Food Service Feta Cheese Global Market Report 2024

The food service feta cheese market size has grown strongly in recent years. It will grow from $2.73 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be attributed to several factors, including the globalization of food culture, the increasing preference among consumers for natural ingredients, the popularity of vegetarian and Mediterranean diets, the rise of cheese board and appetizer culture, the premiumization of ingredients, and the growing demand for convenient food options. These trends collectively contributed to the expansion of the market for feta and similar cheeses during this period.

The food service feta cheese market size is expected to see strong growth in the next few years. It will grow to $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to the increasing popularity of plant-based diets, a growing emphasis on sustainable and ethical consumer choices, the fusion of culinary styles and cross-cultural cuisine, a heightened focus on local and artisanal products, and the influence of food influencers shaping consumer preferences. Major trends expected in this forecast period include innovations in cheese formats, a surge in demand for clean label and natural ingredients, the continued growth of online food delivery and takeout services, advancements in packaging technology, and the sustained popularity of cheese board and charcuterie trends.

The upward trajectory of the demand for prepared or takeaway meals is anticipated to be a significant driver propelling the expansion of the food service feta cheese market. Takeaway meals, prepared in restaurants and carried away for consumption elsewhere, have surged in popularity. Feta cheese, known for its versatility and ability to enhance various dishes such as pasta, salads, and dips, has become a favored ingredient in such meals. Notably, a report from the Census and Statistics Department in February 2022 revealed a substantial increase in total receipts at Chinese and non-Chinese restaurants as well as fast-food establishments in Hong Kong during 2021. These statistics signal a growing inclination toward takeaway meals, a trend likely to fuel the demand for feta cheese within the food service sector.

The surge in the demand for online food delivery services is poised to drive the growth of the food service feta cheese market in the coming years. Online food delivery platforms, facilitating the seamless ordering of food from various restaurants via digital interfaces, have emerged as influential channels for consumers. Feta cheese-infused dishes are prominently displayed on these platforms, attracting consumer attention due to their detailed menus, images, and descriptions. Notably, projections by Mad Mobile in March 2022 foresee substantial revenue growth in the online food delivery segment, expecting a market volume of $466,472 million by 2026. This escalating demand through online delivery mechanisms is expected to significantly contribute to the expansion of the food service feta cheese market.

Product innovation stands out as a pivotal trend gaining momentum in the food service feta cheese market. Key industry players are actively pursuing innovative solutions to enhance offerings in this segment. For example, in December 2021, Dodoni S.A., a Greece-based agricultural dairy company, introduced an innovative spreadable cheese - Dodoni Spread. This novel product, crafted with PDO Dodoni Feta and Yogurt, features whole feta pieces blended with DODONI yogurt. With a low-fat content (16%) and high protein, the spread boasts a creamy texture that makes it easily spreadable. It comes in three flavors such as natural, tomato basil, and chili pepper, providing consumers with versatile and flavorful options in the feta cheese category within the food service sector.

Prominent companies within the food service feta cheese market are strategically prioritizing product advancements, particularly in the domain of dairy products, to maintain their market standing. Dairy products, derived from animal milk - commonly from cows but also sourced from goats, sheep, and other mammals - are integral components of this market. A case in point is the initiative undertaken by Daiya Foods in July 2023, a Canada-based plant-based food enterprise. They introduced two innovative dairy-free products - goat cheese flavor crumbles and feta cheese flavor crumbles - to the Canadian market. These offerings, pre-crumbled for added convenience, serve as versatile toppings suitable for salads, pizzas, and pasta, replicating the taste and texture of traditional goat cheese and feta cheese. Catering to the rising demand for dairy-free alternatives, this development aligns with the industry's shift towards plant-based and alternative products, notably impacting the feta cheese market.

In September 2021, EMMI AG, a Swiss milk processor and dairy products company, executed an undisclosed acquisition of Athenos from the Lactalis Group. This strategic move not only bolsters EMMI AG's presence within the US market but also unlocks new export opportunities, particularly for Swiss cheese, facilitated by enhanced distribution networks. Athenos, a US-based company specializing in feta cheese manufacturing, is the focus of this acquisition, consolidating EMMI AG's position and potential growth avenues within the cheese market segment, specifically in the United States.

Major companies operating in the food service feta cheese market report are Arla Foods AMBA, Fonterra Co-Operative Group Limited, Lactalis American Group Inc., Saputo Inc, Dodoni S.A., Kolios S.A, Mevgal S.A., The Kraft Heinz Company, Clover Leaf Cheese Ltd, Saudia Dairy and Foodstuff Company, D'lecta Foods Pvt Ltd, Tre Stelle SRL, CARR Group PTE Ltd, Organic Valley, Agropur Cooperative, Danone S.A., Nestlé S.A., FrieslandCampina N.V., Groupe Bel S.A., Emmi AG, Fromageries Bel S.A., Barry Callebaut Group AG, Gruppo Lactalis Italia S.p.A., Savencia Fromage & Dairy S.A., Saputo Cheese USA Inc., Karoun Dairies Inc., Hoogwegt Group, Lioni Latticini Inc., Leprino Foods Company, Old Europe Cheese Inc., Norseland Inc., Bongrain S.A., Vermont Creamery Inc., Petaluma Creamery LLC, President Cheese Inc., Klondike Cheese Company LLC, Fantis Foods Inc., Yanni's Cheese Inc., Kronos Foods Corporation.

Europe was the largest region in the food service feta cheese market in 2023. Asia-Pacific is expected to be the fastest-growing region in the foodservice feta cheese market during the forecast period. The regions covered in the food service feta cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the food service feta cheese market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In the realm of food service, various types of feta cheese exist, including Bulgarian feta, German feta, French feta, PDO feta, and others. Bulgarian-style feta, for instance, mirrors the classic Bulgarian cheese-making tradition, akin to the evolution of Greek feta. This cheese utilizes a combination of cow milk, sheep milk, and goat milk and finds versatile applications in salads, pastries, sandwiches, pasta, meats, pizzas, and various culinary creations.

The food service feta cheese market research report is one of a series of new reports that provides food service feta cheese market statistics, including food service feta cheese industry global market size, regional shares, competitors with a food service feta cheese market share, detailed food service feta cheese market segments, market trends, and opportunities, and any further data you may need to thrive in the food service feta cheese industry. This food service feta cheese market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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