Dublin, May 20, 2024 (GLOBE NEWSWIRE) -- The "Indian Paneer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The paneer market in India size reached INR 570.8 Billion in 2023. Looking forward, the market is projected to reach INR 1,848.9 Billion by 2032, exhibiting a growth rate (CAGR) of 13.95% during 2023-2032.
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:
This report 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. The report has categorized the market based on sector.
Sector Insights:
- Retail
- Institutional
Regional Insights:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- 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 the following major companies:
- GCMMF
- Parag Milk Foods
- Mother Dairy
- Rajasthan Cooperative Dairy Federation Limited
- VRS Foods Limited
Key Questions Answered in This Report
- What was the size of the paneer market in India in 2023?
- What is the expected growth rate of the paneer market in India during 2024-2032?
- What has been the impact of COVID-19 on the paneer market in India?
- What are the key factors driving the paneer market in India?
- What is the breakup of the paneer market in India based on the sector?
- What are the key regions in the paneer market in India?
- Who are the key players/companies in the paneer market in India?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (INR) in 2023 | INR570.8 Billion |
| Forecasted Market Value (INR) by 2032 | INR1840 Billion |
| Compound Annual Growth Rate | 13.9% |
| Regions Covered | India |
Key Topics Covered:
1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction
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
6.3 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
6.9 Value Chain Analysis
6.10 Porter's Five Forces Analysis
6.11 Key Success Factors and Risk Factors
7 Performance of Key Regions
7.1 Karnataka
7.2 Maharashtra
7.3 Tamil Nadu
7.4 Delhi
7.5 Gujarat
7.6 Andhra Pradesh and Telangana
7.7 Uttar Pradesh
7.8 West Bengal
7.9 Kerala
7.10 Haryana
7.11 Punjab
7.12 Rajasthan
7.13 Madhya Pradesh
7.14 Bihar
7.15 Orissa
8 Market Breakup by Sector
8.1 Retail Sector
8.2 Institutional Sector
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
- GCMMF
- Parag Milk Foods
- Mother Dairy
- Rajasthan Cooperative Dairy Federation Limited
- VRS Foods Limited
For more information about this report visit https://www.researchandmarkets.com/r/7a5f14
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