Turkey's per-capita food consumption value sales expected to grow to 7% by 2016, up from current 6.4%, new report says; beer volume sales forecast to grow to 3.8% by 2016, up from current 1.5%
March 30, 2012
– Research and Markets (http://www.researchandmarkets.com/research/92653c67/turkey_food_and_dr) has announced the addition of the "Turkey Food and Drink Report Q2 2012" report to their offering.
Although Turkey's medium-term macroeconomic outlook has deteriorated significantly in recent months owing to a confluence of domestic and external factors, we still view the country's food and drink market as one of the most promising globally. Our outlook is supported by the country's large and growing population base and aspiring consumers, who are increasingly looking for convenience and novelty. The development of modern mass grocery retail (MGR) outlets will continue to support the development of both values and volumes of food and drink products.
Headline Industry Data
- 2012 per capita food consumption value sales = 6.4%; forecast compound annual growth to 2016 = 7.0%.
- 2012 beer volume sales = 1.5%; forecast compound annual growth to 2016 = 3.8%.
- 2012 mass grocery value retail sales = 12.7%; forecast compound annual growth to 2016 = 12.6%.
Key Company Trends Turkish Confectionery Sector Continues to Attract Multinational Interest - In January 2012, Italian confectionery firm Ferrero was reported to be planning a new EUR90mn (US$124mn) confectionery facility in Turkey. The site, located in Manisa province, is expected to be operational by 2013. Ferrero aims to target the growing Turkish retail market for packaged products, in particular chocolate, as Turkey has seen its growth rate for chocolate exceed the rest of Western Europe over the five years to 2011. Ferrero will initially employ 200 staff, with plans to hire a further 200 when operations grow.
Local Bottled Water Producer Acquired by Agthia Group - In December 2011, UAE-based food and beverage company Agthia Group acquired Turkish spring water manufacturer Pelit Su. Agthia Group Chairman Rashed Mubarak Al Hajeri said that the acquisition was indicative of the company's plans for global growth in various sectors of the food and beverage industry.
- ?lker Group
- Nestl? Turkey
- Sabanci Holding
- Anadolu Efes
- Coca-Cola I?ecek (CCI)
- Migros Turk
- Tesco Kipa
For more information visit http://www.researchandmarkets.com/research/92653c67/turkey_food_and_dr
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