service Restaurants), and Others
(Cafeteria, Cloud Kitchen, Vending Companies). On the basis of Ownership, the market
is segmented into Standalone Outlets and Chained Outlets. The chained outlet
category is further segmented into domestic and international brands. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among Marmara,
Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, and
Eastern Anatolia.
Company Profiles
TAB
Gida San ve Tic AS, Shaya Kahve San ve Tic AS, Pizza Restaurantlari AS, Anadolu
Endüstri Holding AS (McDonald's), Yasar Dondurma ve Gida AS, Komagene (Yörpas
Yöresel Yiyecekler AS), Tavuk Dünyasi (TD Gida Sanayi ve Tic Ltd Sti), Kahve
Dünyasi (Altiniliclar Gida San. Ve. Tic. Ltd. Sti.), Oses (Oses Grup Gida San
ve Tic Ltd Sti), Dogus Grubu, etc.,
are among the major market players in Turkey that lead the market growth of the
Turkey food service market.
Attribute
|
Details
|
Market Size
Value in 2021
|
USD 7,175.99
Million
|
Revenue
Forecast in 2027F
|
USD 10,359.95 Million
|
Growth Rate
|
5.85%
|
Base Year
|
2021
|
Historical Years
|
2017 – 2020
|
Estimated
Year
|
2022E
|
Forecast
Period
|
2023F– 2027F
|
Quantitative
Units
|
Revenue in USD Million, and
CAGR for 2017-2021 and 2022-2027F
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments Covered
|
·
Type
·
Ownership
·
Domestic Vs. International Brands
·
Region
·
Company
|
Regional Scope
|
Marmara, Central
Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, Eastern
Anatolia
|
Key Companies
Profiled
|
TAB Gida San. Ve. Tic. AS, Shaya Kahve San ve Tic AS, Pizza
Restaurantlari AS, Anadolu Endüstri Holding AS (McDonald's), Yasar Dondurma
ve Gida AS, Komagene (Yörpas Yöresel Yiyecekler AS), Tavuk Dünyasi (TD Gida
Sanayi ve Tic. Ltd. Sti.), Kahve Dünyasi (Altiniliclar Gida San Ve Tic Ltd
Sti), Oses (Oses Grup Gida San ve Tic Ltd Sti), Dogus Grubu
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
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Options
|
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|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|
Report Scope:
In this report, Turkey food service market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
- Turkey Food Service Market, By Type:
- Dining Service (Hotels,
Restaurants)
- PBCL (Pubs, Bars, Cafes and
Lounges)
- QSR (Quick Service Restaurants)
- Others (Cafeteria, Cloud Kitchen,
Vending Companies)
- Turkey Food Service Market, By Ownership:
- Standalone Outlets
- Chained
Outlets
- Turkey Food Service Market, By Domestic Vs. International
Brands:
- Turkey Food service Market, By Region:
- Marmara
- Central
Anatolia
- Mediterranean
- Aegean
- Southeastern
Anatolia
- Blacksea
- Eastern
Anatolia
Competitive Landscape
Company
Profiles: Detailed analysis
of the major companies present in Turkey food service market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).