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Chocolate & Confectionary Production in Turkey - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

TR-C1073 July 2024 Factsheet

Revenue

€5.3bn

2019-2024 17.7 %
2024-2029 X.X %

Employees

45,473

2019-2024 5.0 %
2024-2029 X.X %

Businesses

1,288

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XXX.Xm

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

Chocolate & Confectionary Production in Turkey market size outlook

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

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  • Market estimates from 2014-2029
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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
#4 In Europe
Business
#2 In Europe
Employees
#1 In Europe
Wages
#7 In Europe

The Chocolate & Confectionary Production in Turkey ranks 4 in Europe with regards to its 2024 revenue (€5.3bn). Revenue received by operators in Turkey has been moderate in volatility over the past five-year period, with the average annual change in revenue (17.7 %) 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 Chocolate & Confectionary Production industry in Turkey in 2024?

The market size of the Chocolate & Confectionary Production industry in Turkey is €5.3bn in 2024.

How many businesses are there in the Chocolate & Confectionary Production in Turkey industry in 2024?

There are 1,288 businesses in the Chocolate & Confectionary Production industry in Turkey, which has grown at a CAGR of 1.0 % between 2019 and 2024.

Has the Chocolate & Confectionary Production industry in Turkey grown or declined over the past 5 years?

The market size of the Chocolate & Confectionary Production industry in Turkey has been declining at a CAGR of 17.7 % between 2019 and 2024.

What is the forecast growth of the Chocolate & Confectionary Production industry in Turkey over the next 5 years?

Over the next five years, the Chocolate & Confectionary Production industry in Turkey is expected to grow.

What are the biggest companies in the Chocolate & Confectionary Production market in Turkey?

The biggest companies operating in the Chocolate & Confectionary Production market in Turkey are Ferrero International SA, HARIBO GmbH & Co KG and Mondelez International Inc

Which companies have the highest market share in the Chocolate & Confectionary Production in Turkey?

The company holding the most market share in Turkey is Ferrero International SA.

How competitive is the Chocolate & Confectionary Production industry in Turkey?

The level of competition is moderate and decreasing in the Chocolate & Confectionary 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 includes the manufacture of cocoa products, sugar confectionery and chewing gum. Cocoa products include chocolate, cocoa butter, cocoa fat and cocoa oil. Sugar confectionery includes caramel, fondant, nougat, lozenges and toffee.

What's included in this industry?

Industry Code

ISIC 2006

1073 - Manufacture of cocoa, chocolate and sugar confectionery in Turkey

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • 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 Chocolate & Confectionary Production in Turkey
  • Employees in the Chocolate & Confectionary Production in Turkey
  • Business in the Chocolate & Confectionary Production in Turkey
  • Profit in the Chocolate & Confectionary 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

New EU regulation bans cocoa from deforested land. In 2023, the EU passed Regulation (EU) 2023/1115, which bans the use of any products, like cocoa, grown in recently deforested areas.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Chocolate & Confectionary Production in Turkey industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising ingredient prices burden chocolate manufacturers. Both sugar and cocoa prices have significantly increased over recent years, squeezing profitability and influencing future pricing strategies for confectionery producers.

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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 Chocolate & Confectionary 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.