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The paneer market in India reached a value of INR 365.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 15% during 2021-2026.
Paneer is a non-fermentative, non-renneted and non-melting type of cheese, obtained by acid and heat coagulation of milk. It is considered one of the most extensively consumed dairy product in India. Paneer is used in various combinations with other vegetables and dishes, and form an important ingredient of the Indian traditional cuisine. As a considerable part of population consists of vegetarians, paneer emerges as a viable option. Apart from this, factors such as increasing population, urbanisation rates, improved cold supply chain and growing deep freezer penetration are also influencing the market growth.
The report has examined the Indian Paneer Market in 15 major states:
For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Uttar Pradesh represents the region with highest market share in the country. It is followed by Maharashtra and Rajasthan. The competitive landscape of the Indian paneer market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, Parag Milk Foods, Mother Dairy, Rajasthan Cooperative Dairy Federation Limited and VRS Foods Limited.
The study gives an in-depth analysis of the paneer market landscape in India, covering the current, historical and future trends for paneer production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian paneer market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian paneer industry in any manner.
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