Feta Cheese Market to Reach $15.6 Billion by 2028, Driven by Expansion of Quick-Service Restaurants and Rising Demand for Protein-Rich Foods

According to the report published by Allied Market Research, the global feta cheese market was pegged at $10.5 billion in 2019 and is estimated to hit $15.6 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐧 𝐏𝐃𝐅 - 𝟑𝟏𝟎 𝐏𝐚𝐠𝐞𝐬): https://www.alliedmarketresearch.com/request-sample/8784

Expansion of quick-service restaurant, increase in popularity, growth in demand for protein-rich food, and rising trend for international cuisine have boosted the growth of the global feta cheese market. However, lack of storage and transport facility hinders market growth. On the contrary, availability of various options in cheese, such as flavor, color, and texture, is expected to create lucrative opportunities for the market players in the future.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨-

The outbreak of the pandemic gave way to disrupted services and distorted supply chain, which in turn impacted the global feta cheese market negatively.
Closure of hotels and restaurants during lockdown also led to reduced demand for feta cheese.
However, as the global situation is being ameliorated on a gradual basis, the market is anticipated to recoup soon.
The global feta cheese market is analyzed across source, type, distribution channel, and region. Based on source, the sheep milk segment contributed to the highest share in 2019, garnering around three-fifths of the global feta cheese market. At the same time, the cow milk segment is expected to have the fastest CAGR of 6.5% throughout the forecast period.

𝐆𝐞𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐎𝐧 𝐓𝐡𝐞 𝐅𝐞𝐭𝐚 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.alliedmarketresearch.com/request-for-customization/8784?reqfor=covid

However, rise in people's concern for their health due to feta cheese consumption, perishable nature of cheese, and lack of proper storage facility are the key restraints of the feta cheese market. On the contrary, with innovation in cheese-making techniques, low-fat and low-cholesterol feta cheeses are manufactured to meet the demands of health-conscious people, which drives the growth of the feta cheese market.

According to the feta cheese market analysis, the market is segmented on the basis of source, type, distribution channel, and region. Based on the source, the feta cheese market is categorized into cow milk, sheep milk, and goat milk.

Sheep milk are widely used globally and is one of the prime sources of feta cheese; thus, it is expected to influence the overall feta cheese industry. The sheep segment was valued at $6.9 billion and is expected to grow with a CAGR of 5.4% from 2021 to 2028, reaching $9.1 million by 2028.

By type, the German feta cheese segment held a major feta cheese market share and is expected to remain dominant throughout the feta cheese market forecast period. This is attributed to its delectable taste. Moreover, increase in fast food consumption, where feta cheese is mostly used, is the key factor that fuels the growth of the German feta cheese segment.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/8784

Based on distribution channel, the B2B segment was the leading channel with maximum share in 2019, growing with significant CAGR during the forecast period. This is attributed to increase in retail sales in different regions and availability of large shelf space for maximum sales.

Region-wise, Europe was the most prominent region in 2019, garnering maximum share of the feta cheese market, owing to huge consumer base, major production area, and increase in population. SMEs operating in the region are targeting online sales channel to increase their sales. These companies are further investing in various marketing and advertising activities to increase their products awareness. In addition, surge in penetration of feta cheese among consumers is anticipated to fuel market growth during the forecast period.

The leading market players analyzed in the global feta cheese market report include Lactalis American Group, Inc., Arla Foods amba, Saputo Inc, The Kraft Heinz Company, Dodoni S.A., Kolios S.A. Mevgal, Clover Leaf Cheese Ltd., SADAFCO, and Fonterra Co-operative Group. These market players have incorporated different strategies, including partnership, expansion, collaboration, joint ventures, and others, to strengthen their standing in the industry.

𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 : https://www.alliedmarketresearch.com/feta-cheese-market/purchase-options

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

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