Paneer Market in India 2023-2028: Industry Size, Growth Rate (CAGR 15.7%), Top Brands and Forecast

IMARC Group’s latest report, titled “Paneer Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the paneer market size in India reached a value of INR 494 Billion in 2022. Looking forward, IMARC Group expects the market value to reach INR 1,173 Billion by 2028, expanding at a CAGR of 15.7% during 2023-2028. 

Paneer Market in India Overview:

Paneer, or Indian cottage cheese, is a non-fermentative, non-renneted, and non-melting dairy product characterized by a sweet acidic flavor and soft spongy texture. It is generally made by coagulating milk with fruit- or vegetable-derived acids, such as lime juice, vinegar, and citric acid. It forms a crucial ingredient in Indian traditional cuisine and is widely used in combination with other vegetables to prepare savory dry, semi-dry, and gravy delicacies. It is also utilized to make various sweets and snacks, including nuggets, paneer tikka, dumplings, rasgulla, and ras malai. Since it has an excellent nutritional profile and can be consumed raw, cooked, grated, sliced, and crumbled, paneer has gained immense popularity across the country.

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Paneer Market in India Trends:

Paneer is rich in essential nutrients, such as dietary fiber, calcium, protein, phosphorus, vitamins D and B, and omega-3 and omega-6 fatty acids. As a result, the growing health consciousness among individuals and the rising number of fitness enthusiasts represent the primary factors driving the market in India. Moreover, the surging incidences of bone disorders due to calcium deficiency have accelerated the adoption of milk-based products, such as paneer. Additionally, there is a rise in the demand for paneer for preparing various Indian traditional cuisines and salads owing to the surging number of hotels, cloud kitchens, and quick service restaurants (QSRs) across the country. In line with this, the increasing incorporation of paneer in western foods, including pizzas, sandwiches, wraps, and burgers, is contributing to product sales. 

Furthermore, several key players are launching innovative product variants, such as fiber-enriched, skim milk, masala, protein-enriched, low-fat, filled, ultrafiltration (UF), and vegetable-impregnated paneer, to expand their product portfolio and customer base. Along with this, recent advancements in the cold supply chain and the emerging trend of culinary tourism have propelled market growth. Other factors, including the fusion of inter-regional tastes and cuisines, changing consumer dietary patterns, escalating demand for convenience foods, rising penetration of online retail channels, and product premiumization, are also providing a positive impact on the market growth.

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Key Market Segmentation:

Sector Insights:

  • Retail
  • Institutional

Paneer Manufacturing Process:

  • Product Overview
  • Detailed Process Flow
  • Various Types of Unit Operations Involved
  • Mass Balance and Raw Material Requirements

Project Details, Requirements and Costs Involved:

  • Land Requirements and Expenditures
  • Construction Requirements and Expenditures
  • Plant Machinery
  • Machinery Pictures
  • Raw Material Requirements and Expenditures
  • Raw Material and Final Product Pictures
  • Packaging Requirements and Expenditures
  • Transportation Requirements and Expenditures
  • Utility Requirements and Expenditures
  • Manpower Requirements and Expenditures
  • Other Capital Investments

Project Economics:

  • Capital Cost of the Project
  • Techno-Economic Parameters
  • Product Pricing and Margins Across Various Levels of the Supply Chain
  • Taxation and Depreciation
  • Income Projections
  • Expenditure Projections
  • Financial Analysis
  • Profit Analysis

Regional Insights:

  • Karnataka
  • Maharashtra
  • Tamil Nadu
  • Delhi
  • Gujarat
  • Andhra Pradesh and Telangana
  • Uttar Pradesh
  • West Bengal
  • Kerala
  • Haryana
  • Punjab
  • Rajasthan
  • Madhya Pradesh
  • Bihar
  • Orissa

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.

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About Us

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.

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