The duck meat slaughtering industry in Turkey experienced considerable growth from 2013 to 2018, with notable year-on-year increases such as 19.19% in 2017 and 8.84% in 2018. However, the growth trend slowed from 2019 onwards with some fluctuations, including declines in 2019 and 2020. By 2023, the industry stood at 467.0 thousand units, a slight year-on-year increase of 0.21%. The compound annual growth rate (CAGR) for the five years leading up to 2023 showed a modest decline of -0.55%. Forecast data suggest a stagnating trend with minimal growth, indicated by a forecasted CAGR of 0.06% for the next five years.
- The industry expanded significantly from 2013 to 2018, driven by increased demand and production efficiency.
- Post-2018, the industry faced volatility with marginal growth and occasional decline, stabilizing around mid-2020s.
- The forecast until 2028 predicts negligible growth, indicating market saturation or external challenges affecting the industry.
Future trends to watch for include potential impacts of economic policies on agriculture, changes in consumer preferences towards alternative proteins, and technological advancements in poultry farming that might drive productivity and efficiency in the duck meat sector.
