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Food Turkey November December 2018

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through to flours, and confectionery,<br />

<strong>Turkey</strong> makes the lot.<br />

Given its economic importance, <strong>Turkey</strong>’s<br />

food production sector is huge<br />

– and holds plenty of scope for foreign<br />

manufacturers, ingredients suppliers<br />

and machinery producers to boost<br />

their revenues.<br />

Breaking down <strong>Turkey</strong>’s food<br />

processing sector<br />

The food and beverage sector covers<br />

roughly 19.7% of <strong>Turkey</strong>’s $718.2 billion<br />

GDP, according to a United States<br />

Department of Agriculture (USDA)<br />

report, giving it a market valuation in<br />

the region of $141.4 billion. Turkish<br />

food and drink exports total around<br />

$15 billion annually, so you can image<br />

the economic importance of the production<br />

industry.<br />

<strong>Turkey</strong> is a world leader in the production<br />

and processing of hazelnuts,<br />

apricots, figs, cherries, sour cherries,<br />

quinces, raisins, and poppy seeds.<br />

Emerging sectors include frozen and<br />

canned goods, olive and vegetable oil,<br />

seafood and alcoholic beverages.<br />

There are over 42,000 registered<br />

producers operating in the country,<br />

according to the Turkish Federation of<br />

<strong>Food</strong> Beverage and Industry Associations.<br />

Roughly 95% are small or medium<br />

enterprises (SMEs).<br />

<strong>November</strong>-<strong>December</strong> <strong>2018</strong> FOOD TURKEY 75

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