PORTLAND, Oregon., January 24, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “Food Service Feta Cheese Market by Type (Bulgarian Feta, German Feta, French Feta, Feta PDO and others), source (cow’s milk, sheep’s milk and goat’s milk), distribution channel (full-service restaurants, fast food establishments, catering services, bakeries/pastries and others) and Application (Salads, Pastries, Sandwiches, Pasta, Meats, Pizzas and Others: Global Opportunities Analysis and Industry Forecast, 2021-2030.” According to the report, the global restaurant feta cheese industry generated $2.18 billion in 2019, and should reach $3.81 billion by 2030, with a CAGR of 6.9% from 2021 to 2030.
Main determinants of growth
Expanding food and beverage industry, health benefits provided by feta cheese, and changing food consumption behavior are driving the growth of the global feta cheese market for foodservice. However, the adoption of veganism is restraining the growth of the market. On the other hand, innovations in product offerings and the rise of the restaurant industry are creating new opportunities in the years to come.
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- During the Covid-19 pandemic, various governments in many countries have implemented containment measures. Restaurants, cafes and hotels have been closed. This reduced the demand for feta cheese.
- Due to confinement measures and prevention of cross-contamination, people refrained from ordering food from outside, which, in turn, reduced the demand for fast food. These factors have led to a decline in the consumption of feta cheese.
- However, demand for feta cheese is expected to recover steadily after the lockdown as restaurants, hotels and cafes reopen and now operate full time.
The French segment of feta will maintain its leading status during the forecast period
By type, the French feta segment held the largest share in 2019, accounting for more than a third of the global feta foodservice market, and is expected to maintain its leading status over the forecast period. This is due to its delicious taste and versatility in cooking or preparing meals. However, the Bulgarian feta segment is expected to show the highest CAGR of 7.2% from 2021 to 2030.
The fast food restaurants segment will maintain its leading position throughout the forecast period
Based on distribution channel, the fast food outlets segment accounted for the largest share in 2019, contributing nearly one-third of the global feta cheese market for foodservice, and is expected to maintain its leading position throughout. of the forecast period. This is due to the increase in the working population and the adoption of fast food culture across the world. However, the full-service restaurant segment is estimated to experience the highest CAGR of 7.5% from 2021 to 2030. This is attributed to the propensity of people to eat in restaurants and cafes.
Europe, followed by North America, to maintain its dominance by 2030
Based on the region, Europe, followed by North America, contributed the highest market share in 2019, holding nearly half of the global feta cheese market for foodservice, and is expected to maintain its dominance by 2030. This is attributed to a large population base and strong adoption of feta cheese in this region. However, Asia Pacific is expected to show the fastest CAGR of 8.1% during the forecast period. This is due to the adoption of Western food consumption habits.
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Main market players
- Arla AMBA Foods
- Fonterra Co-Operative Group Limited
- Dodoni SA
- Clover Leaf Cheeses Ltd.
- Lactalis American Group, Inc.
- Saputo inc.
- The Kraft Heinz Company
- Kolios SA
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