Expectations the Turkish food market will exceed $40 billion

The international company “Deloitte” (headquartered in London) expects that the food service market in Turkey will grow by 86 percent over the next three years, to exceed 770 billion Turkish liras (about 40 billion dollars).

The leading company in providing auditing and financial advisory services said in a statement Thursday that it issued a report on the Turkish food service market in which it surveyed the full-service daily restaurant chains that make up the bulk of food services in Turkey.

According to the report, the size of the Turkish food services market was estimated at 144 billion Turkish liras (about $7.5 billion) in 2021, of which full-service restaurants constituted the largest segment, with a share of nearly 40 percent.

The report indicated that the market achieved a growth of 16.3 percent between 2016-2021, despite the decline in sales caused by the Corona pandemic and the closure of many branches in 2020.

And he indicated that the food services market in Turkey is expected to reach 415 billion liras (about 21.5 billion dollars) in 2023 and grow by 86 percent in 2026 to reach 770 billion liras (about 40 billion dollars).