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Halloumi Cheese Market Size To Reach $888.6 Million By 2028 Owing To Shifting Consumer Preference From Meat To Halloumi Cheese Due To Superior Taste And Higher Nutritional Value | Million Insights
Increasing cross-cultural collaboration due to frequent travel couple with growing dining-out culture due to the increasing disposable income is driving the growth. Halloumi cheese is also considered a substitute for meat for vegetarians as a source of high protein. Thus, all these factors are expected to drive the growth of the market.
The organic segment contributed to the second-highest share in the global revenue in 2020 and is expected to expand at the highest CAGR of 6.7% over the forecast period. These products are superior in taste and have a higher nutritional value than conventional cheese. Organic halloumi cheese also increases the chances of the body absorbing any chemicals and toxins.
Asia Pacific held a revenue share of 24.5% in 2020. Increasing young population coupled with rising disposable income in countries such as China and India are the factors projected to drive the regional product demand. Increasing consumption and shifting consumer preference from meat to halloumi cheese to meet the protein requirement are other factors expected to drive the market growth. Moreover, the easy availability due to modern retail facilities and cold chain logistics is further expected to drive the industry growth.
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https://www.millioninsights.com/industry-reports/global-halloumi-cheese-market
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