The meat market size in Turkey showed consistent growth from 2014 through 2023, reaching 3.42 million metric tons in 2023. Observing year-on-year variations, noteworthy trends include a significant 8.39% increase in 2017 and more moderate growth in recent years, with an average annual growth rate (CAGR) of 1.04% over the last 5 years. The latest period from 2022 to 2023 showed a 1.06% increase, indicating steady albeit slow growth.
Forecasts suggest that the market will continue growing at a moderate pace, reaching 3.59 million metric tons by 2028, with a 5-year forecasted CAGR of 0.77%, resulting in a total growth rate of 3.9% over this period.
Trends to watch for:
- Shift towards sustainable and alternative meat products due to rising health and environmental awareness.
- Growth in local production capacities and potential export opportunities.
- Impact of economic policies and global market fluctuations on domestic meat prices and consumption.