PROSPECTS AND OPPORTUNITIES
Strong economic outlook set to drive sales of cheese in India
The retail per capita consumption of cheese in India remains low compared with the rest of Asia Pacific, which is expected to provide opportunities for growth for cheese in the forecast period. In addition, India is expected to be one of the fastest growing economies in the world during this period, which will lead to increasing disposable incomes.
Influence of Western culture will increase the consumption of cheese in India
While traditional breakfast options remain prominent in India, Western breakfast options such as sandwiches, toast, and other bread-related items in which cheese is also an integral part is on the rise. Given that these take less time to prepare than traditional options, consumers are including more baked goods, cheese, and butter in their breakfast choices, which is set to continue to drive growth for cheese moving forward.
Consumer foodservice demand for cheese will remain strong
With the growing trend of Indian consumers including cheese in a variety of dishes, foodservice outlets in the country are expanding their menus with newer dishes which include cheese. This is also turning into an opportunity for restaurants to premiumise, and this trend is expected to continue in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Cheese industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cheese industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cheese in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cheese in India?
- Which are the leading brands in Cheese in India?
- How are products distributed in Cheese in India?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cheese?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in India?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cheese in India - Category analysis
KEY DATA FINDINGS
Retail value sales of cheese in India continue to see growth momentum in 2024
The competition intensifies as D2C brands gain prominence
E-commerce continues to gain traction as a distribution channel for cheese
Strong economic outlook set to drive sales of cheese in India
Influence of Western culture will increase the consumption of cheese in India
Consumer foodservice demand for cheese will remain strong
Dairy Products and Alternatives in India - Industry Overview
Dairy products and alternatives in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for dairy products and alternatives?
DISCLAIMER
The following categories and subcategories are included:
Cheese
- Spreadable Cheese
- Processed Cheese excl Spreadable
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- Packaged Hard Cheese
- Unpackaged Hard Cheese
- Soft Cheese
Cheese
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.
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This report originates from Passport, our Cheese research and analysis database.
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