Sunday, May 17, 2020

Fast Food Industry in Turkey Essay - 1779 Words

Fast Food Industry in Turkey Turkey has a fast growing $5.6 billion HRI food service sector, due to increased incomes,urbanization, more women working outside the home, and huge growth in tourism. Major changes in the life styles, incomes, and consumption patterns of Turks in the last decade means they are increasingly prone to eat meals and socialize over food outside of the home. The growing number of fast food chains and restaurants in newly astablished shopping centers and hypermarket complexes are evidence of this newly emerging demand. A new and faster pace of life has also led people to find quicker meal solutions for their shortened lunch hours. This has developed two niche sectors; fast food and institutional food†¦show more content†¦The sector is expected to reach $15 to $20 billion revenues per year within five years. Continued growth in tourism sector should lead to increasing numbers of foreign cuisine restaurants, both inside and outside hotels. TABLE 2 FOOD SERVICE REVENUES BY SUBSECTOR,1998 TABLE3 MARKET SIZE OF HRI FOOD SERVICE SECTOR IN TURKEY, 1994-1998 Here we show the summary of the advantages and challenges facing US food products in Turkey: Advantages: The number of US fast food outlets is increasing rapidly . Some Us products are more competitively priced than local products. Branded foreign products do well in the Turkish market due to changing consumption patterns and Western influence . Turkish society is repetative to new productsreadily adopt Western tastes. The number of foreign cuisine restaurants and international hotel chains are increasing. Challenges: Customs Union with the EU created a privileged position forEU country imports to Turkey. Transportation costs are less for products from neigbouring countries. Some high import tariff rates exist. There is a well-developed local food-processing sector providing most needed items. European and Far East cuisine are still dominant in restaurants and hotels. MARKET STRUCTURE AND SUBSECTOR PROFILES A.Distribution Channels and New-to-Market Exporter information: The distribution system in Turkey is beginning to shift from theShow MoreRelatedThe American ( Food ) Revolution1270 Words   |  6 PagesJaehun Lee 10/8/15 Summer Reading Essay The American (Food) Revolution Medical Experts are divided on whether or not the government should increase regulation on fast and processed foods. Remember those days when Thanksgiving dinners were a family affair? When the whole family went to the supermarket and bought turkey, ham, potatoes, and all of the raw ingredients needed to make every dish? When the whole family worked together to make a Thanksgiving meal to be shared by everyone? Today, this isRead MoreGeography of the Big Mac1384 Words   |  6 Pagesplaces throughout the United States and Canada that classify as this climate. The pickles are needed to be raised in a warm atmosphere. 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