Halloumi Cheese Market

Global halloumi cheese market Size (2024 to 2029)

Halloumi Cheese Market share value in 2024 was 573.27 million, and it is expected to grow at a CAGR of 10.49% during the forecast period 2024-2029 to reach USD 944.01 million by 2029.

Cheese is a nutritious food. Cheese is mainly consisting of curd. Sometimes cheese is made by allowing milk to curdle naturally. Cheese consists of saturated fat and cholesterol. The halloumi cheese is prepared from goat’s and sheep’s milk on the Eastern Mediterranean Island of Cyprus. This can sometimes be made of cow’s milk also. The Halloumi cheese is white, layered cheese same as mozzarella. The texture of Halloumi cheese is spongy, semihard, unripened, and brined cheese. The halloumi cheese is tangy and salty flavored, and it has no rind. The milk which is used to make cheese may be pasteurized or unpasteurized. This cheese can be eaten raw. The halloumi cheese has a high melting point. Hence it is ideally used for grilling or frying. Halloumi cheese is rich in protein, supports bone health, and may protect against diabetes.

Halloumi cheese has the advantage of having a very low amount of low-density lipoprotein. Hence people are demanding more amount of halloumi cheese over normal cheese. The increase in consumption of normal cheese leads to obesity and causes cardiovascular diseases. To avoid these chances of getting these chronic diseases and to, maintain health, and also meets the taste bud’s requirement. The market's key players are focusing on manufacturing halloumi cheese in the form of provolone, mozzarella, and cheddar. This helps to meet the demand of health-conscious consumers who do not want to give up on cheese. These factors create an opportunity for the global halloumi cheese market demand.

Global Halloumi Cheese Market Drivers:

The increase in health awareness among the population drives the global halloumi cheese market. Halloumi cheese is more beneficial for health when compared with other types of cheese. The health benefits of Halloumi cheese as they are high in protein content, calcium, etc. The increase in the prevalence of chronic diseases which are caused due to obesity. The increase in incidences of obesity is due to the increasing adaption of a sedentary lifestyle and eating junk food. Normal cheese is made of high-low saturated fatty acids, which increase the cholesterol level in the human body. But the Halloumi cheese is comparatively made of less amount of low-density lipoprotein and hence comparatively causes less harm. This cheese does not lead to cause deposition of bad cholesterol. Halloumi cheese has health benefits over normal cheese; hence the demand for halloumi cheese is increasing. This drives the Global Halloumi Cheese Market shares. The increase in demand for ready-to-eat food drives the global halloumi cheese market growth. The ready-to-eat products which require cheese, such as pizza, pasta, etc., increase the demand for halloumi cheese. The increase in the amount of culinary cheese by large catering businesses, hotels, industrial canteens, etc., drives the global halloumi cheese market. Additionally, the increase in demand for frozen food helps to boost the market growth. The increase in disposal income among the population drives market growth. The increase in demand for a protein-rich diet and eating something that meets the customer's cravings for cheese and also meets health expectations.

Global Halloumi Cheese Market Restraints:

People are unaware of Halloumi cheese. The whole population is unaware of the benefits of eating halloumi cheese over normal cheese. The low amount of fatty cheese is not known among people. These restraints the global halloumi cheese market. The increase in health consciousness among people has decreased the consumption of cheese nowadays. This decreases the demand for cheese in the market, which leads to a decrease in the global halloumi cheese market. People are not accepting the different textures and flavors of this halloumi cheese. Additionally, during the cheese manufacturing process, many of the hazards can be introduced to microorganisms such as Listeria and Salmonella, allergens, or contaminated materials in the final products. This may lead to food poisoning. Hence the handling and storage of dairy products which involve the storage of milk and other ingredients, is not easy. This leads to a decrease the market growth. These are the restraining factors of the global halloumi cheese market value.

Impact of COVID-19 on the Market:

Numerous industries are affected by the Covid-29. Covid-19 led to the lockdown and travel restrictions. This led to a decrease in manufacturing which led to the closure of different factories. This led to a decrease in the production of halloumi cheese which had a major impact on the global halloumi cheese market. Covid-19 resulted in the closing of different stores like online stores, retail shops, etc. Hence led to a decrease in supply management during the pandemic. The disruption of supply chain management due to the lockdown and restrictions led to an impact on sales of cheese. Additionally, in the early stage of Covid-19, due to restrictions, the restaurants were closed, which led to a decrease in demand for halloumi cheese. The impact of COVID-19 on the global halloumi cheese market was negative.

