The production in the vegetable oil and animal fats sector in Turkey has experienced significant growth from 2013 to 2023, with a year-on-year variation peaking at 33.44% in 2020. Notably, the 5-year compound annual growth rate (CAGR) has shown strong double-digit growth, reaching 23.74% in 2022. However, projections from 2023 to 2028 indicate a more moderate 5-year CAGR of 8.07%.
Future Trends to Watch: The sector is expected to maintain steady growth, primarily driven by increasing domestic consumption and export demand. Innovations in production technology and sustainability practices will play crucial roles in shaping the future landscape.
