Cheese Market in India to Reach INR 512.1 Billion by 2032, Propelled by the Increasing Number of Quick-Service Restaurants (QSRs)

February 23, 2023 | Food & Beverages

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The latest report by IMARC, titled “Cheese Market in India Report by Type (Processed Cheese, Mozzarella, Cheddar, Emmental, Ricotta, and Others), Format (Slices, Diced/Cubes, Shredded, Blocks, Liquid, Crème, Cheese Spreads), Application (Pizzas, Burgers, Sandwiches, Wraps, Cakes, and Others), Retail/Institutional (Retail, Institutional), and Region 2024-2032”, finds that the India cheese market size reached INR 88.9 Billion in 2023. Cheese refers to a nutritious and palatable milk-derived food product available in a wide range of colors, tastes, textures, and aromas. It is manufactured by coagulating the protein casein found in goat, camel, cow, and buffalo milk. It has emerged as one of the most popular dairy products and has a longer shelf life as compared to milk. It possesses vital nutrients, including fat, protein, calcium, phosphorus, zinc, and riboflavin. The consumption of cheese reduces the risk of developing cancer, osteoporosis, blood pressure, and immunity-related problems. In recent years, cheese has gained traction across India due to its extensive utilization for preparing pasta, pizza, burgers, and numerous other fast-food items.

India Cheese Market Trends:

One of the primary factors driving the market is the increasing number of quick service restaurants (QSRs) across the country. Additionally, the growing awareness among consumers regarding the health benefits associated with cheese and rising adoption of western cuisines across the Indian region is creating a positive market outlook. Other than this, the exponential growth in the food and beverage (F&B) industry is positively influencing the market growth. Besides this, cheese is also widely used in traditional Indian dishes, such as uttapam, dosa, and parathas. In line with this, the rising number of working individuals in confluence with the changing food patterns are propelling the market growth. Furthermore, key players are introducing a wide variety of cheese in the market, such as mozzarella, cheddar, Roquefort, parmesan, and feta. Moreover, producers are investing heavily in marketing campaigns through numerous advertising media, including newspapers, television, and social media platforms to expand their consumer base. Looking forward, IMARC Group expects the market value to reach INR 512.1 Billion by 2032, expanding at a CAGR of 20.9% during the forecast period (2024-2032).

Market Summary:

Based on the type, the market has been divided into processed cheese, mozzarella, cheddar, Emmental, ricotta, and others. Currently, processed cheese holds the dominant share.
On the basis of the format, the market has been segregated into slices, diced/cubes, shredded, blocks, liquid, crème, and cheese spreads. Presently, cheese slices accounts for the majority of the market share.
Based on the application, the market has been segmented into pizzas, burgers, sandwiches, wraps, cakes, and others. Currently, pizza represents the largest application area.
On the basis of the retail/institution, the market has been bifurcated into retail and institutional.
Country-wise, Maharashtra holds the leading position in the cheese market. Other major countries include Karnataka, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa.
The competitive landscape of the market has also been analyzed, along with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Billion, ‘000 Kg
Segment Coverage	Type, Format, Application, Retail/Institutional, State
States Covered	Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, Orissa
Companies Covered	GCMMF, Parag Milk Foods, Britannia and Mother Dairy
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3999 Five User License: US$ 4999 Corporate License: US$ 5999
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Cheese Market in India to Reach INR 512.1 Billion by 2032, Propelled by the Increasing Number of Quick-Service Restaurants (QSRs)

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