Socio-Demographic Outlook of Istanbul, Import-Export Scenario of Food & Beverage Industry, Quick Service Restaurants in Istanbul: 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 Socio-Demographic Indicators of Turkey Turkey is a country located primarily in Western Asia, with a portion belonging to Southeast Europe. The country currently has a population of 84.3 Mn people, 25.1 Mn households and GDP per Capita of USD 8,538. Turkey has been witnessing an inflationary crisis, with an increase of XX% in the Consumer Price Index (CPI) over previous year. The unemployment rate in the country stood at XX% in September, 2021. Around XX Million people visited Turkey from other foreign countries in the first nine months of the year 2021, Istanbul is the most preferred destination for restaurant customers across Turkey. Istanbul also attracts high domestic tourists and internally migrating population. Istanbul is mostly preferred by foreign visitors from Western Asia and Europe, with countries such as Germany, Iran and Russia being the leading countries in terms of percentage of tourist population visiting the country of Turkey. Industry Ecosystem The Food & Beverage Market in Turkey imports XX% of the food ingredients used all over the industry. There are around XX thousand food and XX beverage firms, providing employment to around XXX thousand people. USD XX Billion is the grocery retailer sale industry market size for the year 2019. The market size for the F&B Industry stands at USD XX Billion for the year 2020, projected to increase to USD XX Billion by the year 2025. Favorable unit economics and multi-fold adoption during outbreak of COVID-19 has shaped up to the bright future of online food delivery segment in Turkey. Overview of Restaurants Industry in Turkey Restaurants sub-sector contributes XX% to the F&B industry owing to the dynamic ecosystem of international brands and high influx of tourists every year. Quick Service Restaurants are the most popular category, and include brands such as McDonalds, Burger King and Sbarro. Other categories include Fine Dining Restaurants such as Zuma and Nobu, Casual Dining Restaurants such as Sazeli and Cookshop, Nightclubs and Shisha Lounges such as Klein and Sortie, Coffee Shops such as Cup of Joy and Petra, Desert Parlors such as Asuman and Vakko, and Hotel based Restaurants such as Shangri-La and Hilton. Istanbul is the most-preferred destination for restaurant customers across Turkey followed by Ankara, Izmir, Bursa, Antalya and others. Istanbul – Largest City in Turkey Istanbul has a total of XX Million population, residing across XX urban municipalities. XX% of the households in Istanbul have internet access, of which XX% use it for online shopping and XX% use it for ordering food. This, along with a XX% penetration rate for e-delivery services, equates to around USD XX Billion worth restaurant industry in Istanbul, in 2021. Additionally, around USD XX is the average monthly household disposable income in Istanbul, of which XX% is spent on food and beverage consumption. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTA4MDY0 District Analysis of Istanbul Esenyurt is the most populated district in Istanbul, with a population of around XXX people. Gaziosmanpaşa is the district with the highest population density in Istanbul, and Fatih is the district which witnesses the highest foreign visitor count. Beyoğlu and Şişli are second and third in order after Fatih, for witnessing the most foreign visitors on an annual basis. Analysis of Categories of Restaurants Quick Service Restaurants (QSRs) lead the rest of the restaurant categories when it comes to the end-user spend, accounting for XX% of the same. QSRs usually cater to population of all income categories collectively, along with a focus on students and working professionals. They usually don’t have a set ‘peak period’, and service customers round the year, with more demand than usual flowing in at the time of Christmas and New Year. The “occasional” nature of demand across categories such as desert parlors, cuisine-specific restaurants and nightclubs leads to them contributing around X% to the end-user spend in the F&B industry, collectively. Business Environment in Turkey Turkey ranks at XX position nations in terms of ease of doing business owing to majority compliance related facilities available online. While Turkey ranks strongly in Ease of Doing Business Index, the process of submitting documents and seeking approvals for starting restaurant business is still cumbersome. High direct and indirect taxation adds to the barrier for strong performance of HORECA sector. General VAT rate is XX%, with XX% VAT being applicable to Agricultural products such as raw cotton and dried hazelnut, and XX% VAT being applicable to items such as basic food stuff, textiles, books etc. There are some common malpractices in the restaurants industry of Istanbul, namely reporting of revenue, staff salaries, rent payable and inflating other expenses. Impact of Covid-19 on Restaurants Industry in Istanbul While no country could escape the impact of COVID-19, Turkey got severely affected due to economic downturn since past few years and high dependency on tourist expenditure. Restrictions for tourists have included mandatory COVID-19 tests and 14-day mandatory quarantine for travelers arriving in Turkey. Post descending into normalcy, quarantine-free travel has also been offered to foreign visitors. While certain restaurants suffered due to operational restrictions, few restaurants leveraged on D2C ‘retail sales’ of their food ingredients and diversified business segments. Subsequent waves and variants of COVID-19 coupled with fast pace of vaccination have prompted businesses, customers and government to “learn to live” and strategize accordingly. There has also been a visible increase in the online food delivery segments as well as a noticeable rise of cloud kitchens. Future Outlook of Restaurants Industry in Istanbul and F&B Industry in Turkey The fear of virus still looms yet the improvement in macroeconomic indicators coupled with re-bound in tourism activity is expected to propel Growth in Restaurants Industry of Istanbul. The growth is further expected to be shaped by changing customer behavior to becoming online savvy & focus on alternate channels of revenue by businesses. Analyst Recommendations and Risk Factors Analyst recommendations include must have’s across important criterion such as location, design of outlet, engagement with customers, popularity of the chef, operational efficiencies and focus on word of mouth. For example, when considering operational efficiencies, focusing on digitalizing restaurant menu and order systems and building loyalty programs could lead to better utilization of the restaurant space and lead to a maintained order flow. Risk factors would be centered on parameters such as revenue dependency, customer stickiness, operational feasibility, ecosystem support, financial feasibility, government factors and demand momentum. For example, when considering ecosystem support, it is important to be cognizant of the import restrictions and rapidly changing prices since it may become difficult to ensure adequate supply and type of raw materials. 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Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Arada Beyrut Cafe Market Size, Arada Endulus Restaurant Market Size, Burger King Restaurant Market Size, Business Environment in Turkey, Buuzecedi Restaurant Market Size, 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, Karafirin Restaurant Market Size, KFC Restaurant 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, McDonald’s Restaurant Market Size, Nightclubs in Istanbul, Online Food Delivery Platforms in Turkey, Panista Restaurant Market Size, Pasa Doner Restaurant Market Size, Patisserie and Dessert Parlors in Istanbul, Popeye’s Restaurant Market Size, Quick Service Restaurants in Istanbul, Sbarro Pizzeria Restaurant Market Size, Shisha Lounges in Istanbul, Simit Sarayi Restaurant Market Size, Socio-Demographic Outlook of Istanbul, Socio-Demographic Outlook of Turkey, Spago Restaurant Market Size, Tugra Restaurant Market Size, Turkey HORECA Ecosystem, Turkey Restaurant Industry, Turkey Restaurant Industry Future Outlook, Usta Donerci Restaurant Market Size