Forecast: Turnover in Food and Beverage Service Activities Sector in Turkey

The food and beverage service activities sector in Turkey demonstrated significant growth from 38.44 billion in 2013 to 162.13 billion New Turkish Liras in 2023, with variations in annual growth rates. A notable dip occurred in 2020 due to the pandemic, followed by strong recovery post-2021. The sector exhibited a compound annual growth rate (CAGR) of 12.14% over the last five years. From 2024 to 2028, the sector is expected to grow at a more moderate CAGR of 6.59%, reflecting a slowing but steady increase in turnover.

Noteworthy trends and developments to observe in the future include:

  • Increasing digitalization and adoption of online ordering and delivery services.
  • Shifts towards healthier and sustainability-focused dining options.
  • Inflationary impacts on pricing and consumer spending behavior.
  • Expansion of international food chains and localized culinary innovations.

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