Turkey: Food Processing Ingredients

Turkiye’s food and beverage sector depends on domestic and imported ingredients, a large portion of which are sourced from Europe. European ingredients enjoy zero or low import duties under preferential trade agreements, as well as lower freight costs. The sector, which boasts nearly 58,000 businesses, continues to grow in response to steady consumer demand for processed food products. The southeastern region of Turkiye is recovering from the impact of devastating earthquakes that occurred on February 6, 2023. Although economic activity slowed sharply in the immediate aftermath of the disaster, there is not expected to be a major effect on the real GDP growth forecast or the food processing ingredients sector for 2023.