According to a new report, published by KBV research, The Global Halloumi Cheese Market size is expected to reach $794.6 Million by 2028, rising at a market growth of 9.4% CAGR during the forecast period.
The Flavored segment is showcasing a CAGR of 10% during (2022 - 2028). For the purpose of enhancing the flavor of halloumi cheese, other flavors, such as mint, are combined with salt. Two of the most widely consumed kinds of halloumi cheese are those with a chili or mint flavor. Halloumi cheese is also offered in Mediterranean and smoked flavors in addition to these options. The consumption of this cheese as a snack is the primary factor driving the expansion of the segment.
The Conventional segment acquired maximum revenue share in the Global Halloumi Cheese Market by Nature in 2021 thereby, achieving a market value of $589.5 Million by 2028. It is anticipated that conventional cheese will be used more frequently in restaurants and fast-food outlets, as well as the expanding number of food service outlets. One factor contributing to the attractiveness of conventional halloumi cheese is its lower cost. Also, regular halloumi cheese is easily acquired and offered in various retail formats, which facilitates the acquisition and boosts sales internationally.
The Residential segment has shown the growth rate of 10.4% during (2022 - 2028). The increase can be related to consumer interest in preparing home-cooked meals and cuisines. The residential category consists of customers who frequently buy halloumi cheese from grocery stores to consume at home. The widespread demand for halloumi cheese has resulted from the increased domestic consumption along with rising travel and gastronomic tourism.
The Europe market dominated the Global Halloumi Cheese Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $398.4 Million by 2028. The North America market is exhibiting a CAGR of 9.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 10.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/halloumi-cheese-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Almarai Company, Arla Foods amba, Cowboy Farm Dairy Industries Ltd, Galaktokomio A.D.S. Dafni Ltd., Hadjipieris ltd., Lefkonitziatis Dairy Products Ltd, Nordex Food A/S, Petrou Bros Dairy Products Ltd, High Weld Dairy and Zita Dairies Ltd.
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