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Food Turkey Magazine May 2019

Food Turkey Magazine May 2019

Food Turkey Magazine May 2019

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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, apricots,<br />

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

raisins, and poppy seeds. Emerging<br />

sectors include frozen and canned<br />

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

and alcoholic beverages.<br />

There are over 42,000 registered producers<br />

operating in the country, according<br />

to the Turkish Federation of<br />

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

Roughly 95% are small or medium<br />

enterprises (SMEs). q<br />

50 <strong>Food</strong> & Ingredients TURKEY <strong>May</strong> <strong>2019</strong>

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