Paneer Market in India to Reach INR 1,848.9 Billion by 2032, Stimulated by Growing Health Consciousness Among Individuals

March 09, 2023 | Food & Beverages

IMARC Group’s latest report, titled “Paneer Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the paneer market in India reached a value of INR 570.8 Billion in 2023. Paneer, or Indian cottage cheese, is a non-fermentative, non-renneted, and non-melting dairy product characterized by a sweet acidic flavor and soft spongy texture. It is generally made by coagulating milk with fruit- or vegetable-derived acids, such as lime juice, vinegar, and citric acid. It forms a crucial ingredient in Indian traditional cuisine and is widely used in combination with other vegetables to prepare savory dry, semi-dry, and gravy delicacies. It is also utilized to make various sweets and snacks, including nuggets, paneer tikka, dumplings, rasgulla, and ras malai. Since it has an excellent nutritional profile and can be consumed raw, cooked, grated, sliced, and crumbled, paneer has gained immense popularity across the country.

Paneer Market in India Trends:

Paneer is rich in essential nutrients, such as dietary fiber, calcium, protein, phosphorus, vitamins D and B, and omega-3 and omega-6 fatty acids. As a result, the growing health consciousness among individuals and the rising number of fitness enthusiasts represent the primary factors driving the market in India. Moreover, the surging incidences of bone disorders due to calcium deficiency have accelerated the adoption of milk-based products, such as paneer. Additionally, there is a rise in the demand for paneer for preparing various Indian traditional cuisines and salads owing to the surging number of hotels, cloud kitchens, and quick service restaurants (QSRs) across the country. In line with this, the increasing incorporation of paneer in western foods, including pizzas, sandwiches, wraps, and burgers, is contributing to product sales. Furthermore, several key players are launching innovative product variants, such as fiber-enriched, skim milk, masala, protein-enriched, low-fat, filled, ultrafiltration (UF), and vegetable-impregnated paneer, to expand their product portfolio and customer base. Along with this, recent advancements in the cold supply chain and the emerging trend of culinary tourism have propelled market growth. Other factors, including the fusion of inter-regional tastes and cuisines, changing consumer dietary patterns, escalating demand for convenience foods, rising penetration of online retail channels, and product premiumization, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market value to reach INR 1,848.9 Billion by 2032, expanding at a CAGR of 13.5% during 2024-2032. 

Market Summary:

  • Based on the sector, the market has been bifurcated into retail and institutional sectors. Currently, the retail sector dominates the market. 
  • Region-wise, Uttar Pradesh holds the leading position in the market. Other major regions include Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa.
  • The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry. 

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Billion, Million Kg
Segment Coverage Sector, State
States Covered Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, Orissa
Companies Covered GCMMF, Parag Milk Foods, Mother Dairy, Rajasthan Cooperative Dairy Federation Limited, and VRS Foods Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3999
Five User License: US$ 4999
Corporate License: US$ 5999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N A
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Paneer Market in India to Reach INR 1,848.9 Billion by 2032, Stimulated by Growing Health Consciousness Among Individuals
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More