Europe, SEA, and MENA Halloumi Cheese Market – Industry Trends and Forecast to 2030

Europe, SEA, and MENA Halloumi Cheese Market Analysis and Insights

 Europe, SEA, & MENA halloumi cheese market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 751.19 million by 2030. The increase in demand for halloumi cheeses in various applications in different food sectors is expected to boost the market.

Increasing applications of halloumi cheese in various cuisines and new launches of halloumi cheese products in various countries of Europe, South East Asia, and Middle East & North Africa are driving the market's expansion. Additionally, the market is further influenced by the multiple health benefits of halloumi cheese. Moreover, the expansions, R&D, and modernization of halloumi cheese products in the market have opened up more business potential for halloumi cheese.

 Europe, SEA, & MENA halloumi cheese market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

Market Definition

Halloumi cheese is originated in Cyprus and is semi-hard and unripened. Though some varieties might also include cow's milk, it is typically made from a combination of sheep and goat milk. The firm, chewy texture, and tangy flavor are its key characteristics.

In Cyprus, it has been a distinctive food component for many years, and its popularity has recently risen again. In recent times, it can be found in most supermarket cheese sections and is frequently found on the menus of Greek restaurants. Its melting point is higher than that of many other kinds of cheese, so it can be baked, grilled, or fried without losing its shape. Due to this, it is frequently served cooked, which enhances its distinctively salty flavor and gives it a slightly crispy exterior. In keeping with a centuries-old tradition, it is made with sheep and goat milk.

Europe, SEA, & MENA Halloumi Cheese Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Increasing Applications of Halloumi Cheese in Various Cuisines

Halloumi cheese is a versatile ingredient that provides a new texture and flavor to various dishes. With globalization and the increasing popularity of international cuisines, the use of cheese in different dishes has become even more widespread. The popularity of halloumi cheese is attributed to its great taste, availability of new and different flavors, convenience and versatility of use, and nutritional value. Halloumi cheese can be used in various cuisines, enabling consumers to prefer cheese more and more. Furthermore, halloumi cheese can be used in a variety of dishes which is expected to drive the growth of the Europe, SEA, & MENA halloumi cheese market.

Opportunity

• Rising Technologies in Halloumi Cheese Production and Processing

Halloumi cheese production and processing have been done in Cyprus for centuries, but technological advancements have brought about new and innovative ways to improve the efficiency, quality, and safety of the halloumi cheese-making process. The halloumi cheese industry is highly benefiting from the rising automation and new and latest techniques in order to reduce labor costs and time.

Restraints/Challenge

• Rising Trend of Veganism Among Consumers

There has been an upsurge in demand for plant-based and vegan food products among consumers. The increasing health awareness and environmental benefits of plant-based diets have led consumers to shift towards vegan options. Halloumi cheese is made from sheep and goat milk and has an ample amount of milk protein in it. Plenty of options are available in vegan and plant-based forms for consumers, which is challenging the market growth. Consumers prefer vegan substitutes and plant-based cheese products and avoid cheese prepared from animal sources. Moreover, the animal cruelty campaigns and the wide range of consumers shifting towards vegan substitutes may challenge the market growth in the forecast period.

Post-COVID-19 Impact on Halloumi Cheese

The uncertainty brought on by the global coronavirus pandemic (COVID-19) has hampered the development of European, South East Asian, and Middle East & North African economies and altered the entire dynamics of the market-related industries that contributed to the pandemic. Effects include behavioral adjustments (avoiding purchasing and consuming), changes in spending habits, efforts to contain disruptions in the supply of the market, volatile commodity prices, and rising debt loads. The effects of dramatic market tightening are also visible. All the nations have experienced a multi-layered crisis as a result of (COVID-19), including domestic economic disruptions, declining external demand, price collapses, and collapses in supply and demand of the products.

