Global Halloumi Cheese Market 2019-2023 | Growth in the Global Cheese Market to Boost Demand | Technavio
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Technavio has published a new market research report on the global halloumi cheese market from 2019-2023. (Graphic: Business Wire)
Rise in demand from the fast food industry is one of the major trends being witnessed in the . An increase in the demand for food products from the fast food industry is expected to strengthen the market during the forecast period. Cheese is an important ingredient for many fast-foods such as sandwiches, burgers, hot dogs, and pizzas. The growth in the number of fast food retail chains such as McDonald’s, KFC, Dominos, Pizza Hut, Burger King, Subway, and Dunkin Donuts has increased the demand for halloumi cheese and is further expected to drive the market.
According to Technavio analysts, one of the key factors contributing to the growth of the global halloumi cheese market is the growth in the global cheese market:
Global halloumi cheese market: Growth in the global cheese market
Dairy products such as milk, butter, cheese, yogurt, cream, and ice-cream are the most popular food categories in the global food market among diverse demographics. Thus, the growth in the global milk production will facilitate growth of the global dairy industry. The global cheese market is growing due to the rise in demand from the fast food industry, growing demand for protein-rich products, and growing innovation in the packaging industry which increases the shelf life of cheese. Thus, this growth of the cheese market will strengthen the global halloumi cheese market during the forecast period.
According to a senior analyst at Technavio, “The global food sector is experiencing a significant growth in the demand for protein-rich dairy products such as milk, butter, cheese and yogurt. More and more individuals are visiting gyms or practicing sports to boost their overall health and counter stress. In addition, the increasing incidence of various bone-related diseases such as osteoporosis is driving consumers to take protein-rich diets to secure their health and well-being. All these factors pave the demand for protein-rich products, which will boost the growth of the global halloumi cheese market.”
Global halloumi cheese market: Segmentation analysis
The global halloumi cheese market research report provides market segmentation by distribution channel (supermarkets/hypermarket, convenience stores, others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The EMEA region held the largest share of the market in 2018, accounting for close to 62% share, followed by the APAC, and the Americas respectively. However, during the forecast period, the APAC region is expected to witness the highest incremental growth followed by the Americas.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Technavio Research
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PUB: 11/07/2018 11:05 AM/DISC: 11/07/2018 11:05 AM