The fruit and vegetable processing sector in Turkey has experienced substantial growth from 2013 to 2023, with turnover increasing consistently each year. By 2023, the sector stood at 126.42 billion New Turkish Liras, reflecting a series of year-on-year growth figures such as the 17.64% increase in 2022 and a 14.84% rise in 2023. Over the past five years, the compounded annual growth rate (CAGR) was an impressive 21.48%.
From 2024 onwards, this sector is expected to maintain positive momentum but with a more moderated growth rate. The forecasted CAGR for the next five years is 7.6%, indicating a slowing but stable expansion, culminating in a 44.25% growth to 205.7 billion New Turkish Liras by 2028.
Future trends to watch for:
- Increasing demand for processed fruit and vegetables driven by changing consumer preferences towards convenience foods.
- Innovations in processing technology and sustainability practices which may further streamline operations and reduce costs.
- Potential impacts of economic policies and global trade conditions on the sector's growth trajectory.
