Global Halloumi Cheese Market Report and Forecast 2024-2032

Global Halloumi Cheese Market Outlook

The global halloumi cheese market attained a value of more than USD 555.20 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 10.5% to reach over USD 1,363.59 million by 2032.

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Use of Halloumi Cheese as Meat Substitutes Aiding the Growth of the Halloumi Cheese Industry

Halloumi cheese is an excellent source of protein, in calcium, vitamin A, calcium, and zinc, among others, due to which it is extensively consumed by the vegetarian population as a meat substitute. Hence, the presence of many nutritional components is increasing its demand and propelling the market growth. Although halloumi cheese has been a part of the staple diet in western countries like the United Kingdom, its popularity is significantly increasing in many developing countries. Moreover, the penetration of multinational chains and the emergence of convenience stores and supermarkets are further raising awareness regarding the benefits of halloumi cheese, hence propelling the industry growth. The surge of e-commerce platforms and food delivery platforms is also fuelling the market growth. The globalisation of food is increasing the demand for exotic cuisines like Mediterranean foods in which halloumi cheese is used widely. This is providing further impetus to the market growth.

Halloumi Cheese: Market Segmentation

Halloumi cheese is a semi-hard, unripe, and brined cheese that is made from cow, sheep, or goat’s milk. It is originated from Cyrus and has a salty flavour. It has a high melting point, due to which it is suitable for grilling and frying.

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Based on nature, the market is divided into:

• Organic
• Conventional

The major types of halloumi cheese are:

• Flavoured
• Unflavoured

The market can be broadly categorised on the basis of its end use segments into:

• Food Service
• Retail

The EMR report looks into the regional markets of halloumi cheese like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Surging Demand for Cheese in Snacking to Bolster the Market Growth for Halloumi Cheese

The trend of snacking is propelling the market growth for halloumi cheese. The rising demand for healthy and delicious snacking options is leading to the incorporation of halloumi cheese in various snacks and processed foods, therefore aiding the industry growth. Moreover, innovations are increasing the demand for cheese-flavoured ready-to-eat products, which can provide delicious taste along with nutritional benefits, such as vitamins, protein, and minerals. In addition, the evolving dietary choices and preferences are increasing the demand for flavoured halloumi cheese amalgamated with diverse flavours like onion, garlic, and truffles. This is expected to aid the market growth.

Also, the development of vegan halloumi cheese made with plant-based ingredients owing to surging health and environmental consciousness among consumers is anticipated to fuel the market growth. The trend of home-cooked meals has increased significantly among the working population owing to the coronavirus outbreak and its consequent stay-at-home orders and rising concerns regarding sanitisation. This is increasing the demand for halloumi cheese, which is extensively used in various foods like sandwiches, hence augmenting the market growth. Moreover, innovative packaging by the major companies to enhance the appeal of the cheese among health-conscious consumers is further accelerating the growth of the halloumi cheese industry.

Key Industry Players in the Global Halloumi Cheese Market

The report presents a detailed analysis of the following key players in the global halloumi cheese market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Almarai Company 
• Arla Foods amba 
• Nordex Food A/S 
• Petrou Bros Dairy Products Ltd. 
• Lefkonitziatis Dairy Products Ltd 
• Galaktokomio A.D.S Dafni Ltd 
• Zita Dairies Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report