The market is dominated by domestic suppliers, as imports account for 1.0% of total market size in 2023. Households drive market demand, with household spending representing 94.0% of total demand in 2023. Turkey has the seventh largest market size for bakery products regionally, with demand reaching USD12.9 billion in 2023. Ulker Biskuvi San AS is the largest company in Turkey, generating 3.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.1% of total production value in 2023. The total number of companies increases in 2023, to 62,859 units. The costs of the industry increase by 13.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 36.5% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 11.2% of total production output. With production value of USD10.9 billion, Turkey accounts for 7.0% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Bakery Products in Turkey: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Turkey: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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