Overview and Scope
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.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Europe was the largest region in the food service feta cheese market in 2023. Asia-Pacific is expected to be the fastest-growing region in the foodservice feta cheese market during the forecast period. The regions covered in the food service 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
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.
Key Industry Players
Major companies operating in the food service feta cheese market are focusing on product developments and launches, such as dairy products, to sustain their position in the market. Dairy products refer to a type of food item that is derived from milk and produced by mammals, typically cows, although milk from goats, sheep, and other animals is also used. For instance, in July 2023, Daiya Foods, a Canada-based plant-based food company, introduced two innovative dairy-free products to the Canadian market, such as goat cheese flavor crumbles and feta cheese flavor crumbles. The goat cheese and feta cheese varieties come fully pre-crumbled, making them a convenient topping for salads, pizza, pasta, and other dishes. They are designed to mimic the flavors and textures of traditional goat cheese and feta cheese, catering to consumers who are seeking dairy-free options. This development reflects the ongoing trend in the food industry towards plant-based and alternative products, including those in the feta cheese market.
The food service feta cheese market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
…………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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