The feta cheese market has experienced robust growth recently, expected to continue its upward trajectory. With a compound annual growth rate (CAGR) of 6.4%, it is projected to reach $14.52 billion in 2024 from $13.65 billion in 2023. Anticipated to sustain this momentum, the market is forecasted to expand to $19.01 billion by 2028, with a CAGR of 7.0%.
Factors driving this growth include the increasing popularity of Mediterranean cuisine, heightened health consciousness, globalization of food culture, rising demand for specialty cheeses, diverse culinary applications, and a focus on natural and organic foods. Furthermore, trends such as plant-based alternatives, flavored varieties, clean label initiatives, educational marketing, and innovative packaging are shaping the market’s landscape.
The anticipated rise in sheep and goat milk production is expected to further propel market growth, given that feta cheese is primarily crafted from sheep milk. This aligns with the increasing demand for quick-service restaurants (QSRs), where feta cheese is becoming a sought-after ingredient due to its versatility, affordability, and extended shelf life.
Innovations in product development, particularly in packaging solutions like Pure-Pak cartons, are gaining traction, offering freshness and convenience to consumers. Europe currently dominates the market, while Asia-Pacific is projected to exhibit the fastest growth during the forecast period. Countries covered in the market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, and Spain.
