Turkey Food and Drink Report Q3 2014

Turkey Food and Drink Report Q3 2014

Published: June 2014
Publisher: Business Monitor International (BMI)
Product ref: 213833
Pages: 149
Format: PDF
Delivery: Immediate download

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BMI View: We believe that Turkish economic growth, and therefore the Turkish consumer, will face headwinds in the coming months. We hold a below-consensus view on real GDP and private consumption growth, which will ultimately lead to slower growth in the food, drink and mass grocery retail industries. However, we believe that the country offers one of the best global opportunities in terms of consumer expenditure growth. Turkey's large and youthful population will experience greater income growth as our forecast period to 2018 develops, which will help drive food and drink consumption. Multinational FMCG and retail firms are investing in the country at an increasing pace. We see the ongoing formalisation of the food, drink and mass grocery retail industries forming the backbone of our bullish long-term view on Turkey.

Headline Industry Data ¦ 2014 food consumption sales (local currency) growth: +9.9%; compound annual growth rate (CAGR) 2013 to 2018: +9.9%. ¦ 2014 food consumption per capita sales (local currency) growth: +8.6%; CAGR to 2018: +8.8%. ¦ 2014 alcoholic drinks value sales (local currency) growth: +9.3%; CAGR to 2018: +9.4%. ¦ 2014 soft drinks value sales (local currency) growth: +9.9%; CAGR to 2018: +10.7%. ¦ 2014 mass grocery retail sales (local currency): +11.7%; compound annual growth rate (CAGR) to 2018: +12.3%.

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By sector: General drinks

By market: Turkey (in Asia)


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