Cheese Market Overview in India
In value terms, cheese production fell slightly to $ in 2019 estimated in export prices. Overall, production recorded a mild slump. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. Cheese production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
The value of the cheese market in India declined dramatically to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the market value increased by % y-o-y. Cheese consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.