Halloumi Cheese Market Analysis

Halloumi Cheese Market Analysis

Unflavored halloumi segment accounted for USD 328.48 million in 2023, and it is anticipated to expand at a 11.2% CAGR during 2024-2032. Unflavored halloumi continues to dominate the market, cherished for its versatility and authentic taste. This halloumi variant is a staple in numerous Mediterranean and Middle Eastern dishes, prized for its genuine flavor and texture. Chefs and consumers alike favor unflavored halloumi for its ability to harmonize with diverse flavors without overshadowing the dish. As global trends lean towards ethnic and authentic cuisines, the demand for traditional unflavored halloumi is poised to remain strong.
 

The halloumi cheese market from slice segment was valued at USD 197.36 million in 2023 and garner a 11.7% CAGR from 2024 to 2032. Sliced halloumi cheese is gaining traction, especially in the foodservice sector, due to its convenience. Its pre-cut format is ideal for quick preparations, making it a favored choice in restaurants and cafes for sandwiches, burgers, and salads.
 

This convenience caters to the rising demand for swift food preparation, both in professional kitchens and at home. Grated halloumi, while a niche segment, is witnessing growth, primarily due to its convenience in dishes like pizzas, pastas, and baked goods. Its quick melting properties make it ideal for culinary applications requiring swift preparation. This format finds favor in the foodservice sector, where speed is paramount, and among home cooks seeking quick meal solutions.
 

The halloumi cheese market from supermarkets and hypermarkets held USD 197.51 million in 2023 and expected to expand at 11.8% CAGR during the forecast period. Dominating the distribution landscape, supermarkets and hypermarkets offer a broad spectrum of both branded and private-label halloumi options. With high foot traffic, these outlets provide the convenience of purchasing halloumi alongside other groceries. Their purchasing power and economies of scale enable them to offer competitive pricing, making them a go-to for value-seeking consumers.
 

The halloumi cheese market from household segment was valued at USD 222.66 million in 2023 and garner a 11.4% CAGR from 2024 to 2032. Households constitute a significant segment of the halloumi market, drawn by its versatility in cooking. With its distinct taste, high protein content, and adaptability, halloumi is increasingly featured in meal planning. The post-COVID surge in home cooking and recipe experimentation has further amplified halloumi's presence in domestic kitchens.
 

North America halloumi cheese market is expected to hold a USD 94.66 million in 2023 and expected to grow at a 11.1% CAGR. In North America, the U.S. is emerging as a pivotal market for halloumi cheese. Its distinct grilling attributes attract consumers seeking alternative proteins and specialty cheeses. The burgeoning food service sector, especially in metropolitan areas with eclectic culinary landscapes, amplifies halloumi's demand. Additionally, North America's health and wellness focus, paired with a curiosity for global cuisines, fuels the cheese's rising popularity.