Paneer Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
Description
Paneer Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
The paneer market in India size reached INR 570.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 1,848.9 Billion by 2032, exhibiting a growth rate (CAGR) of 13.5% during 2024-2032.
Paneer, also known as Indian cottage cheese, is prepared from curdled hot milk using lime juice, vinegar, and citric acid. It is a non-fermentative and non-melting cheese with a sweet acidic flavor and soft spongy texture. It is high in nutritional value and can be consumed raw, cooked, grated, sliced, and crumbled. It is enriched with calcium, protein, and vitamin D and aids in building stronger bones and teeth, healthy heart muscles, and smooth nerve functioning. It is also fortified with selenium and potassium that help prevent memory loss and used as a primary ingredient in Indian traditional cuisine and added with other vegetables to prepare savory dry, semi-dry, and gravy delicacies. Besides this, paneer is also used in preparing Indian sweets and snacks, which include nuggets, paneer tikka, dumplings, rasgulla and ras malai.
India Paneer Market Trends:
At present, the rising prevalence of various bone disorders due to calcium deficiency is catalyzing the demand for paneer and milk-based products in India. Paneer is rich in essential nutrients, which include vitamins B and D, phosphorus, dietary fiber, and omega-3 and omega-6 fatty acids. As a result, individuals are increasingly incorporating paneer into their daily diet. In addition, the rising awareness among health-conscious individuals and fitness enthusiasts about the benefits of consuming a moderate amount of paneer is currently supporting the overall product sales across the country. Apart from this, the increasing number of hotels, cloud kitchens, and quick service restaurants (QSRs) is driving the demand for paneer for preparing various Indian traditional cuisines and salads. Furthermore, changing dietary patterns, shifting consumer inclination towards convenience food due to hectic schedules, and the rising product adoption in the preparation of western foods, such as pizzas, sandwiches, wraps, and burgers, are offering lucrative opportunities to manufacturers. Additionally, leading manufacturers are focusing on expanding their product portfolio by introducing new varieties of paneer, including fiber-enriched, skim milk, masala, protein-enriched, low-fat, and vegetable impregnated. Moreover, the emerging trend of food vlogging, a rise in culinary tourism in India, social gatherings on special occasions, and advancements in the cold supply chain are some other factors strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the paneer market in India, along with forecasts at the country and state level from 2024-2032. Our report has categorized the market based on sector.
Sector Insights:
Retail
Institutional
The report has provided a detailed breakup and analysis of the paneer market in India based on the sector. This includes retail and institutional. According to the report, the retail sector represented the largest segment.
Regional Insights:
Karnataka
Maharashtra
Tamil Nadu
Delhi
Gujarat
Andhra Pradesh and Telangana
Uttar Pradesh
West Bengal
Kerala
Haryana
Punjab
Rajasthan
Madhya Pradesh
Bihar
Orissa
The report has also provided a comprehensive analysis of all the major regional markets that include Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa. According to the report, Uttar Pradesh was the largest market for paneer in India. Some of the factors driving the Uttar Pradesh paneer market included the presence of paneer manufacturers and suppliers in the state, rising investments in establishing milk processing plants, and various initiatives undertaken by the state government to promote the dairy industry.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the India paneer market. Detailed profiles of all major companies have also been provided.
Key Questions Answered in This Report
1. What was the size of the paneer market in India in 2023?
2. What is the expected growth rate of the paneer market in India during 2024-2032?
3. What has been the impact of COVID-19 on the paneer market in India?
4. What are the key factors driving the paneer market in India?
5. What is the breakup of the paneer market in India based on the sector?
6. What are the key regions in the paneer market in India?
7. Who are the key players/companies in the paneer market in India?
Table of Contents
137 Pages
- 1 Preface
- 2 Research Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Indian Dairy Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market by Organised and Unorganised Segment
- 5.4 Milk Production and Consumption Trends
- 5.4.1 Current and Historical Trends
- 5.4.2 Production and Consumption Forecast
- 5.5 Milk Production by State
- 5.6 Milk Production by Cattle
- 5.7 Milk Utilization Patterns in India
- 5.8 Market Forecast
