Overview and Scope
Feta cheese refers to soft, white-colored cheese containing high amounts of sodium and saturated fat. Feta cheese has a tangy, sharp flavor and a creamy mouthfeel typically produced from made from the milk of sheep and goats.
Sizing and Forecast
The feta cheese market size has grown strongly in recent years. It will grow from $13.65 billion in 2023 to $14.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in mediterranean cuisine popularity, increasing health consciousness, globalization of food culture, rising demand for specialty cheeses, diverse applications in culinary, focus on natural and organic foods..
The feta cheese market size is expected to see strong growth in the next few years. It will grow to $19.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to continued emphasis on healthy eating, innovation in feta cheese products, increased focus on sustainable agriculture, consumer demand for authentic experiences, expansion of quick-service restaurants.. Major trends in the forecast period include plant-based alternatives, flavored feta varieties, clean label and transparency, educational marketing, innovations in packaging..
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Segmentation & Regional Insights
The feta cheese market covered in this report is segmented –
1) By Type: Bulgarian Feta, French Feta, German Feta, Other Types
2) By Source: Cow Milk, Sheep Milk, Goat Milk
3) By Distribution Channel: B2B, B2C
Europe was the largest region in the feta cheese market in 2023. Asia-Pacific is expected to be the fastest-growing region in the feta cheese market during the forecast period. The regions covered in the feta cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in milk production such as sheep and goats are expected to propel the feta cheese market going forward. Milk refers to a liquid produced by cows, goats, and some other animals, which is used for drinking and making butter, cheese, yogurt, and other dairy product. Generally, feta cheese is made entirely of sheep milk, but it may also be prepared using 30% goat milk and 70% sheep milk. Therefore, a rise in goat and sheep milk production raises demand for the feta cheese market. For instance, in 2022, according to The Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, the production of milk worldwide (roughly 81% cow milk, 15% buffalo milk, and 4% goat, sheep, and camel milk combined) increased by 1.1% to about 887 Mt in 2021. Thus, an increase in milk production of sheep and goats drives the feta cheese market.
Key Industry Players
Major companies operating in the feta cheese market are focused on developing innovative products, such as pure-pak cartons, to gain a competitive edge in the market. Pure-pak cartons are made from renewable and recyclable materials and are designed to protect the freshness and quality of beverages. For instance, in June 2021, Elopak, a Norway-based manufacturer of cartons for liquids, launched feta cheese in Pure-Pak cartons. The Pure-Pak carton’s barrier protection helps preserve feta cheese’s taste, color, and texture for up to three months. The Pure-Pak carton is lightweight and easy to pour from, making it convenient for home cooks and professional chefs. It has a resealable spout that makes it easy to run and store the cheese. This innovative packaging solution has the potential to revolutionize the way feta cheese is packaged and consumed around the world.
The feta cheese market report table of contents includes:
1. Executive Summary
2. Feta Cheese Market Characteristics
3. Feta Cheese Market Trends And Strategies
4. Feta Cheese Market – Macro Economic Scenario
5. Global Feta Cheese Market Size and Growth
….
31. Global Feta Cheese Market Competitive Benchmarking
32. Global Feta Cheese Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feta Cheese Market
34. Feta Cheese Market Future Outlook and Potential Analysis
35. Appendix
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