The meat processing sector in Turkey has shown consistent growth from 2013 to 2023, achieving a value of 52.76 Billion New Turkish Liras in 2023. Over the last two years, the sector experienced a year-on-year variation of 8.04% in 2022 and 7.37% in 2023. The compound annual growth rate (CAGR) over the past 5 years was 9.26%, indicating strong, sustained growth despite some fluctuations.
Looking forward, the industry is expected to maintain a growth trajectory, albeit at a slightly slower pace. The forecasted CAGR for the next five years through 2028 stands at 4.55%, with an overall growth rate of 24.93% from 2024 to 2028.
Future trends to watch for include:
- Technological advancements in meat processing and automation.
- Regulatory changes impacting meat production and safety standards.
- Shifts in consumer preferences towards organic and sustainable meat products.
- Impact of global trade policies on meat exports and imports.