Post the pandemic, the demand for halloumi cheese and halloumi cheese-based products has increased as there aren't any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their processing units to manufacture halloumi cheese. The demand in the food services sector, F&B processing industry, and household/retail have also increased, which may propel the market's growth.

Moreover, the increasing demand for halloumi cheese will drive the market's growth. Furthermore, the demand for halloumi cheese in the household and retail industry after the COVID-19 pandemic has increased. Additionally, consumers' interest in halloumi cheese for its health benefit and research development is expected to fuel the growth of the Europe, SEA, & MENA halloumi cheese market.

Recent Developments

• In October, Arla food amba announced the inauguration of a state-of-the-art cheese production site in Bahrain to support the increasing demands for dairy in the Middle East and North Africa. This inauguration will help in the expansion of their business in the MENA region.
• In November, Charalambides Christis won the Silver Award for the PDO Charalambides Christis Organic Halloumi Cheese at the World Cheese Competition, "World Cheese Awards 2022-2023." This award has helped the company to gain a better brand image among the consumer and attracted a larger consumer base.

Europe, SEA, & MENA Halloumi Cheese Market Scope

Europe, SEA, & MENA halloumi cheese market is segmented into eight notable segments based on texture, fat content, category, source, form, flavor, distribution channel, and end user. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Texture

• Firm
• Creamy
• Springy

On the basis of texture, Europe, SEA, & MENA halloumi cheese market is segmented into firm, creamy, and springy.

Fat Content

• Regular
• Reduced Fat

On the basis of fat content, Europe, SEA, & MENA halloumi cheese market is segmented into regular and reduced fat.

Category

• Conventional
• Organic

On the basis of category, Europe, SEA, & MENA halloumi cheese market is segmented into conventional and organic.

Source

• Blended Animal Based
• Pure Animal Based

On the basis of source, Europe, SEA, & MENA halloumi cheese market is segmented into blended and pure animal based.

Form

• Blocks
• Slices
• Diced/Cubes
• Others

On the basis of form, Europe, SEA, & MENA halloumi cheese market is segmented into blocks, slices, diced/cubes, and others.

Flavor

• Flavor
• Regular

On the basis of flavor, Europe, SEA, & MENA halloumi cheese market is segmented into flavor and regular.

Distribution Channel

• Indirect
• Direct

On the basis of distribution channel, Europe, SEA, & MENA halloumi cheese market is segmented into indirect and direct.

End User

• Food Services Sector
• Household/Retail
• F&B Processing Industries

On the basis of end user, Europe, SEA, & MENA halloumi cheese market is segmented into food services sector, household/retail, and f&b processing industries.

Europe, SEA, & MENA Halloumi Cheese Market Regional Analysis/Insights

Europe, SEA, & MENA halloumi cheese market is analyzed, and market size insights and trends are provided based on as referenced above.

Regions in the Europe, SEA, & MENA halloumi cheese market are the Europe, Middle East & North Africa (MENA), and South East Asia (SEA).

Europe is expected to dominate  Europe, SEA, & MENA halloumi cheese market due to large production, easy availability of products, and an increase in consumers.

 Country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European, South East Asian, and Middle Eastern & North African brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe, SEA, & MENA Halloumi Cheese Market Share Analysis

 Europe, SEA, & MENA halloumi cheese market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Europe, SEA, & MENA halloumi cheese market.

Some of the prominent participants operating in the Europe, SEA, & MENA halloumi cheese market are Petrou Bros Dairy Products, Hadijipieris ltd., GALAKTOKOMIO A.D.S DAFNI LTD, NORDEX FOOD A/S, Achnagal Ltd, Akgol Ltd, Dairy Day Ltd, Routhier Mediterranean Products GmbH, N.TH. Kouroushis LTD., High Weald Dairy, LEFKONITZIATIS, Zita Dairies Ltd, Almarai, Charalambides Christis, Papouis Dairies Ltd, Vouyiouklakis.com, Loizou Dairies, Greek Brands, freudy, and Arla Foods amba among others.

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