The latest report by IMARC Group titled, “Indian Cheese (Paneer) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global Indian cheese market reached a value of around US$ 7 Billion in 2016, growing at a CAGR of nearly 17% 2009-2016. Indian cheese serves as a typical household food item in the South-Asian region, which is used in a variety of dishes and snack foods. It is combined with vegetables such as potatoes, peas, spinach, capsicum, mushroom, etc. in different ways, such as dry curry, or with gravy. Some of the factors which have provided thrust to this market include increasing population, rising disposable incomes, improving standards of living, expanding channels of distribution, etc.
Highlights of the global Indian cheese (paneer) market:
- The market is driven by the nutritional elements and health benefits of Indian cheese.
- Asia represents the largest market for Indian cheese.
- The market is expected to reach a value of around US$ 15 Billion by 2022.
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Another factor which has highly contributed in influencing the growth of the market is the presence of nutrition elements inherent in the Indian cheese. It is a rich source of proteins, thiamin, potassium, vitamin B12, riboflavin, calcium, pantothenic acid, phosphorus, magnesium, zinc, selenium, etc. As a result of this, it assists in providing several health benefits to the body such as strong bones which help in avoiding osteoporosis, rheumatoid arthritis and skeletal deformation; reduces risk of heart diseases and type-2 diabetes; controls blood pressure, strengthens immune system; and improves metabolism and the formation of cartilages. This has been a major driving force in providing momentum to the market growth among a health-conscious consumer-base. Further, the market is expected to reach a value of nearly US$ 15 Billion by 2022.
The market has been segmented on a regional basis where Asia accounts for the majority of the share, followed by other regions. An evaluation of the competitive landscape provides the details of the major players operative in the market. Some of the key players are Amul, Parag Milks Foods, Mother Dairy and Verka.
To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/indian-cheese-market
The report has examined the global Indian cheese (paneer) market on the basis of:
- Parag Milks Foods
- Mother Dairy
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