India Cheese Market 2023-2030

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    INDIA CHEESE MARKET

     

    INTRODUCTION

    By international standards, the cheese industry in India is a new one, but it’s growing quickly. International dairy companies can discover a lucrative market in India that provides strong growth in cheese sales, but indigenous players are also developing sizable enterprises and may reap some benefits.

     

    This market is still in its infancy, limited in product diversity in sales and dominated primarily by processed versions of mozzarella- and cheddar-style cheese.

     

    INDIA CHEESE MARKET SIZE AND FORECAST

    infographic: India Cheese Market, India Cheese Market Size, India Cheese Market Trends, India Cheese Market Forecast, India Cheese Market Risks, India Cheese Market Report, India Cheese Market Share

    The India cheese market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

     

    MARKET DYNAMICS

    Manufacturers are releasing a variety of cheese products with different flavours, such as oregano pickle, pepper, garlic, and red chilli flakes.

     

    The consumption of cheese as a stand-alone product, which is viewed as rare and an upscale option, is one area where sales are still low, though. While People occasionally consume cheese for health reasons in western societies.

     

    Selling cheese as a component for home-cooked foods rather than as a stand-alone chilled product is simpler because prepared food is typically a part of every meal in India.

     

    But the percentage of vegetarian Indians is a beneficial cultural aspect for cheese makers. According to several surveys, including the most recent census, 30% of people identify as vegetarians.

     

    International competitors eyeing the market should keep in mind that Indian cheese is typically prepared from a variety of milk sources, including both cows and buffalos.

     

    Another distinction, which could be even another barrier for imported goods, is that Indian producers utilise vegetarian rennet, whereas rennet derived from calf intestine is used everywhere else.

     

    Vallombrosa Cheese is a minor Indian company that sells cheese with a large amount of buffalo milk in it.

     

    NEW PRODUCT LAUNCH

    German “Almette” cheese will be introduced by Parag Milk Foods in India. To import and market Hochland’s Almette cream cheese brand in India, which will be co-branded as “Go Almette,” Parag Milk Foods has partnered with the German cheese manufacturer.

     

    They are expanding their line of consumer health and nutrition-based products with the introduction of Go Almette in the nation. They are starting a new partnership with Hochland Group with this co-branding.

     

    There are now two Go Almette variations available: the original and fine Herbs. Additional variants will soon be released in an effort to appeal to more customer palates.Soon, the business will broaden its selection of goods with a focus on food items that are healthy and nutritious for Indian consumers.

     

    They anticipate a beneficial partnership with Go Almette, which will present them with a number of opportunities to launch new goods and improve Parag Milk Foods’ position in the Indian market.

     

    The product would be introduced by Parag Foods in a few of the nation’s biggest metropolises, beginning with Mumbai, before being made available in further tier II cities, the company stated.The business intends to collaborate with significant e-commerce platforms in addition to offline and digital advertising.

     

    RECENT PARTNERSHIPS

    The cooperation between Britannia and Bel was announced earlier this week with the goal of providing a variety of cheese products to the Indian market. As part of the agreement, Bel will purchase a 49% investment in Britannia’s fully-owned subsidiary Britannia Dairy Pvt. Ltd.

     

    The joint venture company will then change its name to Britannia Bel Foods Pvt. Ltd.In order to take advantage of the modest but expanding cheese market in India, the company will produce and market co-branded goods under the “Britannia” and “The Laughing Cow” trademarks.

     

    With a wide selection of goods, the alliance will work to expand the cheese industry in India. Laughing Cow, Kiri, Babybel, and Boursin are just a few of the cheese brands that Bel offers worldwide.

     

    Approximately 50% of their dairy portfolio is made up of cheese, which is the focus of this JV. To succeed, you must increase this cheese portfolio five times in five years. Ten cheese sachets of the Laughing Cow brand have been introduced by the company, and in the upcoming months it plans to broaden its appeal throughout the nation.They have gone above and above with this.

     

    They’ll take a look at it if there are any further formats that customers feel that the nation should adopt after that.

     

    They have a presence throughout India and sell their own goods. They’ll launch co-branded packs together, distributing them to the same retailers and beyond.Britannia is now making a bigger play in the segment of packaged cheese, where per capita consumption is quite low in India.

     

    In order to introduce items into India, Britannia has been expanding its footprint in the packaged food sector by partnering with foreign companies. For example, it launched a joint venture with Greece’s Chipita to sell packaged croissants in India.

     

    Regarding the present business environment, they claimed that the company saw “slight” input cost pressures this quarter, with milk experiencing the highest increase.

     

    The worst may be over for India’s fast-moving consumer goods sector when it comes to dealing with high inflationary headwinds because palm oil has dropped very sharply.

     

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS 

    1. How many Cheese are manufactured per annum in India? Who are the sub-component suppliers in  this regions?
    2. Cost breakup of a India  Cheese and key vendor selection criteria
    3. Where is the Cheese manufactured? What is the average margin per unit?
    4. Market share of India  Cheese market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture India  Cheese in-house
    6. key predictions for next 5 years in India  Cheese market
    7. Average B-2-B Cheese market price in all segments
    8. Latest trends in Cheese market, by every market segment
    9. The market size (both volume and value) of the Cheese market in 2023-2030 and every year in between?
    10. Production breakup of Cheese market, by suppliers and their OEM relationship

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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