The paneer market in India size reached INR 494 Billion in2022. Looking forward, the analyst expects the market to reach INR 1,173 Billion by 2028, exhibiting a CAGR of 15.5% during 2022-2028.
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.
2. What is the expected growth rate of the paneer market in India during 2023-2028?
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?
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:
- The analyst 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 2023-2028. Our 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
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 2022?2. What is the expected growth rate of the paneer market in India during 2023-2028?
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
1 Preface2 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
List of Figures
Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2017-2022
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2022
Figure 4: India: Total Milk Production (in Million Metric Tons), 2017-18 & 2022-23
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2017-18 & 2022-23
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2023-24 & 2028-29
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2023-24 & 2028-29
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast: Value Trends (in Billion INR), 2023-2028
Figure 10: India: Paneer Industry Overview
Figure 11: India: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 12: India: Paneer Market: Value Trends (in Billion INR), 2017-2022
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Kg), 2017-2022
Figure 14: India: Paneer Market: Retail Price Trends (in INR/Kg), 2017-2022
Figure 15: India: Paneer Market: Breakup by Region (in %), 2022
Figure 16: India: Paneer Market: Breakup by Sector (in %), 2022
Figure 17: India: Paneer Market Forecast: Volume Trends (in Million Kg), 2017-2022
Figure 18: India: Paneer Market Forecast: Value Trends (in Billion INR), 2017-2022
Figure 19: India: Paneer Industry: SWOT Analysis
Figure 20: India: Paneer Industry: Value Chain Analysis
Figure 21: India: Paneer Industry: Porter's Five Forces Analysis
Figure 22: Karnataka: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 23: Karnataka: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 24: Karnataka: Paneer Market: Breakup of Key Players (in %), 2022
Figure 25: Karnataka: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 26: Karnataka: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 27: Maharashtra: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 28: Maharashtra: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 29: Maharashtra: Paneer Market: Breakup of Key Players (in %), 2022
Figure 30: Maharashtra: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 31: Maharashtra: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 32: Tamil Nadu: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 33: Tamil Nadu: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 34: Tamil Nadu: Paneer Market: Breakup of Key Players (in %), 2022
Figure 35: Tamil Nadu: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 36: Tamil Nadu: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 37: Delhi: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 38: Delhi: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 39: Delhi: Paneer Market: Breakup of Key Players (in %), 2022
Figure 40: Delhi: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 41: Delhi: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 42: Gujarat: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 43: Gujarat: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 44: Gujarat: Paneer Market: Breakup of Key Players (in %), 2022
Figure 45: Gujarat: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 46: Gujarat: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 47: Andhra Pradesh and Telangana: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 48: Andhra Pradesh and Telangana: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 49: Andhra Pradesh and Telangana: Paneer Market: Breakup of Key Players (in %), 2022
Figure 50: Andhra Pradesh and Telangana: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 51: Andhra Pradesh and Telangana: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 52: Uttar Pradesh: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 53: Uttar Pradesh: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 54: Uttar Pradesh: Paneer Market: Breakup of Key Players (in %), 2022
Figure 55: Uttar Pradesh: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 56: Uttar Pradesh: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 57: West Bengal: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 58: West Bengal: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 59: West Bengal: Paneer Market: Breakup of Key Players (in %), 2022
Figure 60: West Bengal: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 61: West Bengal: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 62: Kerala: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 63: Kerala: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 64: Kerala: Paneer Market: Breakup of Key Players (in %), 2022
Figure 65: Kerala: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 66: Kerala: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 67: Haryana: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 68: Haryana: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 69: Haryana: Paneer Market: Breakup of Key Players (in %), 2022
Figure 70: Haryana: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 71: Haryana: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 72: Punjab: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 73: Punjab: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 74: Punjab: Paneer Market: Breakup of Key Players (in %), 2022
Figure 75: Punjab: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 76: Punjab: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 77: Rajasthan: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 78: Rajasthan: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 79: Rajasthan: Paneer Market: Breakup of Key Players (in %), 2022
Figure 80: Rajasthan: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 81: Rajasthan: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 82: Madhya Pradesh: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 83: Madhya Pradesh: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 84: Madhya Pradesh: Paneer Market: Breakup of Key Players (in %), 2022
Figure 85: Madhya Pradesh: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 86: Madhya Pradesh: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 87: Bihar: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 88: Bihar: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 89: Bihar: Paneer Market: Breakup of Key Players (in %), 2022
Figure 90: Bihar: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 91: Bihar: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 92: Orissa: Paneer Market: Volume Trends (in Million Kg), 2017-2022
Figure 93: Orissa: Paneer Market: Value Trends (in Million INR), 2017-2022
Figure 94: Orissa: Paneer Market: Breakup of Key Players (in %), 2022
Figure 95: Orissa: Paneer Market Forecast: Volume Trends (in Million Kg), 2023-2028
Figure 96: Orissa: Paneer Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 97: India: Paneer Market: Retail Sector (in Million Kg), 2017 & 2022
Figure 98: India: Paneer Market Forecast: Retail Sector (in Million Kg), 2023-2028
Figure 99: India: Paneer Market: Institutional Sector (in Million Kg), 2017 & 2022
Figure 100: India: Paneer Market Forecast: Institutional Sector (in Million Kg), 2023-2028
Figure 101: India: Paneer Market: Breakup by Key Players (in %), 2022
Figure 102: Paneer Manufacturing Plant: Detailed Process Flow
Figure 103: Paneer Manufacturing Process: Conversion Rate of Feedstocks
Figure 104: Paneer Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 105: Paneer Industry: Profit Margins at Various Levels of the Supply Chain
Figure 106: Paneer Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: India: Dairy Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Milk Production Breakup by State, 2017-18 & 2022-23
Table 3: India: Milk Production Breakup by Cattle, 2017-18 & 2022-23
Table 4: India: Paneer Market: Key Industry Highlights, 2022 and 2028
Table 5: India: Paneer Market Forecast: Breakup by Region, 2023-2028
Table 6: India: Paneer Market Forecast: Breakup by Sector, 2023-2028
Table 7: Paneer Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 8: Paneer Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 9: Paneer Manufacturing Plant: Costs Related to Machinery (in INR)
Table 10: Paneer Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (INR/Ton)
Table 11: Paneer Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 12: Paneer Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: Paneer Manufacturing Plant: Capital Costs (in INR)
Table 15: Paneer Manufacturing Plant: Techno-Economic Parameters
Table 16: Paneer Manufacturing Plant: Taxation and Depreciation (in INR)
Table 17: Paneer Manufacturing Plant: Income Projections (in INR)
Table 18: Paneer Manufacturing Plant: Expenditure Projections (in INR)
Table 19: Paneer Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 20: Paneer Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 21: Paneer Manufacturing Plant: Profit and Loss Account
Companies Mentioned
- GCMMF
- Parag Milk Foods
- Mother Dairy
- Rajasthan Cooperative Dairy Federation Limited
- VRS Foods Limited
Methodology
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