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Caterers in Turkey - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

TR-I5621 April 2024 Factsheet

Revenue

€894.7m

2019-2024 20.9 %
2024-2029 X.X %

Employees

23,513

2019-2024 0.0 %
2024-2029 X.X %

Businesses

1,876

2019-2024 1.5 %
2024-2029 X.X %

Wages

€XXX.Xm

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

Caterers 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
#9 In Europe
Employees
#5 In Europe
Wages
#9 In Europe

The Caterers in Turkey ranks 7 in Europe with regards to its 2024 revenue (€894.7m). Revenue received by operators in Turkey has been high in volatility over the past five-year period, with the average annual change in revenue (20.9 %) 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 Caterers industry in Turkey in 2024?

The market size of the Caterers industry in Turkey is €894.7m in 2024.

How many businesses are there in the Caterers in Turkey industry in 2024?

There are 1,876 businesses in the Caterers industry in Turkey, which has grown at a CAGR of 1.5 % between 2019 and 2024.

Has the Caterers industry in Turkey grown or declined over the past 5 years?

The market size of the Caterers industry in Turkey has been declining at a CAGR of 20.9 % between 2019 and 2024.

What is the forecast growth of the Caterers industry in Turkey over the next 5 years?

Over the next five years, the Caterers industry in Turkey is expected to grow.

What does the Caterers in Turkey include?

Corporate functions and Weddings are part of the Caterers industry.

How competitive is the Caterers industry in Turkey?

The level of competition is high and steady in the Caterers industry in Turkey.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry includes companies engaged in the provision of catering services for one-off events at specified locations like weddings, private parties and corporate functions. The industry excludes the provision of contracted catering on an ongoing basis.

What's included in this industry?

Corporate functionsWeddingsPrivate functionsCommunity events and educational facilities

Industry Code

ISIC 2006

5621 - Event catering 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 Caterers in Turkey
  • Employees in the Caterers in Turkey
  • Business in the Caterers in Turkey
  • Profit in the Caterers 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

Caterers must abide by strict food rules. Due to the services provided by catering service companies, they must meet various food health and safety standard regulations, including food preparation, storage and disposing.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Caterers in Turkey industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Impacts of the COVID-19 outbreak and high inflation challenge profitability. The pandemic kept people indoors and decimated demand for catering services, weighing heavily on profit. Soaring inflation in 2022 and 2023 further constrained profit, though inflation is easing in 2024.

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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 Caterers 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.