Halloumi Cheese Market: global industry analysis and forecast (2024-2030)

  • The Halloumi Cheese Market size was valued at USD 671.40 Mn. in 2023 and the total Halloumi Cheese Market size is expected to grow at a CAGR of 11.39% from 2024 to 2030, reaching nearly USD 1428.58 Mn. by 2030.

  • Format : PDF | Report ID : SMR_1880

Halloumi Cheese Market Overview  

The global halloumi cheese market is experiencing growth because of factors such as the fast-food industry's demand for protein-rich products, packaging innovation, and the increasing incidence of bone-related diseases like osteoporosis. This growth is expected to strengthen the market during the forecast period 2024 to 2030. The global food sector is also experiencing significant demand for protein-rich dairy products like milk, butter, cheese, and yogurt, as consumers seek to secure their health and prevent the onset of these diseases. As a result, the global halloumi cheese market is expected to grow significantly.

 

Halloumi cheese, a popular vegetarian meat substitute, is gaining popularity because of its high protein content and nutritional benefits. Despite being a staple in Western countries like the UK, its popularity is increasing in developing countries. The rise of multinational chains, convenience stores, and supermarkets is raising awareness about cheese's benefits. E-commerce platforms and food delivery platforms are also driving market growth. The globalization of food is increasing demand for exotic cuisines like Mediterranean foods, which are often made with halloumi cheese. This globalization is driving the cheese market growth.

Halloumi Cheese Market

 

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Halloumi Cheese Market Dynamics

The halloumi cheese market is experiencing a surge in popularity because of the growing demand for plant-based alternatives. Manufacturers are experimenting with ingredients like tofu or nut blends to create plant-based alternatives, catering to the growing vegan and vegetarian lifestyles. This trend is driving the market CAGR. Also, producers are experimenting with herbs, spices, and seasoning blends to create unique varieties of halloumi, catering to evolving consumer palates and enhancing its versatility in culinary applications.

 

The market is also focusing on sustainable and artisanal production methods, with consumers showing a growing interest in locally sourced, handcrafted cheeses. This trend aligns with the broader movement towards sustainable and ethically produced foods, highlighting traditional production techniques, regional flavors, and environmental responsibility. This trend provides consumers seeking authenticity and a connection to the origin of their food.

 

Halloumi is a unique cheese from Cyprus, made from cow, goat, and sheep milk. It is semi-hard, unripened, and salty, and is produced by coagulating milk with rennet without using dairy cultures. Cyprus' geographical position made it a major trading route in the past. The finished product has a maximum sodium chloride content of 3%, a minimum fat-in-dry matter level of 43%, and a maximum moisture content of 46%. Most products meet these requirements, fueling market growth. Halloumi cheese has a high melting point and high pH, making it easily fried or grilled in various dishes.

 

When heated, the texture is similar to raw, but the stretch and melt characteristics are significantly modified. The fresh halloumi has a unique aroma, elastic texture, no holes, and is easy to slice. The market for Halloumi cheese products is perceived as a substitute for vial meat for the global vegetarian population. The increasing number of food service outlets and industry adoption further drive the market growth.

Halloumi Cheese Market1

Halloumi Cheese Market Restraints

The lack of popularity of halloumi cheese provides difficulties to the market.

The popularity of low-fat cheese is lower than that of regular cheese. Texture and flavor are important factors in the cheese business. Customers are thus more concerned with the cheese's flavor and texture. However, taste and texture changes qualify as a market restriction. Also, halloumi should not be consumed by anyone on a vegan or dairy-free diet. Also, as certain varieties of vegetarian food use rennet derived from animals, vegetarians should carefully review the ingredient list. This stuff, which is produced in the stomachs of ruminant animals like cows, sheep, and goats, is indigestible to vegetarians. Therefore, the market of halloumi cheese is growing more slowly as a result of all these issues.

 

Opportunity for health-conscious consumers demanding more flavor in their food, halloumi cheese which is well-known for its capacity to cut LDL cholesterol levels is growing in popularity as a topping for salads, hotdogs, sandwiches, and pizza. To satisfy these desires, producers are creating cheddar, mozzarella, and provolone styles. As consumers demanded clear labeling and openness in food and beverages, organic food and beverages came into being.

