Press release
Food Service Feta Cheese Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Saputo Inc., Dodoni S.A., Kolios S.A, Mevgal S.A., Organic Valley
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..
Market Overview -
Feta is a Greek-style cheese prepared from sheep and goat milk. It has an acidic, spicy flavor and a creamy mouthfeel. Feta is formed in hard bricks that are pressed together. It crumbles when sliced and has a creamy texture on the tongue.
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Rising Demand For Takeaway Meals To Fuel Food Service Feta Cheese Market Growth
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.
Competitive Landscape -
Major companies operating in the food service feta cheese market report are Arla Foods AMBA, Fonterra Co-Operative Group Limited, Lactalis American Group Inc., Saputo Inc, Dodoni S.A., Kolios S.A, Mevgal S.A., The Kraft Heinz Company, Clover Leaf Cheese Ltd, Saudia Dairy and Foodstuff Company, D'lecta Foods Pvt Ltd, Tre Stelle SRL, CARR Group PTE Ltd, Organic Valley, Agropur Cooperative, Danone S.A., Nestlé S.A., FrieslandCampina N.V., Groupe Bel S.A., Emmi AG, Fromageries Bel S.A., Barry Callebaut Group AG, Gruppo Lactalis Italia S.p.A., Savencia Fromage & Dairy S.A., Saputo Cheese USA Inc., Karoun Dairies Inc., Hoogwegt Group, Lioni Latticini Inc., Leprino Foods Company, Old Europe Cheese Inc., Norseland Inc., Bongrain S.A., Vermont Creamery Inc., Petaluma Creamery LLC, President Cheese Inc., Klondike Cheese Company LLC, Fantis Foods Inc., Yanni's Cheese Inc., Kronos Foods Corporation .
Product Innovation In Food Service Feta Cheese Market
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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