Halloumi Cheese Market Segments, Dynamics, Size, Supply & Demand, Current Trends and Forecast 2027

Frozen Food Market Dairy Protein Market Food Halloumi Service Equipment Cheese Market Market No. of Pages- 202

Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis and Industry Forecast, and Industry Forecast, and Industry Forecast, and Industry Forecast, and Forecast, andIndustry Industry Forecast, 2019-2026 2020-2027 2020-2027 2019-2026 2021-2027 2020-2027 Download Report Sample

Halloumi Cheese Market

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. 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.

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Halloumi Cheese Market

Rise in disposable income, preference for premium products, and increase in demand from the fast-food sector have boosted the growth of the global halloumi cheese market. However, lack of awareness regarding halloumi cheese hampers the market growth. On the contrary, drastic changes in traditional consumer eating patternsis expected to open lucrative opportunities for the market players in the future.

Covid-19 scenario: •The Covid-19 outbreak caused economic devastation in the dairy market. Moreover, the prolonged lockdown resulted in disruption of the supply chain and decrease in demand for halloumi cheese.

•The average milk intake declined during the pandemic due to closure of hotels, convenience stores, and restaurants.

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Halloumi Cheese Market

By type, the unflavored segment held the largest share in 2019, accounting for nearly 90% of the global halloumi cheese market, owing torise in demand of unflavored halloumi cheese in fast food outlets, quick service restaurants (QSR), and full-service restaurants.However, the flavored segment is projected to register the highest CAGR of 11.5% during the forecast period, due toincrease in demand for halloumi cheese in the retail market by consumers and rise in affinity of people with flavored cheese.

The food service segment to manifest the highest CAGR by 2027 By end use, the food service segment is expected to portray the highest CAGR of 10.2% from 2021 to 2027.

Moreover, the segment held the largest share in 2019, contributing to more than three-fifths of the global halloumi cheese market, due to rise in the number of fast-food restaurants and rise in dependence of consumers all around the world on prepared food from food outlets. The report includes an in-depth analysis of the residential segment.

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Halloumi Cheese Market

Based on nature, the conventional segment was the highest revenue-generating segment, accounting for a major share in 2019. The growth in this segment can be attributed to lower price and higher availability in the marketplace. The organic segment on the other hand is expected to witness higher growth rate during the forecast period owing to being healthier.

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 in these regions can be attributed to increase in cross cultural interaction due to travel.

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Halloumi Cheese Market

Major market players •PETROU BROS DAIRY PRODUCTS LTD. •Akgöl Dairy •Food and Packing Industries Ltd. •GALAKTOKOMIO A.D.S DAFNI LTD. •Grillies •Routhier Weber GmbH •N.TH. Kouroushis LTD. •WAIMATA CHEESE COMPANY •Lemnos Foods •FarmLand General Trading Co. •W.L.L. •Almarai

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Halloumi Cheese Market

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.

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Halloumi Cheese Market

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