Halloumi Cheese Market Outlook, Global Demand and Rising Trends 2019 to 2029

Europe and Middle East Bestow Remunerative Opportunities to Global Halloumi Cheese Market

The global halloumi cheese market is forecasted to behold healthy growth during the forecast period (2019 to 2029), according to a new market study by XploreMR. Halloumi cheese is mostly produced from the pasteurized or unpasteurized milk of cow, sheep or goat, while it can also be prepared from a mixture of goat's and sheep's milk. On the back of its salty, savory, and tangy flavor coupled with a texture similar to mozzarella cheese, halloumi cheese finds remarkable adoption in European regions as an ingredient in salads and barbeques.

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Moreover, halloumi cheese-based fries and halloumi cheese-based burgers are highly popular in these regions. The growth of the market is majorly attributed to the introduction of different types of cheese in European and Middle East regions, coupled with growing prominence in other parts of the world. On the back of this factor, the global halloumi cheese market is forecasted to progress at an excellent CAGR of over 12% through the forecast period.

Market Players Rely on Science to Mitigate Challenges

The demand for halloumi cheese will remain steady on the higher side in the years to come, one the back of the genetic improvement of local goat and sheep breeds, which will continue to produce high-quality halloumi cheese. Moreover, the increasing quality and production of animal feed are gaining positively impacting the growth of the market.

To mitigate challenges posed by supply-demand fluctuations, manufacturers are resorting to science programs, and breeding programs will continue to improve the quantity and quality of the end products.

On the other hand, being a rich source of protein, halloumi cheese is aids in reducing the risk of various bone-related diseases such as osteoporosis, and is hence gaining remarkable traction in the food sector. The consumption in the food sector will bestow lucrative revenue opportunities to the players in the global halloumi cheese market.

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Consumption Remains Concentrated in Europe and Middle East

Europe and the Middle East are forecasted to maintain hegemony over the regional landscape of the global halloumi cheese market, and hold the lion's share in market value. Both the aforementioned regions cumulatively account for more than 70% of global value.

The Middle East is benefitted by the presence of Cyprus, which is the sole producer of halloumi cheese in the region. The demand for Halloumi cheese is high in countries such as Saudi Arabia, UAE, Turkey, Kuwait, Qatar, Jordan, Bahrain, and others, which channel a respectable share of the revenue. On the other hand, Europe is expected to remain the largest consumer of cheese, owing to the high intake of cheese and associated products in daily diets.

Furthermore, rising health consciousness in the region, coupled with its pungent salty flavor is asserting consumers to seek halloumi cheese over other varieties of cheese such as cheddar and American. In terms of distribution channels, halloumi cheese has high penetration among British supermarket/hypermarket chains.

For instance, retail chains such as Tesco, Waitrose, and others offer six different varieties of Halloumi cheese and have achieved significant growth in the last few years.

Competitive Landscape of Global Halloumi Cheese Market

Some of the major market players operating in the global halloumi cheese market include Petrous Bros Dairy Products Ltd., Akgöl Dairy, Food and Packing Industries Ltd., Grillies, Routhier Weber GmbH, N.TH. Kouroushis LTD., Waimata Cheese Company, Lemnos Foods, FarmLand General Trading Co., W.L.L., Almarai, and others.

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This release was published on openPR.