Global Feta Cheese Market Size USD 19 Billion By 2030 | CAGR of 5.9%

Introduction

Feta is a salty curd cheese prepared from various milk, including cow, goat, and sheep. It is thought to be the cheese that is the healthiest overall. It includes fatty acids that aid in weight management and offer many health advantages. Additionally, since feta cheese provides calcium and protein, which help the body regulate blood sugar levels, it may lessen the chance of developing diabetes. Contrary to other cheeses, its advantages have piqued consumer interest.

Hypertensive individuals consume healthy food items, and feta cheese, which has therapeutic properties, is crucial in decreasing blood pressure. Feta cheese is unique among cheeses due to its healing properties and high vitamin content. However, feta cheese has several drawbacks due to the high salt content added during the cheese-making process. Also, due to hazardous microorganisms, pregnant women are prohibited from ingestingthem. These considerations mentioned above may constrain the market expansion.

Market Dynamics

Growing Popularity of European Food Culture Propels the Market for Feta Cheese

The US is one of the most developed regions in the world and thus attracts numerous immigrants for job opportunities. As cultural values are imbibed, immigrants carry them wherever they migrate. This has a significant impact on the modern food culture of the US. For instance, pasta and pizza are commonly consumed food products in the US. Moreover, European cuisine has been considerably adopted in the international market, such as the English breakfast has become a continental breakfast, in which feta cheese is predominant. Therefore, the growing popularity of European food culture and Greek feta cheese boosts the demand for feta cheese, thereby driving the market.

Wide Variety of Feta Cheese Create Tremendous Market Opportunities

The development of technology and innovation in cheese-making has helped cheesemakers introduce different types of cheese to cater to changing customer tastes and preferences. Consumers' lifestyles, consumption patterns, product preferences, and demands are trending. Therefore, to meet these trending demands of consumers, different cheese flavors such as smoked cheese, alcohol-flavored cheese, hot spicy, peppery cheese, herbs & floral-flavored cheese, sweet-flavored cheese, fruit-filled & chocolate cheese, and others have been introduced into the market.

Additionally, as health awareness has grown among consumers, cheese producers are producing low-fat and low-cholesterol cheese. Consequently, it is predicted that the availability of feta cheese in various tastes, colors, and textures to meet the evolving needs of consumers will be a lucrative potential for market growth over the forecast period.

Regional Insights

Europe is the highest market shareholder and is expected to grow at a CAGR of 5.3% during the forecast period. Due to changes in lifestyle and a surge in demand for fresh and ready-to-eat food among millennials, Germany and the Netherlands have the largest markets for feta cheese in Europe. The need for feta cheese in Europe is further driven by increased application areas, accessible pricing, and increased consumer knowledge of the benefits of cheese. Moreover, its rising adoption in quick-service restaurants is expected to create lucrative opportunities for the market.

Asia-Pacific is the fastest-growing region. The increase in demand for cheese products such as feta cheese and cheddar cheese in emerging economies like China, India, and Australia is playing a pivotal role in the growth of the feta cheese market. This is primarily due to changing lifestyles in the region. Moreover, an increase in investments by several small and mid-sized food manufacturing companies in developing countries also supports the market growth. The significant drivers for the feta cheese market are the high population, taste & preferences of the consumer, and the growing number of fast-food trucks.

North America is the second largest region and is projected to reach USD 4,280 million, growing at a CAGR of 6.5% during the forecast period. The primary factor driving the growth of the feta cheese market in the US is a rise in the number of health-conscious consumers due to the hectic lifestyle. Consumers are increasingly opting for different types of cheese, resulting in strong requirements for cheese products. Therefore, manufacturers focus on introducing new feta cheese to meet this rise in the requirement of protein among consumers.

Key Highlights

• The global feta cheese market was valued at USD 11.5 billion in 2021. It is projected to reach USD 19 billion by 2030, growing at a CAGR of 5.9% during the forecast period (2022–2030). 
• Source-wise, the global feta cheese market is classified into Goat Milk, Cow Milk, and Sheep Milk. The Sheep Milk segment is the highest contributor to the market and is estimated to grow at a CAGR of 5.6% during the forecast period.
• Type-wise, the global feta cheese market is classified into French Feta, Bulgarian Feta, German Feta, and Others. German Feta is the highest contributor to the market and is estimated to grow at a CAGR of 5.2% during the forecast period.
• Distribution channel-wise, the global feta cheese market is classified into B2B and B2C. The Business to Business (B2B) channel is the highest contributor to the market and is estimated to grow at a CAGR of 5.6% during the forecast period.
• Region-wise, the global feta cheese market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is the highest shareholder and is estimated to grow at a CAGR of 5.3% during the forecast period.

Competitive Players

Competitive Players

The key players in the global feta cheese market include Arla Foods amba, Fonterra Co-operative Group, Lactalis American Group, Inc., Saputo Inc, Dodoni S.A., Kolios S.A. Mevgal, SADAFCO, The Kraft Heinz Company, and Clover Leaf Cheese Ltd.

Recent Developments

Market News

• In June 2022, Fonterra confirmed the finalization of the strategic partnership with New Zealand's Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op.
• In April 2022, Fonterra expanded on-farm trials of methane reducing Asparagopsis seaweed as part of Fonterra's commitment to helping solve the methane challenge.

Segmentation

Global Feta Cheese Market: Segmentation

By Source

• Cow Milk
• Sheep Milk
• Goat Milk

By Type

• Bulgarian Feta
• French Feta
• German Feta
• Others

By Distribution Channel

• B2B

• Full-Service Restaurant
• Fast Food Outlet
• Catering Services

• B2C

• Hypermarket/Supermarket
• Food Specialty Store
• Convenience Stores

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA