Halloumi Cheese Market to Reach $737 Million by 2027

Driven by rising cross-cultural interactions and demand for premium products, market to grow at 10% CAGR.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 26, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Halloumi Cheese Market by Type, End Use, and Nature: Opportunity Analysis and Industry Forecast, 2021–2027,” the global 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.

📍𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.alliedmarketresearch.com/request-sample/8779

The halloumi cheese market has experienced significant growth, with the unflavored segment being the primary contributor, anticipated to continue growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Europe has been a dominant player in the global market since 2019, with expectations to maintain its leading position in the future.

Several factors contribute to the growth of the halloumi cheese market. One key factor is the increasing cross-cultural interactions facilitated by the accessibility of cross-country travel. This trend has expanded the consumer base for halloumi cheese. Additionally, the rising culture of dining out has further boosted market demand. Halloumi cheese's unique characteristic of remaining firm even after grilling makes it a popular meat replacement among vegetarians globally, adding to its appeal. Moreover, the proliferation of food service outlets and their adoption of halloumi cheese products have also fueled market growth.

However, certain challenges hinder the market's potential. Ingredient adulteration poses a significant threat, potentially undermining consumer trust and confidence in the product. Furthermore, cheese, including halloumi, is often associated with high levels of fat and salt, deterring health-conscious consumers and limiting market expansion. Nevertheless, the rise in disposable income and the growing prevalence of fast-food culture present promising opportunities for market growth.

The halloumi cheese market is segmented based on type, end use, nature, and region. Types include flavored and unflavored halloumi cheese, while end-use categories comprise food service and residential consumption. Nature segmentation distinguishes between organic and conventional halloumi cheese products. Geographically, the market spans North America, Europe, Asia-Pacific, and LAMEA regions, with each region offering distinct market dynamics and opportunities for halloumi cheese producers and vendors.

💡𝐓𝐲𝐩𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭:

- The unflavored segment dominated the market in 2019, primarily due to its preference over flavored variants in fast food and by consumers.

- Unflavored halloumi cheese is expected to continue leading, while the flavored segment may witness only modest growth during the forecast period.

💡𝐄𝐧𝐝-𝐔𝐬𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭:

- The food service segment generated the highest revenue in 2019, driven by the proliferation of fast-food restaurants and the increasing dependence of consumers on fast food for nutrition.

- The residential segment is expected to experience modest growth, attributed to the rising interest of consumers in cooking homemade dishes and cuisines.

💡𝐍𝐚𝐭𝐮𝐫𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭:

- Conventional halloumi cheese accounted for the majority of revenue in 2019, primarily due to its lower price and higher availability in the market.

- The organic segment is forecasted to witness higher growth rates during the forecast period, driven by its perception as a healthier option.

📍𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/8779

💡𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

- Europe emerged as the largest market in 2019, capturing nearly half of the global share in revenue generation.
- The UK and Cyprus are expected to maintain their dominant positions and exhibit notable growth rates throughout the forecast period.

💡𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐚𝐧𝐝 𝐋𝐀𝐌𝐄𝐀

- These regions are projected to experience the highest growth rates, attributed to increased cross-cultural interaction facilitated by travel.
- Asia-Pacific and LAMEA are anticipated to witness significant expansion from 2021 to 2027.

📍𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

- 𝗧𝘆𝗽𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁: The unflavored segment is expected to witness the highest growth rate during the forecast period.

- 𝗘𝗻𝗱-𝗨𝘀𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁: The food service segment is projected to dominate the market from 2021 to 2027, indicating sustained demand from the food service industry.

- 𝗡𝗮𝘁𝘂𝗿𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁: The organic segment is forecasted to grow at a significant Compound Annual Growth Rate (CAGR) during the forecast period, reflecting the increasing consumer preference for healthier options.

- 𝗖𝘆𝗽𝗿𝘂𝘀: Cyprus was the largest country in terms of revenue generation for halloumi cheese in 2019, underscoring its significance in the market landscape.

📍𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐡𝐚𝐥𝐥𝐨𝐮𝐦𝐢 𝐜𝐡𝐞𝐞𝐬𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

⦁ 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
⦁ Lefkonitziatis Dairy Products

📍𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 https://www.alliedmarketresearch.com/checkout-final/67ee2e8a034339fe21802ce1e3beb15a

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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" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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