According to a new report published by Allied Market Research, titled, “Food Service Feta Cheese Market by Type, Source, Distribution Channel, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”Global food service feta cheese market size was valued at $2,187.5 million in 2019 and is expected to grow at a CAGR of 6.9% to reach the market size of $3,816.8 million in 2030. French feta held the leading position among the type segment in 2019 and is likely to retain its dominance over the forecast period. 2019, Europe occupied the largest regional market share and will continue to dominate the same trend during the entire forecast period. Feta cheese is a white color brined cheese which is prepared with the mixture of goat, sheep or cow milk. It is becoming quite popular in Europe & North America, and also gaining momentum in the Asia Pacific. Feta cheese is featured in all kinds of recipes, from appetizers to desserts.
The food service feta cheese market is expected to witness significant growth over the forecast period. Some factor restraining market growth are increasing health concerns among people, shifting trend related to processed cheese consumption. In addition, increasing preference for convenience among the working population, along with increase in number of food options available is expected to surge the demand for food service feta cheese market. Also, feta is rich in micro and macro nutrient properties that are significant to the healthy working of a body that contributes towards its widespread popularity within the health conscious section of the world.
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Vegetarianism and veganism are gaining traction globally, which is a primary restriction for the feta cheese and dairy/animal items market. Meat consumption per person has bounded downwards, farmers are being forced to move away from animal sources of food and toward plant-based ones that can be traced back to the aversion towards meat, and all fears regarding cruelty against animals. Indicating a shift in behavior, consumer preferences are shifting to plant-based alternatives due to increasing demand for clean-label products, concerns about sustainability and an urgent need to eliminate allergens. Conversely, increasing penetration of feta cheese in emerging countries within the region of Asia-Pacific and LAMEA coupled with increasing adoption of western diet & lifestyle in such regions will add to the growth of food service feta cheese market.
On the basis of type, source, distribution channel, application and region, the food service feta cheese market is segmented. On the basis of type, the market is segmented into Bulgarian Feta, German Feta, French Feta, PDO Feta and Others. Based on source the market is segmented into cow milk, sheep milk and goat milk. The market is marked on the basis of distribution channel which includes full-service restaurants, fast food outlets, catering services, bakeries/pastries and others. The market is segmented by application into salads, pastries, sandwich, pasta, meat & pizza and other recipes. Depending on the region, it is studied across North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Greece and Rest of Europe), Asia‐Pacific (China, Japan, India, Australia South Korea, Indonesia Singapore and rest of Asia‐Pacific) and LAMEA (Brazil Argentina South Africa UAE Nigeria Turkey and Rest of LAMEA)
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On the basis of food service feta cheese market analysis by type, in 2019, French Feta accounted for the majority share both in terms of value and volume and is anticipated to continue to remain dominant throughout the forecast period. The segmental growth is due to the high availability of this feta cheese variant. The fastest growing type of feta cheese during the forecast period is Bulgarian feta. This is because it has a milder taste and the adoption of this form of feta has risen due to increasing curiosity among cheese lovers around globe.
On the basis of food service feta cheese market segmentation by source, segment accounted for an estimated share in sales of sheep milk. In 2019, it accounted for an $1,259.8 million valuation and is projected to be worth a market size of $2,124.8 million by 2030 registering a CAGR of 6.5%. In contrast, cow milk constituted the fastest segment during the entire forecast period.
By distribution channel, fast food outlets dominated the global share in 2019 and would maintain this trend in the forecast period. The increase in this segment in food service feta cheese market is credited to the rising reliance of consumer on such food vending formats. Fullservice restaurant segment is projected to witness the fastest growth throughout the forecast period. This segment growth is attributed to an increase in the integration of variant feta cheese offerings within such food service venues.
On the basis of application, salads, sandwich and pizza accounted for the majority share in 2019 with salad leading in volume and value share. Pasta is expected to register the fastest growth with a CAGR of 8.1% during the forecast period.
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Geographically, Europe was the largest market in 2019 and is anticipated to dominate over forecast period. Asia-Pacific, on the other hand is the fastest growing region in terms of food service feta cheese.
Key Findings Of The Study
On the basis of type, the Bulgarian feta segment is expected to register the highest CAGR of 7.2% in revenue terms during the forecast period.
By source, the sheep segment is expected to dominate the market during the forecast period.
The fast food outlets segment in the distribution channel category is anticipated to register a healthy growth rate during the forecast period.
Revenue Generation, USA — Food service feta cheese in 2020 was largest contribution towards it.
The Asia-Pacific region is expected to attain the highest growth rate in the market, during the forecast period, registering a CAGR of 8.1% from 2021 to 2030.
The feta cheese food service market is primarily a consolidated market which is led by few players. Finally, making this report a value for money proposition for our audience shears the best price in the Industry during limited time offer. Key players Mentioned in the Feta Cheese Market, research report are- Arla Foods AMBA, Fonterra Co-Operative Group Limited, Dodoni S.A., Mevgal, Clover Leaf Cheese Ltd., Lactalis American Group, Inc, Saputo Inc., The Kraft Heinz Company, Kolios S.A And Sadafco.
