Research – Turkey’s beverage market resilient in the face of adverse economic climate

In absolute volume terms, Turkey was the third strongest growing soft drinks market in the world last year, generating 1.6bn litres of new business, according to data from Euromonitor International. Only China and Mexico, with yield increases of 4.5bn and 2bn litres respectively, performed better. But, with the global financial crisis pushing Turkey’s economy into a forecast contraction of over 5% this year, what is the soft drinks prognosis going forward? Rob Walker, senior non-alcoholic drinks analyst at Euromonitor International, investigates.