India’s cheese exports in 2024

Here’s some information about India’s cheese exports in 2024:

• Export destinationsIndia’s major export destinations for dairy products in 2023-24 include the United Arab Emirates, Saudi Arabia, the USA, Singapore, and Bhutan. 
• Cheese market growthThe cheese market in India is projected to reach US\$180.40 million in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 16.29% from 2024 to 2029. 
• Factors driving the cheese marketFactors driving the cheese market in India include:
  • The fast food industry 
  • More organized retail outlets 
  • Marketing campaigns 

India’s cheese exports have been gaining traction globally, with $47.9 million worth of cheese exported in 2022, making it the 44th largest exporter of cheese worldwide. Key export destinations include the UAE ($9.28 million), the US ($8.03 million), Bhutan ($7.25 million), Singapore ($4.64 million), and Saudi Arabia ($2.58 million). Notable growth has been observed in exports to the US, Bahrain, and the Philippines. This upward trend reflects India’s potential to expand its footprint in global dairy markets, especially with value-added products​

India’s cheese export market has shown notable growth in recent years. In 2022, India exported cheese worth $47.9 million, ranking it as the 44th largest cheese exporter globally.

OECD Economic Commission The primary destinations for these exports included the United Arab Emirates ($9.28 million), the United States ($8.03 million), Bhutan ($7.25 million), Singapore ($4.64 million), and Saudi Arabia ($2.58 million).

The average export price of cheese from India stood at $5,663 per ton in 2023, reflecting a 14% increase compared to the previous year.

IndexBox This upward trend indicates a growing demand for Indian cheese in international markets.

The United States emerged as the fastest-growing export market for Indian cheese between 2021 and 2022, with exports increasing by $3 million, marking a 59.5% growth.

OECD Economic Commission

Looking ahead, the cheese market in India is projected to reach a revenue of $180.40 million in 2024, with an annual growth rate (CAGR) of 16.29% from 2024 to 2029.

Statista This growth is driven by increasing domestic consumption and expanding export opportunities.

In summary, India’s cheese export sector is on an upward trajectory, with significant growth in export value, expanding markets, and a positive outlook for the coming years.