The household expenditure on food and soft drinks in Türkiye has shown significant fluctuations over the years. Between 2013 and 2023, expenditures varied, witnessing both increases and decreases. Notably, there was a considerable increase from 2019 to 2020 and again from 2021 to 2022. After peaking in 2022, the expenditure slightly decreased in 2023. Throughout this period, the average annual growth rate reflects modest positive trends, with the last five-year CAGR standing at 2.4% in 2023.
Looking ahead, the forecast until 2028 predicts a stabilization in household expenditure on food and soft drinks, with values expected to remain consistent at 14.3% of GDP. This indicates no expected growth over the next five years, suggesting that spending in this category will plateau.
Future trends to watch for include:
- Impact of economic conditions on consumer spending habits.
- Changes in inflation rates and their effects on household budgets.
- Shifts in consumer preferences toward healthier food and beverage options.
- Potential government policies affecting the food and soft drinks market.