The correct answer is Coagulated milk product. Paneer is a heat-acid coagulated milk product obtained by coagulating standardized milk with the permitted acids at specified temperature. The resultant coagulum is filtered and pressed to get the sliceable curd mass. Paneer has a firm, close, cohesive and spongy body and smooth texture. It is mainly prepared from buffalo milk. It is reported that about 5% of the milk produced in India is converted into paneer and paneer production is growing annually at the rate of 13%.