Halloumi cheese is semi-hard cheese with its color varying from white to depending on the ingredients and production process. This cheese can be consumed raw, but is often grilled, fried, or grated over a hot dish. Traditionally, the halloumi cheese was a type of cheese produced in the Cypriot region between the Middle East and Europe called Cyprus. Halloumi cheese is traditionally made from ovine milk. The production method and the end product are often different throughout Cyprus creating confusion as to what is the correct way of producing halloumi cheese. The global halloumi cheese market was valued at $421.2 million in 2019, and is projected to reach $737.0 million by 2027, registering a CAGR of 10.0% from 2021 to 2027.
The growth of the halloumi cheese market can be attributed to growing cross-cultural interaction due to frequent travel. Moreover, the growing culture of dining out has further benefitted the market. Halloumi cheese is also considered a vial meat replacement for vegetarian cohort of the global population as it remains hard even after grilling. Furthermore, rise in number of food service outlets and growing adoption of halloumi cheese in such outlets further drive the market growth. However, ingredient adulteration act as the major restraint for the global halloumi cheese market. In addition, cheese in general is not considered very health and often the health-conscious population avoid cheese due to high concentration of fat and salt, which also hinders the market growth. On the contrary, rise in disposable income of people and growth in fast food culture are expected to provide opportunities for the halloumi cheese market growth.
The Halloumi cheese market is segmented on the basis of type, end use, nature, and region. The type segment includes flavored and unflavored. On the basis of end use, the market is classified into food service and residential. Based on nature, the market is divided into organic and conventional. Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (Germany, the UK, France, Italy, Spain, Cyprus and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East and Africa).
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Key players in the halloumi cheese market have relied on strategies such as product launch and business expansion to expand their market share and stay relevant in the global halloumi cheese market. The key players in the halloumi cheese industry profiled in the report are Petrou Bros Dairy Products Ltd., Zita Dairies ltd., Hadjipieris Ltd., Galaktokomio A.D.S Dafni ltd., Arla foods, Almarai, Nordex Foods A/S, CowBoy Farm ltd., Sussex High Weald Dairy, and Lefkonitziatis Dairy Products.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 identify the prevailing water tank opportunities.
– Porter’s five forces analysis highlights the potency of buyers and supplier’s tenable stakeholder’s make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
– The major countries in each region are mapped according their revenue contribution the industry.
– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the water tank industry.
KEY MARKET SEGMENTATION
– Food Service
o Food Service
– By Nature
– By Region
o North America
Rest of Europe
Rest of Asia-Pacific
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