 

There are prospects for growth in the food and beverage industry because organic food is now readily available in pre-packaged form, reducing health issues. Both cheeses have their unique benefits and challenges. Producers of halloumi are able to profit from its distinct flavor profile and many culinary uses. Food processing and packaging innovations are improving convenience and shelf life. Working together with chefs, food bloggers, and influencers helps Halloumi become more well-known and increase its market.

 

Halloumi Cheese Market Segment Analysis

Based on Type, the halloumi cheese market is segmented into flavored and unflavored products. Unflavored halloumi cheese is the most popular type of cheese because it is the original and traditional version of this well-known cheese. Unflavored halloumi is preferred by customers looking for an authentic halloumi experience because of its unique flavor and adaptability in a variety of culinary applications. When both varieties are present in the market, flavored halloumi is the category with the quickest rate of growth. The market for this unique and flexible cheese is growing as a result of consumers' growing desire for novel and varied flavor sensations, which has increased demand for halloumi cheese infused with different flavors.

Halloumi Cheese Market2

Nature, Organic, and Conventional are included in the market segmentation of halloumi cheese depending on nature. Conventional halloumi cheese is the dominant category, with a substantial market share owing to its broad availability and well-established production methods. Because it is more easily found in the market and conforms to traditional dairy preferences, consumers frequently choose regular halloumi. In the meantime, organic halloumi cheese is the category with the quickest rate of growth, thanks to rising consumer demand for food items sourced responsibly and organically. The increasing demand for organic halloumi among environmentally conscious consumers is able to be attributed to the growing awareness of health and environmental issues.

 

Halloumi Cheese Market Regional Analysis

Europe has been the largest shareholder in the halloumi cheese market, expected to grow at a CAGR of X.X% during the forecast period 2024 to 2030. The market is dominated by Germany, the United Kingdom, France, Italy, Spain, Cyprus, and other European countries. Europe is considered the world's most mature market of consumer products and food and beverages, with an increase in R&D expenditures fueling the expansion of the halloumi cheese industry. The rising use of halloumi cheese in everyday dishes has increased demand, particularly in the European market. The popularity of Mediterranean cuisine, including halloumi-centric dishes, has also boosted demand. The Germany market holds the largest market share, while the UK market is the fastest-growing in the European region.

Halloumi Cheese Market3

Halloumi Cheese Market's competitive landscape

The global halloumi cheese market is characterized by intense competition among key players, including established dairy companies, regional manufacturers, and private-label brands. Factors influencing competition include product quality, pricing strategies, distribution networks, and marketing initiatives. Consumer preferences for healthier and organic options and sustainability concerns also shape the market. Companies must continuously innovate and diversify their products to gain a competitive edge. Market dynamics have evolved since the last update.

 

  • In 2023, a new page was opened for the company with the launch of the new Fresh Cypriot Milk Alambra Line. The Company’s long-term goal is the continuous development and evolution of offering quality pure products to the consumer. ALAMBRA Fresh Milk was embraced from its first day launch by the consumers and we are grateful for the trust in our brand. ALAMBRA Fresh Milk stands out for its innovative square packaging, its consistently high quality, and its rich range of products.

 

  • Halloumi represents approximately 20% of Cyprus’ total exports! Specifically, in the first quarter of 2023, its exports amounted to 111.8 million euros.

 

  • July 20, 2023, Limited Time Offer with code PROMOJUNE to receive our promotional prices Pathos is one of the leading suppliers of PDO Cheeses from Cyprus and Greece.

Halloumi Cheese Market scope

Market size in 2023

USD 671.40 Mn.

Market size in 2030

USD 1428.58 Mn.