REPORT COVERAGE: 

This research report on the global halloumi cheese market has been segmented and sub-segmented based on nature, flavour, end user, and region. 

Global Halloumi Cheese Market - By Nature:

• Organic
• Conventional

Among these, the conventional halloumi cheese segment dominated the market. This segment is expected to show its dominance in the global halloumi cheese market. This is because these halloumi cheeses are easily available in the market. The halloumi cheese is cost-efficient, so it makes an easy and convenient choice for buyers. The organic segment is also expected to show the fastest CAGR growth rate over the forecasting period. This is due to increased awareness of a healthy diet. Organic halloumi cheese is made from goat’s milk and hence is more expensive than normal halloumi cheese.

Global Halloumi Cheese Market - By Flavour:

• Flavored
• Unflavoured

Among these, the unflavoured segment dominates the market because it holds the highest market revenue. This segment is expected to dominate the global halloumi cheese market over the forecasting period. The unflavoured type of halloumi cheese is also known as primary cheese. Sometimes, ovine milk is also used to produce halloumi cheese. The flavored segment is anticipated to show the fastest CAGR growth rate over the forecasting period. The flavored type of cheese is made from additional flavors such as mint and added salt to enhance the flavor. The chili and mint-flavored halloumi cheese is famous in the global halloumi cheese market.

Global Halloumi Cheese Market - By End User:

• Food Service
• Residential

Among these, the Foodservice segment dominates the global halloumi cheese market. The food service segment is anticipated to show its dominance over the forecasting period. This is due to an increase in demand for cheese from food eateries, full service-restaurants, quick-service restaurants, etc. These services provide a variety of dishes that involves cheese, including halloumi cheese. The increase in consumption of ready-to-eat food also helps to drive segmental growth. The residential segment is expected to show the fastest CAGR growth rate over the forecasting period. This is due to the consumers purchasing the cheese from retail stores to consume at their homes. People are making cheese-based products at home hence increasing the demand for this segment. In addition, halloumi cheese is a protein-rich food, and nowadays, most vegetarians seek milk-based protein-rich food, hence increasing the demand for cheese. The increase in the consumption of cheese worldwide at home led to an increase in the demand for this segment.

Global Halloumi Cheese Market – By Region:

• North America
• APAC
• Middle East
• Latin America
• Europe

Europe is very much developed in the dairy market. This is due to an increase in research and development in this sector. This led to advancement in technology; hence advanced procedures were used to make the cheese. Additionally, the increase in the consumption of cheese in daily dishes drives the European halloumi cheese market.

The North American region is expected to show significant market growth over the projected period. This is due to an increase in the number of tourists visiting North America from the European region. Additionally, in the United States, the consumption of cheese is increased. For instance, as per the Department of Agriculture Economic Research Drive, US consumers are around 40.2 lbs of cheese in 2020. Additionally, the increase in demand from restaurants for halloumi cheese is increasing, which leads to segmental growth. The Asia Pacific region is expected to show the fastest CAGR growth rate over the forecasting period. This is due to the increasing consumption of cheese in emerging countries such as China. The improvements in infrastructure, and presence of new market players, increase in disposal income drives the Asia Pacific market. The LAMEA region is expected to show significant development in the region. In Latin America and the MEA region, the MEA region is among the market leaders in the Halloumi market. This is due to the extensive youth population and increase in junk food consumption.

KEY MARKET PLAYERS:

Key Market players of Halloumi Cheese Market are Danone S.A. (France), GCMMF (India), Nestle S.A. (Switzerland), Land O' Lakes, Inc. (U.S.), Kerry (Ireland), The Kraft Heinz Company (U.S.), ADM (U.S.), Lactosan A/S (Denmark), Antegrade Limited (U.K.), DairiConcepts, L.P (U.S.), Petrou Bros Dairy Products (Cyprus), Akgol Ltd (Cyprus).

RECENT HAPPENINGS IN THE MARKET:

On 17th Aug 2022, ADM, a global leader in sustainable human and animal nutrition, and New Culture, a pioneering animal-free dairy company, formed a strategic partnership to accelerate the development and commercialization of alternative dairy products. The partnership highlights both companies’ deep commitments to enabling a more sustainable food future.