The Food Service Feta Cheese by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Service Feta Cheese, The food service feta cheese market size has grown strongly in recent years. It will grow from $2.73 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to globalization of food culture, consumer preferences for natural ingredients, vegetarian and mediterranean diets, cheese board and appetizer culture, premiumization of ingredients, demand for convenience foods.
The food service feta cheese market size is expected to see strong growth in the next few years. It will grow to $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising popularity of plant-based diets, sustainable and ethical consumer choices, culinary fusion and cross-cultural cuisine, focus on local and artisanal products, influence of food influencers.. Major trends in the forecast period include innovation in cheese formats, clean label and natural ingredients, online food delivery and takeout services, innovations in packaging, cheese board and charcuterie trends.
Growing demand for prepared meals or takeaway meals is expected to propel the growth of the food service feta cheese market. A takeaway meal is ordered and prepared in a restaurant and then carried home to be consumed at home or somewhere else. Feta is a versatile cheese that adds flavor to pasta dishes, salads, creamy dips, and many other foods. Feta cheese recipes are popular for supper or midweek dinners that are brought home from the restaurant. For instance, in February 2022, as per the report published by the Census and Statistics Department, a Hong Kong-based economic statistics provider, total receipts at Chinese restaurants climbed by 18.3% in value and 16.4% in volume in 2021. Non-Chinese restaurant total receipts climbed by 23.1% in value and 20.7% in volume. Fast food restaurant total sales climbed by 8.6% in value and 6.4% in volume. Therefore, the growing demand for prepared meals or takeaway meals will drive the food service feta cheese market.
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The food service feta cheese market covered in this report is segmented –
1) By Type: Bulgarian Feta, German Feta, French Feta, PDO Feta, Other Types
2) By Source: Cow Milk, Sheep Milk, Goat Milk
3) By Application: Salads, Pastries, Sandwich, Pasta, Meat, Pizza, Other Recipes
Product innovations have emerged as a key trend gaining popularity in the food service feta cheese market. Major companies operating in the market are advancing toward the use of innovative solutions for the food service feta cheese market. For instance, in December 2021, Dodoni S.A., a Greece-based agricultural dairy company, launched an innovative spreadable cheese with DODONI Feta and Yogurt. Dodoni Spread is a spreadable cheese based on PDO Dodoni Feta. It’s a spreadable product comprised of whole pieces of feta and DODONI yoghurt. The product features low fat (16%), a high protein content, and spreads easily owing to its creamy texture, making it a great alternative for spreading. It is available in three flavors: natural taste, tomato basil, and chili pepper.
The food service feta cheese market report table of contents includes:
1. Executive Summary
2. Food Service Feta Cheese Market Characteristics
3. Food Service Feta Cheese Market Trends And Strategies
4. Food Service Feta Cheese Market – Macro Economic Scenario
5. Global Food Service Feta Cheese Market Size and Growth
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26. South America Food Service Feta Cheese Market
27. Brazil Food Service Feta Cheese Market
28. Middle East Food Service Feta Cheese Market
29. Africa Food Service Feta Cheese Market
30. Food Service Feta Cheese Market Competitive Landscape And Company Profiles
Top Major Players:
- Arla Foods AMBA
- Fonterra Co-Operative Group Limited
- Lactalis American Group Inc
- Saputo Inc
- Dodoni S.A
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