Restaurant Industry in Istanbul- Industry Share, Revenue, Growth Prospects, Trends Under COVID-19, Top Key Players, Future Strategies, Competitive Landscape and Forecast to 2025: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Restaurant Industry in Istanbul Outlook to 2025: Driven by changing consumer behaviour and rebound in tourism activity” provides an in-depth analysis of the restaurant industry in Istanbul – focusing on aspects including study of food and beverage industry in Turkey along with HORECA segment, snapshot on online food delivery platforms in Turkey, the market size of HORECA segment in Istanbul, social and economic demographic of Istanbul, district-wise evaluation of Istanbul for attractiveness to restaurant business basis customer cohorts, ecosystem supportiveness and business operating expenses and analysis of the various categories of restaurants (QSRs, Fine Dining, Casual Dining, Hotel based Restaurants, Shisha Lounges, Nightclubs, Multi-cuisine, Coffee-shops, Patisserie and Desert Parlours) basis business, operational & financial parameters in Istanbul. The report concludes with impact of COVID-19, encompassing trends and challenges shaping the future outlook of the restaurants and F&B industry in Turkey and recommendations from analysts to sail through the difficult times of COVID-19 and economic downturn. Economic Outlook of Turkey Turkey has a population of 84.3 Million people (2020), with a projected population of 90 Million people by the year 2025. The country has been witnessing a steady depreciation of its currency, the Turkish Lira against the US Dollar, with the USD/TL exchange rate having appreciated from TL 2.18 in 2014, to 7.90 in Q2 2021. The Consumer Price Index (CPI) is indicative of the rising inflation in the country, with the metric having gone from a value of 103.06 in 4th quarter of 2015, to 206.82 in the 2nd quarter of 2021. Further, there exist excess levels of current account deficit along with low forex reserves; however there are positives in the pipeline as well. Short term measures include reduction in interest rates by the TCMB (Central Bank of Turkey) to promote growth revival and easy credit flow to the customers, along with an expansionary credit policy and a stimulus package worth USD 15.4 Billion, including loan moratoriums and social security programs. Request a Free Sample to learn more about the report: Click here Overview of Food and Beverage Industry and HORECA Ecosystem The CAGR for the F&B industry of Turkey (in USD denomination) is projected to be ~2.4% from the year 2020 to the year 2025. People spend roughly 20% of their income on F&B related expenditures, along with having high preferences of dining out. There are around 51,000 food companies in the country, along with 649 beverage firms, 150,000+ fast food outlets and more than 3,000 hotels employing more than a million people in the year 2020. More than 85% of the food and beverage ingredients are imported. Turkey attracted around 16 million foreign visitors in the year 2020, whose spending contributed around 23% of the total expenditure on F&B activities for the year. Restaurants contribute around 10% to the total market size of the F&B industry in Turkey, and the industry itself is expected to witness a CAGR of 11% from the year 2020 to the year 2025. Demographics of Istanbul Around 18.5% of the population of the population of Turkey lives in Istanbul, and around 39.3% of the foreigners who visit Turkey land in Istanbul. Istanbul also contributes close to 39% alone to the Turkish restaurant industry. 97% of the households in Istanbul have access to internet services, and the average monthly household income in Istanbul is around TL 7,613, or about 550 US Dollars. Istanbul is a preferred destination for foreign visitors from Western Asia and Europe due to its location advantages, with Germany being the leading country with 7.5% share of the total foreign visitor arrivals. This is followed by Iran, Russia, Iraq, France, UK, USA, KSA, China and Kuwait. The European side of the city is the most preferred tourist spot, with >85% of the foreign visitors in Istanbul. Categories of Restaurants Quick Service Restaurants (QSRs) leads the restaurant categories basis end-user spend. It also has the highest number of outlets in comparison to any other category in Istanbul and also fetches higher weekly footfalls. It has been observed the Franchise model is the preferred type of expansion which is being carried out across QSRs, Casual Dining Restaurants and Coffee-Shop categories. The occasional nature of demand across categories such as desert parlors, cuisine-specific restaurants and nightclubs leads to them contributing less to the end-user spend in the F&B industry, collectively. Evaluation of Districts in Istanbul While Esenyurt is the most populated district in Istanbul, with a population of around 954,600 people, Fatih witnesses the highest foreign