Paneer Market 2023 | Price Trends, Demand by Regions, Industry Overview, Latest Insights and Forecast to 2028

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Paneer Market 2023 | Price Trends, Demand by Regions, Industry Overview, Latest Insights and Forecast to 2028

November 22
13:33 2022
Paneer Market 2023 | Price Trends, Demand by Regions, Industry Overview, Latest Insights and Forecast to 2028
The Paneer Market is expected to reach US$ 14.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.

According to IMARC Group’s latest report, titled “Paneer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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 Indian cottage cheese, is a soft unsalted non-fermentative, non-melting, and non-renneted cheese. It is prepared by simmering and curdling milk with various acidic ingredients, including lemon juice, vinegar, and yogurt. It is enriched with vitamins, calcium, phosphorus, fiber, omega-6 fatty acids, and high-quality protein that helps maintain a healthy body and lowers the risk of numerous diseases. As a result, paneer is consumed directly and is used as a popular dairy product to cook several cuisines with other vegetables for the preparation of semi-dry, savory dry, and gravy dishes.

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Global Paneer Market Trends:

The global paneer market is majorly driven by the increasing consumption of various dairy products, owing to their various nutritional benefits. Furthermore, the extensive product uptake in the food and beverage (F&B) sector for the preparation of multiple appetizers, including nuggets, paneer tikka, dumplings, and sweet dishes, is favoring the market growth. Moreover, the launch of multiple paneer product variants, such as skim milk, protein-enriched filled paneer, and fiber-enriched low-fat, spiced, and vegetable-impregnated variations by key players, is propelling the market growth. Additionally, rising fitness consciousness has encouraged individuals to incorporate paneer into their regular diets to build stronger muscles, improve immunity, regulate blood sugar levels, promote weight loss, and enhance digestion and metabolism. Besides this, the shifting preference for easy-to-prepare items consisting of paneer combined with easy product availability and accessibility across online and offline distribution channels at cost-effective rates are supporting 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)


Explore Full Report With TOC & List of Figures:

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.

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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