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Bakery Goods Production in Turkey - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

TR-C1071 July 2024 Factsheet

Revenue

€6.5bn

2019-2024 29.3 %
2024-2029 X.X %

Employees

186k

2019-2024 9.1 %
2024-2029 X.X %

Businesses

34,812

2019-2024 1.2 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Bakery Goods Production in Turkey market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Turkey compared to Europe?

Country Benchmarking

Industry Data Turkey

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#7 In Europe
Business
#2 In Europe
Employees
#4 In Europe
Wages
#7 In Europe

The Bakery Goods Production in Turkey ranks 7 in Europe with regards to its 2024 revenue (€6.5bn). Revenue received by operators in Turkey has been high in volatility over the past five-year period, with the average annual change in revenue (29.3 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Bakery Goods Production industry in Turkey in 2024?

The market size of the Bakery Goods Production industry in Turkey is €6.5bn in 2024.

How many businesses are there in the Bakery Goods Production in Turkey industry in 2024?

There are 34,812 businesses in the Bakery Goods Production industry in Turkey, which has grown at a CAGR of 1.2 % between 2019 and 2024.

Has the Bakery Goods Production industry in Turkey grown or declined over the past 5 years?

The market size of the Bakery Goods Production industry in Turkey has been declining at a CAGR of 29.3 % between 2019 and 2024.

What is the forecast growth of the Bakery Goods Production industry in Turkey over the next 5 years?

Over the next five years, the Bakery Goods Production industry in Turkey is expected to grow.

What are the biggest companies in the Bakery Goods Production market in Turkey?

The biggest companies operating in the Bakery Goods Production market in Turkey are Grupo Bimbo SAB de CV and Yildiz Holding AS

What does the Bakery Goods Production in Turkey include?

Breads and rolls and Cakes and pastries are part of the Bakery Goods Production industry.

Which companies have the highest market share in the Bakery Goods Production in Turkey?

The company holding the most market share in Turkey is Grupo Bimbo SAB de CV.

How competitive is the Bakery Goods Production industry in Turkey?

The level of competition is high and steady in the Bakery Goods Production industry in Turkey.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry covers the manufacture of fresh, frozen or dry bakery products, including bread, cakes pastries, biscuits and pies that are not for immediate consumption.

What's included in this industry?

Breads and rollsCakes and pastriesBiscuits and cookiesSavoury snacksOther

Industry Code

ISIC 2006

1071 - Manufacture of bakery products in Turkey

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Bakery Goods Production in Turkey
  • Employees in the Bakery Goods Production in Turkey
  • Business in the Bakery Goods Production in Turkey
  • Profit in the Bakery Goods Production in Turkey

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Food standards are strict in Europe. The EU, UK and other counties in Europe have strict food standard regulations including labelling requirements and banned substances.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Bakery Goods Production in Turkey industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Bakery profits slide due to soaring production prices. Rising costs of bread and biscuit manufacturing, revealed by a surge of 26.1% from 2021 to 2023 according to Eurostat, have hit bakeries' bottom lines hard.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bakery Goods Production in Turkey industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.