Press release
Feta Cheese Market to Reach $15.6 Billion by 2028, Driven by Expansion of Quick-Service Restaurants and Rising Demand for Protein-Rich Foods
Feta Cheese Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ข๐ง ๐๐๐ - ๐๐๐ ๐๐๐ ๐๐ฌ): 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.
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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.
๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง ๐๐ก๐ ๐ ๐๐ญ๐ ๐๐ก๐๐๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ: 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.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: 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.
๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ : https://www.alliedmarketresearch.com/feta-cheese-market/purchase-options
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