Feta Cheese Market Forecasts to 2028 – Global Analysis By Type (German Feta, Bulgarian Feta, French Feta and Other Types), Source (Goat Milk, Cow Milk and Sheep Milk), Distribution Channel (B2C and B2B) and Geography

Feta Cheese Market Forecasts to 2028 – Global Analysis By Type (German Feta, Bulgarian Feta, French Feta and Other Types), Source (Goat Milk, Cow Milk and Sheep Milk), Distribution Channel (B2C and B2B) and Geography

According to Stratistics MRC, the Global Feta Cheese Market is accounted for $12.40 billion in 2022 and is expected to reach $19.58 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Feta is a salty curd cheese from Greece made from a variety of milk, including cow, goat, and sheep milk. It is believed to be the healthiest cheese in general. It contains fatty acids, which aid in weight loss and provide other health benefits. Furthermore, because feta cheese contains calcium and protein, which aid in the body's regulation of blood sugar levels, it may reduce the risk of getting diabetes. Feta is used in Greek salads, spanakopita, pizza, and pie as a table cheese as well as a cooking cheese. It can be eaten raw with olive oil, toasted nuts, and chilli pepper.

According to data from the National Cheese Institute (Cheese Market Research Project), sales of feta cheeses reached a volume of 14.4 million pounds in 2006 and a value of 122.8 million dollars, in total sales of dairy products of 8,881 million dollars.

Market Dynamics:

Driver:

Growing popularity of European food culture

Because the United States is one of the most developed countries in the world, it attracts a large number of immigrants looking for work. Immigrants carry cultural values with them wherever they go as they grow up. This has a big impact on the present food culture of the United States. Pasta and pizza, for example, are widely consumed food products in the United States. For example, the English breakfast has evolved into a continental meal dominated by feta cheese. As a result, the growing popularity of European food culture and Greek feta cheese increases demand for feta cheese, propelling the market.

Restraint:

Lack of storage and transport facility

Feta cheese is a perishable food item. As a result, the difficulty of transportation and storage has been a major worry for cheese makers. Because cheese requires an appropriate temperature to keep its freshness, shipping from the producer to the consumer is critical in preserving cheese quality. Cheese loses its features and quality as a result of a lack of suitable storage facilities in many regions of the supply chain, resulting in a fall in demand. As a result, the absence of storage facilities and proper transportation limits market expansion.

Opportunity:

Wide variety of feta cheese

Cheese makers have introduced numerous types of cheese to adapt to changing client tastes and preferences as technology and creativity in cheese-making have advanced. As a result, numerous cheese flavours such as smoked cheese, alcohol-flavoured cheese, scorching spicy, peppery cheese, herbs & floral-flavoured cheese, sweet-flavoured cheese, fruit-filled & chocolate cheese, and others have been brought into the market to fulfil these current consumer needs. Furthermore, as consumer health awareness has developed, cheese makers are making low-fat and low-cholesterol cheese. As a result, the availability of feta cheese in a variety of flavours, colours, and textures to match the changing needs of customers is expected to be a lucrative opportunity for market expansion over the projection period.

Threat:

Side effects of feta cheese

Feta cheese is a low-calorie source of numerous vitamins and minerals, but it is also heavy in sodium. It also contains saturated fats, which should be kept to less than 10% of an individual's daily calorie consumption. Although feta cheese contains adequate calcium, the phosphorus in feta may cause bone weakness in those with kidney disease. Listeria monocytogenes, bacteria that can cause mild flu-like symptoms in humans, can be found in soft, unpasteurized cheeses such as feta. However, the bacterium may be dangerous to unborn foetuses, therefore pregnant women should avoid eating unpasteurized cheese. These considerations mentioned above may constrain the market expansion.

Covid-19 Impact

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the feta cheese industry growth during the forecast period, with most fine dining and casual dining restaurants being forced to close due to lockdowns. Due to the pandemic, sales and distribution were also affected, resulting in a decline in feta cheese consumption via the food service sector. However, there has been a steady rebound and progress, and sales are currently being driven by a surge in consumption of feta cheese-based cuisines at different food service outlets.

The German feta segment is expected to be the largest during the forecast period

The German feta segment is estimated to have a lucrative growth, due to evolving taste preference of consumers and living healthy lifestyle, which boosts the demand for healthy food products. German Feta is a highly adaptable cheese that may be used almost anyplace a salty cheese is required. Consumers have become increasingly mindful of the flavour of the food they eat as their knowledge and comprehension of product benefits has grown. As a result, the German feta cheese market is likely to expand at a rapid pace.

The sheep milk segment is expected to have the highest CAGR during the forecast period

The sheep milk segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its superior qualities compared to cow, goat, and buffalo milk. The market's expansion is being driven by a shift in preference for sheep milk in the production of high-quality and high-yielding cheese. Furthermore, new genetically altered sheep are employed for high milk production to address issues such as seasonal milking and milk supply shortages, which lead to market expansion.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period owing to changes in lifestyle and a surge in demand for fresh and ready-to-eat food among millennials, Germany have the largest markets for feta cheese in Europe. The demand for feta cheese in Europe is being fuelled by expanded application areas, more affordable price, and more consumer awareness of the benefits of cheese. Furthermore, its increasing implementation in quick-service restaurants is likely to provide profitable prospects for the industry.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increase in demand for cheese products such as feta cheese and cheddar cheese in emerging economies like China, India, and Australia. Furthermore, an increase in investments by various small and mid-sized food production companies in developing countries contributes to market growth. The large population, customer taste and preferences, and the expanding number of fast-food trucks are the major drivers for the feta cheese business.

Key players in the market

Some of the key players profiled in the Feta Cheese Market include Arla Foods amba, Fonterra Co-operative Group, Lactalis American Group, Inc., Saputo Inc, Clover Leaf Cheese Ltd., Dodoni S.A., Kolios S.A. Mevgal, SADAFCO and The Kraft Heinz Company

Key Developments:

In June 2022, Fonterra confirmed the finalization of the strategic partnership with New Zealand's Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op.

In April 2022, Fonterra expanded on-farm trials of methane reducing Asparagopsis seaweed as part of Fonterra's commitment to helping solve the methane challenge.

Types Covered:
• German Feta
• Bulgarian Feta
• French Feta
• Other Types

Sources Covered:
• Goat Milk
• Cow Milk
• Sheep Milk

Distribution Channels Covered:
• B2C
• B2B

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements