Food Service Feta Cheese Market Statistics - 2030
The 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 was the dominant segment in the type category in 2019 and is expected to continue the dominance throughout the forecast period. Europe was the largest regional segment in food service feta cheese market in 2019, and is expected to continue the trend throughout the forecast period.Feta cheese is a form of cheese prepared from a mixture of cow, sheep and goat milk. Traditional feta cheese is made using a 7:3 ratio of sheep and goat milk, and has a fat level of 21 g per 100 g. This variety of cheese has a mix of creamy, grainy, and soft texture, and a fully flavored salty and sour taste to it. The texture of feta cheese is determined by its age, and it can range from exceptionally creamy to crunchy. Due to differences in farm animal diets, the texture and flavor varies slightly from place to region. Feta cheese is often used in salads, sandwiches, and pizzas as well as cooking cheese.
The COVID-19 pandemic has had a significant impact on the foodservice business, 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 food service feta cheese market is subject to notable growth during the forecast period. The growth of this market can be attributed to growing affinity of people toward prepared meals/takeaways that include cheese from food service outlets. Moreover, growing reliance on convenience among working population coupled with rise in the number of options to acquire food has paved the way for the growth of food service feta cheese market. Furthermore, feta cheese is known to be an excellent source of micro and macro nutrients that aid in the healthy functioning of the body, which makes it very popular among the health conscious cohort of the global population.However, growing adoption of veganism acts as the major restraint in the growth of feta cheese and other dairy/animal products. Consumers are shifting away from animal sources and toward plant-based ones which can be related to increased anti-meat sentiments, and concerns over animal cruelty. Consumer preferences are evolving toward plant-based alternatives because to a growing desire for clean-label products, worries about sustainability, and a pressing need to avoid allergens. On the contrary, growing adoption of feta cheese in untapped countries in the Asia-Pacific and LAMEA region as well as growing adoption of western diet and lifestyle in such regions is expected to open avenues for the food service feta cheese market growth
The food service feta cheese market is segmented by type, source, distribution channel, application and region. Based on type, the market is split into Bulgarian Feta, German Feta, French Feta, PDO Feta, and Others. By source the market is classified into cow milk, sheep milk, and goat milk. Based on distribution channel, the market is divided into full-service restaurants, fast food outlets, catering services, bakeries/pastries, and others. By application, the market is segmented into salads, pastries, sandwich, pasta, meat, pizza, and others recipes. By region, it is analyzed across North America (the 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)
French Feta was the dominant segment.
Based on food service feta cheese market analysis by type, French Feta was the largest segment in terms of value and volume in 2019 and is expected to retain its dominant position throughout the forecast period. The growth of this segment can be attributed to high availability of this variant of the feta cheese. Bulgarian feta was the fastest growing variety of feta cheese during the forecast period. This is due to milder taste and rise in adoption of this form of feta due to growing curiosity among cheese enthusiasts al around the world.
Sheep Milk was the dominant segment.
Based on food service feta cheese market forecast by source, sheep milk was the dominant segment in the category. It was valued at $1,259.8 million in 2019 and is expected to garner a market size of $2,124.8 million by 2030 growing at a CAGR of 6.5%. On the contrary, the cow milk segment was the fastest growing segment throughout the forecast period.
By Distribution Channel
Full-Service Restaurants was the fastest growing segment
Based on distribution channel, fast food outlets accounted for majority of the global share in 2019 and is expected to continue the trend throughout the forecast period. The growth in this segment in food service feta cheese market can be attributed to growing dependency of consumer on such food vending formats. The full-service restaurant segment is expected to grow at the fastest growth rate throughout the forecast period. The growth of this segment can be attributed to rise in the inclusion of different feta cheese options in such food service establishments.
Pasta was the fastest growing segment
Based on the application, salads, sandwich and pizza accounted for majority of the share in 2019 with salads leading the market in terms of volume and value share. Pasta is estimated to grow at the fastest growth rate of 8.1% throughout the forecast period
Asia-Pacific was the fastest growing segment.
Based on region, Europe was the largest market in 2019 and is expected to remain dominant throughout the forecast period. However, Asia-Pacific was the fastest growing regional segment in the food service feta cheese market
The food service feta cheese market is for the most part an organized market which is dominated by few players. The key players in the food service feta cheese industry relies on strategies such as product launch and acquisition to stay relevant in the global food service feta cheese market share. The key players profiled in the 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.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current food service feta cheese markettrends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assists to determine the prevailing food service feta cheese marketopportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
Food Service Feta Cheese Market Report Highlights
By Distribution Channel
Key Market Players
THE KRAFT HEINZ COMPANY, MEVGAL S.A., CLOVER LEAF CHEESE LTD., LACTALIS AMERICAN GROUP, INC, DODONI S.A., KOLIOS S.A., ARLA FOOD AMBA, FONTERRA CO-OPERATIVE GROUP LIMITED, SAUDIA DAIRY AND FOODSTUFF COMPANY (SADAFCO), SAPUTO, INC.
The food service feta cheese market holds a substantial scope for growth in the global market. The market, which is in its growth stage, is expected to contribute significantly to the global market in the upcoming years. The food service feta cheese business has grown significantly in recent years, notably in developed countries such as the U.S., the UK, and other countries, reflecting growing awareness of feta cheese's health benefits.
Furthermore, the rise of dual-income households, increase in consumer’s interest in feta cheese due to internet and social media and the growth of the food service industry are major drivers of market expansion in both developed and developing countries. Feta cheese has a wide application area when it comes to different recipe types. It is also considered healthy due to high micro and macro nutrient content. All of the above is expected to drive the food service feta cheese market.