The Beverage Serving Activities Sector in Turkey has exhibited dynamic growth over the years, reaching 13.04 Billion New Turkish Liras in 2023. From 2013 to 2023, the sector saw significant fluctuations, most notably a dip in 2020, with an 18.71% decline, followed by a robust recovery in 2021 with a 24.77% increase. The year-on-year growth in 2022 and 2023 was 17.24% and 13.56%, respectively. The sector has experienced an average annual growth rate (CAGR) of 8.23% over the past five years. Looking ahead, the sector is anticipated to grow at a forecasted CAGR of 5.4% over the next five years, with an overall growth rate of 30.09% by 2028.
Future trends to watch for include the impact of economic fluctuations, changes in consumer behavior, and innovations in beverage offerings. Additionally, the adoption of sustainable practices and digital transformation within the sector could further influence growth trajectories and market dynamics.
