The sugar beet feed market in Turkey has witnessed significant fluctuations over the past years. From 2014 to 2018, the industry saw both rapid increases and sharp declines, notably a substantial 43.2% rise in 2015 followed by a 41.29% drop in 2017. Starting in 2019, a more stable trend emerged, though with a general decline, including a slight decrease of 0.76% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -1.84%, reflecting an overall downward trajectory.
Looking ahead to future trends from 2024 onwards, forecasts indicate a continued gentle decline in sugar beet feed production, with an anticipated 0.47% annual decrease and a total projected reduction of about 2.31% by 2028. Factors to monitor include technological advances in beet cultivation, changes in agricultural policy, and potential shifts in domestic and global market demand.
