Turkey Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2028
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Turkey Retail Market Report Overview
The Turkey retail market size was TRY 3,829 billion in 2022. The market is expected to grow at a CAGR of more than 40% during 2022-2027. The Turkey retail market research report provides both historic and forecast market data for total retail sales in Turkey.
Turkey Retail Market Outlook 2022 – 2027 (TRY Billion)
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It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | TRY 3,829 billion |
CAGR (2022-2027) | >40% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Hypermarkets, Supermarkets & Hard Discounters
· Convenience Stores (Including Independents) and Gas Stations · Online · Food and Drinks Specialists · Clothing, Footwear, and Accessories Specialists · Drug Stores and Health & Beauty Stores · Home Improvement and Gardening Supplies Specialists · Electrical and Electronics Specialists |
Leading Retailers | · LC Waikiki
· Shein · BIM · A101 · Samsung · Watsons · Gratis · Bellona · Istikbal |
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Turkey Retail Market Segmentation by Sectors
The key sectors in the Turkey retail market are food & grocery, clothing & footwear, home, electricals, and health & beauty, among others. Food & grocery had the highest value share in 2022 as well as the highest growth rate during the forecast period.
Turkey Retail Market Analysis by Sectors, 2022 (%)
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Turkey Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the Turkey retail market are hypermarkets, supermarkets & hard discounters, convenience stores (including independents) and gas stations, online, food and drinks specialists, clothing, footwear, and accessories specialists, drug stores and health & beauty stores, home improvement and gardening supplies specialists, and electrical and electronics specialists, among others. Hypermarkets, supermarkets & hard discounters had the highest value share in 2022.
Turkey Retail Market Analysis by Distribution Channels, 2022 (%)
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Turkey Retail Market - Competitive Landscape
Some of the leading retailers in the Turkish retail market are LC Waikiki, Shein, BIM, A101, Samsung, Watsons, Gratis, Bellona, and Istikbal, among others.
Turkey Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
Turkey Retail Market Sectors Outlook (Value, TRY Billion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
Turkey Retail Market Distribution Channels Outlook (Value, TRY Billion, 2017-2027)
- Hypermarkets, Supermarkets & Hard Discounters
- Convenience Stores (Including Independents) and Gas Stations
- Online
- Food and Drinks Specialists
- Clothing, Footwear, and Accessories Specialists
- Drug Stores and Health & Beauty Stores
- Home Improvement and Gardening Supplies Specialists
- Electrical and Electronics Specialists
Key Highlights
The overall retail industry in Turkey is forecast to grow at a CAGR of 40.3% between 2022 and 2027 to reach TRY 20,849 bn.
Food & grocery is the fastest growing and dominating sector with TRY 1,925 bn in 2022, which will grow at 48.7% CAGR between 2022-2027 to reach TRY 13,976 bn in 2027.
Hypermarkets, supermarkets and hard discounters is the leading channel, but Drug stores and health and beauty stores is expected to see the maximum growth during the forecast period, registering a CAGR of 49.6% between 2022-2027 to reach TRY 1,031 bn.
The Turkey retail industry is dominated by mass market players
Reasons to Buy
- Gain a comprehensive view of the Turkey retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in Turkey
- Investigate current and forecast trends in the Turkish retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Shein
BIM
A101
Sok
MM
Samsung
Arçelik
Watsons
Bellona
Table of Contents
Frequently asked questions
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What was the Turkey retail market size in 2022?
The retail market size in Turkey was TRY 3,829 billion in 2022.
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What is the Turkey retail market growth rate?
The retail market in Turkey is expected to grow at a CAGR of more than 40% during 2022-2027.
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Which was the leading sector in the Turkey retail market in 2022?
Food & grocery was the leading sector in the Turkish retail market in 2022.
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Which was the leading distribution channel in the Turkey retail market in 2022?
Hypermarkets, supermarkets & hard discounters was the leading distribution channel in the Turkey retail market in 2022.
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Which are the leading retailers in the Turkey retail market?
Some of the leading retailers in the Turkish retail market are LC Waikiki, Shein, BIM, A101, Samsung, Watsons, Gratis, Bellona, and Istikbal, among others.
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