Market Overview
The Turkey retail market size reached USD 391.2 Billion in 2024 and is forecasted to grow to USD 868.3 Billion by 2033, reflecting a CAGR of 8.30% during 2025-2033. The market growth is propelled by factors such as urbanization, rising disposable incomes, increasing consumer spending, expanding e-commerce, growing tourism, modernization of retail infrastructure, and adoption of advanced technologies enhancing shopping experiences and operational efficiency. Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Turkey Retail Market Key Takeaways
- The Turkey retail market size stood at USD 391.2 Billion in 2024.
- The market is expected to grow at a CAGR of 8.30% during the forecast period 2025-2033.
- The market size is projected to reach USD 868.3 Billion by 2033.
- E-commerce transactions surged by 22% and transaction values soared by 130% between 2022 and 2023.
- Credit, debit, and prepaid cards account for approximately 80% of online payment transaction value.
- The European Bank for Reconstruction and Development invested €2.48 billion in Turkey in 2023, supporting retail infrastructure development.
Sample Request Link:Â
https://www.imarcgroup.com/Turkey-Retail-Market/requestsample
Market Growth Factors
The rapid expansion of e-commerce is a major growth driver for the Turkey retail market. The COVID-19 pandemic accelerated digital transformation, boosting online shopping due to social distancing and lockdown measures. E-commerce transactions rose by 22%, with transaction values increasing by 130% from 2022 to 2023. The dominant online payment methods include credit, debit, and prepaid cards, composing about 80% of total transaction value. Enhanced logistics, delivery networks, and diverse payment options, combined with increasing smartphone and internet penetration, contribute significantly to market growth.
Modernization of retail infrastructure is reshaping Turkey’s retail landscape. Contemporary shopping malls, retail parks, and commercial centers offer diversified shopping, entertainment, and dining experiences, attracting international brands to establish flagship stores. Domestic retailers are modernizing physical stores by integrating advanced technologies, superior customer service, and modern designs. In 2023, the European Bank for Reconstruction and Development’s historic €2.48 billion investment supported recovery and retail infrastructure projects, fostering market expansion.
Rising consumer spending driven by increasing disposable incomes is another key factor propelling market growth. Economic growth and improved employment rates have boosted disposable incomes. In February, Turkey’s retail sales surged by 25.1% annually, the fastest growth since July 2023 when it rose 31.9%. Non-food sales, excluding automotive fuels, grew 36.5%, while food and drink sales rose 13%, and sales of computers, books, and telecom equipment soared by 56.1%. The expanding middle class’s demand for premium brands and confidence in the economy further supports retail sales and market expansion.
Request Customization:
https://www.imarcgroup.com/request?type=report&id=23692&flag=EÂ
Market Segmentation
Product Insights
- Food and Beverages
- Personal and Household Care
- Apparel, Footwear and Accessories
- Furniture, Toys and Hobby
- Electronic and Household Appliances
- Others
These categories encompass a wide range of consumer goods, reflecting the diverse retail offerings in Turkey.
Distribution Channel Insights
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
The distribution channels indicate the various modes through which retail products reach consumers.
Regional Insights
- Marmara
- Central Anatolia
- Mediterranean
- Aegean
- Southeastern Anatolia
- Blacksea
- Eastern Anatolia
These regions cover all key geographic markets in Turkey, providing a comprehensive national market analysis.
Regional Insights
The report identifies a comprehensive regional breakdown including Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, and Eastern Anatolia. These regions represent the major segments of the Turkey retail market, ensuring a holistic understanding of market dynamics across the country.
Recent Developments & News
In January 2022, Trendyol strengthened its strategic partnership with Couchbase to improve performance and scalability for applications such as online shopping carts, delivery tracking, product catalogs, coupons, claims, inventory management, pre-orders, and customer services by using Couchbase as its database platform.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
