The paneer market in India size reached INR 570.8 Billion in 2023. Looking forward, the market is projected to reach INR 1,848.9 Billion by 2032, exhibiting a growth rate (CAGR) of 13.95% during 2023-2032.
Paneer, also known as Indian cottage cheese, is prepared from curdled hot milk using lime juice, vinegar, and citric acid. It is a non-fermentative and non-melting cheese with a sweet acidic flavor and soft spongy texture. It is high in nutritional value and can be consumed raw, cooked, grated, sliced, and crumbled. It is enriched with calcium, protein, and vitamin D and aids in building stronger bones and teeth, healthy heart muscles, and smooth nerve functioning.
It is also fortified with selenium and potassium that help prevent memory loss and used as a primary ingredient in Indian traditional cuisine and added with other vegetables to prepare savory dry, semi-dry, and gravy delicacies. Besides this, paneer is also used in preparing Indian sweets and snacks, which include nuggets, paneer tikka, dumplings, rasgulla and ras malai.
Apart from this, the increasing number of hotels, cloud kitchens, and quick service restaurants (QSRs) is driving the demand for paneer for preparing various Indian traditional cuisines and salads. Furthermore, changing dietary patterns, shifting consumer inclination towards convenience food due to hectic schedules, and the rising product adoption in the preparation of western foods, such as pizzas, sandwiches, wraps, and burgers, are offering lucrative opportunities to manufacturers.
Additionally, leading manufacturers are focusing on expanding their product portfolio by introducing new varieties of paneer, including fiber-enriched, skim milk, masala, protein-enriched, low-fat, and vegetable impregnated. Moreover, the emerging trend of food vlogging, a rise in culinary tourism in India, social gatherings on special occasions, and advancements in the cold supply chain are some other factors strengthening the growth of the market.
2. What is the expected growth rate of the paneer market in India during 2024-2032?
3. What has been the impact of COVID-19 on the paneer market in India?
4. What are the key factors driving the paneer market in India?
5. What is the breakup of the paneer market in India based on the sector?
6. What are the key regions in the paneer market in India?
7. Who are the key players/companies in the paneer market in India?
Paneer, also known as Indian cottage cheese, is prepared from curdled hot milk using lime juice, vinegar, and citric acid. It is a non-fermentative and non-melting cheese with a sweet acidic flavor and soft spongy texture. It is high in nutritional value and can be consumed raw, cooked, grated, sliced, and crumbled. It is enriched with calcium, protein, and vitamin D and aids in building stronger bones and teeth, healthy heart muscles, and smooth nerve functioning.
It is also fortified with selenium and potassium that help prevent memory loss and used as a primary ingredient in Indian traditional cuisine and added with other vegetables to prepare savory dry, semi-dry, and gravy delicacies. Besides this, paneer is also used in preparing Indian sweets and snacks, which include nuggets, paneer tikka, dumplings, rasgulla and ras malai.
India Paneer Market Trends
At present, the rising prevalence of various bone disorders due to calcium deficiency is catalyzing the demand for paneer and milk-based products in India. Paneer is rich in essential nutrients, which include vitamins B and D, phosphorus, dietary fiber, and omega-3 and omega-6 fatty acids. As a result, individuals are increasingly incorporating paneer into their daily diet. In addition, the rising awareness among health-conscious individuals and fitness enthusiasts about the benefits of consuming a moderate amount of paneer is currently supporting the overall product sales across the country.Apart from this, the increasing number of hotels, cloud kitchens, and quick service restaurants (QSRs) is driving the demand for paneer for preparing various Indian traditional cuisines and salads. Furthermore, changing dietary patterns, shifting consumer inclination towards convenience food due to hectic schedules, and the rising product adoption in the preparation of western foods, such as pizzas, sandwiches, wraps, and burgers, are offering lucrative opportunities to manufacturers.
Additionally, leading manufacturers are focusing on expanding their product portfolio by introducing new varieties of paneer, including fiber-enriched, skim milk, masala, protein-enriched, low-fat, and vegetable impregnated. Moreover, the emerging trend of food vlogging, a rise in culinary tourism in India, social gatherings on special occasions, and advancements in the cold supply chain are some other factors strengthening the growth of the market.
Key Market Segmentation:
This report provides an analysis of the key trends in each segment of the paneer market in India, along with forecasts at the country and state level from 2024-2032. The report has categorized the market based on sector.Sector Insights:
- Retail
- Institutional
Regional Insights:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- Orissa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the India paneer market. Detailed profiles of all major companies have also been provided.Key Questions Answered in This Report
1. What was the size of the paneer market in India in 2023?2. What is the expected growth rate of the paneer market in India during 2024-2032?
3. What has been the impact of COVID-19 on the paneer market in India?
4. What are the key factors driving the paneer market in India?
5. What is the breakup of the paneer market in India based on the sector?
6. What are the key regions in the paneer market in India?
7. Who are the key players/companies in the paneer market in India?
Table of Contents
1 Preface2 Research Methodology3 Executive Summary12 Loans and Financial Assistance14 Key Player Profiles
4 Introduction
5 Indian Dairy Industry
6 Indian Paneer Industry
7 Performance of Key Regions
8 Market Breakup by Sector
9 Competitive Landscape
10 Paneer Manufacturing Process
11 Project Details, Requirements and Costs Involved
13 Project Economics
List of Figures
List of Tables
Companies Mentioned
- GCMMF
- Parag Milk Foods
- Mother Dairy
- Rajasthan Cooperative Dairy Federation Limited
- VRS Foods Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( INR | INR 570.8 Billion |
| Forecasted Market Value ( INR | INR 1840 Billion |
| Compound Annual Growth Rate | 13.9% |
| Regions Covered | India |
| No. of Companies Mentioned | 5 |
