TURKEY EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

TURKEY EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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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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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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