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Publishing News and Press Releases

Global Cheese Market in India Analysis, Recent Trends and Regional Growth Forecast by 2024

 



(Publishing-NewsWire.com, June 20, 2019 ) The latest research report by IMARC Group, titled “Global Cheese Market in India Research Report and Forecast 2019-2024”, finds that the cheese market in India reached a value of INR 31.1 Billion in 2018, growing at a CAGR of more than 25% during 2011-2018. India represents the largest producer of milk in the world due to which milk is readily available as a raw material for cheese production. Cheese consists of several nutrients including proteins, fats, calcium, phosphorous, zinc, minerals, and vitamins A and B12. As a result, it is being promoted by manufacturers as a healthy and high protein snack for both adults and children. With changing consumption patterns, cheese has emerged as one of the most popular dairy products in India and is used in dishes like mashed potatoes, soups, sauces, macaroni and casseroles. Besides this, it is also being added as a taste enhancer in various Indian recipes, such as dosa, parathas and uttapam.

Get a PDF Sample for more detailed market: https://www.imarcgroup.com/cheese-market-in-india/requestsample

Market Trends:

Globalization has led to a rise in the number of fast-food outlets and high-end bakeries in India. Owing to this, an increasing number of people are shifting to new cuisines which include cheese-based dishes. In addition, rising awareness about the health benefits offered by cheese has created a high demand for the product in India. Moreover, manufacturers are developing cheese variants with low fat and salt content to expand their consumer base. For instance, the Gujarat Cooperative Milk Marketing Federation, popularly known as Amul, has launched low-calorie cheese called slim cheese to attract health-conscious consumers. Along with this, Parag Milk Foods has introduced international flavors, such as paprika and jalapeno, in India in order to expand its market operations. Apart from this, many international brands are also entering the Indian cheese market. Looking forward, the market is expected to reach a value of INR 125.4 Billion by 2024, expanding at a CAGR of 26% during 2019-2024.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/cheese-market-in-india

Insights on Market Segmentation:

Market Breakup by Types:

Based on types, processed cheese currently represents the most popular type of cheese in India, accounting for the majority of the overall market share. It is followed by mozzarella, cheddar, Emmental, ricotta and others.

Performance by Format:

1. Slices
2. Diced/Cubes
3. Shredded
4. Blocks
5. Liquid
6. Crème
7. Cheese Spreads

The market has also been classified on the basis of formats into slices, diced/cubes, shredded, blocks, liquid, crème and spreads. Amongst these, cheese slices dominate the market across the region.On the basis of applications, the market has been segregated into pizzas, burgers, sandwiches, wraps, cakes, and others. Pizzas currently represent the largest application segment of cheese in India.

Performance by Retail/Institutional:

1. Retail
2. Institutional

Based on retail and institutional channels, retail sales currently dominate the market. Cheese is supplied to consumers through supermarkets/hypermarkets, department stores, malls and retail shops. On the other hand, the institutional segment consists of hotels, restaurants, and cafeterias in schools, colleges and hospitals.

Performance of Key Regions:

1. Karnataka
2. Maharashtra
2. Tamil Nadu
4. Delhi
5. Gujarat
6. Andhra Pradesh and Telangana
7. Uttar Pradesh
8. West Bengal
9. Kerala
10. Haryana
11. Punjab
12. Rajasthan
13. Madhya Pradesh
14. Bihar
15. Orissa

Region-wise, Maharashtra exhibits a clear dominance in the Indian cheese market. Other regions include Karnataka, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar and Orissa.

Competitive Landscape:

The competitive landscape of the cheese market in India has also been examined with some of the key players being GCMMF, Parag Milk Foods, Britannia and Mother Dairy.

Browse similar reports by IMARC Group:

India Dietary Supplements Market Research Report and Forecast: https://www.imarcgroup.com/india-dietary-supplements-market

India Milkshake Market Research Report and Forecast: https://www.imarcgroup.com/indian-milkshake-market

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.

IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

Source: EmailWire.Com

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