In terms of revenue, the global halloumi cheese market is projected to expand at a CAGR of over 12% during the forecast period, owing to numerous factors, which is offered thorough insights and forecasts in this report.
As per the FAO Dairy market review, March 2019, the demand for varietal cheese has been increasing in the recent years. Halloumi cheese, one of the specialty cheeses in the market, has increasingly become popular in the past decade.
The demand for halloumi cheese is high globally but the current lot of manufacturers have been facing difficulties catering to this demand for halloumi cheese. Pittas Dairy, one of the four major producers of halloumi cheese, has ceased operation from January, 2019. The Pittas Dairy factory was reported to be completely destroyed due to a fire. The shutdown of Pittas Dairy has increased the pressure on current manufacturers to ramp up production in order to meet the growing demands of consumers. Despite this current gap between the supply and demand, the new and emerging players who are eyeing the halloumi cheese market as a profitable revenue pocket will have an abundant consumer base to cater to, in the coming years.
SHORTAGE OF HALLOUMI CHEESE DUE TO LIMITED PRODUCTION CAPACITIES
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