India Milk Product Stood 187.7 Million MT In 2018-19 Significantly Contributing To The Cheese Market

Cheese Market


 Increasing consumption and production of dairy products due to various health benefits is influencing the growth of the cheese market. Cheese is rich in various nutrients such as calcium, essential minerals, protein, fat, and others. This nutrient helps in the prevention of various disease such as osteoporosis and also make teeth &bone stronger. Expanding number of quick-service restaurants (QSRs) across developing regions that serve cheese based food products coupled with the increasing disposable income of the consumers is also fostering the growth of the cheese market. According to the Federation of Indian Chambers of Commerce & Industry, the market size of the Indian restaurants and food services industry stands at Rs 3.7 trillion as of 2018 registering a y-o-y growth of about 10% and a CAGR growth of 8.4% between 2013 and 2018.

Cheese is one of the oldest dairy products ever eaten by humankind. It is full of calcium, vitamin D, protein, vitamin A, phosphorus, and many other minerals. It is also rich in a host of vitamins and enzymes, including Vitamin B6, calcium, chromium, potassium, manganese, sodium, zinc, and many others. Therefore, cheese and milk are an ideal diet for the body. The process of cheese making has evolved greatly over time, with each major change being accompanied by a new innovation in cheese's texture and flavor. Today, cheese is made using pasteurized milk that contains live microorganisms, allowing it to undergo changes during the curing stage without damaging its taste and texture.

Major Developments:

1.      In January 2021, Heritage Foods has entered into cheese products with the launch of mozzarella and processed cheese, and ‘Cool Cafe’ drink and fresh cream

2.      In February 2020, PRÉSIDENT® Cheese Debuts Three New Cheese Products which combines simple ingredients with high-quality milk and cream

3.      In October 2019, Wensleydale Dairy Products launches a new cheese brand. The new range includes three kinds of cheese: Extra Mature Yorkshire Cheddar, Yorkshire Red, and Double Yorkshire

In terms of regional analysis, Asia Pacific is expected to lead the global cheese market and this is due to the fact that this region accounted for the highest production of dairy products. According to the India Brand Equity Foundation, India is expected to emerge as the largest dairy producer by 2020. In India milk production is growing by 6.4 per cent during the last 5 years and has increased from 146.3 million MT in 2014-15 to 187.7 million MT in 2018-19

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