Ramadan fell in this quarter which made consumers switch to iced/RTD tea drinks and still drinks. Growing consumers' health and hygiene concerns have increased demand for packaged water and dairy drinks while driving down the demand for bul ..."
BMI View: Rising terrorism risks from the spill over of the Syrian war as well as the sharp decline in
tourist arrivals will impact negatively on the growth of Turkey's food and drink industry over 2016. We
expect the alcoholic drinks sector will experience the slowes ..."
The Turkish drinks market remained stable in Q1-16 with soft drinks and hot beverages both showing positive growth and alcoholic beverages showing a flat performance. Increasing consumer trends towards health consciousness have created more ..."
BMI View: Current economic headwinds, rising terrorism risks and falling tourism revenues will put
Turkey's food and drink industry under pressure over our five-year forecast period to 2020. The drop in
tourist arrivals will crucially weigh on the growth of alcoholic ..."
The limonata segment within still drinks was particularly popular. Dairy drinks benefited from the performance of PL white milk sales and ayran drinks. Carbonates consumption achieved a positive result, the category received the support from ma ..."
BMI View: Effective in January 2016, the government will increase the minimum wage which will have a
significant impact on the sector over the next two years. Given that around 5mn workers - around 15-20%
of the country's labour force - are paid the minimum wage, risi ..."
Some of the key trends noted across Turkey include: consumers starting to watch their sugar intake especially in western markets where low calorie variants are taking share, or consumers moving towards packaged water and flavoured waters; fruit ..."
SummaryTurkey is experiencing uncertainty in political terms due to inconclusive general elections in June 2015.A decline in revenue from tourism has added to economic difficulties however the number of tourists has increased. Business and consumer confidence ..."
The Turkey' Spirits market is forecast to register growth in value as well as volume terms during 2014-2019. The Specialty Spirits category will have the largest volume share while Brandy will be the fastest growing category during 2014-2019. I ..."
BMI View: Turkey is facing some short to medium-term economic headwinds that are weighing on the
outlook for private consumption. In particular, high inflation and the depreciating lira have led to consumer
confidence hitting lows not seen since 2009. The inflationary ..."