Global Market Research Reports : Ken Research: Coffee shops in Istanbul

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Sunday, June 19, 2022

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

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 33^rd 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

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

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

Global Mobile Food Services Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027

Global Fast-casual Dining Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Tuesday, February 8, 2022

Restaurant Market in Istanbul witnessed a growth between FY’16 and FY’19 at CAGR of ~2.4% followed by a ~30.8% contraction in FY’20 due to the impact of the pandemic: Ken Research

January 2022

“Attractive tourist destinations coupled with experience savvy consumers will drive the restaurant industry in Istanbul”

Tourist Attraction of Istanbul: Istanbul is a unique trans-continental city with a population of 15.5 Mn people residing on both sides of the Bosphorus strait. The European side of the city is highly preferred by tourists due to presence of key tourist attractions in Fatih, Sariyer, Sisli, Beyoglu and availability of 500+ accommodation facilities with 100,000+ beds. The Asian side is known for its calmness, rich cultural history in attraction places of Kadikoy and Uskudar. There is a significant influx of tourist which makes Istanbul a prominent location for food and beverage sector. The number of foreign visitors to Istanbul reached record high of ~14.9 Mn in 2019 before the pandemic took a toll on the tourism sector.

Growing Agro-Food Sector: The location of Turkey and proximity to Europe, Middle East and Africa acts as a key advantage when it comes to trading. Turkey is a key foreign trade player when it comes to the agro-food sector. The exports and imports of Turkey in this sector has been surging at a CAGR of ~10% and ~12% respectively between FY’02 and FY’20. Primarily the agro-food imports comprise of food ingredients which are processed domestically to finally export to partner countries, resulting in trade surplus for Turkey. The major import partners of Turkey include Russia, Argentina, Netherlands, Germany, Ukraine, United States, Brazil while major export countries are Iraq, Germany, Saudi Arabia, Syria, Netherlands, UK; results in netting a trade surplus of $5.5 Bn in 2020

Online Food Delivery Startups: Outbreak of COVID-19, and restrictions with respect to dine-in facilities prompted the shift in customer preference towards online food delivery segment. Restaurants changed their perspective & partnered increasingly with Online Food Delivery Platforms Istanbul. One of the key food delivery player, Yemeksepeti added 32,000+ restaurants in 2020. There is a huge addressable market which resulted players like Fuudy, Tikla Gelsin, Trendyol Yemek, Zomato launching their services in Turkey.

Impact of COVID-19: Similar to other neighbouring countries, Turkey also faced the impact of the pandemic which resulted in imposition of counter measures. Reduction in restaurant dine-in capacity to 50% in the initial phase followed by a closure of all dine-in spaces hampered the industry. Due to the disruptions, food delivery segment led by Yemeksepeti, Getir Yemek and other applications witnessed surge in its transactions. Restauranteurs also started listing themselves on these platforms to fetch orders and ensure business continuity. Additionally, delivery only kitchens or cloud kitchens began to flourish as adoption of food delivery applications from customers started increasing.