USD 401.9 million
Halloumi Cheese Market Size, Share, Growth Analysis, By Type(Traditional and organic Halloumi), By Distribution channel(Supermarkets, specialty stores, online retailers, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2132 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Halloumi Cheese Market Insights
Halloumi Cheese Market size was valued at USD 401.9 million in 2021 and is poised to grow from USD 495 million in 2023 to USD 1026.41 million by 2030, at a CAGR of 10.98% during the forecast period (2023-2030).
The global halloumi cheese market witnessed steady growth due to its rising popularity among consumers worldwide.
Halloumi's unique texture and versatility made it a sought-after option in various cuisines and dishes.
Factors such as increased awareness of Mediterranean cuisine, changing dietary preferences, and the growing demand for vegetarian and protein-rich products contributed to its market expansion.
Additionally, its longer shelf life and suitability for grilling and frying boosted its appeal.
Manufacturers and suppliers focused on expanding their distribution networks to cater to the rising demand, leading to a positive outlook for the halloumi cheese market.
US Halloumi Cheese Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Supermarkets
Fastest Growth
Supermarkets
Growth Rate
10.98% CAGR
Global Halloumi cheese market by region
Country Share for Europe(%)
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Halloumi Cheese Market Segmental Analysis
The global halloumi cheese market can be segmented based on type, distribution channel, and region. By type, it can be categorized as traditional and organic Halloumi. Distribution channels may include supermarkets, specialty stores, online retailers, and others. Geographically, the market can be analyzed across regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Halloumi Cheese Market Analysis by Product
The fresh halloumi cheese segment is likely the largest in the market, as it has been the traditional form of halloumi cheese and widely consumed globally. Countries in the Mediterranean region, including Cyprus, Greece, and Turkey, are major producers and consumers of fresh Halloumi.
The fastest-growing segment is likely the flavored halloumi cheese. As consumers look for novel and diverse tastes, the introduction of flavored variations has appealed to a broader audience. This segment's growth can be attributed to increased innovation in product development, allowing manufacturers to experiment with different flavors and ingredients to cater to various tastes.
Halloumi Cheese Market Analysis by Distribution Channel
Supermarkets and hypermarkets are often the largest distribution channel for halloumi cheese due to their widespread presence and high consumer footfall. These retail giants usually stock a broad range of dairy products, including different cheese varieties like halloumi, making them a convenient choice for customers to purchase their favorite cheese.
The fastest-growing distribution channel for halloumi cheese is likely to be online retail. The increasing popularity of e-commerce and the convenience of purchasing products online have led to the growth of online cheese sales. Online platforms offer access to a wide variety of halloumi cheese from different brands and regions, making it an appealing option for consumers looking for diversity and specialty products.
Global Halloumi cheese market by distribution channel
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Halloumi Cheese Market Regional Insights
The largest market for halloumi cheese was in Europe, primarily driven by the strong cultural and historical connections to the cheese. Cyprus and Greece, particularly, had a substantial share in both production and consumption due to their traditional halloumi-making expertise.
As for the fastest-growing regions, North America and certain parts of Asia witnessed significant increases in consumption. North America, especially the United States and Canada, showed a growing demand for halloumi cheese as consumers explored new flavors and expanded their culinary preferences.
Global Halloumi cheese market by geography
- Largest
- Fastest
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Halloumi Cheese Market Dynamics
Halloumi Cheese Market Drivers
Culinary Versatility and Unique Attributes
- Halloumi's distinctive characteristics, such as its ability to maintain its shape when heated, make it a versatile ingredient in various cuisines. It can be grilled, fried, or added to a variety of dishes, appealing to consumers seeking diverse culinary experiences.
- Halloumi cheese is a good source of protein, which is a significant driver for health-conscious consumers. The increasing emphasis on protein-rich diets for muscle building, weight management, and overall health is contributing to the demand for Halloumi.
Halloumi Cheese Market Restraints
High Cost to Hinder Market Growth
- The limited production of halloumi cheese due to its traditional manufacturing process and specific geographic origin has led to supply constraints, resulting in higher prices and potential market limitations.
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Halloumi Cheese Market Competitive Landscape
The global halloumi cheese market featured intense competition among key players vying for market share. Established dairy companies, regional manufacturers, and private label brands were prominent contenders in the industry. Factors influencing competition included product quality, pricing strategies, distribution networks, and marketing initiatives. Additionally, shifting consumer preferences toward healthier and organic options, as well as sustainability concerns, played a significant role in shaping the competitive landscape. Continuous innovation and product diversification were crucial for companies seeking to gain a competitive edge in the growing global halloumi cheese market. Please note that the market dynamics may have evolved since my last update.
Halloumi Cheese Market Top Player’s Company Profiles
- Pittas Dairy Industries Ltd. - Cyprus
- Zita Dairies Ltd. - Cyprus
- Petrou Bros Dairy Products - Cyprus
- Uhrenholt A/S - Denmark
- Hadjipieris Ltd. - Cyprus
- Lemnos Foods - Australia
- Almarai - Saudi Arabia
- Olympus Cheese Pvt. Ltd. - India
- Arla Foods - Denmark
- Wattle Valley - Australia
- Hellenic Dairies S.A. - Greece
- Sussex High Weald Dairy - United Kingdom
- Yamas Dairy - Cyprus
- Pokolbin Dairy - Australia
- Windyridge Cheese Ltd. - New Zealand
- Kolios Dairy - Greece
- Cornish Country Larder - United Kingdom
- Pinar Dairy - Turkey
- The Cheesemakers of Canterbury - United Kingdom
- Cedar's Delight - Canada
Halloumi Cheese Market Recent Developments
- In January 2022, farmer-owned dairy company Arla Foods is increasing its operational climate target from 30 to 63% with plans to switch to fossil-free trucks, green electricity, and low-energy solutions.
- In February 2022, In response to current demands and consumer trends, ALAMBRA Dairy kept moving ahead and introduced PlantON vegan yogurts to the Cypriot market.
Halloumi Cheese Key Market Trends
- The key developments in the global halloumi cheese market were focused on increasing consumer demand and expanding market presence. Producers were investing in innovative flavors and packaging to cater to diverse tastes and preferences, while also promoting Halloumi as a versatile ingredient in various cuisines. Additionally, sustainable, and ethical production practices were gaining traction, aligning with the growing awareness of environmental concerns among consumers. The market witnessed collaborations between Halloumi producers and retailers to enhance distribution networks, enabling easier access to this popular cheese variety worldwide.
Halloumi Cheese Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global halloumi cheese market shows promising future prospects as its popularity continues to surge worldwide. With a growing demand for unique and versatile dairy products, halloumi has gained traction due to its high melting point, making it suitable for grilling and frying. Additionally, its appeal to vegetarians and its rich, salty flavor have contributed to its increasing consumption. As consumers seek diverse culinary experiences, halloumi's versatility in various cuisines offers a competitive advantage. Furthermore, the rise of health-conscious consumers seeking protein-rich alternatives bodes well for halloumi's market growth. Given these factors, the halloumi cheese market is expected to flourish in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 401.9 million |
| Market size value in 2031 | USD 1026.41 million |
| Growth Rate | 10.98% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Halloumi Cheese Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Halloumi Cheese Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Halloumi Cheese Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Halloumi Cheese Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Halloumi Cheese Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Halloumi Cheese Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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