Feta cheese Market to Garner $15.6 Bn, Globally, by 2028 at 5.7% CAGR: Allied Market Research

PORTLAND, Ore., June 8, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "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". As per the report, the global feta cheese industry was pegged at $10.5 billion in 2019, and is estimated to reach $15.6 billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028.

Major determinants of the market growth

Expansion of quick-service restaurant, increase in popularity, growth in demand for protein-rich food, and rising trend for international cuisine have boosted the growth of the global feta cheese market. However, lack of storage and transport facility hinder the market growth. On the contrary, availability of various options in cheese such as flavor, color, and texture is expected to create lucrative opportunities for the market players in the future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/8784

Covid-19 scenario:

• The outbreak of the covid-19 pandemic led to disrupted services and supply chain in the feta cheese market.
• The suspension of hotels and restaurants during lockdown has further declined the demand for feta cheese.
• Moreover, as the regions are entering recovery zone, the market is expects to proliferate soon.

The sheep milk segment held the largest share

By source, the sheep milk segment held the largest share in 2019, accounting for around three-fifths of the global feta cheese market, due to its superior quality compared to cow, goat, and buffalo milk. However, the cow milk segment is projected to manifest the highest CAGR of 6.5% during the forecast period, owing to  easy availability of a variety of cows as well as their milk.

The B2C segment to register the highest CAGR through 2028

By distribution channel, the B2C segment is anticipated to portray the highest CAGR of 6.2% during the forecast period, owing to itsuse in various regular dishes . However, the B2B segment held the largest share in 2019, contributing to nearly three-fifths of the global feta cheese market, owing to surge in demand for various fast foods from the leading food chains such as Burger King, KFC, McDonalds, and Dominos.

Europe, followed by North America, dominated the market growth

By region, the global feta cheese market across Europe, followed by North America, held the largest share in 2019, accounting for more than half of the market. Increase in demand from millennial, surge in awareness regarding the benefits of chees, and rise in demand for fresh and ready to eat food with changes in lifestyle drive the growth of the market in this province. However, the market across Asia-Pacific is expected to showcase the highest CAGR of 6.6% during the forecast period, owing to increase in demand for cheese products such as feta cheese and cheddar cheese in the developing countries.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/8784

Major market players

• 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
• Clover Leaf Cheese Ltd.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

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

Similar Reports:

Cheese Market: Global Opportunity Analysis and Industry Forecast 2017–2023

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

Mango Butter Market: Global Opportunity Analysis and Industry Forecast 2021–2027

Cooking Oil Market: Global Opportunity Analysis and Industry Forecast 2021–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll 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]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED