The beef meat market in Turkey has seen a steady increase in volume from 0.909 million metric tons in 2014 to 1.14 million metric tons in 2023. The actual year-on-year growth rate for 2023 was 1.15%. Over the past two years, the market demonstrated growth rates of 1.25% in 2022 and 1.15% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 0.99%. Forecasts project continued modest growth with a CAGR of 0.85% from 2024 to 2028, reaching a volume of 1.21 million metric tons in 2028.

Future trends to watch for:

Potential disruptions in supply chains that could impact market volumes.
Changes in consumer preferences towards alternative protein sources.
Regulatory changes affecting the beef industry and import-export dynamics.
Technological advancements in meat production impacting overall market efficiency.