Dairy Products & Eggs - Turkey

Turkey

Revenue in the Dairy Products & Eggs market amounts to €18,220.00m in 2024. The market is expected to grow annually by 8.41% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€161bn in 2024).
In relation to total population figures, per person revenues of €211.20 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 7,095.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.3% in 2025.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 75.1kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

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Analyst Opinion

The Dairy Products & Eggs market in Turkey has been seeing minimal growth, impacted by factors such as changing consumer preferences, government regulations, and competition from substitute products. However, with an increasing focus on health and wellness, there is potential for growth in sub-markets such as Milk Substitutes and Yogurt Substitutes as consumers seek alternatives to traditional dairy products. The convenience of online shopping may also drive growth in the overall market as more consumers turn to e-commerce for their food purchases.

Customer preferences: As consumers become more health-conscious, there is a growing demand for organic and locally sourced dairy products and eggs. This trend is driven by a desire for natural and sustainable options, as well as concerns over food safety and environmental impact. Additionally, the rise of plant-based diets has led to an increase in alternative dairy products such as almond milk and vegan cheese. This shift towards healthier and eco-friendly choices is expected to continue in the coming years.

Trends in the market: In Turkey, the Dairy Products & Eggs Market is experiencing a rise in demand for organic and locally sourced products, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with a focus on sustainable and ethical practices in the production of dairy and egg products. Additionally, there is a growing trend towards plant-based alternatives, as more consumers opt for dairy-free options. These trends have significant implications for industry stakeholders, as they will need to adapt their production and marketing strategies to meet changing consumer preferences. This also presents opportunities for new players to enter the market with innovative products that cater to these emerging trends.

Local special circumstances: In Turkey, the Dairy Products & Eggs Market is heavily influenced by the country's rich agricultural heritage and strong dairy farming industry. This has led to a wide variety of locally produced dairy and egg products, such as traditional cheeses and yogurt, which are favored by Turkish consumers. Additionally, the government's efforts to boost domestic production and reduce reliance on imports have resulted in regulations that favor local producers, creating a competitive advantage for them in the market. Furthermore, the country's diverse culinary culture, with a strong emphasis on dairy and egg-based dishes, has also contributed to the growth and demand for these products in the market.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Turkey is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's strong economic growth and increasing disposable income have resulted in a growing demand for dairy products and eggs. Furthermore, government initiatives to promote dairy production and consumption have also played a significant role in the market's growth. However, fluctuations in global milk prices and trade policies can impact the market's performance, highlighting the need for stable economic conditions and favorable regulatory environments to sustain market growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.