Forecast: Turnover in Meat Processing Sector in Turkey

The turnover in the Meat Processing Sector in Turkey has shown steady growth from 2013 to 2023, with the sector reaching 58.58 Billion New Turkish Liras in 2023, supported by an average annual growth (CAGR) of 10.3% over the last five years. Year-on-year growth has decelerated slightly in recent years, representing an increase of 8.29% from 2022 to 2023.

Future trends to watch for:

  • From 2024 onwards, projected values suggest continued growth, although at a somewhat decelerated 5-year CAGR of 5.02% from 2024 to 2028.
  • By 2028, the projected sector turnover is 80.52 Billion New Turkish Liras, representing a total increase of 27.74% over five years.
  • Key trends include increased consumer demand for meat products, advancements in processing technologies, and regulatory changes impacting the sector.

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