Market by Type and Distribution Channel | Forecast 2023-2028
Triton Market Research estimates that the Turkey
edible oil market is expected to project growth at CAGRs of 10.69% in revenue and 5.63%
in volume during the forecast period 2023-2028. It is
expected to generate $XX million in terms of revenue and XX million liters in
terms of volume by 2028.
Edible oil, also known as cooking oil, is a type
of fat obtained from plants, animals, or microorganisms. It comprises triglycerides,
i.e., three fatty acids and one unit of glycerol. Edible oils are in a
liquid state at room temperature, making them suitable for cooking. Olive oil,
palm oil, soybean oil, canola oil, and sunflower oil are some common edible
oils used to flavor foods.
The nutritional value of food is improved by
using oils and fats. Edible oils are high in energy and deliver essential
nutrients to the body, such as vitamins A and D. At high temperatures, such as
frying, they serve as a heat transfer medium. Furthermore, their use improves
the taste sensation in spreads and salad dressings, adding flavor and texture
to various foods. The Turkish Ministry of Agriculture supervises the
production, packaging, and distribution of edible oil in the country to ensure the
safety of consumers.
Following the pandemic, Turkey experienced a
surge in tourism, which drove up demand for food services. Over the forecast
period, the sales of edible oils will likely increase as cafes and bars reclaim
their popularity. Additionally, the growing consumption among high-end
consumers is set to back edible oil sales. Besides, the popularity of the
Mediterranean diet and the trend toward healthy living has elevated the demand
for olive oil. As a result, several regional producers are competing to earn
shelf space. Thus, the Turkish edible oil market will grow owing to these
favorable trends.
However, the country’s agricultural sector
sustained losses due to natural disasters, which lowered production and raised
the price of finished goods. In 2022, people are set to stock up on cooking
oils due to projected shortages of sunflower oil and anticipated price
increases. The Turkish government, in this regard, has intervened to handle the
situation, ceasing cooking oil exports and eliminating tariffs on imported oils.
Unexpected events like these could hamper Turkey’s edible oil market.
Triton
Market Research’s report provides in-depth insight into Turkey edible oil
market, along with segmentation analysis. The detailed analysis of the market
includes PESTLE analysis and value chain analysis. The segmentation analysis of
the Turkey edible oil market includes market by type and distribution
channel.
The established players in the edible oil market are BIM Birlesik
Magazacilik AS, Ana Gida Ihtiyac Maddeleri San AS, Savola Group, and Trakya
Yagli Tohumlar Orkide AS.
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VIEW REPORT1. TURKEY
EDIBLE OIL MARKET - SUMMARY
1.1. MARKET
SIZE & FORECASTS
1.2. MARKET
DRIVING ASPECTS
1.3. MARKET
RESTRAINING ASPECTS
1.4. KEY
PLAYERS
2. TURKEY
EDIBLE OIL MARKET OUTLOOK
2.1. MARKET
DEFINITION
2.2. MARKET
SHARE ANALYSIS
2.3. BRAND
SHARE ANALYSIS
2.4. PESTLE
ANALYSIS
2.5. VALUE
CHAIN ANALYSIS
2.6. IMPACT
OF COVID-19 ON THE TURKEY EDIBLE OIL MARKET
3. TURKEY
EDIBLE OIL MARKET – BY TYPE (IN $ MILLION & IN MILLION LITERS)
3.1. OLIVE
OIL
3.2. CORN
OIL
3.3. SUNFLOWER
OIL
3.4. OTHER
EDIBLE OILS
4. TURKEY
EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)
4.1. RETAIL
CHANNEL
4.2. E-COMMERCE
5. COMPETITIVE
LANDSCAPE
5.1. BIM
BIRLESIK MAGAZACILIK AS
5.2. ANA
GIDA IHTIYAC MADDELERI SAN AS
5.3. SAVOLA
GROUP
5.4. TRAKYA
YAGLI TOHUMLAR ORKIDE AS
6. RESEARCH
METHODOLOGY & SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE 1: TURKEY
EDIBLE OIL MARKET 2023-2028 (IN $ MILLION)
TABLE 2: TURKEY
EDIBLE OIL MARKET 2023-2028 (IN MILLION LITERS)
TABLE 3: TURKEY
– COUNTRY SNAPSHOT
TABLE 4: TURKEY
EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN $ MILLION)
TABLE 5: TURKEY
EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN MILLION LITERS)
TABLE 6: TURKEY
EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 1: TURKEY EDIBLE OIL MARKET, MARKET
SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 2: TURKEY EDIBLE OIL MARKET, BRAND SHARE
ANALYSIS, 2020 & 2021 (IN %)
FIGURE 3: VALUE CHAIN ANALYSIS
FIGURE 4: TURKEY EDIBLE OIL MARKET, BY TYPE,
2022 & 2028 (IN %)
FIGURE 5: TURKEY EDIBLE OIL MARKET, BY OLIVE
OIL, 2023-2028 (IN $ MILLION)
FIGURE 6: TURKEY EDIBLE OIL MARKET, BY CORN
OIL, 2023-2028 (IN $ MILLION)
FIGURE 7: TURKEY EDIBLE OIL MARKET, BY
SUNFLOWER OIL, 2023-2028 (IN $ MILLION)
FIGURE 8: TURKEY EDIBLE OIL MARKET, BY OTHER
EDIBLE OILS, 2023-2028 (IN $ MILLION)
FIGURE 9: TURKEY EDIBLE OIL MARKET, BY
DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)
FIGURE 10: TURKEY EDIBLE OIL MARKET, BY RETAIL
CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 11: TURKEY EDIBLE OIL MARKET, BY
E-COMMERCE, 2023-2028 (IN $ MILLION)