Halloumi Cheese Market Participants to Capitalize on Rising
Demand for Mediterranean Food with Longer Shelf Lives
Fact.MR's recent industry analysis on the halloumi cheese
market offers a comprehensive outlook of trends, opportunities,
drivers, and restraints prevailing in the market. The study
divulges compelling insights into segments of the market in terms
of nature, flavor, product form, end use, distribution channel, and
region.
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The global halloumi
cheese market size is projected to grow at a CAGR of over 12%
during the forecast period from 2020 to 2030. The global market is
anticipated to reach a valuation of US$ 900
Million by the end of 2030.
The market for halloumi cheese is projected to be significantly
impacted by various factors, including positive demographic changes
and dynamic shifts in snacking patterns. Easy availability of
different types of cheese with varying aromas and tastes in
supermarkets and online platforms is also expected to drive
growth.
Cyprus continues to be one of
the top manufacturers and exporters of halloumi cheese. Apart from
that, demand for halloumi cheese is anticipated to surge in
European and the Middle Eastern countries owing to high demand for
organic cheese among the health-conscious population.
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Ability of halloumi cheese to provide a high level of protein is
another crucial factor that is likely to boost the market. Demand
for this type of cheese is on the rise backed by increasing shift
towards snacking from conventional eating patterns.
Besides, rapid expansion of the retail sector and rising
preference for Mediterranean food items among millennials are set
to aid the growth in the market. Hence, key players are also
focusing on improving their distribution networks and surge the
shelf-life of their in-house products to attract a large consumer
base.
Key Takeaways:
- Middle East and Europe are projected to lead the global
halloumi cheese market with a cumulative share of over 70% in the
next decade.
- The global halloumi cheese market is expected to reach a
valuation of nearly US$ 900 Million
by the end of 2030.
- The U.K. has stopped about 70% of its incoming trade associated
with halloumi cheese in the last few months.
- Recent government approval to bring dairy products from various
parts of the world to China is
expected to push the country in Asia
Pacific.
Growth Drivers:
- As halloumi cheese is regarded as a high-protein alternative to
meat among vegans, it is expected to generate more sales.
- As halloumi cheese is high in calcium, it provides a person's
bones with their structure and strength, which would propel
growth.
Restraints:
- Halloumi cheese has high sodium content and thus people with
high blood pressure cannot consume it on a daily basis.
- Though raw halloumi cheese contains moderate calories,
consuming it with food that is coated or fried in oil can increase
the calorie content.
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Competitive Landscape:
Key players operating in the global halloumi cheese market are
engaging in research and development activities to come up with
novel products. Some of the other companies are focusing on joining
hands with renowned fast food chains or restaurants to provide them
with their in-house products.
For instance,
- In June 2022, McDonald's
UK announced that it is set to launch a new exciting menu item
since Chicken Big Mac- Halloumi Fries. The popular fast food chain
unveiled its innovative Taste of Cyprus and Spain menu that features Halloumi Fries, a new
drink, and two burgers.
- In December 2021, Violife,
a provider of vegan cheese alternative products based in
New Jersey, launched its new
plant-based Halloumi style cheese named Grill Me in Sprouts
locations. It has also introduced Smoked Gouda Slices that would
provide a nostalgic and mellow smoky flavor.
Key Companies Profiled by Fact.MR
- Petrou Bros Dairy Products Ltd.
- Akgöl Dairy
- Grillies
- Routhier Weber GmbH
- N.TH. Kouroushis LTD.
- Lemnos Foods
- FarmLand General Trading Co
- Almarai
- Waimata Cheese Company
- GALAKTOKOMIO A.D.S DAFNI LTD
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More Valuable Insights on Halloumi Cheese Market
In the latest study, Fact.MR offers a detailed study on global
halloumi cheese market for the forecast period of 2022 to 2032.
This study also highlights key drivers promoting the sales of
halloumi cheese through detailed segmentation as follows:
By Nature:
By Flavor:
- Plain
- Flavored
- Mint
- Chili
- Others
By Product Form:
By End Use:
- B2B
- Food Service
- Industrial
- B2C
By Distribution Channel:
- Direct Sales
- Hypermarkets /Supermarkets
- Convenience Stores
- Discount Stores
- Dairy Stores
- Online Retail
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
Key Questions Covered in the Halloumi Cheese Market
Report
- What is the projected value of the halloumi cheese market in
2020?
- At what rate will the global halloumi cheese market grow until
2030?
- Which are the factors hampering the growth in the halloumi
cheese market?
- Which region is expected to lead in the global halloumi cheese
market during 2020-2030?
- Which are the factors driving halloumi cheese market during the
forecast period?
- What is the expected market value of the halloumi cheese market
during the forecast period?
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