visitor count, followed by Beyoğlu and Şişli; lending such districts a key avenue for restaurants business. Restaurant Industry in Istanbul Future Outlook and Projections The Restaurant Industry in Istanbul is anticipated to grow with improvement in macroeconomic indicators coupled with a rebound in tourism activity. Over the forecast period FY’21-FY’25, the Restaurant Industry in Istanbul is further anticipated to showcase an upward trend in terms of end-user spend, which will in turn also drive the market size of the F&B industry in Turkey upwards, over the next 5 years. For the next 5 years, Franchise driven expansion is set to shape the outlook of restaurants industry with QSRs, Casual and Fine dining categories dominating end-user spends in Istanbul. Key Segments Covered in Restaurant Industry in Istanbul Market Size of Restaurant Industry in Turkey on the basis of transaction value Market Size of Restaurant Industry in Istanbul on the basis of transaction value Segmentation by type of visitor Domestic visitor Foreign visitor Key Target Audience Restaurants and Hotel Chains Food Aggregators Catering Companies Real Estate Companies Potential Market Entrants Time Period Captured in the Report: Historical Period: 2015-2021 Forecast Period: 2021-2025F Companies Covered: Quick Service Restaurants: McDonald’s Burger King Sbarro Pizzeria KFC Popeye’s Simit Sarayi Karafirin Panista Pasa Doner Usta Donerci Casual Dining Restaurants: Big Chef’s Midpoint Happy Moon’s Sazeli Gunaydin Cookshop Mado Emirgan Sutis Ozsut Kofteci Ramiz Fine Dining Restaurants: Zuma Paper Moon Nusr-et Da Mario Nobu Vogue Spago 360 Sunset Bar & Grill Lacivert Hotel based Restaurants: 16 Roof, Swissotel Mikla Spago Tugra Shang Palace Toro Novikov Shisha Lounges: Huqqa PS Lounga Ajjna Lulu Ali Baba Nargile Azure the Bosphorous Middle Eastern Cuisine Restaurants: Tahin Hatay Medeniyetler Sofrası Buuzecedi Arada Beyrut Cafe Al Hallab Arada Endulus Nomads Nightclubs: Sorite 360 Klein Ulus 29 Oligark Masquarade Coffee Shops: Espresso Lab Viyana Kahvesi Petra Kronotrop Kahve Dunyasi Cup of Joy Coffee Department Ministry of Coffee Walter’s Coffee Coffeetopia Patisserie and Desert Parlours: Vakko Baylan Mendel’s Maia Divan Pelit Asuman For More Information, refer to below link:- Istanbul Food & Beverage Market Research Report Related Reports Qatar Retail Restaurant Industry Outlook to 2025 – Hosting of FIFA World Cup 2022 is anticipated to Drive Number of Domestic and International Visitors Philippines Quick Services Restaurant Market – By Food Type (Burger/Sandwich, Pizza/Pasta, Chicken, Seafood and Others); By Network Type (Franchise and Independent); By Cuisine Type (American Cuisine, Turkish Cuisine and Lebanese Cuisine); and Regional Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030. Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Business Environment in Turkey, Case study of Sazeli (Florya), Case study of Zuma Restaurants, Casual Dining Restaurants in Istanbul, Categories of Restaurants in Istanbul, Challenges of Turkey Restaurant Industry, Coffee shops in Istanbul, Company Profile of Fuudy, Company Profile of Getir Yemek, Company Profile of Tikla Gelsin, Company Profile of Yemeksepeti, Covid-19 Impact Istanbul Restaurant Market, Cuisine Specific Restaurants in Istanbul, District Analysis of Istanbul, Ease of Doing Business Index Turkey, Economic Outlook of Turkey, Fine Dining Restaurants in Istanbul, Food & Beverage Industry Ecosystem, Food & Beverage Industry of Turkey, Future Outlook of Food & Beverage Market in Turkey, Future Outlook of Restaurants Industry in Istanbul, Hotel based Restaurants in Istanbul, Impact of COVID-19 on Turkey Restaurant Industry, Import-Export Scenario of F&B Industry, Industry Research Report Of Istanbul Restaurant, Istanbul Food & Beverage Market Competition, Istanbul Food & Beverage Market Revenue, Istanbul Food & Beverage Market Size, Istanbul Food & Beverage Market Trends, Istanbul Restaurant Industry, Istanbul Restaurant Industry Research Report, Istanbul Restaurant Market, Istanbul Restaurant Market Analysis, Istanbul Restaurant Market Demand, Istanbul Restaurant Market Future Outlook, Istanbul Restaurant Market Growth, Istanbul Restaurant Market Major Players, Istanbul Restaurant Market Research Report, Istanbul Restaurant Market sales, Istanbul Restaurant Market Share, Istanbul Restaurant Research Report, Istanbul Restaurants Market Size, Major District clusters of Istanbul, Market Research Report Of Istanbul Restaurant, Market size and Trends in F&B Industry of Turkey, Market size of Turkey Restaurants Industry, Nightclubs in Istanbul, Online Food Delivery Platforms in Turkey, Patisserie and Dessert Parlors in Istanbul, Quick Service Restaurants in Istanbul, Shisha Lounges in Istanbul, Socio-Demographic Outlook of Istanbul, Socio-Demographic Outlook of Turkey, Turkey HORECA Ecosystem, Turkey Restaurant Industry, Turkey Restaurant Industry Future Outlook