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Improvement in macroeconomic indicators coupled with re-bound in tourism activity is expected to propel growth in restaurants industry of Istanbul at a CAGR of ~10.3% between FY'2020-2025: Ken Research

06-19-2022 11:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Improvement in macroeconomic indicators coupled with re-bound

Changing Customer Behaviour: The industry will observe changing customer behaviour to become more online savvy. Rise of food delivery platforms like Yemeksepati, Fuudy, Tikla Gelsin, Trendyol Yemek, Zomato has shifted the perspective of restaurants and partner with these startups. Apart from that, with increasing health consciousness, customers, in addition to adopting veganism, are also chasing low sugar, low fat and gluten-free foods. Restaurants are highlighting such food items in the Menu to attract such customers.

Ease of Doing Business: Turkey ranks at 33rd among 190 nations in terms of ease of doing business index published by World Bank. It is expected that the recent future will see further improvement owing to majority of compliance related formalities shifting online. Apart from that, reduction in the time period for obtaining licenses and permit will positively impact Turkey's position as per the index.

For More Detail @ https://www.kenresearch.com/food-beverage-and-tobacco/food-services/restaurant-industry-in-istanbul-outlook-to-2025/508064-11.html

Future Outlook: The restaurant industry in Istanbul suffered a ~30% Y-o-Y dip in 2020 in terms of the market size due to the lack of tourist influx and restrictions imposed by the government. However it is predicted that the tourist inflows will increase at a CAGR of ~23.9% and consequently boost the HoReCa sector. The market size is forecasted to increase at a CAGR of ~10.3% between FY'20 and FY'25 with the industry returning to the pre-pandemic level.

The report titled "Restaurant Industry in Istanbul - Outlook to 2025: Driven by changing consumer behaviour and rebound in tourism activity" by Ken Research suggested that the Restaurant Industry in Istanbul is expected to grow further in the near future, with increasing experience savvy consumers and online food delivery ecosystem. The market is expected to register a positive CAGR of ~10.3% in terms of transaction value during the forecast period of FY'20-FY'25.

Food & Beverage Industry Ecosystem

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:

Request Free For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTA4MDY0

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

Request Free For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTA4MDY0

Key Topics Covered in the Report

Socio-Demographic Outlook of Turkey
Economic Outlook of Turkey
Overview of F&B Industry in Turkey
Snapshot on Online Food Delivery Platforms in Turkey
Market Size of Restaurant Industry in Turkey
Socio-Demographic Outlook of Istanbul
Foreign Tourist Arrival in Istanbul
Major District Clusters in Istanbul
Market Size of Restaurant Industry in Istanbul
District Analysis of Istanbul in terms of Location, Ecosystem and Business Operations
Analysis of Categories of Restaurant in terms of Operating Parameters
Quick Service Restaurants in Istanbul
Analysis of Casual Dining Restaurants
Analysis of Fine Dining Restaurants
Analysis of Hotel Based Restaurants
Analysis of Shisha Lounges
Analysis of Cuisine Specific Restaurants
Analysis of Nightclubs
Analysis of Coffeeshops
Analysis of Patisserie and Desert Parlours
Business Environment in Turkey
Impact of COVID-19 on Restaurant Industry
Future Outlook of the Industry

Related Reports
https://www.kenresearch.com/food-beverage-and-tobacco/food-services/qatar-retail-restaurant-industry-outlook-to-2025/401704-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/mobile-food-services/453249-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/fast-casual-dining/448590-11.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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