Global Halloumi Cheese Market - WishTree Insight

Global Halloumi Cheese Market by Type (Flavored and Unflavored), Nature (Organic and Conventional), End-User (Food Services and Industrial), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Halloumi Cheese market size was valued at USD 0.63 billion in 2022 and is expected to surpass USD 0.86 billion by 2032, expanding at a CAGR of 10.4 % during the forecast period, 2022–2032. The market's growth is attributed to the growing cross-cultural interaction due to frequent travel.

INTRODUCTION

Haloumi is a type of cheese that originated in Cyprus and is made from sheep or goat's milk. The cheese is semi-hard and has a high melting point, making it ideal for grilling or frying. It has a distinctive, slightly salty taste and a rubbery texture. Halloumi is often served as a vegetarian alternative to meat and is a popular ingredient in Mediterranean and Middle Eastern cuisine.

The market for Halloumi cheese has been growing in recent years, due to the increasing popularity of Mediterranean and Middle Eastern cuisine, as well as the growing demand for vegetarian and vegan options. In addition, the unique taste and texture of Halloumi, along with its versatility in cooking, have made it a popular ingredient in many different dishes.

The growth of the Halloumi cheese market is driven by factors such as population growth, increasing disposable income, and the rising demand for high-quality dairy products. In addition, the growth of online food sales and the increasing availability of Halloumi cheese in supermarkets and specialty food stores have also contributed to its growing popularity.

However, the Halloumi cheese market is also faced with some challenges, such as the high cost of production, which can make it difficult for smaller producers to compete with larger, established brands. In addition, there have been concerns about the environmental impact of sheep and goat farming, as well as the sustainability of traditional production methods. These challenges may limit the growth of the Halloumi cheese market in the future.

Market Trends, Drivers, Restraints, and Opportunities

• Growing popularity of Mediterranean and Middle Eastern cuisine: Halloumi cheese is a staple ingredient in these cuisines and as these cuisines become more popular globally, the demand for Halloumi cheese has increased.
• Increasing demand for vegetarian and vegan options: Halloumi cheese is often used as a meat alternative, which has made it a popular ingredient for those following a vegetarian or vegan diet.
• Rising disposable income: As people's incomes rise, they are willing to spend more on premium and specialty food products, such as Halloumi cheese.
• Growing popularity of grilling and barbecuing: Halloumi cheese's high melting point and its ability to retain its shape make it a popular ingredient for grilling and barbecuing.
• Expansion of online food sales: The growth of online food sales has made it easier for consumers to purchase Halloumi cheese, increasing its availability and accessibility.
• Increasing awareness of the health benefits of dairy products: Halloumi cheese is a rich source of protein and calcium, which has helped to increase its popularity as a healthy food option

Scope of the Report

Market Segment Insights

The unflavored segment is projected to register a considerable CAGR

Based on type, the halloumi cheese market is divided into flavored and unflavored. The unflavored segment is expected to expand rapidly during the forecast period as it is preferred more over flavored fast food by consumers. However, the flavored segment is anticipated to hold a steady share of the market in the coming years.

The conventional segment is expected to expand at a rapid pace

Based on nature, the halloumi cheese market is bifurcated into organic and conventional. The conventional segment is expected to expand rapidly during the forecast period owing to lower prices and higher availability in the marketplace. However, the organic segment is anticipated to hold a key share of the market in the coming years due to its health benefits.

The food service segment is projected to register a considerable CAGR

On the basis of end-user, the halloumi cheese market is segregated into food services and industrial. The food service segment is projected to register a considerable CAGR during the forecast period owing to an increase in the number of fast-food restaurants. On the other hand, the residential segment is anticipated to account for a major market share during the forecast period due to the growing interest of consumers in cooking homemade dishes and cuisines.

Europe is anticipated to hold a major share of the market

In terms of regions, the halloumi cheese market is classified as APAC, Europe, North America, and LAMEA. Europe is anticipated to constitute a key share of the halloumi cheese market during the projected period. However, the market of the Asia Pacific, Latin America, and Middle East Africa is anticipated to expand at a rapid pace during the forecast period owing to the cross-cultural interaction due to travel.

Competitive Landscape

Key players competing in the Halloumi Cheese market are Waimata Cheese Company (New Zealand); Zita Dairies Ltd (U.K.); Arla Foods amba (U.K.); Nordex Food A/S (Denmark); Hadjipieris Ltd (Cyprus).

FAQs

How much is the market worth?

The Halloumi Cheese market size was valued at USD 0.63 billion in 2022 and is expected to surpass USD 0.86 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 10.4%.

What are the key drivers of the market?

The market's growth is attributed to the growing cross-cultural interaction due to frequent travel.

What segments are covered in the Halloumi Cheese report?

The segments covered in the report are type (flavored and unflavored), nature (organic and conventional), and end-user (food services and industrial).

Mention which region is expected to hold the highest share of the Halloumi Cheese market.

The Europe region is expected to hold the highest share of the Halloumi Cheese market.

Which segment holds the largest market share in Halloumi Cheese by 2032?

The conventional segment holds the largest market share in Halloumi Cheese by 2032.

Mention the key players in the market.

Waimata Cheese Company (New Zealand); Zita Dairies Ltd (U.K.); Arla Foods amba (U.K.); Nordex Food A/S (Denmark); Hadjipieris Ltd (Cyprus)