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.
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:
- Parag Milks Foods
- Mother Dairy
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.
Follow us on twitter: @imarcglobal