According to IMARC Group’s latest report, titled “Paneer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the paneer market trends.
The global paneer market size reached US$ 9.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028. Paneer, or cottage cheese, is a fresh, non-aged, non-fermentative, and non-renneted cheese with a soft spongy texture and sweet acidic flavor. It is usually prepared by adding lemon juice, vinegar, curd, and citric acid in coagulating milk to separate curd, which is drained by pressing cheesecloth. Paneer is enriched with vitamins, calcium, phosphorus, dietary fiber, protein, iron, antioxidants, thiamine, riboflavin, and omega fatty acids that help lower the risk of numerous diseases and maintain a healthy body. Paneer helps to strengthen bones and teeth, maintain blood sugar levels, and improve digestion. It is can be consumed raw or used in grated, sliced, or crumbled forms to prepare semi-dry, savory dry, and gravy dishes.
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Global Paneer Market Trends:
The increasing consumption of various protein-enriched dairy products, such as paneer, and the rising consumer awareness regarding the multiple health benefits associated with their consumption are primarily driving the market growth. Furthermore, the widespread product utilization in the hospitality and food and beverage (F&B) industry as a fundamental ingredient for cooking several exotic and authentic traditional cuisines is favoring the market growth. Moreover, the launch of different varieties of paneer, such as skim milk, protein-enriched, stuffed, fiber-enriched, low-fat, soy, masala, spiced, vegetable-impregnated, and ultrafiltration (UF) variants, is propelling the market growth. Besides this, the changing dietary patterns and the easy product availability across diverse distribution channels at cost-effective prices are contributing to the market growth.
Paneer Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paneer market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amul [Gujarat Cooperative Milk Marketing Federation (GCMMF)]
- Parag Milk Foods Ltd.
- Mother Dairy Fruits & Vegetables Pvt Limited
- Saras (Rajasthan Cooperative Dairy Federation Ltd.)
- VRS Foods Limited.
Key Market Segmentation:
The report has segmented the paneer market on the basis of region.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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