India Paneer Market to Reach INR 1,023.4 Billion by 2027

India Paneer Market

DELHI, INDIA, October 19, 2022 /EINPresswire.com/ — According to IMARC Group’s newest analysis report, titled “India Paneer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The paneer market in India dimension reached INR 420.6 Billion in 2021. Looking ahead, IMARC Group expects the market to attain INR 1,023.4 Billion by 2027, exhibiting a progress fee (CAGR) of 16.2% throughout 2022-2027.

Paneer, or Indian cottage cheese, is a non-fermentative and non-renneted cheese obtained by curdling the milk with an acid reminiscent of lemon juice. It is broadly used as a dairy product in conventional Indian delicacies. It can be utilized with different greens to put together semi-dry, savory dry, and gravy delicacies. The utilization of paneer in varied snacks, reminiscent of pakoras (nuggets) and mishti, and Sandesh (a well-known Bengali candy), can be gaining traction in India. It consists of important diet components, reminiscent of dietary fiber, calcium, phosphorus, vitamin B, vitamin D, omega-3, and omega-6 fatty acids. Paneer aids in conserving a number of illnesses at bay whereas serving to in sustaining a wholesome physique.

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Industry Growth Drivers:

The market in India is primarily pushed by growing purposes of paneer and its product premiumization. In line with this, rising demand for paneer due to ease of availability and accessibility in retail shops and supermarkets is positively influencing the market. Furthermore, rising shopper demand for the totally different types of paneer, reminiscent of skim milk paneer, protein-enriched crammed paneer, crammed paneer, fiber enriched low-fat paneer, masala paneer, spiced paneer, and vegetable impregnated paneer, amongst others, is catalyzing the market. Moreover, widespread utilization of the paneer in weight reduction diets and altering dietary habits are making a constructive outlook for the market. Besides, surging consciousness concerning its excessive dietary worth acts as one other growth-inducing issue. Additionally, the increasing vegetarian inhabitants and the widespread product demand in quick meals are offering a lift to the market.

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Key Market Segmentation:

Key Players:

• GCMMF
• Parag Milk Foods
• Mother Dairy
• Rajasthan Cooperative Dairy Federation Limited
• VRS Foods Limited

Based on the Sector:

• Retail
• Institutional

The report has examined the Indian Paneer Market in 15 main states:

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

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Elena Anderson
IMARC Services Private Limited
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