The global feta cheese market size was valued at $10.5 billion in 2019, and is anticipated to reach $15.6 billion by 2028, with a CAGR of 5.7% during the forecast period.
Feta Cheese Market by Source (Cow Milk, Sheep Milk, and Goat Milk), Type (Bulgarian Feta, French Feta, German Feta, and Others), and Distribution Channel (B2B and B2C Distribution): Global Opportunity Analysis and Industry Forecast, 2021–2028
Feta cheese is obtained from sheep and goat milk. It is very nutritious and tasty. It is a useful ingredient served in a variety of dishes, toppings of sandwiches, salads & snacks, and others. The fat content present in feta cheese is low as compared to other cheese. It is manufactured in Germany and then exported to other countries. It is always included in the German diet.
The German and French feta cheese segments are the highest growing type in the global market, owing to preference of consumers to natural food products. In addition, the European feta cheese market is quite mature and have the lowest CAGR among other regions, thus, feta cheese suppliers over there should remake their business models and find new opportunities for the growth of the market.
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Increase in fast food consumption and rise in awareness among people about the health benefits of feta cheese drive the demand for cheese products. Moreover, surge in popularity of European food culture is the major factor that drives the growth of the feta cheese market. Furthermore, immigrants have the habit of carrying their culture wherever they migrate, which has a significant impact on the modern food culture.
Corona virus has spread all over the world and most of the countries are adopting lockdown measures to control the spread of the virus for securing public health. All business and production activities are fully shut down except food and medical sector or other, leading toward economic crisis in the country. Manufacturing and production functions are stopped which has slowed down the business and inactive trade and transportation has fully disrupted the supply chain because of which companies can face big losses in near future.
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According to the feta cheese market analysis, the market is segmented on the basis of source, type, distribution channel, and region. Based on source, the feta cheese market is categorized into cow milk, sheep milk, and goat milk.
Region wise, Europe was the prominent region in 2019, garnering maximum share in the feta cheese market, owing to huge consumer base, major production area, and increase in population. SMEs operating in the region are targeting online sales channel to increase their sales. These companies are further investing in various marketing and advertising activities to increase their products awareness. In addition, surge in penetration of feta cheese among consumers is anticipated to fuel the market growth during the forecast period.
The key players profiled in this report include are Arla Foods amba, Lactalis American Group, Inc, Fonterra Co-operative Group, Saputo Inc, The Kraft Heinz Company, Dodoni S.A, Kolios S.A., Mevgal, SADAFCO, and Clover Leaf Cheese Ltd.
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Key benefits for stakeholders
The report provides quantitative analysis of the current feta cheese market trends, estimations, and dynamics of the market size from 2019 to 2028 to identify the prevailing feta cheese market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
The feta cheese market demand is rising in the western countries.
In-depth analysis and the market size & feta cheese market segment assist to determine the market potential.
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 feta cheese industry.
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