Türkiye offers significant investment opportunities in agribusiness subsectors

As part of its targets set for the agriculture sector by 2023 Türkiye aims to be among the top five overall producers globally Home to the headwaters of the Tigris and Euphrates Rivers, Türkiye’s agricultural sector today is echoing the prosperity of ancient Mesopotamia.

With its favorable geographical conditions and climate, large arable lands, and abundant water supplies, Türkiye is considered to be one of the leading countries in the world in the field of agriculture and food.

Türkiye has a robust agriculture and food industry that employs almost 20 percent of the country’s working population and accounts for 6.1 percent of the country’s GDP.

The strengths of the industry include the size of the market in relation to the country’s young population, a dynamic private sector economy, substantial tourism income and a favorable climate.

Türkiye is the world’s 7th largest agricultural producer overall and is the world leader in the production of dried figs, hazelnuts, sultanas/ raisins, and dried apricots. The country is also one of the leading honey producers in the world. The recent data indicate that Türkiye boasted production of 18.5 million tons of milk, making it the leading milk and dairy producer in its region. The country also saw production totals of 35.3 million tons of cereal crops, 30.3 million tons of vegetables, 18.9 million tons of fruit, 1.9 million tons of poultry, and 1.2 million tons of red meat. In addition, Türkiye has an estimated total of 11,000 plant species, whereas the total number of species in Europe is 11,500.

This bountiful production allows Türkiye to maintain a significantly positive trade balance thanks to its position as one of the largest exporters of agricultural products in the Eastern Europe, Middle East, and North Africa (EMENA) region. Globally, Türkiye exported 1,781 kinds of agricultural products to more than 190 countries accounting for an export volume of USD 26.9 billion.

Türkiye is looking to position itself as the preferred option for being the regional headquarters and supply center of top global players in the agricultural sector. To encourage investment in the sector, Türkiye offers a set of incentives for potential agribusiness investors.

According to McKinsey and Co., Türkiye offers significant investment opportunities in agribusiness subsectors such as fruit and vegetable processing, animal feed, livestock, poultry, dairy, functional food, fisheries, and enablers (in particular cold chain distribution, greenhouses, irrigation, and fertilizer).

As part of its targets set for the agriculture sector by 2023 Türkiye aims to be among the top five overall producers globally.