Halloumi cheese market size was valued at $421.2 million in 2019, and is projected to reach $737.0 million by 2027, registering a CAGR of 10.0% from 2021 to 2027. The un-flavored segment was the highest contributor to the market, and is estimated to grow at a CAGR of 9.8% during the forecast period. Europe held a leading position in the global market in 2019, and is expected to maintain its dominance in the future.
Top Key Players:-
The key players in the halloumi cheese industry profiled in the report are Petrou Bros Dairy Products Ltd., Zita Dairies ltd., Hadjipieris Ltd., Galaktokomio A.D.S Dafni ltd., Arla foods, Almarai, Nordex Foods A/S, CowBoy Farm ltd., Sussex High Weald Dairy, and Lefkonitziatis Dairy Products.
𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝘄𝗶𝘁𝗵 𝗙𝘂𝗹𝗹 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 @ https://www.alliedmarketresearch.com/request-sample/8779
𝗥𝗲𝗴𝗶𝗼𝗻 𝘄𝗶𝘀𝗲, 𝗘𝘂𝗿𝗼𝗽𝗲 𝘄𝗮𝘀 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗶𝗻 𝘁𝗲𝗿𝗺𝘀 𝗼𝗳 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻, 𝘄𝗶𝘁𝗵 𝗮𝗹𝗺𝗼𝘀𝘁 𝗵𝗮𝗹𝗳 𝗼𝗳 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝘀𝗵𝗮𝗿𝗲 𝗶𝗻 𝟮𝟬𝟭𝟵. 𝗨𝗞 𝗮𝗻𝗱 𝗖𝘆𝗽𝗿𝘂𝘀 𝗮𝗿𝗲 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗮𝘁 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲 𝘄𝗵𝗶𝗹𝗲 𝗱𝗼𝗺𝗶𝗻𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝘀𝗵𝗮𝗿𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗽𝗲𝗿𝗶𝗼𝗱. 𝗢𝗻 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗿𝗮𝗿𝘆, 𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝗮𝗻𝗱 𝗟𝗔𝗠𝗘𝗔 𝗮𝗿𝗲 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗴𝗮𝗿𝗻𝗲𝗿 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲.
The growth of the halloumi cheese market can be attributed to growing cross-cultural interaction due to increased accessibility of cross-country travel. Moreover, the growing culture of dining out has further benefitted the market. Halloumi cheese is also considered a vial meat replacement for vegetarian cohort of the global population as it remains hard even after grilling. Furthermore, rise in the number of food service outlets and growing adoption of halloumi cheese in such outlets further drive the market growth.
However, ingredient adulteration act as the major restraint for the global halloumi cheese market. In addition, cheese in general is not considered very health and often the health-conscious population avoid cheese due to high concentration of fat and salt, which also hinders the market growth. On the contrary, rise in disposable income of people and growth in fast food culture is expected to provide opportunities for the halloumi cheese market growth.
The halloumi cheese market is segmented into type, end use, nature, and region. By type, the market is segmented into flavored and unflavored. On the basis of end use, the market is classified into food service and residential. Based on nature, it is divided into organic and conventional. Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (Germany, the UK, France, Italy, Spain, Cyprus, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East and Africa).
Based on halloumi cheese market forecast by type, the unflavored segment was the highest revenue-generating segment, accounting for a major share in 2019. The growth in this segment can be attributed to it being preferred more over flavored in fast food and by consumers. The flavored segment on the other hand is expected to witness modest growth rate during the forecast period
Key Findings Of The Study
On the basis of type, the unflavored segment is projected to witness the growth rate, during the forecast period.
On the basis of end use, the food service segment is expected to dominate the market from 2021 to 2027.
The organic segment is expected to grow at a significant CAGR during the forecast period.
Cyprus was the largest country, in terms of revenue generation for halloumi cheese in 2019.
LAMEA and Asia-Pacific are anticipated to witness high growth rate, from 2021 to 2027.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports”