Global Paneer Market Catalysed by its Health Benefits and Diverse Applications

The global paneer market witnessed an excellent growth in recent years. paneer is one of the most consumed dairy item in the South-Asian region, which is used in various dishes and snack foods. Some of the major factors which are responsible for its market growth include increasing population, rising disposable incomes, urbanisation, health benefits, etc.

The latest report by IMARC Group titled, “Paneer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global paneer market reached a value of around US$ 8 Billion in 2017, growing at a CAGR of around 16% during  2010-2017. Paneer serves as a typical household food item in the South-Asian region, which is used in a variety of dishes and snack foods. It is combined with vegetables such as potatoes, peas, spinach, capsicum, mushroom, etc. in different ways, such as dry curry, or with gravy. Some of the factors which have provided thrust to this market include increasing population, rising disposable incomes, improving standards of living, expanding channels of distribution, etc.

Highlights of the global paneer market:

  • The market is driven by the nutritional elements and health benefits of paneer.
  • Asia represents the largest market for paneer
  • The market is expected to reach a value of around US$ 18 Billion by 2023.

Another factor which has highly contributed in influencing the growth of the market is the presence of nutrition elements inherent in paneer. It is a rich source of proteins, thiamin, potassium, vitamin B12, riboflavin, calcium, pantothenic acid, phosphorus, magnesium, zinc, selenium, etc. As a result of this, it assists in providing several health benefits to the body such as strong bones which help in avoiding osteoporosis, rheumatoid arthritis and skeletal deformation; reduces risk of heart diseases and type-2 diabetes; controls blood pressure, strengthens immune system; and improves metabolism and the formation of cartilages. This has been a major driving force in providing momentum to the market growth among a health-conscious consumer-base. Further, the market is expected to reach a value of nearly US$ 18 Billion by 2023.

Global Paneer Market News 2018

The market has been segmented on a regional basis where Asia accounts for the majority of the share, followed by other regions. An evaluation of the competitive landscape provides the details of the major players operative in the market. Some of the key players are Amul, Parag Milks Foods, Mother Dairy and Verka.

The report has examined the global paneer market on the basis of:

Key Regions:

  • Asia
  • Others

Key Players:

  • Amul
  • Parag Milks Foods
  • Mother Dairy
  • Verka

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