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Global Halloumi Cheese Market to Reach US$ 954.4 Million by 2027, Propelled by the Exponential Growth in the Food and Beverage (F&B) Industry

Published on Oct 05, 2022

The latest report by IMARC, titled “Halloumi Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global halloumi cheese market size reached US$ 401.9 Million in 2021. Halloumi cheese refers to Cypriot cheese produced from goat and sheep milk or a mixture of the two on the Eastern Mediterranean Island of Cyprus. It is white and layered, similar to mozzarella. It is a brined, unripened, and semi-hard cheese, with a spongy texture. Halloumi cheese is tangy and salty in flavor, with no rind. Occasionally, cow milk is also used for the production of halloumi cheese. It is majorly used as a grilling cheese, as it maintains shape when heated and grilled. It is a rich source of zinc, calcium, protein, fat, magnesium, and vitamins A and B. It is stored in salted water or tightly wrapped in parchment, wax paper or cheese wrap. In recent years, halloumi cheese has gained momentum as it is available in numerous flavored variants, such as basil, chili, and mint.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will further be integrated into the report.

Global Halloumi Cheese Market Trends:

One of the primary factors driving the market is the exponential growth in the food and beverage (F&B) industry globally. Additionally, cafes and restaurants are introducing various combinations and flavors of halloumi cheese to expand their product base. Other than this, the growth in the travel industry is leading to an increasing consumer inclination toward cross-cultural cuisines, thereby creating a positive market outlook. Besides this, the adoption of halloumi cheese as an alternative to meat is propelling the market growth. Furthermore, key players are adopting numerous innovative packaging technologies to maintain the quality of the product and increase its shelf-life. Other growth-inducing factors include the launch of halloumi cheese in exotic and novel flavors, increasing endorsements on social media platforms, and the increasing preference for premium and luxury food products. Looking forward, IMARC Group expects the market value to reach US$ 954.4 Million by 2027, expanding at a CAGR of 15.06% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been bifurcated into flavored and unflavored.
  • On the basis of the end use, the market has been divided into food service and residential.
  • Based on the nature, the market has been segmented into organic and conventional.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being Almarai, Arla Foods amba, GALAKTOKOMIO A.D.S DAFNI LTD, Hadjipieris Ltd, Lefkonitziatis, NORDEX FOOD A/S, Petrou Bros Dairy Products Ltd, Sussex High Weald Dairy Ltd, WAIMATA CHEESE COMPANY and Zita Dairies Ltd.
     

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