CAGR (2024-2030)

11.39%

Historic data

2018-2022

Base year

2023

Forecast period

2024-2030

Segment scope

By Type

Flavored

Unflavored

By Nature

Organic

Conventional

By Product Form

Slices

Blocks

By Distribution channel

Direct Sales

Hypermarkets/Supermarkets

Convenience Stores

Discount Stores

Dairy Stores

Online Retail

Others

Regional scope

North America- United States, Canada, And Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, And Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, Asean, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of The Middle East And Africa

South America – Brazil, Argentina, Rest Of South America

 

Key player in the Halloumi Cheese Market               

  1. Almarai Company - Saudi Arabia
  2. Dafni Dairy - Greece
  3. Hadjipieris - Cyprus
  4. Lefkonitziatis - Cyprus
  5. Papouis Dairies - Cyprus
  6. Petrou Bros Dairy Products Ltd - Cyprus
  7. High Weald Dairy Ltd - United Kingdom
  8. Zita Dairies Ltd - Cyprus
  9. Lactosan - Denmark.
  10. Uhrenholt A/S - Denmark
  11. Lemnos Foods - Australia
  12. Olympus Cheese - Greece
  13. Yamas Dairy – Cyprus
  14. Eleftheria Cheese - Cyprus
  15. Cabot Creamery - United States
  16. Forsan Foods - United Arab Emirates
  17. Halloumicheese.eu - Cyprus
  18. Pathosfoods.com - Cyprus
  19. Floridia Cheese - United States
  20. Kouroushis - Cyprus
  21. XX.inc


Frequently Asked Questions

The report covers aspects related to employees in the Halloumi Cheese Market, including workforce size, skill requirements, labor trends, and employment practices. Understanding the workforce dynamics is crucial for businesses to optimize operations and productivity.

1.    Halloumi Cheese Market: Research Methodology 
2.    Halloumi Cheese Market: Executive Summary
3.    Halloumi Cheese Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Import and export of Halloumi Cheese Market
5.    Halloumi Cheese Market: Dynamics
5.1. Market Driver 
5.1.1.    Increasing Consumer Awareness
5.1.2.    Innovation in Product Offerings

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Halloumi Cheese Market Size and Forecast by Segments (by value Units)
6.1. Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
6.1.1.    Flavored
6.1.2.    Unflavored

6.2. Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
6.2.1.    Organic
6.2.2.    Conventional

6.3. Halloumi Cheese Market Size and Forecast, by Product Form (2023-2030)
6.3.1.    Slices
6.3.2.    Blocks

6.4. Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
6.4.1.    Direct Sales
6.4.2.    Hypermarkets/Supermarkets
6.4.3.    Convenience Stores
6.4.4.    Discount Stores
6.4.5.    Dairy Stores
6.4.6.    Online Retail
6.4.7.    Others

6.5. Halloumi Cheese Market Size and Forecast, by Region (2023-2030)
6.5.1.    North America
6.5.2.    Europe
6.5.3.    Asia Pacific
6.5.4.    Middle East and Africa
6.5.5.    South America

7.    North America Halloumi Cheese Market Size and Forecast (by value Units)
7.1. North America Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
7.1.1.    Flavored
7.1.2.    Unflavored

7.2. North America Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
7.2.1.    Organic
7.2.2.    Conventional

7.3. North America Halloumi Cheese Market Size and Forecast, by Product Form (2023-2030)
7.3.1.    Slices
7.3.2.    Blocks

7.4. North America Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
7.4.1.    Direct Sales
7.4.2.    Hypermarkets/Supermarkets
7.4.3.    Convenience Stores
7.4.4.    Discount Stores
7.4.5.    Dairy Stores
7.4.6.    Online Retail
7.4.7.    Others

7.5. North America Halloumi Cheese Market Size and Forecast, by Country (2023-2030)
7.5.1.    United States
7.5.2.    Canada
7.5.3.    Mexico

8.    Europe Halloumi Cheese Market Size and Forecast (by Value Units)
8.1. Europe Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
8.1.1.    Flavored
8.1.2.    Unflavored

8.2. Europe Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
8.2.1.    Organic
8.2.2.    Conventional

8.3. Europe Halloumi Cheese Market Size and Forecast, by Product Form  (2023-2030)
8.3.1.    Slices
8.3.2.    Blocks

8.4. Europe Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
8.4.1.    Direct Sales
8.4.2.    Hypermarkets/Supermarkets
8.4.3.    Convenience Stores
8.4.4.    Discount Stores
8.4.5.    Dairy Stores
8.4.6.    Online Retail
8.4.7.    Others

8.5. Europe Halloumi Cheese Market Size and Forecast, by Country (2023-2030)
8.5.1.    UK
8.5.2.    France
8.5.3.    Germany
8.5.4.    Italy
8.5.5.    Spain
8.5.6.    Sweden
8.5.7.    Austria
8.5.8.    Rest of Europe

