Global Halloumi Cheese Market – Industry Trends and Forecast to 2029

Halloumi Cheese Market Analysis and Size

Cheese has grown in popularity in urban households as well as the global food processing industry. In the last decade or so, halloumi cheese has emerged as the most promising market worldwide. In contrast to bovine cheese, which is difficult to digest and high in cholesterol and fat, halloumi cheese is easy to digest and low in calories. Furthermore, halloumi cheese contains more vitamins, specifically vitamins A, B1, B2, and B3, as well as calcium and phosphorus.

Data Bridge Market Research analyses that the halloumi cheese market which was valued at USD 401.9 million in 2021 is expected to reach the value of USD 924.86 million by 2029, at a CAGR of 10.98% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Halloumi Cheese Market Scope and Segmentation

Market Definition

Halloumi cheese is a dairy product made from pasteurized or unpasteurized cow, goat, or sheep milk. It has a semi-hard, brined, slightly spongy texture and a tangy, salty, and savoury flavour. Cheese is high in fat, protein, calcium, zinc, magnesium, and vitamins A and B. It can be eaten raw, grilled, or fried and is commonly used as a topping on salads, sandwiches, barbeques, fried, and burgers.

Global Halloumi Cheese Market Dynamics

Drivers:

• Increasing health awareness among the population

Increasing public awareness of the health benefits of halloumi cheese, such as its high calcium and protein content, is one factor driving market growth. Obesity and cholesterol problems are becoming more common around the world as eating habits change. Consumers' health consciousness is increasing demand for and consumption of halloumi cheese. Halloumi cheese has emerged as a significant bovine cheese substitute and is expected to grow rapidly during the forecast period. Furthermore, technological advancements in cheese production and rising quality halloumi breeds are among the factors driving the market.

• Increased demand for ready-to-eat food products

Increased demand for ready-to-eat food products such as noodles, soups, sauces, pizza, pasta, and other products used as a culinary cheese by large catering establishments and industrial canteens, rising health problems due to increased demand for canned and frozen food products, and rising disposable income among individuals are some of the factors driving the halloumi cheese market's growth.

Opportunities

• Development of varieties in product

Halloumi cheese is well-known for its ability to lower LDL cholesterol levels, which have been linked to an increased risk of cardiovascular disease. Manufacturers are currently focused on developing halloumi cheese in varieties such as provolone, mozzarella, and cheddar to meet the demands of health-conscious consumers who do not want to give up flavour. As a result, halloumi cheese is becoming increasingly popular in salads, hotdogs, sandwiches, and pizzas, providing the market with a lucrative growth opportunity.

Restraints

• Lack of awareness

Due to a lack of awareness of halloumi cheese, the market faces a challenge. Low-fat cheese is not as well-known as regular cheese. The cheese industry is heavily reliant on flavour and texture. People are more concerned with the texture and flavour of the cheese. On the other hand, changes in taste and texture are a market restraint.

This halloumi cheese market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the halloumi cheese market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Halloumi Cheese Market

The Covid-19 outbreak, combined with the growing popularity of halloumi cheese, has resulted in severe stock shortages around the world. Buyers everywhere are attempting to obtain the popular squeaky barbecue cheese. Because of the outbreak, the UK, previously the leading importer of Halloumi cheese, has suspended 70% of its incoming trade. Due to a lack of raw milk for the production process, Cypriot producers of halloumi cheese have been unable to meet the ever-increasing demand, making halloumi cheese extremely scarce.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Halloumi Cheese Market Scope

The halloumi cheese market is segmented on the basis of nature, flavor, product form, end use, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

• Organic
• Conventional

Flavour

• Plain
• Flavoured

Product Form

• Slices
• Blocks

Distribution channel

• Direct Sales
• Hypermarkets/Supermarkets
• Convenience Stores
• Discount Stores
• Dairy Stores
• Online Retail
• Others

End Use

• B2B
• B2C
• Food services
• Industrial

Halloumi Cheese Market Regional Analysis/Insights

The halloumi cheese market is analyzed and market size insights and trends are provided by country, nature, flavor, product form, end use, and distribution channel as referenced above.

The countries covered in the halloumi cheese market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America accounted for a sizable market share, with the United States dominating revenue contribution across the region. Every year, a large number of European tourists visit North America. The high demand for halloumi cheese among these tourists is expected to drive growth. Commercial applications such as restaurants and fast-food joints in North America have also increased demand for halloumi cheese.

Asia-Pacific market is expected to grow at the fastest rate, with China accounting for the majority of revenue. Rising disposable income and aggressive advertising campaigns by the leading halloumi cheese manufacturer have resulted in regional market expansion.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Halloumi Cheese Market Share Analysis

The halloumi cheese market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to halloumi cheese market.

Some of the major players operating in the halloumi cheese market are:

• Danone S.A. (France)
• GCMMF (India)
• Nestlé S.A. (Switzerland)
• Land O' Lakes, Inc. (U.S.)
• Kerry (Ireland)
• The Kraft Heinz Company (U.S.)
• ADM (U.S.)
• Lactosan A/S (Denmark)
• anegrade Limited (U.K.)
• DairiConcepts, L.P (U.S.)
• Petrou Bros Dairy Products (Cyprus)
• Akgöl Ltd (Cyprus)
• GRILLIES, INC. (U.S.)
• Routhier Mediterranean Products GmbH (Germany)
• N.TH. Kouroushis LTD. (Cyprus)
• Lemnos Foods (Australia)
• Farm Land General Trading Co., W.L.L. (Kuwait)

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