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