Halloumi Cheese Market Size, Demand, Trends, Growth Drivers and Forecast 2023-2028

How big is the halloumi cheese market?

The global halloumi cheese market size reached US$ 469 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,091 Million by 2028, exhibiting a growth rate (CAGR) of 14.7% during 2023-2028.

Halloumi Cheese Market Report 2023-2028


Industry Overview of Halloumi Cheese Market:

Halloumi cheese, hailing from the Eastern Mediterranean Island of Cyprus, is a cheese variety crafted from a blend of goat and sheep milk or a combination of the two. This cheese boasts a distinctive appearance, with its white, layered structure reminiscent of mozzarella. It falls into the category of brined, unripened, and semi-hard cheeses, known for its slightly spongy texture. Characterized by its tangy and salty flavor profile, halloumi cheese lacks any discernible rind. In some instances, cow's milk is also incorporated into the production process of halloumi cheese.

What sets halloumi cheese apart is its exceptional heat tolerance, making it an ideal choice for grilling. Even when exposed to high temperatures, halloumi retains its shape and structure, creating a delightful grilled cheese experience.

Beyond its culinary attributes, halloumi cheese serves as a noteworthy source of essential nutrients, including zinc, calcium, protein, dietary fat, magnesium, as well as vitamins A and B. To preserve its quality, halloumi cheese is typically stored in salted water or securely wrapped in parchment, wax paper, or cheese-specific packaging.

In recent years, halloumi cheese has gained significant popularity due to its availability in a wide array of enticing flavored variations, such as basil, chili, and mint, further expanding its appeal and versatility in various culinary applications.

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Halloumi Cheese Market Trends and Drivers:

Factors Driving the Halloumi Cheese Market

Exponential Growth in the Food and Beverage Industry

One of the primary factors driving the market for halloumi cheese is the exponential growth in the food and beverage (F&B) industry globally. As the F&B sector continues to expand, there is an increasing demand for diverse and unique ingredients, including halloumi cheese. This growth trend in the industry is a significant driver for the halloumi cheese market.

Innovation in Cafes and Restaurants

Cafes and restaurants are playing a pivotal role in the halloumi cheese market's growth by introducing various combinations and flavors of halloumi cheese into their menus. This strategy allows them to diversify their product offerings and cater to customers seeking novel culinary experiences.

Rising Interest in Cross-Cultural Cuisines

The growth in the travel industry has led to an increasing consumer inclination toward cross-cultural cuisines. As people explore different cultures and culinary traditions, the demand for unique ingredients like halloumi cheese has surged. This trend is creating a positive market outlook for halloumi cheese.

Halloumi Cheese as a Meat Alternative

The adoption of halloumi cheese as an alternative to meat is another significant factor propelling the market's growth. With more consumers looking for vegetarian and plant-based options, halloumi cheese has gained popularity for its versatility and rich flavor, making it a preferred choice in various dishes.

Innovative Packaging Technologies

Key players in the halloumi cheese market are embracing innovative packaging technologies to maintain the quality of the product and increase its shelf-life. This ensures that consumers can enjoy fresh halloumi cheese for longer periods, further boosting market growth.

Introduction of Exotic Flavors

The market is witnessing growth due to the introduction of halloumi cheese in exotic and novel flavors. This diversification appeals to consumers seeking unique taste experiences and expands the overall market appeal of halloumi cheese.

Influence of Social Media Endorsements

Increasing endorsements on social media platforms by influencers, chefs, and food enthusiasts are contributing to the growth of the halloumi cheese market. These endorsements create awareness and drive consumer interest in trying this delectable cheese.

Preference for Premium and Luxury Food Products

Lastly, the increasing preference for premium and luxury food products among consumers is positively impacting the halloumi cheese market. Halloumi cheese, with its distinctive taste and versatility, aligns well with this preference for high-quality culinary experiences.

In summary, the halloumi cheese market is experiencing robust growth driven by various factors, including the F&B industry's expansion, culinary innovation, cross-cultural culinary trends, its role as a meat alternative, packaging advancements, flavor diversification, social media influence, and the demand for premium food products.

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Market Segmentation:

Breakup by Type:

  • Flavored
  • Unflavored

Breakup by End Use:

  • Food Service
  • Residential

Breakup by Nature:

  • Organic
  • Conventional

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Competitive Landscape with Key Players:

Key Companies:

Almarai, Arla Foods amba, GALAKTOKOMIO A.D.S DAFNI LTD, Hadjipieris Ltd, Lefkonitziatis, NORDEX FOOD A/S, Petrou Bros Dairy Products Ltd, Sussex High Weald Dairy Ltd, WAIMATA CHEESE COMPANY and Zita Dairies Ltd.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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