Top 8 Companies Supporting Growth of the India Paneer Market

Gujarat Co-operative Milk Marketing Federation Ltd, Karnataka Co-operative Milk Producers Federation Limited, Mother Dairy Fruits & Vegetables Pvt Limited, Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF), Pradeshik Cooperative Dairy Federation Ltd (PCDF), Ananda Dairy Ltd, Parag Milk Foods Limited, and Hatsun Agro Product Limited, among others, are the major players in the India paneer market.

The India paneer market is expected to grow at a CAGR of about 13% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is expected to be driven by the wide use of paneer and paneer-based products in the food and beverage industry.

The market for paneer in India is positively driven by the increasing availability of paneer in retail and supermarkets and the rising demand for varieties of paneer. These include masala paneer, skim milk paneer, fibre rich low-fat paneer, filled paneer, protein-enriched filled paneer, spiced paneer, and vegetable impregnated paneer.

The major players in the India paneer market include Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) and Hatsun Agro Product Limited (NSE: HATSUN). Hatsun Agro Product Limited, in 2021 launched paneer under its 'Arokya' brand to meet the growing demand for paneer in India. The product is available in 200-gram packs in the states of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Pondicherry, Maharashtra and Goa. GCMMF owned Amul announced plans to invest over INR 1,000 crore in 2020 for building new milk processing plants for the production of paneer, milk, buttermilk, and ghee.

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Top 8 Paneer Companies in India:

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)

Gujarat Co-operative Milk Marketing Federation Ltd is the largest food manufacturing organisation in India, commonly known for its Amul brand. The cooperative society is a premier organisation with its brands such as Amul and Sagar available across India. It produces various products such as milk, paneer, health beverages, ghee, butter, cheese, ice cream, and chocolates. GCMMF products are marketed in the United States, Japan, Singapore, Gulf countries, China, and Australia.

Mother Dairy Fruits & Vegetables Pvt Limited

Mother Dairy Fruits & Vegetables Pvt Limited is an Indian company and a subsidiary of the National Dairy Development Board (NDDB). The company is renowned for its packaged milk, ice cream, skimmed milk, butter, cooking oil, fresh fruits, spices, and other products. It owns the brands Mother Dairy, Safal and Dhara and supplies its products throughout India.

Karnataka Co-operative Milk Producers Federation Limited

Karnataka Cooperative Milk Producers Federation Limited (KMF) is India's second-largest dairy cooperative and the largest in South India. The cooperative manufactures milk, curd, ghee, butter, milk powder, ice cream, frozen products, milk sweets, chocolates, and other products and sells them under the brand Nandini. It has over 14 milk unions covering the state of Karnataka for procuring and distributing milk.

Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF)

Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) is one of India's largest dairy cooperative societies and owns the brand Aavin. TCMPF offers beverages, fermented products, hot milk, ice cream, sweets, milk, and milk products. It has more than 19 district cooperative milk producers.

Pradeshik Cooperative Dairy Federation Ltd (PCDF)

Pradeshik Cooperative Dairy Federation Ltd (PCDF) is an Uttar Pradesh based dairy cooperative that links producers and consumers. It supplies products such as milk, ghee, table butter, curd, flavoured milk, sweets, and curd milk through its brand Parag. PCDF has regional marketing offices in Lucknow and Meerut for expanding and diversifying its products across India.

Ananda Dairy Ltd

Ananda Dairy Ltd is an Indian dairy manufacturer and a leading producer of dairy products across India. The company is engaged in producing and distributing paneer, ghee, butter, dahi, lassi, flavoured milk, and other milk-based products. It collects more than 10 lakh litres of milk on a daily basis from 5,000 village societies and has 32 milk chilling centres in India.

Parag Milk Foods Limited

Parag Milk Foods Limited is an India-based company is involved in the production and marketing of milk and milk-based products. The company manufactures high-quality products under globally recognised brands such as Gowardhan, Go, Topp Up, and Pride of Cows. Its product catalogue includes paneer, cheese, milk, ghee, curd, butter, and flavoured milk. It has milk processing units in Maharashtra and Andhra Pradesh.

Hatsun Agro Product Limited

Hatsun Agro Product Limited is an Indian manufacturer and producer of milk, skimmed milk powder, curd, ghee, ice creams, paneer, dairy whitener, and other products. The company owns brands Arun Ice Cream, Arokya, Hatsun, Hatsun daily, Ibaco, Oyalo, Aniva, Santosa, and Dairy Ingredients and exports products to over 42 countries globally.