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. A recently released report by IMARC Group, titled “Paneer Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, critically examines the Indian paneer market. The report finds that the market reached a value of around INR XX Billion in 2017, exhibiting a CAGR of 13.5% during 2010-2017. 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. According to the report, the market is further expected to reach a value of nearly INR XXX Billion by 2023, growing at a CAGR of XX% during 2018-2023.
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 largest market, accounting for nearly XX% of the total share. 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 market in any manner.
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