Turkey Animal Feed Market Outlook

The demand of animal feed products in turkey is expected to experience an cagr growth of 5.2% during the forecast period of 2018 to 2032. this growth can be attributed to an increase in livestock production, higher disposable incomes, growing health consciousness among consumers, and shift towards adoption of more balanced diets. the demand for poultry products in turkey is set to increase as a result of a rise in egg and poultry meat consumption, increased incomes, and growing demand for convenience foods. this is expected to drive the poultry feed market and boost the overall animal feed market in turkey. in addition, the prices of key feed ingredients have decreased, leading to a more affordable cost of animal feed. the dairy industry in turkey is growing rapidly, with milk production rising by 6.2% in 2020. this increase in production is driving the growth in demand for animal feed, as dairying requires high levels of protein and energy. the demand for dairy-based feed is primarily triggered by organic consumption growth among consumers. the aquaculture sector in turkey is also witnessing improved performance, with the potential to become a major export segment. this is expected to drive feed production and consequently the animal feed market in the country, as aquaculture feeds are typically formulated on a custom basis. in addition, feed production is set to improve due to the government's support in terms of incentives and subsidies. this includes support to the animal feed industry to reduce costs and drive efficiency within the feed sector. overall, turkey's animal feed market is expected to experience strong growth over the next decade, driven by various factors such as higher disposable incomes, increased livestock production, and growth in organic consumption. the government's efforts to support the industry are also helping to drive market growth.