The forecasted palm kernel oil domestic food consumption in Turkey remains stable at 72.0 thousand metric tons from 2024 to 2025. A gradual decline is then projected, with consumption decreasing to 71.0 thousand metric tons in 2026 and 2027, and further down to 70.0 thousand metric tons in 2028. As of 2023, actual consumption stood at 72.0 thousand metric tons. Over the last two years, the consumption is projected to decline by around 1.39% year-on-year. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 indicates a slight negative trend.
Future trends to watch for include changes in dietary preferences, potential policy shifts regarding the use of palm oil in food products, and the impact of sustainability and health-related campaigns on consumer behavior. These factors could either stabilize the consumption or lead to further decline.
