In 2023, Turkey's domestic food consumption of palm oil stood at 575.0 thousand metric tons. The forecasted data suggest a steadily increasing trend in consumption. From 2024 to 2028, the annual consumption is projected to rise from 585.0 thousand metric tons to 626.0 thousand metric tons. The year-on-year growth rate from 2024 to 2025 is approximately 1.71%, and from 2025 to 2026 is around 1.68%. The average annual growth rate (CAGR) over the five-year period is roughly 1.72%.
Future trends to watch for include potential regulatory changes in food ingredients, consumer shifts towards sustainable products, and fluctuations in global palm oil supply which may impact domestic consumption patterns. Monitoring these factors will be crucial for accurately forecasting and strategizing in the palm oil market.
