Based on the data from 2013 to 2023, the production value in Turkey's dairy products sector increased significantly from 17.97 billion to 82.58 billion New Turkish Liras. This growth corresponds to a Compound Annual Growth Rate (CAGR) of 17.38% over the last five years. The year-on-year growth rate shows variations, with notable spikes in 2018 (29.12%) and steady but slowing increases towards 2023. The projections indicate continued growth, reaching 128.22 billion by 2028, with a forecasted five-year CAGR of 6.89%.
Future trends to watch for include potential impacts from global market dynamics, innovations in dairy production technology, changes in consumer preferences for dairy products, and economic conditions in Turkey that may influence production costs and demand. Attention to regulatory changes and sustainability practices will also be crucial for maintaining growth momentum.