- 6 Indian Paneer Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Trends
- 6.4.1 Milk Procurement Price Trends
- 6.4.2 Paneer Price Trends
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Sector
- 6.7 Market Forecast
- 6.8 SWOT Analysis
- 6.8.1 Overview
- 6.8.2 Strengths
- 6.8.3 Weaknesses
- 6.8.4 Opportunities
- 6.8.5 Threats
- 6.9 Value Chain Analysis
- 6.10 Porter’s Five Forces Analysis
- 6.10.1 Overview
- 6.10.2 Bargaining Power of Buyers
- 6.10.3 Bargaining Power of Suppliers
- 6.10.4 Degree of Competition
- 6.10.5 Threat of New Entrants
- 6.10.6 Threat of Substitutes
- 6.11 Key Success Factors and Risk Factors
- 7 Performance of Key Regions
- 7.1 Karnataka
- 7.1.1 Market Performance
- 7.1.1.1 Volume Trends
- 7.1.1.2 Value Trends
- 7.1.2 Competitive Landscape
- 7.1.3 Market Forecast
- 7.1.3.1 Volume Trends
- 7.1.3.2 Value Trends
- 7.2 Maharashtra
- 7.2.1 Market Performance
- 7.2.1.1 Volume Trends
- 7.2.1.2 Value Trends
- 7.2.2 Competitive Landscape
- 7.2.3 Market Forecast
- 7.2.3.1 Volume Trends
- 7.2.3.2 Value Trends
- 7.3 Tamil Nadu
- 7.3.1 Market Performance
- 7.3.1.1 Volume Trends
- 7.3.1.2 Value Trends
- 7.3.2 Competitive Landscape
- 7.3.3 Market Forecast
- 7.3.3.1 Volume Trends
- 7.3.3.2 Value Trends
- 7.4 Delhi
- 7.4.1 Market Performance
- 7.4.1.1 Volume Trends
- 7.4.1.2 Value Trends
- 7.4.2 Competitive Landscape
- 7.4.3 Market Forecast
- 7.4.3.1 Volume Trends
- 7.4.3.2 Value Trends
- 7.5 Gujarat
- 7.5.1 Market Performance
- 7.5.1.1 Volume Trends
- 7.5.1.2 Value Trends
- 7.5.2 Competitive Landscape
- 7.5.3 Market Forecast
- 7.5.3.1 Volume Trends
- 7.5.3.2 Value Trends
- 7.6 Andhra Pradesh and Telangana
- 7.6.1 Market Performance
- 7.6.1.1 Volume Trends
- 7.6.1.2 Value Trends
- 7.6.2 Competitive Landscape
- 7.6.3 Market Forecast
- 7.6.3.1 Volume Trends
- 7.6.3.2 Value Trends
- 7.7 Uttar Pradesh
- 7.7.1 Market Performance
- 7.7.1.1 Volume Trends
- 7.7.1.2 Value Trends
- 7.7.2 Competitive Landscape
- 7.7.3 Market Forecast
- 7.7.3.1 Volume Trends
- 7.7.3.2 Value Trends
- 7.8 West Bengal
- 7.8.1 Market Performance
- 7.8.1.1 Volume Trends
- 7.8.1.2 Value Trends
- 7.8.2 Competitive Landscape
- 7.8.3 Market Forecast
- 7.8.3.1 Volume Trends
- 7.8.3.2 Value Trends
- 7.9 Kerala
- 7.9.1 Market Performance
- 7.9.1.1 Volume Trends
- 7.9.1.2 Value Trends
- 7.9.2 Competitive Landscape
- 7.9.3 Market Forecast
- 7.9.3.1 Volume Trends
- 7.9.3.2 Value Trends
- 7.10 Haryana
- 7.10.1 Market Performance
- 7.10.1.1 Volume Trends
- 7.10.1.2 Value Trends
- 7.10.2 Competitive Landscape
- 7.10.3 Market Forecast
- 7.10.3.1 Volume Trends
- 7.10.3.2 Value Trends
- 7.11 Punjab
- 7.11.1 Market Performance
- 7.11.1.1 Volume Trends
- 7.11.1.2 Value Trends
- 7.11.2 Competitive Landscape
- 7.11.3 Market Forecast
- 7.11.3.1 Volume Trends
- 7.11.3.2 Value Trends
- 7.12 Rajasthan
- 7.12.1 Market Performance
- 7.12.1.1 Volume Trends
- 7.12.1.2 Value Trends
- 7.12.2 Competitive Landscape
- 7.12.3 Market Forecast
- 7.12.3.1 Volume Trends
- 7.12.3.2 Value Trends
- 7.13 Madhya Pradesh
- 7.13.1 Market Performance
- 7.13.1.1 Volume Trends
- 7.13.1.2 Value Trends
- 7.13.2 Competitive Landscape
- 7.13.3 Market Forecast
- 7.13.3.1 Volume Trends
- 7.13.3.2 Value Trends
- 7.14 Bihar
- 7.14.1 Market Performance
- 7.14.1.1 Volume Trends
- 7.14.1.2 Value Trends
- 7.14.2 Competitive Landscape
- 7.14.3 Market Forecast
- 7.14.3.1 Volume Trends
- 7.14.3.2 Value Trends
- 7.15 Orissa
- 7.15.1 Market Performance
- 7.15.1.1 Volume Trends
- 7.15.1.2 Value Trends
- 7.15.2 Competitive Landscape
- 7.15.3 Market Forecast
- 7.15.3.1 Volume Trends
- 7.15.3.2 Value Trends
- 8 Market Breakup by Sector
- 8.1 Retail Sector
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Institutional Sector
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Competitive Landscape
- 9.1 Competitive Structure
- 9.2 Market Share of Key Players
- 10 Paneer Manufacturing Process
- 10.1 Product Overview
- 10.2 Detailed Process Flow
- 10.3 Various Types of Unit Operations Involved
- 10.4 Mass Balance and Raw Material Requirements
- 11 Project Details, Requirements and Costs Involved
- 11.1 Land Requirements and Expenditures
- 11.2 Construction Requirements and Expenditures
- 11.3 Plant Machinery
- 11.4 Machinery Pictures
- 11.5 Raw Material Requirements and Expenditures
- 11.6 Raw Material and Final Product Pictures
- 11.7 Packaging Requirements and Expenditures
- 11.8 Transportation Requirements and Expenditures
- 11.9 Utility Requirements and Expenditures
- 11.10 Manpower Requirements and Expenditures
- 11.11 Other Capital Investments
- 12 Loans and Financial Assistance
- 13 Project Economics
- 13.1 Capital Cost of the Project
- 13.2 Techno-Economic Parameters
- 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 13.4 Taxation and Depreciation
- 13.5 Income Projections
- 13.6 Expenditure Projections
- 13.7 Financial Analysis
- 13.8 Profit Analysis
- 14 Key Player Profiles
Pricing
Currency Rates
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