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India’s Cheese Market Set for Strong Growth with Projected Value of USD 2.395 Billion by 2028

India 11.10.2024
Source: DairyNews.today
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India’s cheese market is on a notable growth trajectory, with market valuation reaching USD 1.614 billion in 2023 and expected to expand to USD 2.395 billion by 2028, driven by a robust compound annual growth rate (CAGR) of 8.21%. This reflects a steady demand for both natural and processed cheese as the market continues to grow in value and volume, according to ResearchAndMarket.
India’s Cheese Market Set for Strong Growth with Projected Value of USD 2.395 Billion by 2028

The market achieved an impressive 15.04% CAGR from 2018 to 2023, resulting in a total sales value of INR 133.33 billion in 2023, a 14.09% increase over the previous year. However, market volatility due to economic factors saw varied growth rates, with the strongest year being 2020, which experienced a 26.01% surge, and the weakest year being 2021, with a moderate 4.26% increase.


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