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The global paneer market reached a value of US$ 9.4 Billion in 2022.
According to the estimates by IMARC Group, the global paneer market is expected to exhibit at a CAGR of 7.6% during 2023-2028.
Paneer helps in enhancing metabolism, regulating blood pressure, forming cartilages and increasing immunity. Due to increasing health consciousness and changing dietary patterns, the demand for paneer is escalating worldwide.
The increasing utilization of paneer in western fast-foods and fusion cuisines is acting as one of the major trends in the global paneer market.
Due to the spread of the coronavirus disease (COVID-19), consumer focus has shifted toward nutritious vegetarian food items, such as paneer. However, disruptions in supply chains have resulted in unmet consumer demand.
Leading industry players are Amul [Gujarat Cooperative Milk Marketing Federation (GCMMF)], Parag Milk Foods Ltd., Mother Dairy Fruits & Vegetables Pvt Limited, Saras (Rajasthan Cooperative Dairy Federation Ltd.), and VRS Foods Limited
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