Foodservice feta cheese market to reach $3.81 billion globally by 2030 at a CAGR of 6.9%: Allied Market Research

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.

Request sample report at: https://www.alliedmarketresearch.com/request-sample/14943

Covid-19 scenario

  • 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.

For a purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/14943

Main market players

  • Arla AMBA Foods
  • Fonterra Co-Operative Group Limited
  • Dodoni SA
  • mevgal
  • Clover Leaf Cheeses Ltd.
  • Lactalis American Group, Inc.
  • Saputo inc.
  • The Kraft Heinz Company
  • Kolios SA
  • Sadafco

Avenue Basic Plan | Access to the library | 1 year subscription |

Sign up for the Avenue subscription to access over 12,000 company profiles and over 2,000 niche market research reports on $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.

Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar reports:

Cheese Market: Global Opportunities Analysis and Industry Forecast 2021-2030

Halloumi Cheese Market: Global Opportunity Analysis and Industry Forecast 2021-2027

Mango Butter Market: Global Opportunities Analysis and Industry Forecast 2021-2027

Food Authenticity Market: Global Opportunities Analysis and Industry Forecast 2021-2030

About Us

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
United States/Canada (Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
The Web: https://www.alliedmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research