Feta Cheese Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Feta Cheese by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Feta Cheese, 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..

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.

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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

Product innovations have emerged as a key trend gaining popularity in the 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 agriculture dairy industry, launched an innovative spreadable cheese, DODONI Spread. Dodoni Spread is a spreadable cheese based on PDO Dodoni Feta. It’s a spreadable product comprised of whole pieces of feta and DODONI yogurt. The product features low fat (16%), with 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 including natural taste, tomato basil, and chili pepper.

The feta cheese market report table of contents includes: