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Written by James » Updated on: September 03rd, 2024
IMARC Group has recently released a new research study titled “Halloumi Cheese Market Report by Type (Flavored, Unflavored), End Use (Food Service, Residential), Nature (Organic, Conventional), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global halloumi cheese market size reached US$ 539.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,699.5 Million by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032.
Global Halloumi Cheese Market Trends:
The rising inclusion in premium and gourmet food products, such as specialty burgers and upscale salads, reflects a growing consumer preference for high-quality, innovative culinary experiences, driving demand for diverse and sophisticated food offerings that cater to evolving tastes and lifestyle choices, strengthening the market growth. Moreover, the increasing number of food festivals and culinary events showcasing halloumi dishes boosts its popularity among food enthusiasts and gastronomes, impelling the market growth. Besides this, the expanding use of fast-casual dining chains, which are increasingly incorporating halloumi into their menus to offer unique and trendy options, is contributing to the market expansion.
Factors Affecting the Growth of the Halloumi Cheese Industry:
Growing consumer demand for unique and exotic cheeses: One of the primary drivers of the halloumi cheese market is the increasing consumer interest in unique and exotic cheeses. As global culinary tastes evolve, consumers are seeking out new and distinctive food experiences, including a variety of cheeses that go beyond the traditional options. Halloumi, with its distinctive texture and flavor, has gained popularity for its unique characteristics, such as its ability to retain its shape and texture when grilled or fried. This makes it a versatile cheese suitable for various culinary applications. The rise in gourmet food trends and the increasing availability of international foods in supermarkets and specialty stores are supporting the market expansion.
The increasing popularity of vegetarian and flexitarian diets: The rising adoption of vegetarian and flexitarian diets is another significant factor driving the halloumi cheese market. As more people reduce their meat consumption for health, ethical, or environmental reasons, they seek alternative protein sources. Halloumi cheese, being rich in protein and offering a meaty texture, serves as an excellent substitute for vegetarian meals. Its firm texture and high melting point make it a popular choice for grilling and frying, providing a satisfying alternative to meat. The cheese's appeal is particularly strong among flexitarians, who incorporate more plant-based foods into their diet while still consuming animal products, occasionally bolstering the market growth.
Rising trend of Middle Eastern and Mediterranean cuisines: The rising popularity of Middle Eastern and Mediterranean cuisines has significantly boosted the demand for halloumi cheese. These culinary traditions heavily feature halloumi in various dishes, from salads and wraps to grilled and roasted meals. As these cuisines gain global recognition for their flavorful and healthy offerings, halloumi has emerged as a key ingredient in many popular dishes. The Mediterranean diet is known for its health benefits, including heart health and weight management, leading to its widespread adoption. Halloumi's inclusion in this diet has reinforced its demand as consumers look to replicate authentic Mediterranean dishes at home and in restaurants. Additionally, the influence of food bloggers, cooking shows, and social media has further popularized these cuisines, highlighting halloumi cheese as a must-try ingredient, thus aiding the market growth.
Key Companies:
Halloumi Cheese Market Report Segmentation:
By Type:
On the basis of type, the market is segmented into flavored and unflavored.
By End Use:
Based on the end use, the market is divided into food service and residential.
By Nature:
On the basis of nature, the market is classified into organic and conventional.
Regional Insights:
Based on the region, the market is segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
Key Highlights of the Report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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IMARC Group
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Email: [email protected]
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