Turkey Foodservice Market Assessment, Channel Dynamics, Customer Segmentation, Key Players and Forecast to 2025

“Turkey Foodservice Market Assessment, Channel Dynamics, Customer Segmentation, Key Players and Forecast to 2025” published by the publisher provides extensive insight and analysis of the Turkish Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Turkish foodservice profit sector contracted by a CAGR of 3.5% from 2015-2020. The introduction of COVID-19 restrictions and operational restrictions across on-premise channels forced many outlets to shut down. To decelerate the decline many operators migrated towards deliveries and take-aways in 2020 to gain from the increased number of consumers staying home. However, the foodservice industry is projected to rebound over the forecast period, supported by economic growth the adoption of online delivery platforms.

The report includes:

• Overview of Turkey's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Turkey's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop) within Turkey's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Turkish population.

Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

Scope

• FSR is the largest channel in the Turkish foodservice profit sector by revenue, representing 30.1% of total sector revenue in 2020. The QSR is the second most prominent channel, with a market share of 23.7%. FSR’s large market share can be attributed to its high number of transactions and a significantly higher number of outlets when compared to other channels.
• The FSR channel registered a decline in outlet growth during 2015-2020. The total number of outlets in the FSR channel decreased at a CAGR of 0.4% during this period. Meanwhile, QSR channel registered an increase in outlet growth during same period.
• Delivery and takeaway transactions surged in 2020 owing to the restrictions on the operation of restaurants and cafes and the implementation of social distancing norms amid the pandemic.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2020-2025) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and Coffee & Tea shop) will allow readers understand the wants and needs of their target demographics.