9.    Asia Pacific Halloumi Cheese Market Size and Forecast (by Value Units)
9.1. Asia Pacific Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
9.1.1.    Flavored
9.1.2.    Unflavored

9.2. Asia Pacific Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
9.2.1.    Organic
9.2.2.    Conventional

9.3. Asia Pacific Halloumi Cheese Market Size and Forecast, by Product Form (2023-2030)
9.3.1.    Slices
9.3.2.    Blocks

9.4. Asia Pacific Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
9.4.1.    Direct Sales
9.4.2.    Hypermarkets/Supermarkets
9.4.3.    Convenience Stores
9.4.4.    Discount Stores
9.4.5.    Dairy Stores
9.4.6.    Online Retail
9.4.7.    Others

9.5. Asia Pacific Halloumi Cheese Market Size and Forecast, by Country (2023-2030)
9.5.1.    China
9.5.2.    S Korea
9.5.3.    Japan
9.5.4.    India
9.5.5.    Australia
9.5.6.    Indonesia 
9.5.7.    Malaysia
9.5.8.    Vietnam
9.5.9.    Taiwan
9.5.10.    Bangladesh 
9.5.11.    Pakistan
9.5.12.    Rest of Asia Pacific

10.    Middle East and Africa Halloumi Cheese Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
10.1.1.    Flavored
10.1.2.    Unflavored

10.2. Middle East and Africa Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
10.2.1.    Organic
10.2.2.    Conventional

10.3. Middle East and Africa Halloumi Cheese Market Size and Forecast, by Product Form (2023-2030)
10.3.1.    Slices
10.3.2.    Blocks

10.4. Middle East and Africa Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
10.4.1.    Direct Sales
10.4.2.    Hypermarkets/Supermarkets
10.4.3.    Convenience Stores
10.4.4.    Discount Stores
10.4.5.    Dairy Stores
10.4.6.    Online Retail
10.4.7.    Others

10.5. Middle East and Africa Halloumi Cheese Market Size and Forecast, by Country (2023-2030)
10.5.1.    South Africa
10.5.2.    GCC
10.5.3.    Egypt
10.5.4.    Nigeria
10.5.5.    Rest of ME&A

11.    South America Halloumi Cheese Market Size and Forecast (by Value Units)
11.1. South America Halloumi Cheese Market Size and Forecast, by Type (2023-2030)
11.1.1.    Flavored
11.1.2.    Unflavored

11.2. South America Halloumi Cheese Market Size and Forecast, by Nature (2023-2030)
11.2.1.    Organic
11.2.2.    Conventional

11.3. South America Halloumi Cheese Market Size and Forecast, by Product Form (2023-2030)
11.3.1.    Slices
11.3.2.    Blocks

11.4. South America Halloumi Cheese Market Size and Forecast, by Distribution channel (2023-2030)
11.4.1.    Direct Sales
11.4.2.    Hypermarkets/Supermarkets
11.4.3.    Convenience Stores
11.4.4.    Discount Stores
11.4.5.    Dairy Stores
11.4.6.    Online Retail
11.4.7.    Others

11.5. South America Halloumi Cheese Market Size and Forecast, by Country (2023-2030)
11.5.1.    Brazil
11.5.2.    Argentina
11.5.3.    Rest of South America

12.    Company Profile: Key players
12.1.  Almarai Company 
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Dafni Dairy
12.3. Hadjipieris
12.4. Lefkonitziatis
12.5. Papouis Dairies
12.6. Petrou Bros Dairy Products Ltd 
12.7. High Weald Dairy Ltd 
12.8. Zita Dairies Ltd
12.9. Lactosan
12.10. Uhrenholt A/S 
12.11. Lemnos Foods 
12.12. Olympus Cheese 
12.13. Yamas Dairy 
12.14. Eleftheria Cheese
12.15. Cabot Creamery
12.16. Forsan Foods
12.17. Halloumicheese.eu
12.18. Pathosfoods.com
12.19. Floridia Cheese
12.20. Kouroushis
12.21. XX.inc
13.    Key Findings
14.    Industry Recommendation

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