Veal and beef production at the farm gate in Turkey has experienced significant fluctuations over the past decade. From 2013 to 2016, production values rose steadily, peaking in 2016. However, it faced a sharp decline beginning in 2017, reaching a low in 2020. The sector showed signs of recovery in subsequent years, with a value of 5.68 billion Euros in 2023, representing a year-on-year increase of 6.47%. The CAGR for the last five years sits at a modest 2.37%. Forecasts indicate a gradual but steady growth in production value up to 2028, with a five-year CAGR of 1.51% and an overall growth rate of 7.79% from 2023 to 2028.
Future trends to watch for:
- Impact of climate change on beef and veal production
- Changes in consumer preferences towards plant-based alternatives
- Government policies and subsidies affecting livestock farming
- Technological advancements in farming practices
