Portland, OR, June 21, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global feta cheese market was pegged at $10.5 billion in 2019 and is estimated to hit $15.6 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
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.
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- The outbreak of the pandemic gave way to disrupted services and distorted supply chain, which in turn impacted the global feta cheese market negatively.
- Closure of hotels and restaurants during lockdown also led to reduced demand for feta cheese.
- However, as the global situation is being ameliorated on a gradual note, the market is anticipated to recoup soon.
The global feta cheese market is…