In Turkey, the turnover in the Beverage Serving Activities sector stood at 14.42 Billion New Turkish Liras in 2023, experiencing a 13.97% year-on-year increase from 2022. This follows significant growth in previous years, barring a notable decline in 2020 due to disruptions. Over the last five years, the compound annual growth rate (CAGR) has been 9.05%.
The future looks optimistic, with turnover forecasted to rise to 20.69 Billion New Turkish Liras by 2028, reflecting a 5.67% CAGR over the next five years, translating to a 31.78% growth rate.
Future trends to watch for:
- Continued recovery and growth post-pandemic.
- Innovations in the beverage sector responding to changing consumer preferences.
- Impact of economic policies and inflation on consumer spending.
- Expansion of digital and delivery services within the sector.
