Turkey: Retail Foods

  |   Attaché Report (GAIN)

Despite the slowdown in the growth of the Turkish economy in general, the food retail sector is expected to grow eight percent annually. The total retail sector in Turkey reached US$214 billion in 2015 and is expected to reach US$290 billion by 2018, fueled by increasing disposable income levels and strong consumer demand. The share of food in the total retail sector is roughly 62 percent, worth US$137 billion.Discount supermarket chains continue to dominate the food retail sector. Private label products are increasing their share against branded products and the number of discount stores are still increasing at a fast pace. Meanwhile, as profit margins get smaller, some players are seeking growth by concentrating on sales rather than high profit shares, increasing efficiency and cutting costs, and via mergers and acquisitions.

Turkey: Retail Foods

Related Reports

Attaché Report (GAIN)

United Kingdom: Labeling Requirement Update 2022

Following the United Kingdom’s departure from the European Union, U.S. food exports are now required to follow new UK labeling requirements. Additionally, exporters should consider current labeling trends followed by UK manufacturers and private...
Attaché Report (GAIN)

Australia: Stone Fruit Annual

Stone fruit production in Australia is forecast to increase in marketing year (MY) 2022/23, following a MY 2021/22 season that was impacted by a shortage of labor supply at harvest, export freight logistical challenges borne about by the COVID-19...
Attaché Report (GAIN)

Ukraine: FAIRS Export Certificate Report Annual

There were no new bilateral certificates negotiated during the period from the second half of 2021 through the first half of 2022. The Export Certificate Matrix was updated to include only bilaterally negotiated certificates. In 2020, Ukraine...